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EXHIBIT (B)(3)
SECOND AMENDMENT TO CREDIT AGREEMENT
SECOND AMENDMENT (this "Second Amendment"), dated as of
October 27, 1997, among the entities listed on the signature pages
hereto (each a "Borrower" and collectively the "Borrowers") and
DEUTSCHE BANK AG NEW YORK BRANCH, (together with its successors and
assigns, the "Bank"; all capitalized terms used herein and not
otherwise defined shall have the respective meanings provided in the
Credit Agreement referred to below).
WITNESSETH:
WHEREAS, the Borrowers and the Bank are parties to a Credit
Agreement, dated as of May 22, 1996, as amended to date, (the "Credit
Agreement");
WHEREAS, the Borrowers and the Bank wish to amend the Credit
Agreement as herein provided.
NOW, THEREFORE. it is agreed:
11. The definition of "Expiry Date" is hereby deleted in its
entirety and replaced with the following:
"Expiry Date" shall mean December 31, 1997.
12. In order to induce the Bank to enter into this Second
Amendment, (a) each Borrower hereby makes each of the representations,
warranties and agreements contained in Section 5 of the Credit
Agreement on the Amendment date, after giving effect to this Second
Amendment and (b) represents that no Default or Event of Default exists
or shall exist after giving effect to this Second Amendment.
13. This Second Amendment is limited as specified and shall
not constitute a modification, acceptance or waiver of any other
provision of either the Credit Agreement or any other Credit Documents.
14. This Second Amendment may be executed in any number of
counterparts and by the different parties hereto on separate
counterparts, each of which counterparts when executed and delivered
shall be an original, but all of which shall together constitute one
and
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the same instrument. A complete set of counterparts shall be lodged
with the Borrowers and the Bank.
15. This Second Amendment and the rights and obligations of
the parties hereunder and thereunder shall be construed in accordance
with and be governed by the laws of the State of New York.
16. This Second Amendment shall become effective on the date
(the "Amendment Date") when the Borrowers and the Bank shall have
signed a copy hereof (whether the same or different copies) and shall
have delivered (including by way of telecopier) the same to the Bank at
its Notice Office.
IN WITNESS WHEREOF, the parties hereto have caused their duly
authorized officers to execute and deliver this First Amendment as of the date
first above written.
Address:
Sierra Prime Income Fund. SIERRA PRIME INCOME FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
Short Term High Quality Bond Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 OF SHORT TERM HIGH QUALITY XXXX
Xxxxxxxxxx, XX 00000 FUND
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
Short Term Global Government SIERRA TRUST FUNDS, ON BEHALF
Fund OF SHORT TERM GLOBAL
0000 Xxxxxx Xxxxxx, Xxxxx 000 XXXXXXXXXX XXXX
Xxxxxxxxxx. XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
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Address:
California Insured Intermediate Municipal SIERRA TRUST FUNDS, ON BEHALF
Fund CALIFORNIA INSURED INTERMEDIATE
0000 Xxxxxx Xxxxxx, Xxxxx 000 XXXXXXXXX XXXX
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
National Municipal Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx. Xxxxx 000 OF NATIONAL MUNICIPAL FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
Growth and Income Fund SIERRA TRUST FUNDS, ON BEHALF OF
0000 Xxxxxx Xxxxxx, Xxxxx 000 OF GROWTH AND INCOME FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
Growth Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 XX XXXXXX XXXX
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
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Address:
U. S. Government Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 XX X.X. GOVERNMENT FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
Corporate Income Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 OF CORPORATE INCOME FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
California Municipal Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 XX XXXXXXXXXX MUNICIPAL FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
Florida Insured Municipal Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 XX XXXXXXX INSURED MUNICIPAL FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address:
Emerging Growth Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 OF EMERGING GROWTH FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
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Address:
International Growth Fund SIERRA TRUST FUNDS, ON BEHALF
0000 Xxxxxx Xxxxxx, Xxxxx 000 OF INTERNATIONAL GROWTH FUND
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
DEUTSCHE BANK AG
NEW YORK BRANCH
By: /s/ Xxxxxx X. Xxxxxxxxx
--------------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Assistant Vice President
By: /s/ Xxxxx X. Xxxx
--------------------------------
Name: Xxxxx X. Xxxx
Title: Assistant Vice President
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