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EXHIBIT 10.27(c)
AMENDMENT NO. 2 TO MASTER LOAN AND SECURITY AGREEMENT
THIS AMENDMENT NO. 2 TO MASTER LOAN AND SECURITY AGREEMENT (this "Amendment")
dated June 30, 1999 amends the Master Loan and Security Agreement dated as of
February 10, 1999 (the "Loan Agreement"), between Aames Capital Corporation (the
"Borrower") and Greenwich Capital Financial Products, Inc. (the "Lender").
Capitalized terms used herein and not otherwise defined herein shall have the
meanings set forth in the Loan Agreement. The Borrower and the Lender, for good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, enter into this Amendment and agree as follows:
1. AMENDMENT
Effective as of June 30, 1999, Section 7.26(b) of the Loan Agreement is hereby
amended and restated in its entirety as follows:
"By September 30, 1999, the Borrower shall be required to provide
written assurance to the Lender that it is year 2000 compliant; provided
that during the period from September 1, 1999 until the date in
September, 1999 on which such written assurance is received by the
Lender, outstanding Advances under this Loan Agreement may not be
greater than the lesser of (a) the Maximum Committed Amount and (b) the
sum of the outstanding Advances as of August 31, 1999 and $25 million.
The failure of the Borrower to provide satisfactory assurance of year
2000 compliance by September 30, 1999 shall constitute an Event of
Default."
2. REPRESENTATIONS
In order to induce the Lender to execute and deliver this Amendment, the
Borrower hereby represents to the Lender that as of the date hereof, after
giving effect to this Amendment, the Borrower is in full compliance with all of
the terms and conditions of the Loan Agreement and no default or Event of
Default has occurred and is continuing under the Loan Agreement.
3. CONFIRMATION OF COMPLIANCE
The Lender hereby confirms that as of the date hereof the Borrower is in
compliance with the covenant contained in Section 7.18 of the Loan Agreement.
4. MISCELLANEOUS
Except as specifically amended herein, the Loan Agreement shall continue in full
force and effect in accordance with its original terms. Reference to this
specific Amendment need not be made in the Loan Agreement or any other
instrument or document executed in connection therewith, or in any certificate,
letter or communication issued or made pursuant to or with respect to the Loan
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Agreement any reference in any of such items to the Loan Agreement being
sufficient to refer to the Loan Agreement as amended hereby.
IN WITNESS WHEREOF, the Borrower and the Lender have caused this Amendment to be
duly executed and delivered as of the date first above written.
AAMES CAPITAL CORPORATION
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
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Title: EVP & General Counsel
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GREENWICH CAPITAL FINANCIAL
PRODUCTS, INC.
By: /s/ Xxxx X. Xxxxxxxx
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Name: Xxxx X. Xxxxxxxx
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Title: SVP
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