THE CHASE MANHATTAN BANK, as Indenture Trustee SERIES 1999-2 INDENTURE SUPPLEMENT dated as of October 28, 1999Membership Interest Purchase Agreement • March 29th, 2002 • Greyhound Funding LLC • Services-business services, nec
GUARANTEE OF PHH CORPORATIONGreyhound Funding LLC • March 29th, 2002 • Services-business services, nec
PHH CORPORATION, a Maryland corporation, hereby agrees to unconditionally and irrevocably guarantee to Raven Funding LLC, a Delaware limited liability company (the "SPV"), and to each assignee and pledgee of the SPV, and Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as the SUBI Trustee (the "SUBI Trustee" and together with the SPV and each assignee and pledgee of the SPV, the "Payees") the due and punctual payment and performance of all obligations of PHH Vehicle Management Services, LLC ("VMS") pursuant to the Sold SUBI Supplement 1999-1 to Servicing Agreement, dated as of June 30, 1999, as amended by Amendment No. 1 to the Sold SUBI Supplement 1999-1, dated as of October 28, 1999, among D.L. Peterson Trust, the SUBI Trustee, the SPV and VMS (as may be further amended, modified or supplemented from time to time, the "Servicing Supplement").
