0001047469-04-037901 Sample Contracts

FIRST AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT OF GCO ELF LLC
Gco Elf LLC • December 21st, 2004 • Asset-backed securities

This FIRST AMENDMENT (this "Amendment") TO LIMITED LIABILITY COMPANY AGREEMENT OF GCO ELF LLC (formerly known as GMAC ELF LLC), a Delaware limited liability company (the "Company") is entered into effective as of this 15thday of December, 2004, by the members ("Members") of the Company. Unless otherwise indicated, all capitalized terms used herein shall have the respective meanings assigned to such terms in the Limited Liability Company Agreement (as hereafter defined).

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FIRST AMENDMENT TO AMENDED AND RESTATED TRUST AGREEMENT by and between GCO ELF LLC, formerly known as GMAC ELF LLC, as Certificateholder and WILMINGTON TRUST COMPANY as Delaware Trustee Dated as of December 1, 2004
Trust Agreement • December 21st, 2004 • Gco Elf LLC • Asset-backed securities • Delaware

THIS FIRST AMENDMENT TO AMENDED AND RESTATED TRUST AGREEMENT, dated as of December 1, 2004 (this "First Amendment"), by and between GCO ELF LLC, formerly known as GMAC ELF LLC, a Delaware limited liability company, as the Certificateholder, and WILMINGTON TRUST COMPANY, a Delaware banking corporation, not in its individual capacity but solely as Delaware Trustee (the "Delaware Trustee"), amends the Amended and Restated Trust Agreement, dated as of March 1, 2003 (the "Original Trust Agreement"), between GMAC ELF LLC, as the initial Certificateholder and Sponsor, and the Delaware Trustee (all capitalized terms used in these preambles, recitals and granting clauses shall have the same meanings assigned thereto in the Original Trust Agreement).

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