Extension of Original Credit Agreement Clause Samples

Extension of Original Credit Agreement. The parties hereto acknowledge and agree that the Termination Date under the Original Credit Agreement is hereby extended through the date prior to the date hereof but from and after the date hereof, all Loans and other Obligations of the Borrower, whether outstanding under the Original Credit Agreement or otherwise, shall be subject in all respects to the terms and conditions of this Amended and Restated Credit Agreement. The Lender hereby waives any Events of Default that may have existed under the Original Credit Agreement prior to its amendment and restatement pursuant to the terms hereof. Upon execution hereof by all the parties, this Agreement shall be a contract among the parties for the purposes hereinabove set forth. Dated as of June 11, 2001 HOMEGOLD, INC. By: Name: Title: The undersigned executes and delivers this Agreement for purposes of confirming its agreements set forth in Sections 7.5 and 7.17 hereof. HOMEGOLD FINANCIAL, INC. By: Name: Title: Accepted and agreed to as of the day and year last above written. HOUSEHOLD COMMERCIAL FINANCIAL SERVICES, INC. By: _______________________________________ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Vice President EXHIBIT A [INTENTIONALLY OMITTED] EXHIBIT B STATES IN WHICH THE BORROWER AND CORPORATE GUARANTORS ARE QUALIFIED TO CONDUCT BUSINESS AS OF CLOSING HomeGold, Inc.: Alabama Maine Pennsylvania Arkansas Maryland Rhode Island California Michigan South Carolina Colorado Minnesota South Dakota Connecticut Mississippi Tennessee Delaware Missouri Texas District of Columbia Montana Utah Florida Nebraska Vermont Georgia New Hampshire Virginia Idaho New Jersey Washington Illinois New Mexico West Virginia Indiana North Carolina Wisconsin Iowa North Dakota Wyoming Kansas Ohio Kentucky Oklahoma Louisiana Oregon HomeGold Financial, Inc.: South Carolina Carolina Investors, Inc.: South Carolina Premier Financial Services, Inc.: South Carolina The Loan Pro$, Inc.: South Carolina Emergent Business Capital Asset Based Lending, Inc.: South Carolina Reedy River Ventures, LP: South Carolina Emergent SBIC, Inc.: none (charter forfeiture October 20, 1999) Emergent Commercial Mortgage, Inc.: South Carolina Emergent Business Capital, Inc.: South Carolina Emergent Insurance Agency Corp.: South Carolina Emergent Mortgage Corp. of Tennessee: South Carolina Tennessee HomeGold Realty, Inc.: South Carolina EXHIBIT C REQUIRED DOCUMENTS A. INITIAL REQUIRED DOCUMENTS 1. Original mortgage note executed by a third party in favor of the Borrower (properly en...