GREENWOOD FINANCIAL INC. FIRST AMENDMENT TO DEBTOR-IN-POSSESSION LOAN AGREEMENTDebtor-in-Possession Loan Agreement • June 11th, 2010 • Orleans Homebuilders Inc • Operative builders
This FIRST AMENDMENT TO DEBTOR-IN-POSSESSION LOAN AGREEMENT (this “Amendment”) is dated as of June 7, 2010 and entered into by and among GREENWOOD FINANCIAL INC., a Delaware corporation (“Master Borrower”), ORLEANS HOMEBUILDERS, INC. (“Parent”), each of the other Subsidiaries of Parent identified on Schedule A attached hereto as borrowers (together with Master Borrower and Parent, each a “Borrower” and, collectively, the “Borrowers”), the financial institutions listed on the signature pages hereof (“Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for Lenders (“Agent”), and is made with reference to that certain Debtor-in-Possession Loan Agreement dated as of April 21, 2010, by and among Borrowers, the Lenders party thereto and Agent (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Loan Agreement.
