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EXHIBIT 10.8
AMENDMENT NUMBER 1 TO
AMENDED AND RESTATED TRANSFER AND ADMINISTRATION AGREEMENT
AMENDMENT NUMBER 1 TO AMENDED AND RESTATED TRANSFER AND
ADMINISTRATION AGREEMENT (this "Amendment"), dated as of January 16, 1997 among
WORLDCOM FUNDING CORPORATION, a Delaware corporation, as transferor (in such
capacity, the "Transferor"), WORLDCOM, INC., a Georgia corporation,
individually, and as collection agent (in such capacity, the "Collection
Agent"), ENTERPRISE FUNDING CORPORATION, a Delaware corporation (the
"Company"), SHEFFIELD RECEIVABLES CORPORATION ("Sheffield") and NATIONSBANK,
N.A., as Agent and Bank Investor, amending that certain Amended and Restated
Transfer and Administration Agreement dated as of December 31, 1996 (the
"Transfer and Administration Agreement").
WHEREAS, the Transferor, the Collection Agent, Sheffield,
NationsBank, N.A. and the Company have agreed to make certain amendments to the
Transfer and Administration Agreement.
NOW, THEREFORE, the parties hereby agree as follows:
SECTION 1. Defined Terms. As used in this Amendment, capitalized
terms shall have the same meanings assigned thereto in the Transfer and
Administration Agreement.
SECTION 2. Termination Events. Section 7.1(o) of the Transfer and
Administration Agreement is hereby amended by changing the percentage stated in
the third line thereof from 10% to 12%.
SECTION 3. Limited Scope. This amendment is specific to the
circumstances described above and does not imply any future amendment or waiver
of rights allocated to the Company, the Transferor, WorldCom, Inc. the
Collection Agent, Sheffield, the Agent or any Bank Investor under the Transfer
and Administration Agreement.
SECTION 4. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
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SECTION 5. Severability; Counterparts. This Amendment may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which when taken together shall constitute one and the same
instrument. Any provisions of this Amendment which are prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.
SECTION 6. Ratification. Except as expressly affected by the
provisions hereof, the Transfer and Administration Agreement as amended shall
remain in full force and effect in accordance with its terms and ratified and
confirmed by the parties hereto. On and after the date hereof, each reference
in the Transfer and Administration Agreement to "this Agreement", "hereunder",
"herein" or words of like import shall mean and be a reference to the Transfer
and Administration Agreement as amended by this Amendment.
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IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Amendment Number 1 as of the date first written above.
ENTERPRISE FUNDING CORPORATION,
as Company
By: /s/ XXXXXXX X. XXXXXX
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Name: Xxxxxxx X. Xxxxxx
Title: Vice President
WORLDCOM FUNDING CORPORATION
as Transferor
By: /s/ Xxxxx X. Xxxxx
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Name: Xxxxx X. Xxxxx
Title:
WORLDCOM, INC. individually
and as Collection Agent
By: /s/ Xxxxx X. Xxxxxxxx
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Name: Xxxxx X. Xxxxxxxx
Title: CFO and Secretary
SHEFFIELD RECEIVABLES CORPORATION
By Barclays Bank PLC
as Attorney-in-fact
By: /s/ Xxxxxx Xxxxxxx
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Name: Xxxxxx Xxxxxxx
Title: Associate Director
NATIONSBANK, N.A
as Agent and Bank Investor
By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
Title: Investment Banking Officer
