THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
Exhibit 10.1
THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
THIS THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”) is made as of the 6th day of July, 2007, by and among X.X. XXXXXX, INC., a Delaware corporation (the “Borrower”), the lenders listed on the signature pages hereof (collectively referred to herein as the “Lenders”), the Guarantors listed on Schedule 1 attached hereto (each a “Guarantor” and collectively, the “Guarantors”), WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders (the “Administrative Agent”), Swingline Lender and a Letter of Credit Issuer.
R E C I T A L S:
The Borrower, the Administrative Agent and the Lenders have entered into that certain Revolving Credit Agreement dated as of December 16, 2005 (the “Original Credit Agreement”) and the Borrower, the Administrative Agent and certain of the Lenders have entered into that certain First Amendment to Revolving Credit Agreement dated as of November 1, 2006 (the “First Amendment”) and that certain Second Amendment to Revolving Credit Agreement dated as of March 14, 2007 (the “Second Amendment”; the Original Credit Agreement, as amended by the First Amendment and the Second Amendment, is hereinafter referred to as the “Credit Agreement”). Capitalized terms used in this Amendment which are not otherwise defined in this Amendment shall have the respective meanings assigned to them in the Credit Agreement.
The Borrower, the Administrative Agent and the Lenders desire to amend the Credit Agreement in certain respects.
NOW, THEREFORE, in consideration of the Recitals and the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, the Guarantors, the Administrative Agent and the Lenders party hereto, intending to be legally bound hereby, agree as follows:
SECTION 1. Recitals. The Recitals are incorporated herein by reference and shall be deemed to be a part of this Amendment.
SECTION 2. Amendment to Section 7.5. Section 7.5 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
7.5 Distributions; Repurchase of Stock, Etc. Borrower (a) shall not, and shall not permit any of its Restricted Subsidiaries to, declare or make, directly or indirectly, any Distribution, or incur any obligation (contingent or otherwise) to do so, and (b) shall not repurchase, redeem, retire, cancel, terminate or otherwise acquire any of its capital stock or other equity interest in the Borrower (including, without limitation, any instrument convertible into its capital stock or other equity interest) or any option, warrant or other right to acquire any such capital stock or such other equity interest, in the case of (a) or (b): (i) at any time an Event of Default under Section 8.1(b) shall have occurred and be continuing; (ii) at any time the Borrower is not in compliance with any of the financial covenants contained in subsections (a), (b) or (c) of Section 6.8; or (iii) if such Distribution, repurchase, redemption, retirement, cancellation, termination or other acquisition would cause the Borrower not to be in compliance with the financial
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covenants referenced in clause (ii) above immediately after giving effect to such Distribution, repurchase, redemption, retirement, cancellation, termination or other acquisition.
SECTION 3. Conditions to Effectiveness. The effectiveness of this Amendment and the obligations of the Lenders hereunder are subject to satisfaction of the following conditions:
(a) receipt by the Administrative Agent from the Borrower, the Guarantors, the Administrative Agent and the Lenders constituting Required Lenders (as defined in the Credit Agreement) of a duly executed counterpart of this Amendment;
(b) the fact that the representations and warranties of the Borrower and each Guarantor contained in Article 5 of the Credit Agreement and Section 5 of this Amendment shall be true on and as of the date hereof;
(c) payment by the Borrower of all fees and expenses (including without limitation the fees and expenses of counsel to the Administrative Agent) payable on the date of this Amendment to the Lenders and the Administrative Agent; and
(d) receipt of such other documents that the Administrative Agent may reasonably require.
SECTION 4. No Other Amendment. Except for the amendments set forth herein, the text of the Credit Agreement shall remain unchanged and in full force and effect. This Amendment is not intended to effect, nor shall it be construed as, a novation. The Credit Agreement and this Amendment shall be construed together as a single agreement. Nothing herein contained shall waive, annul, vary or affect any provision, condition, covenant or agreement contained in the Credit Agreement, except as herein amended or waived, nor affect or impair any rights, powers or remedies under the Credit Agreement as hereby amended. The Lenders and the Administrative Agent do hereby reserve all of their rights and remedies against all parties who may be or may hereafter become secondarily liable for the repayment of the Obligations. The Borrower promises and agrees to perform all of the requirements, conditions, agreements and obligations under the terms of the Credit Agreement, as heretofore and hereby amended, the Credit Agreement, as amended, being hereby ratified and affirmed. The Borrower hereby expressly agrees that the Credit Agreement, as amended, is in full force and effect.
SECTION 5. Representations and Warranties. The Borrower and each Guarantor hereby represents and warrants to the Administrative Agent and the Lenders as follows:
(a) No Default or Event of Default under the Credit Agreement has occurred and is continuing on the date hereof.
(b) The Borrower and each Guarantor each has the power and authority to enter into this Amendment and to do all acts and things as are required or contemplated hereunder, or thereunder, to be done, observed and performed by it.
(c) The execution, delivery and performance by each of the Borrower and each Guarantor of this Amendment and each Loan Document to which such Person is a party that is being delivered in connection with this Amendment have been duly authorized by all necessary
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corporate or other organizational action, and do not and will not (i) contravene the terms of any of such Person’s Organizational Documents or Authority Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under, any contractual obligation to which such Person is party or another order, injunction, writ or decree of any Governmental Authority to which such Person or its property is subject, or (iii) violate any Applicable Law.
(d) This Amendment and each Loan Document being delivered in connection with this Amendment have each been duly executed and delivered by the Borrower and each Guarantor that is party hereto and thereto. This Amendment and each such Loan Document each constitutes the legal, valid and binding obligation of the Borrower and each Guarantor that is a party thereto, enforceable against the Borrower and each Guarantor in accordance with its terms, except as enforceability may be limited by applicable Debtor Relief Laws and general principles of equity.
SECTION 6. Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which, taken together, shall constitute one and the same agreement.
SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NORTH CAROLINA; PROVIDED THAT THE ADMINISTRATIVE AGENT, LETTER OF CREDIT ISSUERS AND LENDERS SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.
SECTION 8. Consent by Guarantors. The Guarantors consent to this Amendment. Each Guarantor promises and agrees to perform all of the requirements, conditions, agreements and obligations under the terms of the Subsidiary Guaranty to which it is a party, such Subsidiary Guaranty being hereby ratified and affirmed. Each Guarantor hereby expressly agrees that the Subsidiary Guaranty to which it is a party is in full force and effect.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have executed and delivered, or have caused their respective duly authorized officers or representatives to execute and deliver, this Amendment as of the day and year first above written.
BORROWER:
X.X. XXXXXX, INC., a Delaware corporation
By: /s/ Xxxx X. Xxxxx
Name: Xxxx X. Xxxxx
Title: Executive Vice President and CFO
GUARANTORS:
By: /s/ Xxxx X. Xxxxx
Xxxx X. Xxxxx, in the capacities described and on behalf of the entities set forth in Exhibit A
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
EXHIBIT A
INITIAL GUARANTORS as of December 16, 2005
C. Xxxxxxx Xxxxxx Builders, Inc., a Virginia corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
CH Investments of Texas, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
CHI Construction Company, an Arizona corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
CHTEX of Texas, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Continental Homes of Texas, L.P., a Texas limited partnership, by CHTEX of Texas, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Continental Homes, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Continental Residential, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X. X. Xxxxxx, Inc. — Fresno, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx — Emerald, Ltd., a Texas limited partnership, by Xxxxxxx I, Ltd., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx — Texas, Ltd., a Texas limited partnership, by Xxxxxxx I, Ltd., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx LA North, Inc. (f/k/a DRH Regrem X, Inc.), a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx Los Angeles Holding Company, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx Management Company, Ltd., a Texas limited partnership, by Xxxxxxx I, Ltd., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx Materials, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
X.X. Xxxxxx OCI, Inc., (f/k/a X.X. Xxxxxx Orange County, Inc.), a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx VEN, Inc. (f/k/a X.X. Xxxxxx San Diego Holding Company, Inc.), a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Birmingham, an Alabama corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Chicago, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Denver, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Xxxxx-Xxxxx, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Greensboro, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Gulf Coast, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Jacksonville, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Louisville, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Minnesota, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — New Jersey, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Portland, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Sacramento, a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx, Inc. — Torrey, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
X.X. Xxxxxx-Xxxxxxx Homes, LLC, a Delaware limited liability company, by Vertical Construction Corporation, a manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Cambridge Homes, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Cambridge Homes, LLC, a Delaware limited liability company, by X.X. Xxxxxx, Inc. — Chicago, a managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Construction, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Regrem VII, LP, a Texas limited partnership, by Xxxxxxx I, Ltd., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Regrem VIII, LLC, a Delaware limited liability company, by X.X. Xxxxxx, Inc. — Chicago, a managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Regrem XI, Inc. a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Regrem XII, LP, a Texas limited partnership, by Xxxxxxx I, Ltd., its General Partner, by
Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Southwest Construction, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRH Tucson Construction, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
DRHI, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
HPH Homebuilders 2000, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., a General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
KDB Homes, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx I, Ltd., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx II, Ltd., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx IX, Inc., a New Jersey corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx VIII, Ltd., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx X, Inc., a New Jersey corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Melmort Co., a Colorado corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Melody Homes, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx Homes of Arizona LLC, a Delaware limited liability company, by SRHI LLC, a managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx Homes of California, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx Homes of Oregon, Inc., an Oregon corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx Homes of Washington, Inc., a Washington corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx Mortgage, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Xxxxxxx Realty Hawaii, Inc., a Hawaii corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SGS Communities at Grande Quay, LLC, a New Jersey limited liability company, by Xxxxxxx IX, Inc., a managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SHA Construction LLC, a Delaware limited liability company, by SRHI, LLC, a managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SHLR of California, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SHLR of Colorado, Inc., a Colorado corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SHLR of Nevada, Inc., a Nevada corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SHLR of Utah, Inc., a Utah corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SHLR of Washington, Inc., a Washington corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SRHI LLC, a Delaware limited liability company, by SHLR of Nevada, Inc., a managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
SSHI LLC, a Delaware limited liability company, by SHLR of Washington, a managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Vertical Construction Corporation, a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Funding, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President
Western Pacific Housing-Aviara, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Oso, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Scripps, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Seacove, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Windflower, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing Co., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing Management, Inc., a California corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Antigua, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Boardwalk, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Broadway, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Canyon Park, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Carmel, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Xxxxxxxx, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Communications Hill, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Copper Canyon, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Creekside, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Xxxxxx City, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Del Xxxxx, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Lomas Verdes, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Lost Hills Park, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-XxXxxxxxx Canyon, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Mountaingate, L.P. a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Norco Estates, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Pacific Park II, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Park Avenue East, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Park Avenue West, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Playa Vista, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Poinsettia, L.P., a California limited partnership, by Western Pacific Housing Management, Inc., its General Partner, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-River Ridge, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Robinhood Ridge, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Santa Fe, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Scripps II, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Studio 528, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Terra Bay Duets, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Torrance, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Torrey Commercial, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Xxxxxx Xxxxxxx, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Torrey Multi-Family, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Torrey Village Center, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Vineyard Terrace, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
Western Pacific Housing-Windemere, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its manager, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
WPH-Camino Xxxx, LLC, a Delaware limited liability company, by Western Pacific Housing Management, Inc., its managing member, by Xxxx X. Xxxxx in his capacity as Chief Financial Officer
ADDITIONAL GUARANTORS as of June 13, 2006
DRH Regrem XIII, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XIV, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XV, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XVI, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XVII, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XVIII, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XIX, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XX, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XXI, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XXII, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XXIII, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XXIV, Inc., a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
DRH Regrem XXV, Inc. (f/k/a X.X. Xxxxxx, Inc. — Los Angeles), a Delaware corporation, by Xxxx X. Xxxxx in his capacity as Executive Vice President and Chief Financial Officer
WACHOVIA BANK, NATIONAL ASSOCIATION,
as Administrative Agent
By: /s/ R. Xxxxx Xxxxxxxxxx
Name: R. Xxxxx Xxxxxxxxxx
Title: Senior Vice President
WACHOVIA BANK, NATIONAL ASSOCIATION,
as a Lender, Swingline Lender and a Letter of Credit Issuer
By: /s/ R. Xxxxx Xxxxxxxxxx
Name: R. Xxxxx Xxxxxxxxxx
Title: Senior Vice President
THE ROYAL BANK OF SCOTLAND, PLC, as a Lender
By: /s/ Xxxxxxx XxXxxxx
Name: Xxxxxxx XxXxxxx
Title: Senior Vice President
BANK OF AMERICA, N.A., as a Lender
By: /s/ Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: Vice President
CALYON NEW YORK BRANCH, as a Lender
By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Managing Director
By: /s/ Xxxxxx Xxxxx
Name: Xxxxxx Xxxxx
Title: Managing Director
CITICORP, N.A., as a Lender
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxx X. Xxxxxxxx
Title: Vice President
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
JPMORGAN CHASE BANK, N.A., as a Lender
By: /s/ Xxxxxxx Xxxxx
Name: Xxxxxxx Xxxxx
Title: Proxy for Xxxx Xxxxxx
UBS LOAN FINANCE LLC, as a Lender
By: /s/ Xxxx X. Xxxx
Name: Xxxx X. Xxxx
Title: Associate Director
By: /s/ Xxxx X. Xxxxx
Name: Xxxx X. Xxxxx
Title: Associate Director
BNP PARIBAS, as a Lender
By: /s/ Xxxxx Xxxxxxxxx
Name: Xxxxx Xxxxxxxxx
Title: Managing Director
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Vice President
SUNTRUST BANK, as a Lender
By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Assistant Vice President
WASHINGTON MUTUAL BANK, as a Lender
By: /s/ Xxxx X. Xxxxxxx
Name: Xxxx X. Xxxxxxx
Title: Vice President
REGIONS BANK (successor by merger to AmSouth Bank),
as a Lender
By: /s/ Xxxxxx XxXxxxxxx
Name: Xxxxxx XxXxxxxxx
Title: Assistant Vice President
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
XXX XXXX XX XXXX XXXXXX, as a Lender
By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Director
SCOTIABANC INC., as a Lender
By: /s/ X.X. Xxxx
Name: X.X. Xxxx
Title: Managing Director
BARCLAYS BANK PLC, as a Lender
By: /s/ Xxxxxxxx Xxxx
Name: Xxxxxxxx Xxxx
Title: Director
COMERICA BANK, as a Lender
By: /s/ Xxxxx X. Xxxxxxxxx
Name: Xxxxx X. Xxxxxxxxx
Title: Vice President
XXXXXX XXX, as a Lender
By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Vice President
LLOYDS TSB BANK PLC, as a Lender
By: /s/ Mario Del Xxxx
Name: Mario Del Xxxx
Title: Associate Director
Corporate Banking USA D029
By: /s/ Windsor X. Xxxxxx
Name: Windsor X. Xxxxxx
Title: Managing Director
Corporate Banking USA D061
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
GUARANTY BANK, as a Lender
By: /s/ Xxx X. Xxxxxxx
Name: Xxx X. Xxxxxxx
Title: Senior Vice President
EMIGRANT BANK, as a Lender
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxx X. Xxxxxxxx
Title: Managing Director
PNC BANK, NATIONAL ASSOCIATION, as a Lender
By: /s/ Xxxx Xxxxxx
Name: Xxxx Xxxxxx
Title: Vice President
THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND,
as a Lender
By: /s/ Xxxxxx XxXxxxx
Name: Xxxxxx XxXxxxx
Title: Authorised Signatory
By: /s/ Xxxxx Xxxx
Name: Xxxxx Xxxx
Title: Authorised Signatory
CALIFORNIA BANK & TRUST, a California banking corporation,
as a Lender
By: /s/ Xxxxxxxxx Xxxxx
Name: Xxxxxxxxx Xxxxx
Title: Vice President
CITY NATIONAL BANK, a national banking association, as a Lender
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Vice President
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
FIFTH THIRD BANK, as a Lender
By: /s/ Xxxx Xxxxxxxxxx
Name: Xxxx Xxxxxxxxxx
Title: Vice President
MIZUHO CORPORATE BANK, LTD., as a Lender
By: /s/ Xxxxx Xxxxxxxx
Name: Xxxxx Xxxxxxxx
Title: Senior Vice President
SOCIÉTÉ GÉNÉRALE, as a Lender
By: /s/ Xxxxxxx Xxxxxx
Name: Xxxxxxx Xxxxxx
Title: Director
UNION BANK OF CALIFORNIA N.A., as a Lender
By: /s/ Xxxxxxx Xxxxxxxxxx
Name: Xxxxxxx Xxxxxxxxxx
Title: Vice President
COMPASS BANK, as a Lender
By: /s/ Xxxxxxx Xxxx Xxxxx
Name: Xxxxxxx Xxxx Xxxxx
Title: Senior Vice President
AMERICAN SAVINGS BANK FSB, as a Lender
By: /s/ Xxxxx Xxxxx
Name: Xxxxx Xxxxx
Title: Vice President
By: /s/ Xxxxxxx Xxx
Name: Xxxxxxx Xxx
Title: Vice President
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
BANK OF HAWAII, as a Lender
By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Vice President
FIRST HAWAIIAN BANK, as a Lender
By: /s/ Xxx X. Xxxxxxxx
Name: Xxx X. Xxxxxxxx
Title: Vice President
THE NORTHERN TRUST COMPANY, as a Lender
By: /s/ Xxxxxx X. Xxxx
Name: Xxxxxx X. Xxxx
Title: Senior Vice President
LEGACY TEXAS BANK, as a Lender
By: /s/ Xxxx Xxxxxxxxx
Name: Xxxx Xxxxxxxxx
Title: Senior Vice President
MALAYAN BANKING BERHAD, NEW YORK BRANCH,
as a Lender
By: /s/ Fauzi Zulkifli
Name: Fauzi Zulkifli
Title: General Manager
NATIONAL CITY BANK, as a Lender
By: /s/ Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: Vice President
SIGNATURE PAGE TO THIRD AMENDMENT TO REVOLVING CREDIT AGREEMENT
SCHEDULE 1
GUARANTORS
INITIAL GUARANTORS as of December 16, 2005
C. Xxxxxxx Xxxxxx Builders, Inc., a Virginia corporation
CH Investments of Texas, Inc., a Delaware corporation
CHI Construction Company, an Arizona corporation
CHTEX of Texas, Inc., a Delaware corporation
Continental Homes, Inc., a Delaware corporation
Continental Homes of Texas, L.P., a Texas limited partnership
Continental Residential, Inc., a California corporation
X.X. Xxxxxx — Emerald, Ltd., a Texas limited partnership
X.X. Xxxxxx, Inc. — Birmingham, an Alabama corporation
X.X. Xxxxxx, Inc. — Chicago, a Delaware corporation
X.X. Xxxxxx, Inc. — Denver, a Delaware corporation
X.X. Xxxxxx, Inc. — Xxxxx-Xxxxx, a Delaware corporation
X.X. Xxxxxx, Inc. — Fresno, a Delaware corporation
X.X. Xxxxxx, Inc. — Greensboro, a Delaware corporation
X.X. Xxxxxx, Inc. — Gulf Coast, a Delaware corporation
X.X. Xxxxxx, Inc. — Jacksonville, a Delaware corporation
X.X. Xxxxxx, Inc. — Louisville, a Delaware corporation
X.X. Xxxxxx, Inc. — Minnesota, a Delaware corporation
X.X. Xxxxxx, Inc. — New Jersey, a Delaware corporation
X.X. Xxxxxx, Inc. — Portland, a Delaware corporation
X.X. Xxxxxx, Inc. — Sacramento, a California corporation
X.X. Xxxxxx, Inc. — Torrey, a Delaware corporation
X.X. Xxxxxx LA North, Inc. (f/k/a DRH Regrem X, Inc.), a Delaware corporation
X.X. Xxxxxx Los Angeles Holding Company, Inc., a California corporation
X.X. Xxxxxx Management Company, Ltd., a Texas limited partnership
X.X. Xxxxxx Materials, Inc., a Delaware corporation
X.X. Xxxxxx OCI, Inc. (f/k/a X.X. Xxxxxx Orange County, Inc.), a Delaware corporation
X.X. Xxxxxx VEN, Inc. (f/k/a X.X. Xxxxxx San Diego Holding Company, Inc.), a California corporation
X.X. Xxxxxx — Texas, Ltd., a Texas limited partnership
DRH Cambridge Homes, Inc., a California corporation
DRH Cambridge Homes, LLC, a Delaware limited liability company
DRH Construction, Inc., a Delaware corporation
DRH Regrem VII, LP, a Texas limited partnership
DRH Regrem VIII, LLC, a Delaware limited liability company
DRH Southwest Construction, Inc., California corporation
DRH Tucson Construction, Inc., a Delaware corporation
DRHI, Inc., a Delaware corporation
KDB Homes, Inc., a Delaware corporation
Xxxxxxx I, Ltd., a Delaware corporation
Xxxxxxx II, Ltd., a Delaware corporation
Xxxxxxx VIII, Ltd., a Delaware corporation
Xxxxxxx IX, Inc., a New Jersey corporation
Xxxxxxx X, Inc., a New Jersey corporation
SGS Communities at Grande Quay, LLC, a New Jersey limited liability company
X.X. Xxxxxx-Xxxxxxx Homes, LLC, a Delaware limited liability company
HPH Homebuilders 2000, L.P., a California limited partnership
Melody Homes, Inc., a Delaware corporation
Melmort Co., a Colorado corporation
Xxxxxxx Homes of Arizona LLC, a Delaware limited liability company
Xxxxxxx Homes of California, Inc., a California corporation
Xxxxxxx Homes of Oregon, Inc., an Oregon corporation
Xxxxxxx Homes of Washington, Inc., a Washington corporation
Xxxxxxx Mortgage, Inc., a Delaware corporation
Xxxxxxx Realty Hawaii, Inc., a Hawaii corporation
SHA Construction LLC, a Delaware limited liability company
SHLR of California, Inc., a California corporation
SHLR of Colorado, Inc., a Colorado corporation
SHLR of Nevada, Inc., a Nevada corporation
SHLR of Utah, Inc., a Utah corporation
SHLR of Washington, Inc., a Washington corporation
SRHI LLC, a Delaware limited liability company
SSHI LLC, a Delaware limited liability company
Vertical Construction Corporation, a Delaware corporation
Western Pacific Funding, Inc., a California corporation
Western Pacific Housing Co., a California limited partnership
Western Pacific Housing Management, Inc., a California corporation
Western Pacific Housing, Inc., a Delaware corporation
Western Pacific Housing-Antigua, LLC, a Delaware limited liability company
Western Pacific Housing — Aviara, L.P., a California limited partnership
Western Pacific Housing-Boardwalk, LLC, a Delaware limited liability company
Western Pacific Housing-Broadway, LLC, a Delaware limited liability company
Western Pacific Housing-Canyon Park, LLC, a Delaware limited liability company
Western Pacific Housing-Carmel, LLC, a Delaware limited liability company
Western Pacific Housing-Xxxxxxxx, LLC, a Delaware limited liability company
Western Pacific Housing-Communications Hill, LLC, a Delaware limited liability company
Western Pacific Housing-Copper Canyon, LLC, a Delaware limited liability company
Western Pacific Housing-Creekside, LLC, a Delaware limited liability company
Western Pacific Housing-Xxxxxx City, L.P., a California limited partnership
Western Pacific Housing-Del Xxxxx, LLC, a Delaware limited liability company
Western Pacific Housing-Lomas Verdes, LLC, a Delaware limited liability company
Western Pacific Housing-Lost Hills Park, LLC, a Delaware limited liability company
Western Pacific Housing-XxXxxxxxx Canyon, LLC, a Delaware limited liability company
Western Pacific Housing-Mountaingate, L.P. a California limited partnership
Western Pacific Housing-Norco Estates, LLC, a Delaware limited liability company
Western Pacific Housing — Oso, L.P., a California limited partnership
Western Pacific Housing-Pacific Park II, LLC, a Delaware limited liability company
Western Pacific Housing-Park Avenue East, LLC, a Delaware limited liability company
Western Pacific Housing-Park Avenue West, LLC, a Delaware limited liability company
Western Pacific Housing-Playa Vista, LLC, a Delaware limited liability company
Western Pacific Housing-Poinsettia, L.P., a California limited partnership
Western Pacific Housing-River Ridge, LLC, a Delaware limited liability company
Western Pacific Housing-Robinhood Ridge, LLC, a Delaware limited liability company
Western Pacific Housing-Santa Fe, LLC, a Delaware limited liability company
Western Pacific Housing-Scripps II, LLC, a Delaware limited liability company
Western Pacific Housing — Scripps, L.P., a California limited partnership
Western Pacific Housing — Seacove, L.P., a California limited partnership
Western Pacific Housing-Studio 528, LLC, a Delaware limited liability company
Western Pacific Housing-Terra Bay Duets, LLC, a Delaware limited liability company
Western Pacific Housing-Torrance, LLC, a Delaware limited liability company
Western Pacific Housing-Torrey Commercial, LLC, a Delaware limited liability company
Western Pacific Housing-Xxxxxx Xxxxxxx, LLC, a Delaware limited liability company
Western Pacific Housing-Torrey Multi-Family, LLC, a Delaware limited liability company
Western Pacific Housing-Torrey Village Center, LLC, a Delaware limited liability company
Western Pacific Housing-Vineyard Terrace, LLC, a Delaware limited liability company
Western Pacific Housing-Windemere, LLC, a Delaware limited liability company
Western Pacific Housing — Windflower, L.P., a California limited partnership
WPH-Camino Xxxx, LLC, a Delaware limited liability company
DRH Regrem XI, Inc. a Delaware corporation
DRH Regrem XII, LP, a Texas limited partnership
ADDITIONAL GUARANTORS as of June 13, 2006
DRH Regrem XIII, Inc., a Delaware corporation
DRH Regrem XIV, Inc., a Delaware corporation
DRH Regrem XV, Inc., a Delaware corporation
DRH Regrem XVI, Inc., a Delaware corporation
DRH Regrem XVII, Inc., a Delaware corporation
DRH Regrem XVIII, Inc., a Delaware corporation
DRH Regrem XIX, Inc., a Delaware corporation
DRH Regrem XX, Inc., a Delaware corporation
DRH Regrem XXI, Inc., a Delaware corporation
DRH Regrem XXII, Inc., a Delaware corporation
DRH Regrem XXIII, Inc., a Delaware corporation
DRH Regrem XXIV, Inc., a Delaware corporation
DRH Regrem XXV, Inc. (f/k/a X.X. Xxxxxx, Inc. — Los Angeles), a Delaware corporation
