Exhibit 10.53
EDISON RECEIVABLES COMPANY LLC
11TH FLOOR
000 XXXXX XXXXXX
XXX XXXX, XXX XXXX 00000
September 30, 2002
Xxxxxxx Xxxxx Mortgage Capital Inc.
4 World Xxxxxxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
School Services LLC
c/o Leeds Weld & Co.
000 Xxxxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Amendment to the Amended and Restated Credit and Security
Agreement
Dear Ladies and Gentlemen:
This letter is in regard to that certain Amended and Restated Credit
and Security Agreement, dated as of July 31, 2002 (the "Credit Agreement")
among Edison Receivables Company LLC ("Edison Receivables"), as borrower,
School Services LLC and Xxxxxxx Xxxxx Mortgage Capital Inc. ("MLMC"), as
lenders, and MLMC as agent for the lenders.
The parties hereto hereby agree to change the date set forth in
clause (i) of the definition of "Expiration Date" in the Credit Agreement from
June 30, 2003 to July 15, 2003. The Credit Agreement is hereby accordingly
amended.
It is understood and agreed that except as expressly provided
herein, no term or provision of the Credit Agreement or any other Facility
Document (as defined in the Credit Agreement) is hereby amended, modified or
supplemented, and each term and provision of
Xxxxxxx Xxxxx Mortgage Capital Inc.
School Services LLC
September 30, 2002
Page 2 of 2
the Credit Agreement remains in full force and effect in accordance with the
provisions of the Credit Agreement.
This letter agreement shall be governed by, and construed in
accordance with, the laws of the State of New York.
Please acknowledge your agreement with the foregoing by signing where
indicated below and returning a copy to the undersigned.
Best regards,
EDISON RECEIVABLES COMPANY LLC,
as borrower
By: /s/ Xxxxxxxxxxx X. Xxxxxxxx
______________________________
Name: Xxxxxxxxxxx X. Xxxxxxxx
Title: President
Accepted and Agreed effective as of
the 30th day of September, 2002
XXXXXXX XXXXX MORTGAGE CAPITAL INC.,
in its capacity as lender and agent
By: /s/ Xxxxxx Xxxxxx
_____________________
Name: Xxxxxx Xxxxxx
Title:
SCHOOLS SERVICES LLC,
as lender
By: /s/ Xxxxxx Xxxxxxxxx
______________________
Name: Xxxxxx Xxxxxxxxx
Title: Treasurer
