As of March 13, 2009
EXHIBIT
10.1.8
As of
March 13, 2009
Charming
Shoppes Receivables Corp.
0000
Xxxxxxxxxx Xxxx
Xxxxxxxxxx,
Xxxxxxxx 00000
Spirit of
America, Inc.
0000
Xxxxx Xxxxx
Xxxxxxx,
Xxxx 00000
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Re:
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Charming
Shoppes Master Trust Class A Floating
Rate
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Asset Backed Certificates, Series 1999-2 |
Ladies
and Gentlemen:
Reference
is made to the Certificate Purchase Agreement, dated as of May 28, 1999 (as
amended prior to the date hereof and as it may be amended or otherwise modified
from time to time, the “Certificate Purchase
Agreement”), among Charming Shoppes Receivables Corp., as the Seller and
as the Class B Purchaser, Spirit of America, Inc., as the Servicer, Clipper
Receivables Company, LLC, as the Class A Purchaser, and State Street Global
Markets, LLC, as Administrator for the Class A Purchaser. Capitalized
terms used in this letter and not defined herein shall have the meanings
assigned thereto in the Certificate Purchase Agreement.
Each of
CSRC, the Class A Purchaser and the Administrator agrees that clause (i) of the
definition of “Purchase Expiration Date” set forth in Section 1.01 of the
Certificate Purchase Agreement is hereby amended in its entirety to read as
follows: “(i) March 30, 2010, and”.
Upon the
execution of this letter agreement, each reference in the Agreement and each
other Series Document to “this Agreement” or the “Certificate Purchase
Agreement” or references of like import shall mean and be a reference to the
Certificate Purchase Agreement as amended hereby. Except as specifically amended
above, the Certificate Purchase Agreement and all other documents, instruments
and agreements executed and/or delivered in connection therewith shall remain in
full force and effect and are hereby ratified and confirmed.
This
letter agreement shall be binding upon and inure to the benefit of each of the
parties hereto and their respective successors and assigns. This
letter agreement shall be governed by, and construed in accordance with, the
internal laws of the State of New York, without regard to its principles of
conflicts of laws. This letter may be executed by the different
parties on different counterparts, each of which shall constitute an original,
but all of which together shall constitute one and the same
agreement.
Please
indicate your acceptance of the terms of this letter agreement by signing a copy
thereof where indicated below and returning it to my attention.
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Sincerely
yours,
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CLIPPER
RECEIVABLES COMPANY, LLC,
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as
the Class A Purchaser
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By: _________________
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Name:
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Title:
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STATE
STREET GLOBAL MARKETS, LLC,
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as
the Administrator
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By: _________________
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Name: Xxxxxx
Xxxxxxxx
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Title: Senior
Vice President
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S-1
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Charming
Shoppes Series 1999-2
Letter
Agreement
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CHARMING
SHOPPES RECEIVABLES CORP.,
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as
the Seller and as the Class B Purchaser
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By: ______________
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Name: Xxxx
X. Xxxxx
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Title: Vice
President
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SPIRIT
OF AMERICA, INC.
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as
the Servicer
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By: ______________
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Name: Xxxx
X. Xxxxx
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Title: Vice
President
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S-2
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Charming
Shoppes Series 1999-2
Letter
Agreement
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Acknowledged
and Agreed:
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STATE
STREET BANK & TRUST COMPANY,
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as
Liquidity Agent and Purchaser
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By: ___________________
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Name: Xxxxxx
Xxxxxxxx
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Title: Vice
President
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S-3
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Charming
Shoppes Series 1999-2
Letter
Agreement
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