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Exhibit 10.7
AMENDMENT NO. 11 TO
LOAN FUNDING AND SERVICING AGREEMENT
(VFCC Transaction with ACS Funding Trust I)
THIS AMENDMENT NO. 11 TO LOAN FUNDING AND SERVICING AGREEMENT , dated as of December 30, 2002 (this
" Amendment "), is entered into by and among ACS FUNDING TRUST I, as the borrower (in such capacity, the " Borrower "),
AMERICAN CAPITAL STRATEGIES, LTD., as the servicer (in such capacity, the " Servicer "), certain INVESTORS,
VARIABLE FUNDING CAPITAL CORPORATION, as a lender (in such capacity, a " Lender "), WACHOVIA SECURITIES, INC.
(f/k/a First Union Securities, Inc. and successor-in-interest to First Union Capital Markets Corp.), as the deal agent (in such
capacity, the " Deal Agent "), WACHOVIA BANK, NATIONAL ASSOCIATION (f/k/a First Union National Bank) (" WBNA "),
as a lender (in such capacity, a " Lender ") and as the liquidity agent (in such capacity, the " Liquidity Agent "), WELLS
FARGO BANK MINNESOTA, NATIONAL ASSOCIATION (f/k/a Norwest Bank Minnesota, National Association), as the
collateral custodian (in such capacity, the " Collateral Custodian ") and as the backup servicer (in such capacity, the " Backup
Servicer "), and is acknowledged and agreed to by WACHOVIA BANK, NATIONAL ASSOCIATION (f/k/a First Union
National Bank), as the hedge counterparty (in such capacity, the " Hedge Counterparty "). Capitalized terms used and not
otherwise defined herein shall have the meanings given to such terms in the Agreement (as defined below).
R E C I T A L S
WHEREAS , the parties hereto entered into that certain Loan Funding and Servicing Agreement, dated as of March 31,
1999, as amended by that Amendment No. 1, dated as of June 30, 1999, Amendment No. 2, dated as of September 24, 1999,
Amendment No. 3, dated as of December 14, 1999, Amendment No. 4, dated as of June 16, 2000, Amendment No. 5, dated as of
December 20, 2000, Amendment No. 6, dated as of March 29, 2001, Amendment No.