AMENDMENT NO. 3 TO LOAN AGREEMENTLoan Agreement • August 11th, 2004 • Sunterra Corp • Real estate dealers (for their own account) • New York
AMENDMENT NO. 3, dated as of July 7, 2004 (this “Amendment”), to that certain Loan Agreement, dated as of July 29, 2002, as amended by Amendment No. 1, dated as of December 20, 2002 and Amendment No. 2, dated as of February 13, 2004 (as amended by Amendments No. 1 and 2, the “Existing Loan Agreement”), among Sunterra Corporation, a Maryland corporation (“Parent”), Borrowers (as defined therein), the Lenders (as defined therein), and Merrill Lynch Mortgage Capital Inc., as administrative agent and collateral agent for the Lenders (in such capacity, “Agent”).
