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Exhibit 10.49
EXECUTION COPY
AMENDMENT NO. 8
TO RECEIVABLES PURCHASE
AND SERVICING AGREEMENT
AMENDMENT NO. 8 TO RECEIVABLES PURCHASE AND SERVICING AGREEMENT
("Amendment No. 8"), dated as of March 2, 1999, by and among U.S. HOMECARE
FUNDING CORPORATION, a Delaware corporation (the "Seller"), THE CHASE MANHATTAN
BANK (together with its successors and assigns, the "Purchaser"), and as Advisor
(the "Advisor"), U.S. HOMECARE CORPORATION, a New York corporation, in its
individual capacity (as such, together with its successors and assigns, the
"Parent") and as servicer (together with its successors and permitted assigns,
the "Servicer") and each of the Health Care Providers, in their individual
capacities and as Subservicers (the "Health Care Providers").
W I T N E S S E T H:
WHEREAS, the Seller, the Purchaser, the Advisor, the Servicer and the
Health Care Providers have entered into a Receivables Purchase and Servicing
Agreement (the "Facility"), dated as of November 5, 1993, as previously amended
(the "Purchase Agreement");
WHEREAS, all capitalized terms that are used herein and not otherwise
defined shall have the meanings ascribed thereto in the Purchase Agreement; and
WHEREAS, the Seller, the Purchaser, the Advisor, the Health Care
Providers and the Servicer desire to amend the Purchase Agreement to extend the
Termination Date, all as hereinafter set forth;
NOW, THEREFORE, the parties agree as follows:
SECTION 1. Amendments to Article I. The definition of "Termination
Date" is amended by deleting such definition in its entirety and substituting
therefor the following:
"Termination Date" means the earlier of (a) April 5, 1999 or
(b) the date of declaration or automatic occurrence of the
Termination Date pursuant to Section 8.01.
SECTION 2. The Seller will reimburse the Purchaser for all legal
expenses and disbursements in connection with preparation of this Amendment.
Such amounts will be paid by deduction of such amounts from the proceeds payable
to the Seller on the first Receivables Purchase Date following the date of this
Amendment.
SECTION 3. The parties hereby confirm and ratify the terms of the
Purchase Agreement as amended hereby.
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IN WITNESS WHEREOF, the parties have caused this Amendment to Purchase
Agreement to be executed by their respective officers thereunto duly authorized,
as of the date first above written.
U.S. HOMECARE FUNDING CORPORATION,
as Seller
By: ___________________________
Name:
Title: Chief Financial Officer
THE CHASE MANHATTAN BANK,
as Purchaser and as Advisor
By: ___________________________
Name:
Title:
U.S. HOMECARE CORPORATION,
as Servicer
By: ___________________________
Name:
Title:
Address:
Attention: President
Telephone number:
Telecopier number:
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U.S. HOMECARE CORPORATION
AFFILIATED HOME CARE OF WESTCHESTER, INC.
U.S. HOMECARE CORPORATION OF NORTHERN WESTCHESTER, INC.
U.S. HOMECARE CORPORATION OF MANHATTAN
U.S. HOMECARE CORPORATION OF THE BRONX
U.S. HOMECARE CERTIFIED CORPORATION OF NEW YORK
U.S. HOMECARE CORPORATION OF ALBANY
U.S. HOMECARE INFUSION THERAPY PRODUCTS CORPORATION
U.S. HOMECARE INFUSION THERAPY SERVICES CORPORATION OF NEW JERSEY
U.S. HOMECARE CORPORATION OF CONNECTICUT
U.S. HOMECARE CERTIFIED CORPORATION OF CONNECTICUT
U.S. HOMECARE CORPORATION OF PENNSYLVANIA
U.S. HOMECARE CERTIFIED CORPORATION OF PENNSYLVANIA
By: ___________________________
Name:
Title:
Address:
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