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THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Revolving Credit Agreement

THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT | Document Parties: CRYSTAL RIVER CAPITAL, INC. | BROOKFIELD US CORPORATION You are currently viewing:
This Revolving Credit Agreement involves

CRYSTAL RIVER CAPITAL, INC. | BROOKFIELD US CORPORATION

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Title: THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
Governing Law: New York     Date: 3/3/2009
Industry: Misc. Financial Services     Sector: Financial

THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT, Parties: crystal river capital  inc. , brookfield us corporation
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Exhibit 10.4(d)

 

THIRD AMENDMENT TO
AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

 

THIS THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this “ Amendment ”) is made as of the 26th day of February, 2009, between Crystal River Capital, Inc. , a Maryland corporation (“ Borrower ”), and Brookfield US Corporation, f/k/a Brascan (US) Corporation (“ Lender ”).

 

W   I   T   N   E   S   S   E   T   H :

 

WHEREAS, Borrower and Lender are parties to that certain Amended and Restated Revolving Credit Agreement dated as of November 8, 2007, as amended pursuant to that certain First Amendment to Amended and Restated Revolving Credit Agreement dated as of March 7, 2008, as further amended by that Second Amendment to Amended and Restated Revolving Credit Agreement dated as of August 7, 2008 (as further amended, restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”; unless otherwise defined herein, all capitalized terms used in this Amendment shall have the meanings ascribed to such terms in the Credit Agreement); and

 

WHEREAS, Borrower and Lender desire to amend the Credit Agreement as hereinafter set forth;

 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.                                        Amendments to the Credit Agreement .

 

(a)                                   Section 1.2 of the Credit Agreement is hereby modified and amended, effective as of December 31, 2008, by deleting the definitions of “ Adjusted Net Portfolio Value ”, “ Net Worth ” and “ Qualified Subordinated Debt ” in their entirety.

 

(b)                                  Section 1.2 of the Credit Agreement is hereby further modified and amended by deleting the following paragraph:

 

““ Maximum Advance Amount ” shall mean $100,000,000.”

 

and replacing it with the following:

 

““ Maximum Advance Amount ” shall mean $50,000,000.”

 

(c)                                   Section 5.4 of the Credit Agreement is hereby amended and restated in its entirety as follows, effective as of December 31, 2008, as follows:

 

1



 

“5.4                            [Reserved ].”

 

(d)                                  Section 12.1 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

“12.1                      Term . This Agreement, which shall inure to the benefit of and shall be binding upon the respective successors and permitted assigns of Borrower and Brascan, shall become effective on the date hereof and shall continue in full force and effect until May 15, 2010 (the “Term”) unless sooner terminated as herein provided.”

 

2.                                        Conditions of Effectiveness .  This Amendment shall become effective as of the date hereof when, and only when, Lender shall have received:

 

(a)                                   a counterpart of this Amendment duly executed by Borrower; and

 

(b)                                  such other information, documents, instruments or approvals as Lender or Lender’s counsel may require.

 

3.                                        Representations and Warranties of Borrower .  Borrower represents and warrants as follows:

 

(a)                                   Borrower is a corporation duly organized, validly existing and in good standing under the laws of the


 
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