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Encore Capital Group Inc – ‘8-K’ for 8/22/03 – EX-10

On:  Friday, 8/22/03, at 10:15am ET   ·   For:  8/22/03   ·   Accession #:  1084961-3-43   ·   File #:  0-26489

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  As Of                Filer                Filing    For·On·As Docs:Size

 8/22/03  Encore Capital Group Inc          8-K:7       8/22/03   17:561K

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report -- form8k_082203                     HTML     33K 
 4: EX-4        Amen- Restated Reg Rights                           HTML     19K 
 3: EX-4        Amend Reg Rights                                    HTML    113K 
 2: EX-4        Reg Rights Agreement                                HTML     93K 
 5: EX-4        Warrant Agrmt                                       HTML     72K 
 7: EX-10       Acknowlege Guarantee                                HTML     33K 
12: EX-10       Amend No. 1                                         HTML     20K 
16: EX-10       Exclusivity Agrmt                                   HTML     25K 
 6: EX-10       Fifth Amend to Lease                                HTML     15K 
14: EX-10       First Amend Svc Agrmt                               HTML     17K 
10: EX-10       Letter Agreement                                    HTML     10K 
15: EX-10       Second Amend Svc Agrmt                              HTML     20K 
 8: EX-10       Servicing Agreement                                 HTML     59K 
13: EX-10       Servicing Agreement                                 HTML    130K 
11: EX-10       Servicing Agreement 12-27-00                        HTML     29K 
 9: EX-10       Supplement to Svc Agrmt                             HTML     71K 
17: EX-21       Subsidiaries                                        HTML      7K 


EX-10   —   Letter Agreement


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Exhibit 10.5  

                                                                                                          Exhibit 10.5

                                              DAIWA FINANCE CORPORATION
                                                     32 Old Slip
                                                  New York, NY 10005

December 27, 2000

Midland Credit Management, Inc.
4302 East Broadway Road
Phoenix, AZ 85040

Gentlemen:

Reference  is made to the  Supplement  to Servicing  Agreement,  dated as of May 22, 2000 (the  “Supplement”),  by and
among West  Capital  Financial  Services  Corp.,  West Capital  Receivables  Corporation  I,  Norwest Bank  Minnesota,
National  Association,  and Midland Credit Management,  Inc., consented and agreed to be Daiwa Finance Corporation and
SunAmerica Inc. Unless otherwise indicated herein, terms used herein have the meanings specified in the Supplement.

The  Servicer,  as  “Servicer,”  Daiwa  Finance  'Corporation,  as “Parent,” and CCS  Receivables  Management  LLC, as
“Owner,” are parties to a Servicing Agreement, dated as of December 27, 2000 (the “Now Servicing Agreement”).

To give effect to the New  Servicing  Agreement,  pursuant to clause (i) of the second  sentence of Section 4,1 of the
Supplement.  the Lender is hereby  terminating  the  Servicer  without  cause,  effective  as of close of  business on
December 26, 2000. For good and valuable  consideration,  receipt of which is hereby acknowledged by the Servicer, the
Servicer,  by acknowledging  this letter below,  hereby waives the 270-day notice period provided in clause (i) of the
second sentence of Section 4.1 of the Supplement.  Notwithstanding  such  termination,  the Servicer shall bc paid all
fees and other amounts dig have accrued for services through December 26, 2000.

                                                              DAIWA FINANCE CORPORATION

                                                              By:  __/s/ H. [illegible]_________________
                                                              Title:  _Executive Vice President__

Acknowledged and agreed to by:

MIDLAND CREDIT MANAGEMENT, INC.

By:      _/s/ Timothy W. Moser________
         Title: ___EVP_______ ________

cc.:     West Capital Receivables Corp. I
         West Capital Financial Services Corp.
         Norwest Bank Minnesota, National Association
         SunAmerica Inc.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period End:8/22/03
12/27/00
12/26/00
5/22/0010-Q,  8-K
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Filing Submission 0001084961-03-000043   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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