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EXHIBIT 10.9.1
FIRST AMENDMENT TO THE
REVOLVING LINE OF CREDIT AGREEMENT
This FIRST AMENDMENT ("Amendment") is dated as of August 1, 1999, by and between
WFS FINANCIAL INC, a California corporation ("WFS"), and WESTERN FINANCIAL BANK,
a federally-chartered savings bank (the "Bank"), and amends the REVOLVING LINE
OF CREDIT AGREEMENT ("Agreement") entered into by the parties on June 15, 1999.
RECITALS
A. The Agreement is being amended to reflect a change in the interest
spread for secured .
AGREEMENT
In consideration of the mutual promises set forth herein, and in
reliance upon the recitals set forth above, the parties agree as follows:
1. CERTAIN DEFINITIONS
The definition of "INTEREST SPREAD" is hereby amended as follows:
"INTEREST SPREAD" shall mean (i) one and one-eighth percent (1.125)
with respect to any Obligations not secured by Collateral acceptable to
the Bank in its sole discretion, and (ii) three-eighths of one percent
(.375) with respect to any Obligations secured by Collateral acceptable
to the Bank in its sole discretion.
Except as specifically amended herein, all terms of the Agreement as
previously amended shall remain in full force and effect. Wherefore, the
undersigned have executed this Amendment on the date set forth below to be
effective as of the date first set forth above.
WFS FINANCIAL INC
/s/ XXXXXX X. XXXXX
-------------------------------- October 26, 1999
Xxxxxx X. Xxxxx, President
WESTERN FINANCIAL BANK
/s/ XXX X. XXXXXXXX
-------------------------------- October 26, 1999
Xxx X. Xxxxxxxx, Executive Vice President
and Chief Financial Officer
