AMENDED AND RESTATED
RECEIVABLES SALE AND CONTRIBUTION AGREEMENT
Dated as of July 1, 1999
Between
FEDERAL-MOGUL CORPORATION,
as Parent
and
FEDERAL-MOGUL FUNDING CORPORATION,
as Buyer
TABLE OF CONTENTS
Page
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ARTICLE I. AMOUNTS AND TERMS OF THE PURCHASES..................................2
Section 1.1 Purchases of Receivables.....................................2
Section 1.2 Payment for the Purchases....................................3
Section 1.3 Purchase Price Credit Adjustments............................5
Section 1.4 Payments and Computations, Etc...............................5
Section 1.5 Transfer of Records..........................................5
Section 1.6 Characterization.............................................6
ARTICLE II. REPRESENTATIONS AND WARRANTIES.....................................6
Section 2.1 Parent's Representations and Warranties......................6
ARTICLE III. CONDITIONS OF PURCHASES..........................................10
Section 3.1 Conditions Precedent to Initial Purchase....................10
Section 3.2 Conditions Precedent to All Purchases.......................10
ARTICLE IV. COVENANTS 11
Section 4.1 Affirmative Covenants of Parent.............................10
Section 4.2 Negative Covenants of Parent................................15
ARTICLE V. ADMINISTRATION AND COLLECTION......................................16
Section 5.1 Designation of Sub-Servicer.................................16
ARTICLE VI. EVENTS OF PURCHASE AND SALE TERMINATION...........................17
Section 6.1 Events of Purchase and Sale Termination.....................17
Section 6.2 Remedies....................................................18
ARTICLE VII. INDEMNIFICATION..............