EXHIBIT (k)(5)
FIRST AMENDMENT TO CREDIT AGREEMENT
-----------------------------------
FIRST AMENDMENT (this "Amendment"), dated as of July 30, 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.
W I T N E S S E T H:
-------------------
WHEREAS, the Borrowers and the Bank are parties to a Credit Agreement,
dated as of May 22, 1996 (the "Credit Agreement");
WHEREAS, the Borrowers and the Bank wish to amend the Credit Agreement as
herein provided;
NOW, THEREFORE, it is agreed:
1. The definition of "Expiry Date" is hereby deleted in its entirety and
replaced with the following:
"Expiry Date" shall mean October 28, 1997
2. In order to induce the Bank to enter into this Agreement (a) each
Borrower hereby makes each of the representatives, warranties and agreements
contained in Section 5 of the Credit Agreement on the Amendment Date, after
giving effect to this Amendment and (b) represents that no Default or Event of
Default exists or shall exist after giving effect to this Amendment.
3. This Amendment is limited as specified and shall not constitute a
modification, acceptance or waiver of any provision of either the Credit
Agreement or any other Credit Documents.
4. This 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 the same instrument. A complete set of counterparts shall be lodged with the
Borrowers and the Bank.
5. This Amendment and the rights and obligations of the parties hereunder
shall be construed in accordance with and governed by the laws of the State of
New York.
6. This 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 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
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
Short Term High Quality Bond Fund SHORT TERM HIGH QUALITY BOND
0000 Xxxxxx Xxxxxx, Xxxxx 000 XXXX
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
Short Term Global Government Fund SHORT TERM GLOBAL GOVERNMENT
0000 Xxxxxx Xxxxxx, Xxxxx 000 XXXX
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
-2-
Address: SIERRA TRUST FUNDS, ON BEHALF OF
U.S. Government Fund U.S. GOVERNMENT FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000 /s/ Xxxxx Xxxxx
Telecopier: 000-000-0000 --------------------------------
Name: Xxxxx Xxxxx
Attn: Xxxxx X. Xxxxx Title: Executive Vice President
Chief Financial Officer
Address: SIERRA TRUST FUNDS, ON BEHALF OF
Corporate Income Fund CORPORATE INCOME FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
California Municipal Fund CALIFORNIA MUNICIPAL FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
Florida Insured Municipal Fund FLORIDA INSURED MUNICIPAL FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
-3-
Address: SIERRA TRUST FUNDS, ON BEHALF OF
California Insured Intermediate Municipal CALIFORNIA INSURED INTERMEDIATE
Fund MUNICIPAL FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
National Municipal Fund NATIONAL MUNICIPAL FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
Growth & Income Fund GROWTH & INCOME FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
Growth Fund GROWTH FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
-4-
Address: SIERRA TRUST FUNDS, ON BEHALF OF
Emerging Growth Fund EMERGING GROWTH FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
Address: SIERRA TRUST FUNDS, ON BEHALF OF
International Growth Fund INTERNATIONAL GROWTH FUND
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Telephone: 000-000-0000
Telecopier: 000-000-0000 /s/ Xxxxx Xxxxx
--------------------------------
Attn: Xxxxx X. Xxxxx Name: Xxxxx Xxxxx
Chief Financial Officer Title: Executive Vice President
DEUTSCHE BANK AG NEW YORK
BRANCH
/s/ Xxxxx X. Xxxx
--------------------------------
By: Xxxxx X. Xxxx
Title: Assistant Vice President
/s/ Antou Rodulian
--------------------------------
By:
Title:
-5-
