0001104659-07-075350 Sample Contracts

FIRST AMENDMENT TO CREDIT AGREEMENT
Credit Agreement • October 17th, 2007 • Ryland Group Inc • Operative builders • New York

This FIRST AMENDMENT TO CREDIT AGREEMENT (“Amendment”), dated as of October 17, 2007, among THE RYLAND GROUP, INC., a Maryland corporation (the “Borrower”), the Lenders that are identified on the signature pages hereto and JPMORGAN CHASE BANK, N.A., as Agent (the “Agent”).

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