Exhibit 10.3
AMENDMENT AGREEMENT NO. 6
AMENDMENT AGREEMENT NO. 6 , dated as of May 8, 2009 (this “ Agreement ”), to the Revolving Credit Agreement,
dated as of October 24, 2006, as amended as of March 16, 2008, as of April 24, 2008, as of March 16, 2009, as of April 14, 2009
and as of April 29, 2009 (as so amended, the “ Credit Agreement ”), among The PMI Group, Inc., a Delaware corporation (the “
Borrower ”), the lenders referred to therein (the “ Lenders ”) and Bank of America, N.A., as Administrative Agent (in such
capacity, together with any successor in such capacity, the “ Administrative Agent ”).
INTRODUCTORY STATEMENTS
All capitalized terms not otherwise defined in this Agreement but used herein and found in the Credit Agreement shall
have the meaning given them in the Credit Agreement. All capitalized terms not otherwise defined in this Agreement or the
Credit Agreement but used herein and found in the “Amended and Restated Credit Agreement” (as defined in Section 5 of this
Agreement) shall have the meaning given them in the Amended and Restated Credit Agreement (even though the same has not
become effective as provided herein), and, accordingly, such definitions from the Amended and Restated Credit Agreement are
hereby incorporated by reference herein (notwithstanding that the Restatement Effective Date has not occurred) for the limited
purpose of defining such capitalized terms in this Agreement.
The Borrower has requested that the Lenders agree to amend certain provisions of the Credit Agreement as hereinafter set
forth.
Subject to the terms and conditions hereof, the Lenders signatory to this Agreement are willing to agree to such
amendments, but only upon the terms and conditions set forth herein.
In consideration of the mutual agreements contained herein and other good and valuable consideration the receipt of
which is hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1. Initial Modifications of the Credit Agreement .
(A) Section 7.06(a) of the