AMENDMENT NO. 1 TO INVENTORY AND RECEIVABLES REVOLVING CREDIT AGREEMENTInventory and Receivables Revolving Credit Agreement • August 12th, 2005 • Silverleaf Resorts Inc • Real estate agents & managers (for others)
This AMENDMENT NO. 1 TO INVENTORY AND RECEIVABLES REVOLVING CREDIT AGREEMENT (this “Amendment”) is dated as of July 1, 2005 by and among (i) Silverleaf Resorts, Inc., a Texas corporation (the “Borrower”), (ii) Sovereign Bank, a federally chartered savings bank (“Sovereign”), and any other lending institutions from time to time party thereto (collectively, the “Banks”), and (iii) Sovereign Bank, a federally chartered savings bank, as agent for itself and the other Banks (the “Agent”).
