EXHIBIT 10.34
2
3
Doc#:DS3:499379.1 31-073
Doc#:DS3:499379.1 31-073
EXECUTION COPY
AMENDMENT NO. 1 TO
SERIES 1996-1 SUPPLEMENT
AMENDMENT No. 1, dated as of November 29, 1996 (this
"Amendment"), to the Series 1996-1 Supplement, dated as of August
1, 1996 (the "Series 1996-1 Supplement"), among Specialty Foods
Finance Corporation, a Delaware corporation (the "Company"),
Specialty Foods Corporation, a Delaware corporation, as master
servicer (the "Master Servicer"), The Chase Manhattan Bank, as
initial VFC Certificateholder (the "Initial VFC
Certificateholder"), and The Chase Manhattan Bank, as trustee (in
such capacity, the "Trustee"), which supplements the Pooling
Agreement, dated as of November 16, 1994 (the "Pooling
Agreement"), among the Company, the Master Servicer and the
Trustee.
W I T N E S S E T H :
WHEREAS, the Company, the Master Servicer, the Initial
VFC Certificateholder and the Trustee wish to amend the Series
1996-1 Supplement in the manner provided for in this Amendment.
NOW, THEREFORE, the parties hereto hereby agree as
follows:
1. Defined Terms. Unless otherwise defined herein,
terms defined in the Pooling Agreement or the Series 1996-1
Supplement, as the case may be, shall have their defined meanings
when used herein.
2. Amendment of Section 1.1. The definition of
"Scheduled Termination Date" is amended by deleting the text,
"December 1, 1996" and substituting in its place the text,
"December 16, 1996".
3. Conditions to Effectiveness. This Amendment shall
become effective upon receipt by the Trustee of:
a. a counterpart hereof, duly executed and
delivered by each of the Company, the Master Servicer, the
Initial VFC Certificateholder and the Trustee;
b. a consent to this Amendment, in the form of
Annex A, from the Enhancement Provider;
c. an Officer's Certificate of a Responsible
Officer of the Company certifying that this Amendment shall
not adversely affect the interests of the VFC
Certificateholders;
d. an Opinion of Counsel by Xxxx, Weiss, Rifkind,
Xxxxxxx & Xxxxxxxx opining that (i) this Amendment is
authorized pursuant to the Pooling Agreement and the Series
1996-1 Supplement and (ii) all conditions precedent to the
execution, delivery and performance of this Amendment are
satisfied in full; and
e. written confirmation from each of Standard &
Poor's Corporation and Xxxxx'x Investors Service Inc.
stating that the execution and delivery of this Amendment
will not result in a reduction or withdrawal of the rating
of the Term Certificates.
4. Continuing Effect of Series 1996-1 Supplement.
Except as expressly amended, modified and supplemented hereby,
the provisions of the Series 1996-1 Supplement are and shall
remain in full force and effect.
5. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL
BE DETERMINED IN ACCORDANCE WITH SUCH LAW.
6. Counterparts. This Amendment may be executed in
two or more counterparts (and by different parties on separate
counterparts), each of which shall be an original, but all of
which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have caused this
Amendment to be duly executed by their respective officers as of
the day and year first above written.
SPECIALTY FOODS FINANCE CORPORATION
By:/s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Vice President & Treasurer
SPECIALTY FOODS CORPORATION, as
Master Servicer
By:/s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Vice President & Treasurer
THE CHASE MANHATTAN BANK, as
Trustee
By: /s/Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Trust Officer
THE CHASE MANHATTAN BANK, as
Initial VFC Certificateholder
By:/s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: Vice President
ANNEX A
[FORM OF CONSENT]
The Chase Manhattan Bank,
as Trustee
000 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Structured Finance Services (ABS)
Dear Sirs:
We refer to Amendment No. 1, dated as of November 29,
1996 (the "Amendment"), to the Series 1996-1 Supplement, dated as
of August 1, 1996 (the "Series 1996-1 Supplement"), among
Specialty Foods Finance Corporation, a Delaware corporation (the
"Company"), Specialty Foods Corporation, a Delaware corporation,
as master servicer (the "Master Servicer"), The Chase Manhattan
Bank, as initial VFC Certificateholder (the "Initial VFC
Certificateholder"), and The Chase Manhattan Bank, as trustee (in
such capacity, the "Trustee"), which supplements the Pooling
Agreement, dated as of November 16, 1994 (the "Pooling
Agreement"), among the Company, the Master Servicer and the
Trustee. We hereby certify that we have been given adequate
notice pursuant to Section 9.5 of the Series 1996-1 Supplement
and Section 10.1 of the Pooling Agreement.
We hereby consent to the execution and delivery by the
Company, the Master Servicer, the Initial VFC Certificateholder
and the Trustee of, and the changes effected to the Series 1996-1
Supplement by, the Amendment (substantially in the form
previously distributed to us).
Sincerely,
CAPITAL MARKETS ASSURANCE
CORPORATION, as Enhancement
Provider
By:________________________________
Name:
Title:
Dated: November __, 1996
