Exhibit 10.12(e)
AMENDMENT NO. 4 TO
REVOLVING CREDIT AND SECURITY
AGREEMENT
THIS AMENDMENT NO. 4 (the
“Amendment”) is made and entered into as of March 25,
2005 by and among Countrywide Warehouse Lending
(“Lender”), Aames Capital Corporation, Aames Funding
Corporation, Aames Financial Corporation, and Aames Investment
Corporation (collectively, “Borrower”). This Amendment
amends that certain Revolving Credit and Security Agreement by and
between Lender and Borrower dated as of June 26, 2003 (as amended
from time to time, the “Credit Agreement”).
RECITALS
Lender and Borrower have previously
entered into the Credit Agreement pursuant to which Lender may,
from time to time, provide Borrower credit in the form of a
warehouse line secured by residential mortgage loans. Lender and
Borrower hereby agree that the Credit Agreement shall be amended as
provided herein.
In consideration of the mutual
promises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, Lender and Borrower hereby agree as
follows:
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1.
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Notice . Lender and Borrower agree to delete Section
9.4(g) in its entirety and replace it with the
following:
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(g) any demand, whether in the
individual or aggregate, in excess of $50,000,000 by an Investor(s)
or Insurer(s) in any given fiscal quarter for the repurchase of
mortgage loans or indemnification, in addition Borrower shall
provide Lender on a monthly basis its report on outstanding
repurchase demands or indemnification requests from any Investor or
Insurer;
