Exhibit 10.5
DAIWA FINANCE CORPORATION
00 Xxx Xxxx
Xxx Xxxx, XX 00000
December 27, 2000
Midland Credit Management, Inc.
0000 Xxxx Xxxxxxxx Xxxx
Xxxxxxx, XX 00000
Gentlemen:
Reference is made to the Supplement to Servicing Agreement, dated as of May 22, 2000 (the “Supplement”), by and
among West Capital Financial Services Corp., West Capital Receivables Corporation I, Norwest Bank Minnesota,
National Association, and Midland Credit Management, Inc., consented and agreed to be Daiwa Finance Corporation and
SunAmerica Inc. Unless otherwise indicated herein, terms used herein have the meanings specified in the Supplement.
The Servicer, as “Servicer,” Daiwa Finance 'Corporation, as “Parent,” and CCS Receivables Management LLC, as
“Owner,” are parties to a Servicing Agreement, dated as of December 27, 2000 (the “Now Servicing Agreement”).
To give effect to the New Servicing Agreement, pursuant to clause (i) of the second sentence of Section 4,1 of the
Supplement. the Lender is hereby terminating the Servicer without cause, effective as of close of business on
December 26, 2000. For good and valuable consideration, receipt of which is hereby acknowledged by the Servicer, the
Servicer, by acknowledging this letter below, hereby waives the 270-day notice period provided in clause (i) of the
second sentence of Section 4.1 of the Supplement. Notwithstanding such termination, the Servicer shall bc paid all
fees and other amounts dig have accrued for services through December 26, 2000.
DAIWA FINANCE CORPORATION
By: __/s/ H. [illegible]_________________
Title: _Executive Vice President__
Acknowledged and agreed to by:
MIDLAND CREDIT MANAGEMENT, INC.
By: _/s/ Xxxxxxx X. Moser________
Title: ___EVP_______ ________
cc.: West Capital Receivables Corp. I
West Capital Financial Services Corp.
Norwest Bank Minnesota, National Association
SunAmerica Inc.
