Extension of Scheduled Expiry Date

EX-10.1 2 y72909exv10w1.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 8, 2008.
Dated: November 25, 2008
         
  PARK AVENUE RECEIVABLES COMPANY, LLC,
     as a CP Conduit Purchaser
 		  
  By:   JPMorgan Chase Bank, N.A., its attorney-in-fact    
     
  By:   /s/ Daniel J. Clarke, Jr.  
    Name:   Daniel J. Clarke, Jr.  
    Title:   Managing Director  
 
  JPMORGAN CHASE BANK, N.A., as an APA Bank
 		  
  By:   /s/ Daniel J. Clarke, Jr.  
    Name:   Daniel J. Clarke, Jr.  
    Title:   Managing Director  

 

 

2

         
         
  VARIABLE FUNDING CAPITAL COMPANY
     LLC, as a CP Conduit Purchaser
 		  
  By:   WACHOVIA CAPITAL MARKETS, LLC,
As Attorney-in-Fact  		  
     
  By:   /s/ Haojin Wu  
    Name:   Haojin Wu  
    Title:   Vice President  
 
  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/ Evelyn Echevarria  
    Name:   Evelyn Echevarria  
    Title:   Vice President  
 
  WESTLB AG, NEW YORK BRANCH, as an APA
     Bank
 		  
  By:   /s/ Karen Ngai  
    Name:   Karen Ngai  
    Title:   Director  
     
  By:   /s/ Michael Gilbuley  
    Name:   Michael Gilbuley  
    Title:   Associate 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/ James Murray    
    Name:   James Murray   
    Title:   Managing Director   
 
  CITIBANK, N.A., as an APA Bank
 		  
  By:   /s/ Steven Vierengel   
    Name:   Steven Vierengel   
    Title:   Director   
Signature Page to Series 2006-2 Consent

 

7

         
  SHEFFIELD RECEIVABLES CORPORATION, as a
     CP Conduit Purchaser
 		  
  By:   /s/ Fouad Onbargi   
    Name:   Fouad Onbargi   
    Title:   Director   
 
  BARCLAYS BANK PLC, as an APA Bank
 		  
  By:   /s/ Pierre Duleyrie   
    Name:   Pierre Duleyrie   
    Title:   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   
 
  ABN AMRO BANK N.V., as APA Bank and
     Funding Agent
 		  
  By:   /s/ David Viney   
    Name:   David Viney   
    Title:   Managing Director   
Signature Page to Series 2006-2 Consent