Extension of Scheduled Expiry Date

EX-10.1 2 y73158exv10w1.htm EX-10.1: AGREEMENT EX-10.1
Exhibit 10.1
Extension of Scheduled Expiry Date
          Reference is made to that certain Amended and Restated Series 2006-2 Indenture Supplement, dated as of December 1, 2006, as amended by the First Amendment thereto, dated as of March 6, 2007, and the Second Amendment thereto, dated as of November 30, 2007 (as further amended or supplemented, the “Series 2006-2 Indenture Supplement”), among Chesapeake Funding LLC (the “Issuer”), PHH Vehicle Management Services, LLC, as administrator, the several commercial paper conduits listed on Schedule I thereto (the “CP Conduit Purchasers”), the banks party thereto with respect to each CP Conduit Purchaser (the “APA Banks”), the agent banks party thereto with respect to each CP Conduit Purchaser (the “Funding Agents”), JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the CP Conduit Purchasers, the APA Banks and the Funding Agents, and The Bank of New York Mellon (formerly known as The Bank of New York), as Indenture Trustee (the “Indenture Trustee”), to the Base Indenture, dated as of March 7, 2006 between the Issuer and the Indenture Trustee. All capitalized terms defined in the Series 2006-2 Indenture Supplement and used herein shall have the meanings given to them therein.
          The undersigned hereby agree to extend the Scheduled Expiry Date to December 17, 2008.
Dated: December 8, 2008
         
  PARK AVENUE RECEIVABLES COMPANY, LLC, as a CP Conduit Purchaser

By: JPMorgan Chase Bank, N.A., its attorney-in-fact
 		  
 
  By:   /s/ Corina Mills    
    Name:   Corina Mills  
    Title:   Vice President  
 
  JPMORGAN CHASE BANK, N.A., as an APA Bank
 		  
  By:   /s/ Corina Mills    
    Name:   Corina Mills  
    Title:   Vice President  

 

2

         
         
  VARIABLE FUNDING CAPITAL COMPANY
LLC, as a CP Conduit Purchaser

By: WACHOVIA CAPITAL MARKETS, LLC,
       As Attorney-in-Fact
 		  
 
  By:   /s/ Douglas R. Wilson, Sr.    
    Name:   Douglas R. Wilson, Sr.  
    Title:   Director  
 
  WACHOVIA BANK, NATIONAL ASSOCIATION, as an APA Bank
 		  
  By:   /s/ Kevin McConnell    
    Name:   Kevin McConnell  
    Title:   Managing Director  
 
Signature Page to Series 2006-2 Consent

 

3

         
  YC SUSI TRUST, as a CP Conduit Purchaser
 		  
  By:   Bank of America, National Association, as Administrative Trustee    
 
  By:   /s/ Leif E. Rauer    
    Name:   Leif E. Rauer  
    Title:   Vice President  
 
  BANK OF AMERICA, NATIONAL ASSOCIATION, as an APA Bank
 		  
  By:   /s/ Leif E. Rauer    
    Name:   Leif E. Rauer  
    Title:   Vice President  
 
Signature Page to Series 2006-2 Consent

 

4

         
  LIBERTY STREET FUNDING LLC, as a CP
Conduit Purchaser
 		  
  By:   /s/ Jill A. Russo    
    Name:   Jill A. Russo  
    Title:   Vice President  
 
  THE BANK OF NOVA SCOTIA, as an APA Bank
 		  
  By:   /s/ Michael Eden    
    Name:   Michael Eden  
    Title:   Director  
 
Signature Page to Series 2006-2 Consent

 

5

         
  PARADIGM FUNDING, LLC, as a CP Conduit
Purchaser
 		  
  By:   /s/ Doris J. Hearn  
    Name: Doris J. Hearn  
    Title: Vice President  
 
  WESTLB AG, NEW YORK BRANCH, as an APA
Bank
 		  
  By:   /s/ Brian Statfeld  
    Name:   Brian Statfeld  
    Title:   Managing Director  
 
     
  By:   /s/ Michael Gilhuley  
    Name:   Michael Gilhuley  
    Title:   Assoc. Director  
 
Signature Page to Series 2006-2 Consent

 

6

         
  CHARTA, LLC, as a CP Conduit Purchaser

By: CITICORP NORTH AMERICA, INC.,
       as Attorney-in-Fact
 		  
 
  By:   /s/ Steven Vierengel    
    Name:      
    Title:      
 
  CITIBANK, N.A., as an APA Bank
 		  
  By:   /s/ Steven Vierengel    
    Name:      
    Title:      
 
Signature Page to Series 2006-2 Consent

 

7

         
  SALISBURY RECEIVABLES COMPANY, as a CP Conduit Purchaser
 		  
  By:   /s/ Janette Lieu    
    Name:   Janette Lieu   
    Title:   Director   
 
  BARCLAYS BANK PLC, as an APA Bank
 		  
  By:   /s/ Jeffrey Goldberg    
    Name:   Jeffrey Goldberg   
    Title:   Associate Director   
 
Signature Page to Series 2006-2 Consent

 

8

         
  ATLANTIC ASSET SECURITIZATION LLC, as a CP Conduit Purchaser
 		  
  By:   /s/ Kostantina Kourmpetis    
    Name:   Kostantina Kourmpetis   
    Title:   Managing Director   
 
     
  By:   /s/ Sam Pilcer    
    Name:   Sam Pilcer   
    Title:   Managing Director   
 
  CALYON NEW YORK BRANCH, as an APA Bank
 		  
  By:   /s/ Kostantina Kourmpetis    
    Name:   Kostantina Kourmpetis   
    Title:   Managing Director   
 
     
  By:   /s/ Sam Pilcer    
    Name:   Sam Pilcer   
    Title:   Managing Director   
 
Signature Page to Series 2006-2 Consent

 

9

         
  WINDMILL FUNDING CORPORATION, as CP
Conduit Purchaser
 		  
  By:   /s/ Jill A. Russo  
    Name:   Jill A. Russo  
    Title:   Vice President  
 
  THE ROYAL BANK OF SCOTLAND PLC, as APA Bank and Funding Agent
 		  
  By:   /s/ Michael Zappaterrini  
    Name:   Michael Zappaterrini  
    Title:   Managing Director  
 
Signature Page to Series 2006-2 Consent