Exhibit 10-R-1
AMENDMENT NO. 1
dated as of November 15, 1995 to
SUPPORT AGREEMENT
dated as of October 1, 1993,
between Ford Motor Company ("Ford") and Ford
Credit Europe plc ("Ford Credit Europe")
WHEREAS, Ford and Ford Credit Europe have entered into
the Support Agreement referenced above (the "Support
Agreement") pursuant to which Ford has agreed to maintain a
certain level of its ownership of and the net worth of Ford
Credit Europe through 1996, and Ford Credit Europe has
agreed to continue to make available financing
accommodations to dealers in and of vehicles manufactured or
sold by Ford and other manufacturers; and
WHEREAS, The parties to the Support Agreement desire to
extend its term through the end of calendar year 1999 and
make certain changes to accommodate the potential indirect
ownership by Ford of its interest in Ford Credit Europe.
NOW, THEREFORE, in consideration of the foregoing and
of the mutual agreements hereinafter provided, the parties
hereto agree as follows:
1. The Support Agreement is hereby amended by deleting
the reference to the year "1996" in each of section 2(a) and
section 3 thereof and inserting in its place the year
"1999".
2. Section 2(a) of the Support Agreement shall be
further amended by inserting after the word "make" in the
first line thereof the following parenthetical:
"(or, if its interest in Ford Credit Europe is held through
an affiliate, shall cause such affiliate to make)".
3. Section 2(b) of the Support Agreement shall be
amended by inserting in the first, seventh and eighth lines
thereof after the word "Ford" (but not after "Ford's" in
the seventh line) the following parenthetical: "(or its
affiliate, as the case may be)".
4. The Support Agreement, as amended hereby, shall
remain in full force and effect in accordance with its
terms.
FORD CREDIT EUROPE plc FORD MOTOR COMPANY
By: /s/ Xxxxx X. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxxxx
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Name: Xxxxx X. Xxxxxxxx Name: Xxxxxxx X. Xxxxxxxxx
Title: Treasurer Title: Treasurer
