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Amendment No. 1 To Receivables Purchase Agreement

This is an actual contract by American Commercial Lines.

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Sectors: Transportation
Governing Law: Illinois, View Illinois State Laws
Effective Date: November 11, 2002
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THIS FIRST AMENDMENT TO THE RECEIVABLES PURCHASE AGREEMENT, dated as of November 11, 2002 (this "Amendment"), is entered into by AMERICAN COMMERCIAL LINES FUNDING CORPORATION, as seller (the "Seller"), AMERICAN COMMERCIAL BARGE LINE LLC ("ACBL"), individually and as servicer (the "Servicer"), the financial institutions from time to time party to the Receivables Purchase Agreement as bank investors (the "Bank Investors"), JUPITER SECURITIZATION CORPORATION, (the "Company" and together with the Bank Investors, the "Purchasers" and each a "Purchaser"), and BANK ONE, NA (Main Office Chicago), as Agent for the Purchasers (in such capacity, the "Agent").

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A. The Seller, ACBL, the Servicer, the Purchasers and the Agent are parties to the Receivables Purchase Agreement, dated as of May 24, 2002 (the "Agreement");

B. The parties hereto desire to amend the Agreement as set forth below.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. Certain Defined Terms. Capitalized terms used but not defined herein shall have the meanings set forth for such terms in Exhibit I to the Agreement.

2. Amendments to the Agreement.

(a) Clause (i) of the definition of "Loss Percentage" set forth in Exhibit I to the Agreement is hereby amended by deleting the percentage "10%" and replacing it with the percentage "15%" therein:

(b) The definition of "Liquidity Termination Date" set forth in Exhibit I to the Amendment is hereby amended and restated in i
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