ENTERPRISE FUNDING CORPORATION
c/o MERRILL XXXXX MONEY MARKETS INC.
World Financial Center - South Tower
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
April 28, 1998
Xx. Xxxxxxx Xxxxxxxx
Union Acceptance Funding Corporation
0000 Xxxxxx Xxxxx Xxxx
Xxxxx 0000-X
Xxxxxx Xxxxxxx, Xxxxxxx 00000
Dear Xxxxxxx:
This letter is to confirm our agreement to amend the Transfer and Administration
Agreement between Union Acceptance Corporation (the "Collection Agent"), Union
Acceptance Funding Corporation (the "Transferor") and Enterprise Funding
Corporation (the "Company") dated July 24, 1995 and as amended to date (the
"Agreement"). The Agreement shall be amended as follows and shall be effective
as of today:
o In Section 1.1, the definition of "Termination Date" shall be amended
so that "July 18, 1998" contained in clause (v) of the definition shall
read "July 18, 1999".
o In Section 1.1, the definition of "Defaulted Receivable" shall be
amended so that "60" contained in clause (i) of the definition shall
read "90".
The Transferor hereby represents and warrants that the representations and
warranties of the Transferor set forth in Section 3.1 of the Agreement are true
and correct as of the date hereof (except those representations and warranties
set forth therein which specifically relate to an earlier date).
All other terms and conditions of the Agreement not amended by this letter
agreement shall remain unchanged and in full force and effect.
If this letter correctly sets forth our agreement, please sign the enclosed
duplicate original and return to Xxxxx X. Xxxx, NationsBank Investment Banking,
NationsBank Xxxxxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000 by May
2, 1998.
Sincerely,
ENTERPRISE FUNDING CORPORATION
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title:
-1-
Accepted and Agreed:
UNION ACCEPTANCE CORPORATION PERFORMANCE FUNDING CORPORATION
By: /s/ Xxxxxxx X. Xxxx By: /s/ Xxxxxxx X. Xxxxxxxx
Name: Xxxxxxx X. Xxxx Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President Title: Vice President
