GREENWOOD FINANCIAL INC. FIRST AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN AGREEMENT AND FIRST AMENDMENT TO SECURITY AGREEMENTRevolving Credit Loan Agreement • February 12th, 2009 • Orleans Homebuilders Inc • Operative builders
This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT LOAN AGREEMENT AND FIRST AMENDMENT TO SECURITY AGREEMENT (this “Amendment”) is dated as of February 11, 2009 and entered into by and among GREENWOOD FINANCIAL INC., a Delaware corporation (“Master Borrower”), the entities identified on Schedule A attached hereto (together with the Master Borrower, the “Borrowers”), Orleans Homebuilders, Inc. (the “Guarantor”, and together with the Borrowers, the “Obligors”), the financial institutions listed on the signature pages hereof (“Lenders”) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent for Lenders (“Agent”), and is made with reference to (i) that certain Second Amended and Restated Revolving Credit Loan Agreement dated as of September 30, 2008 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”), by and among Obligors, Lenders and Agent and (ii) that certain Security Agreement dated as of September 30, 2008 (as
