ContractModify Loan Agreement Agreement • May 5th, 2020 • California
EX-10.1 3 dex101.htm AGREEMENT TO MODIFY LOAN AGREEMENT AGREEMENT TO MODIFY LOAN AGREEMENT PROMISSORY NOTE AND DEED OF TRUST THIS AGREEMENT TO MODIFY LOAN AGREEMENT, PROMISSORY NOTE AND DEED OF TRUST (“Agreement”), dated as of September 18, 2002, by and between WILLIAM LYON HOMES, INC., a California corporation (“Borrower”), and CALIFORNIA BANK & TRUST, a California banking corporation (“Lender”), with reference to the following facts: RECITALS A. Borrower originally agreed to borrow a sum not to exceed Forty Million Dollars ($40,000,000.00) (“Loan”) from Lender for the purpose of providing Borrower with funding for the acquisition and development of residential lots, the construction of existing and future residential home projects, and the issuance of letters of credit for the payment of costs incurred or associated with said projects. The terms and conditions of the Loan are more particularly set forth in that certain Revolving Line Of Credit Loan Agreement (Borrowing Base) dated as
