EXHIBIT 10.19.3
COMMITMENT EXTENSION AGREEMENT
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COMMITMENT EXTENSION AGREEMENT (the "Extension Agreement") is made and
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entered into as of March 29, 2000, among AMERICREDIT WAREHOUSE TRUST, a Delaware
business trust (the "Borrower"), AMERICREDIT FINANCIAL SERVICES, INC., a
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Delaware corporation, individually ("AFS") and as initial Servicer, and CREDIT
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SUISSE FIRST BOSTON, NEW YORK BRANCH ("CSFB"), as agent (the "Agent") for the
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Lenders (as defined in the Agreement referred to below).
W I T N E S S E T H :
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WHEREAS, the Borrower, AFS, individually and as Servicer and Custodian,
AmeriCredit Funding Corp., AmeriCredit Corporation of California, the Lenders,
the Agent and Bank One, N.A., as Backup Servicer and Collateral Agent, are
parties to a certain Receivables Financing Agreement dated as of March 31, 1999
(as amended, the "Agreement"); and
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WHEREAS, the parties hereto desire to extend the Commitment Termination
Date set forth in the Agreement in the manner, and on the terms and conditions
herein provided.
NOW, THEREFORE, in consideration of the mutual covenants herein contained,
and other good and valuable consideration, the receipt and adequacy of which are
hereby expressly acknowledged, the parties hereto agree as follows:
1. Definitions. Unless otherwise defined herein, all terms used herein
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which are defined in the Agreement shall have the meanings assigned thereto in
the Agreement.
2. Extension. As of the Extension Effective Date (as hereinafter
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defined), the Commitment Termination Date under the Agreement shall be extended
from March 29, 2000 to March 27, 2001.
3. Notice. Promptly after the Extension Effective Date, written notice of
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the extension of the Commitment Termination Date effected hereby shall be
furnished to the Rating Agencies and Bank One, N.A. by the Servicer.
The modification set forth above is limited precisely as written and shall
not be deemed to (x) be a consent to any waiver of, or modification of, any
other term or condition of the Agreement or any of the documents referred to
therein or (y) prejudice any right or rights which the Agent or any Lender may
now have or may have in the future under or in connection with the Agreement or
any of the documents referred to therein. Except as expressly modified hereby,
the terms and provisions of this Agreement shall remain in full force and
effect.
4. Representations and Warranties. Each of the parties hereto severally
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represents and warrants that all acts, filings and conditions required to be
done and performed and to have happened (including, without limitation, the
obtaining of necessary governmental approvals) precedent to the entering into of
this Extension Agreement to constitute this Extension
Agreement and the Agreement as modified hereby the duly authorized, legal, valid
and binding obligation of such party, enforceable in accordance with its terms,
have been done, performed and have happened in due and strict compliance with
all applicable laws.
5. Effectiveness. This Extension Agreement shall become effective on the
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date (the "Extension Effective Date") which is the later of March 29, 2000 and
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the date when each of the parties hereto shall have executed a counterpart
hereof and delivered the same to the Agent; provided that the Agent on behalf of
itself and the Lenders may revoke its agreement to this Extension Agreement at
any time prior to March 29, 2000. Complete sets of counterparts hereof shall be
lodged with the Servicer and the Agent.
6. Governing Law. THIS EXTENSION AGREEMENT SHALL BE GOVERNED BY, AND
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CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
7. Counterparts. This Extension Agreement may be executed in several
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counterparts, each of which shall be regarded as the original and all of which
shall constitute one and the same agreement.
[Signature Pages to Follow]
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IN WITNESS WHEREOF, the parties have caused this Extension Agreement to be
executed by their respective officers thereunto duly authorized as of the day
and year first above written.
AMERICREDIT WAREHOUSE TRUST
By: Bankers Trust (Delaware), not in its
individual capacity but solely as Trustee
By:_______________________________________________
Name:
Title:
AMERICREDIT FINANCIAL SERVICES, INC,
as Servicer
By:_______________________________________________
Xxxxxxx X. Xxxxxx
Executive Vice President and Treasurer
CREDIT SUISSE FIRST BOSTON, NEW
YORK BRANCH, as Agent, on behalf of itself
and the Lenders
By:_______________________________________________
Name:
Title:
By:_______________________________________________
Name:
Title:
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