EXHIBIT 10.8.2
SECOND AMENDMENT TO THE
SHORT TERM INVESTMENT AGREEMENT
This SECOND AMENDMENT ("Amendment") is dated as of May 1, 2004, by and between
WFS FINANCIAL INC, a California corporation ("WFS"), and WESTERN FINANCIAL BANK,
a federally chartered savings bank fka Western Financial Savings Bank. F.S.B.
(the "Bank"), and amends the SHORT TERM INVESTMENT AGREEMENT ("Agreement")
entered into by the parties on January 1, 1996, pursuant to certain short-term
investment services provided by the Bank to WFS.
RECITALS
A. The Agreement is being amended as follows:
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. The following sentences are to be added to the end of Clause 3 of the
Agreement:
"Interest shall be due and payable (i) on the tenth calendar day of each
month (or if such day is not a business day, on the next business day
thereafter) for the preceding month, and (ii) at termination of this
Agreement. In the event that the Bank fails to pay interest when due, the
Bank will increase the investment of WFS by such amount, which amount
shall be deemed an additional investment by WFS hereunder."
2. Except as specifically amended herein, all terms of the Agreement as
previously amended by the First amendment to the Agreement 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 WESTERN FINANCIAL BANK
_________________________________ _______________________________
Xxxx Xxxxx, Senior Vice President Xxx X. Xxxxxxxx,
Senior Executive Vice President
and Chief Financial Officer
