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Exhibit 10(e)
AMENDMENT TO LOAN SUBPARTICIPATION AGREEMENT
THIS AMENDMENT TO LOAN SUBPARTICIPATION AGREEMENT (this "Amendment") is
made as of May ___, 2001, between HUNTINGTON PREFERRED CAPITAL HOLDINGS, INC.,
an Indiana corporation ("Transferor") and HUNTINGTON PREFERRED CAPITAL, INC., an
Ohio corporation ("Transferee").
RECITALS
A. The parties have previously entered into a certain Loan
Subparticipation Agreement, dated as of May 1, 1998 (the "Subparticipation
Agreement"). (All capitalized terms used in this Amendment and not otherwise
defined herein shall have the meanings ascribed to such terms in the
Subparticipation Agreement.)
B. The Subparticipation Agreement was made in connection with a certain
Loan Participation Agreement, also dated as of May 1, 1998, between The
Huntington National Bank (the "Bank") and Transferor (the "Participation
Agreement").
C. The parties desire to modify the Subparticipation Agreement as set
forth in this Amendment.
AGREEMENT
The parties hereby agree as follows:
1. The Subparticipation Agreement is hereby modified and amended,
effective as of the date hereof, by inserting a new paragraph 14 consisting of
the following:
"14. AMENDMENTS TO PARTICIPATION AGREEMENT. The Participation Agreement
may not be amended, altered or modified without the written consent of
Transferee."
2. Except as specifically modified and amended herein, the
Subparticipation Agreement shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date set forth above.
HUNTINGTON PREFERRED CAPITAL
HOLDINGS, INC.
By:
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Xxxxxxx X. Xxxxxxxx, President
HUNTINGTON PREFERRED CAPITAL, INC.
By:
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Xxxxxx X. Xxxxxxx, Vice President
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