EXHIBIT 10.41
LOAN AGREEMENT
By and Among:
CH FUNDING, LLC
As the Borrower,
ATLANTIC ASSET SECURITIZATION CORP.
As the Issuer,
CREDIT LYONNAIS NEW YORK BRANCH
As the Administrative Agent and as a Bank
and
CH MORTGAGE COMPANY I, LTD.
As the Servicer
Dated as of July 9, 2002
TABLE OF CONTENTS
Page
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ARTICLE I GENERAL TERMS............................................................ 2
1.1. Certain Definitions.................................................... 2
1.2. Other Definitional Provisions.......................................... 26
ARTICLE II AMOUNT AND TERMS OF COMMITMENT.......................................... 26
2.1. Maximum Facility Amount................................................ 26
2.2. Promissory Notes....................................................... 27
2.3. Notice and Manner of Obtaining Borrowings.............................. 27
2.4. Fees................................................................... 30
2.5. Prepayments............................................................ 30
2.6. Business Days.......................................................... 30
2.7. Payment Procedures..................................................... 31
2.8. The Reserve Account.................................................... 34
2.9. Interest Allocations................................................... 36
2.10. Interest Rates......................................................... 36
2.11. Quotation of Rates..................................................... 36
2.12. Default Rate........................................................... 36
2.13. Interest Recapture..................................