AMENDMENT NO. 7 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • January 11th, 2011 • Franklin Credit Holding Corp/De/ • Finance services • Ohio
THIS AMENDMENT NO. 7 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Amendment”), is dated January 7, 2011 and effective as of the 31st day of December, 2010 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT ASSET CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”), Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK (“Lender”). This Amendment further amends and modifies a certain First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008 (as amended, restated, supplemented or otherwise modified from time to time prior to the Amendment Effective Date, the “Forbearance Agreement”) by and among the parties hereto and certain other parties to such Forbearance Agreement. All capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance
FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • January 4th, 2008 • Franklin Credit Management Corp/De/ • Finance services • Ohio
THIS FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Agreement”) is entered into as of the 28th day of December, 2007, (the “Forbearance Effective Date”) by and among THE BORROWERS listed on Schedule 1 hereto (each, a “Borrower” and collectively, the “Borrowers”), FRANKLIN CREDIT MANAGEMENT CORPORATION, a Delaware corporation, in its capacity as a borrower under the Franklin Warehousing Agreement and Franklin Term Loan Agreement (each as defined below),as account party for certain letters of credit, as Guarantor hereunder and as servicer (“FCMC” or “Guarantor”), and THE HUNTINGTON NATIONAL BANK (“Huntington” or “Lender”).
AMENDMENT NO. 5 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • June 28th, 2010 • Franklin Credit Holding Corp/De/ • Finance services • Ohio
THIS AMENDMENT NO. 5 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Amendment”), is effective as of the 28th day of June, 2010 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT ASSET CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”), Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK (“Lender”). This Amendment further amends and modifies a certain First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008 (as amended, restated, supplemented or otherwise modified from time to time prior to the Amendment Effective Date, the “Forbearance Agreement”) by and among the parties hereto and certain other parties to such Forbearance Agreement. All capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance Agreement. Franklin Asset, Hol
AMENDMENT NO. 3 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • November 16th, 2009 • Franklin Credit Holding Corp/De/ • Finance services • Ohio
THIS AMENDMENT NO. 3 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Amendment”), is effective as of the 30th day of September, 2009 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT ASSET CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”), Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK (“Lender”). This Amendment further amends and modifies a certain First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008 (the “Forbearance Agreement”) by and among the parties hereto and certain other borrowers party to such Forbearance Agreement. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance Agreement. Franklin Asset, Holding and each Static Loan Borrower (as defined below) shall be individually an “Amendment Loan Party”and together the “Amendment
AMENDMENT NO. 2 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • August 14th, 2009 • Franklin Credit Holding Corp/De/ • Finance services • Ohio
THIS AMENDMENT NO. 2 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Amendment”), is effective as of the 10th day of August, 2009 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT ASSET CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”), Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK (“Lender”). This Amendment further amends and modifies a certain First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008 (the “Forbearance Agreement”) by and among the parties hereto and certain other borrowers party to such Forbearance Agreement. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance Agreement. Franklin Asset, Holding and each Static Loan Borrower (as defined below) shall be individually an “Amendment Loan Party” and together the “Amendment L
FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • December 24th, 2008 • Franklin Credit Management Corp/De/ • Finance services • Ohio
THIS FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Agreement”) is entered into as of the 19th day of December, 2008 (the “Forbearance Effective Date”) by and among THE BORROWERS listed on Schedule 1 hereto (each, a “Borrower” and collectively, the “Borrowers”), FRANKLIN CREDIT MANAGEMENT CORPORATION, a Delaware corporation (“FCMC”), in its capacity as account party for certain Letters of Credit (as defined below), as a Guarantor and as servicer, FRANKLIN CREDIT ASSET CORPORATION, a Delaware corporation (“Franklin Asset”), as a Borrower, FRANKLIN CREDIT HOLDING CORPORATION, a Delaware corporation (“Holding”), as a Guarantor, and THE HUNTINGTON NATIONAL BANK (“Huntington” or “Lender”).
AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • April 22nd, 2009 • Franklin Credit Holding Corp/De/ • Finance services • Ohio
THIS AMENDMENT NO. 1 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Amendment”), is effective as of the 20th day of April, 2009 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT MANAGEMENT CORPORATION (“FCMC”), FRANKLIN CREDIT ASSET CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”), Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK (“Lender”). This Amendment amends and modifies a certain First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008 (the “Forbearance Agreement”) by and among the parties hereto and certain other borrowers party to such Forbearance Agreement. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance Agreement. FCMC, Franklin Asset, Holding, and each Static Loan Borrower (as defined below) shall be individually an “Amen
January 3, 2008 Alexander Gordon Jardin Chief Executive Officer Franklin Credit Management CorporationForbearance Agreement and Amendment to Credit Agreements • January 4th, 2008 • Franklin Credit Management Corp/De/ • Finance services
AMENDMENT NO. 4 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTSForbearance Agreement and Amendment to Credit Agreements • March 31st, 2010 • Franklin Credit Holding Corp/De/ • Finance services • Ohio
THIS AMENDMENT NO. 4 TO FIRST AMENDED AND RESTATED FORBEARANCE AGREEMENT AND AMENDMENT TO CREDIT AGREEMENTS (this “Amendment”), is effective as of the 26th day of March, 2010 (the “Amendment Effective Date”), by and among FRANKLIN CREDIT ASSET CORPORATION (“Franklin Asset”), FRANKLIN CREDIT HOLDING CORPORATION (“Holding”), Flow 2006 F CORP., FCMC 2006 M CORP., FCMC 2006 K CORP. and THE HUNTINGTON NATIONAL BANK (“Lender”). This Amendment further amends and modifies a certain First Amended and Restated Forbearance Agreement and Amendment to Credit Agreements, dated as of December 19, 2008 (as amended, restated, supplemented or otherwise modified from time to time prior to the Amendment Effective Date, the “Forbearance Agreement”) by and among the parties hereto and certain other parties to such Forbearance Agreement. All capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the Forbearance Agreement. Franklin Asset, Ho
