1 EXHIBIT 10.24 SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT THIS SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this "AMENDMENT") dated effective as of May 22, 2000, is entered into among GROUP 1 AUTOMOTIVE, INC., a Delaware corporation (the "COMPANY"), each of the subsidiaries of the Company listed on the signature pages attached to the Fourth Amended and Restated Agreement (as defined herein) (the "SUBSIDIARIES") and such other subsidiaries of the Company which have become parties to the Fourth Amended and Restated Agreement by execution of an Addendum (the "ADDENDUM BORROWERS") (the Company, the Subsidiaries and Addendum Borrowers are collectively, the "BORROWERS"), the lenders listed on the signature pages attached to the Fourth Amended and Restated Agreement (the "LENDERS"), CHASE BANK OF TEXAS, N.A., a national banking association, as Administrative Agent for the Lenders (in such capacity together with any successor in such capacity pursuant to Section 12.6 of the Fourth Amended and Restated Agreement, the "AGENT"), COMERICA BANK, a Michigan banking association, as Floor Plan Agent for the Lenders (in such capacity together with any successor in such capacity pursuant to Section 12.13 of the Fourth Amended and Restated Agreement, the "FLOOR PLAN AGENT"), Bank of America, N.A., as Documentation Agent, U.S. Bank National Association, Bank One Texas, N.A. and Fleet National Bank, formerly known as BankBoston, N.A., as Co-Agents. WITNESSETH: WHEREAS, on December 31, 1997, the Borrowers, the lenders party thereto, the Agent and the Floor Plan Agent entered into the Revolving Credit Agreement (the "INITIAL AGREEMENT"), whereby, upon the terms and conditions therein stated, such lenders agreed to make loans to the Borrowers up to the aggregate amount of $125,000,000, to be used by the Borrowers for the purposes set forth in Section 9.9 of the Initial Agreement; and WHEREAS, on, June 19, 1998, the Borrowers, the lenders party thereto, the Agent and the Floor Plan Agent amended the Initial Agreement and entered into an Amended and Restated Revolving Credit Agreement (hereinafter called the "AMENDED AND RESTATED AGREEMENT") whereby, upon the terms and conditions therein stated, such lenders agreed to make loans to the Borrowers up to the aggregate amount of $345,000,000 to be used by the Borrowers for the purposes set forth in Section 9.9 of the Amended and Restated Agreement; and WHEREAS, on, November 10, 1998, the Borrowers, the lenders party thereto, the Agent and the Floor Plan Agent amended the Amended and Restated Agreement and entered into the Second Amended and Restated Revolving Credit Agreement (hereinafter called the "SECOND AMENDED AND RESTATED AGREEMENT") whereby, upon the terms and conditions therein stated, such Lenders agreed to make loans to the Borrowers up to the aggregate amount of $425,000,000 to be used by the GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 1 2 Borrowers for the purposes set forth in Section 9.9 of the Second Amended and Restated Agreement; and WHEREAS, on, May 12, 1999, the Borrowers, the lenders parties thereto, the Agent and the Floor Plan Agent amended the Second Amended and Restated Agreement and entered into the Third Amended and Restated Revolving Credit Agreement (hereinafter called the "THIRD AMENDED AND RESTATED AGREEMENT") whereby, upon the terms and conditions therein stated, such lenders agreed to make loans to the Borrowers up to the aggregate amount of $500,000,000 to be used by the Borrowers for the purposes set forth in Section 9.9 of the Third Amended and Restated Agreement; and WHEREAS, on, October 15, 1999, and effective as of November 1, 1999, the Borrowers, the lenders parties thereto, the Agent and the Floor Plan Agent amended the Third Amended and Restated Agreement and entered into the Fourth Amended and Restated Revolving Credit Agreement (hereinafter called the "FOURTH AMENDED AND RESTATED AGREEMENT") whereby, upon the terms and conditions therein stated, such lenders agreed to make loans to the Borrowers up to the aggregate amount of $1,000,000,000 to be used by the Borrowers for the purposes set forth in Section 9.9 of the Fourth Amended and Restated Agreement; WHEREAS, on March 7, 2000, the Borrowers, the lenders parties thereto, the Agent and the Floor Plan Agent amended the Fourth Amended and Restated Agreement and entered into the Amendment to Fourth Amended and Restated Revolving Credit Agreement (hereinafter called the "FIRST AMENDMENT") whereby, upon the terms and conditions therein stated, such lenders and Borrowers agreed to amend the "Restricted Payments" provision set forth in Section 10.13(d) of the Fourth Amended and Restated Agreement (the Fourth Amended and Restated Agreement as amended by the First Amendment is collectively referred to herein as the "FOURTH AMENDED AND RESTATED AGREEMENT"); and WHEREAS, the Borrowers, the Lenders, the Agent and the Floor Plan Agent mutually desire to amend certain aspects of the Fourth Amended and Restated Agreement as set forth herein; and WHEREAS, unless otherwise expressly provided in this Amendment, capitalized terms used in this Amendment shall have the same meanings specified in the Fourth Amended and Restated Agreement; and NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows: GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 2 3 ARTICLE 1 NEGATIVE COVENANTS Section 1.1 Restricted Payments. Sections 10.13(c) and 10.13(d) of the Fourth Amended and Restated Agreement are deleted in their entireties and replaced with the following Sections 10.13(c) and 10.13(d): (c) the Company may declare and pay cash dividends on its capital stock, may purchase shares of its capital stock, and/or may make any other Restricted Payment, provided (i) no Default or Event of Default has occurred, is continuing or would be created thereby and (ii) that the aggregate amount payable in respect of cash dividends paid by the Company, the shares purchased by the Company, and/or the Restricted Payments made by the Company shall not exceed an amount equal to the sum of $5,000,000 plus thirty-three and thirty-three one-hundredths percent (33.33%) of the aggregate Consolidated Net Income for the period commencing on December 31, 1997, and ending on the date of determination taken as a single accounting period; and (d) the Company may purchase shares of its capital stock to sell to employees of the Company pursuant to a Company sponsored employee stock purchase plan, provided that such sales price is not less than 85% of the Company's cost. ARTICLE 2 REPRESENTATIONS AND WARRANTIES Section 2.1 Representations Repeated. The representations and warranties of the Borrowers contained in the Fourth Amended and Restated Agreement and the other Loan Documents and otherwise made in writing by or on behalf of the Borrowers pursuant to the Fourth Amended and Restated Agreement and the other Loan Documents were true and correct when made, and are true and correct in all material respects at and as of the time of delivery of this Amendment, except for such changes in the facts represented and warranted as are not in violation of the Fourth Amended and Restated Agreement, this Amendment or the other Loan Documents or which were limited to an earlier date. Section 2.2 Loan Documents. All Loan Documents to which the Borrowers are a party shall secure the Notes and all of the Indebtedness and Obligations of the Borrowers to the Lenders as such Indebtedness and Obligations are increased and modified by this Amendment, whether or not such Loan Documents shall be expressly amended or supplemented in connection herewith. GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 3 4 Section 2.3 Compliance with Obligations. The Borrowers have performed and complied with all agreements and conditions contained in the Fourth Amended and Restated Agreement and the Loan Documents required to be performed or complied with by the Borrowers prior to or at the time of delivery of this Amendment. Section 2.4 Defaults. There exists, and after giving effect to this Amendment will exist, no Default or Event of Default, or any condition, or act which constitutes, or with notice or lapse of time (or both) would constitute an event of default under any loan agreement, note agreement, or trust indenture to which the Borrowers are a party. Section 2.5 No Amendments. Nothing in this Article 2 of this Amendment is intended to amend any of the representations or warranties contained in the Fourth Amended and Restated Agreement. ARTICLE 3 MISCELLANEOUS Section 3.1 Fees. The Company shall pay a fee of $5,000 to each Lender who approves this Amendment and delivers executed signature pages in the following manner: (i) a copy by telecopy by 5:00 p.m. on Monday, May 22, 2000, to Richard L. Burleson, at Telecopy No. (713) 752-4221, and (ii) the originals by overnight mail by 5:00 p.m. on Tuesday, May 23, 2000, to Richard L. Burleson, at Jackson Walker L.L.P., 1100 Louisiana Street, Suite 4200, Houston, Texas 77002. Section 3.2 Extent of Amendments. Except as otherwise expressly provided herein, the Fourth Amended and Restated Agreement, the Loan Documents, the Notes and the other instruments and agreements referred to therein are not amended, modified or affected by this Amendment. Except as expressly set forth herein, all of the terms, conditions, covenants, representations, warranties and all other provisions of the Fourth Amended and Restated Agreement are herein ratified and confirmed and shall remain in full force and effect. Section 3.3 References. On and after the date on which this Amendment becomes effective, the terms, "this Agreement," "hereof," "herein," "hereunder" and terms of like import, when used herein or in the Fourth Amended and Restated Agreement shall, except where the context otherwise requires, refer to the Fourth Amended and Restated Agreement, as amended by this Amendment. Section 3.4 Counterparts. This Amendment may be executed in two or more counterparts, and it shall not be necessary that the signatures of all parties hereto be contained on any one counterpart hereof; each counterpart shall be deemed an original, but all of which together shall constitute one and the same instrument. GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 4 5 [SIGNATURES FOLLOWING ON SUCCEEDING PAGES] GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 5 6 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and year first above written. BORROWERS: GROUP 1 AUTOMOTIVE, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: Senior Vice President COURTESY NISSAN, INC., a Texas corporation; FOYT MOTORS, INC., a Texas corporation; BOB HOWARD AUTOMOTIVE-H, INC., an Oklahoma corporation; HOWARD PONTIAC-GMC, INC., an Oklahoma corporation; ROUND ROCK NISSAN, INC., a Texas corporation; MIKE SMITH AUTOPLAZA, INC., a Texas corporation; SMITH, LIU & KUTZ, INC., a Texas corporation; TOWN NORTH IMPORTS, INC., a Texas corporation; TOWN NORTH NISSAN, INC., a Texas corporation; TOWN NORTH SUZUKI, INC., a Texas corporation; GROUP 1 FORD, INC., a Texas corporation; MIKE SMITH AUTOMOTIVE-N, INC., a Texas corporation; MIKE SMITH AUTOPLEX, Inc., a Texas corporation; MIKE SMITH AUTOPLEX BUICK, INC., a Texas corporation; MIKE SMITH AUTOPLEX DODGE, INC., a Texas corporation; MIKE SMITH AUTOPLEX-GERMAN IMPORTS, INC., a Texas corporation; MIKE SMITH AUTOPLEX-V, INC., a Texas corporation; HIGHLAND AUTOPLEX, INC., a Texas corporation; HOWARD AUTOMOTIVE GROUP, INC., an Oklahoma corporation; MIKE SMITH GM, INC., a Delaware corporation; MIKE SMITH MOTORS, INC., a Texas corporation; MIKE SMITH IMPORTS, INC., a Texas corporation; JIM TIDWELL FORD, INC., a Delaware corporation; MIKE SMITH AUTOMOTIVE-H, Inc., a Delaware corporation; LUBBOCK MOTORS-M, Inc., a Delaware GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 7 corporation; JOHNS AUTOMOTIVE GROUP, INC., a New Mexico corporation; GPI ACQUISITION-I, INC., a Texas corporation; HARVEY-T, INC., a Delaware corporation; KEY FORD, INC., a Florida corporation; SHAMROCK CHEVROLET, INC., a Florida corporation; HARVEY HOLDINGS, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: Vice President GROUP 1 REALTY, INC., a Delaware corporation; GROUP 1 ASSOCIATES, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: President DANVERS - DCII, INC., a Delaware corporation; DANVERS - DC, INC., a Delaware corporation; DANVERS - GM, INC., a Delaware corporation; DANVERS - S, INC., a Delaware corporation; DANVERS - SU, INC., a Delaware corporation; DANVERS - T, INC., a Delaware corporation; DANVERS - TL, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: Vice President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 8 MAXWELL CHRYSLER, PLYMOUTH, DODGE, JEEP, EAGLE, LTD., a Texas limited partnership; PRESTIGE CHRYSLER PLYMOUTH SOUTH, LTD., a Texas limited partnership; PRESTIGE CHRYSLER PLYMOUTH NORTHWEST, LTD., a Texas limited partnership; MAXWELL FORD, LTD., a Texas limited partnership; COLONIAL CHRYSLER-PLYMOUTH, LTD., a Texas limited partnership; CHAPERRAL DODGE, LTD., a Texas limited partnership; LUBBOCK MOTORS-F, LTD., a Texas limited partnership; LUBBOCK MOTORS-T, LTD., a Texas limited partnership; ROCKWALL AUTOMOTIVE-F, LTD., a Texas limited partnership; AMARILLO MOTORS-C, LTD., a Texas limited partnership; AMARILLO MOTORS-J, LTD., a Texas limited partnership; AMARILLO MOTORS-F, LTD., a Texas limited partnership; GPI, LTD., a Texas limited partnership; MCCALL - TL, LTD., a Texas limited partnership; MCCALL - HA, LTD., a Texas limited partnership; MCCALL - T, LTD., a Texas limited partnership; KUTZ - DC, LTD., a Texas limited partnership; LUBBOCK MOTORS, LTD., a Texas limited partnership By: GROUP 1 ASSOCIATES, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: President GROUP 1 HOLDINGS-DC, L.L.C., a Delaware limited liability company; GROUP 1 HOLDINGS-F, L.L.C., a Delaware limited liability company; GROUP 1 HOLDINGS-GM, L.L.C., a Delaware limited liability company; GROUP 1 HOLDINGS-H, L.L.C., a Delaware limited liability company; GROUP 1 HOLDINGS-N, L.L.C., a Delaware limited liability company; GROUP 1 HOLDINGS-S, GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 9 L.L.C., a Delaware limited liability company; GROUP 1 HOLDINGS-T, L.L.C., a Delaware limited liability company By: GROUP 1 AUTOMOTIVE, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: Senior Vice President HARVEY OPERATIONS-T, LLC, a Delaware limited liability company By: HARVEY-T, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: Vice President HARVEY GM, LLC, a Delaware limited liability company; HARVEY FORD, LLC, a Delaware limited liability company By: HARVEY HOLDINGS, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: Vice President IRA AUTOMOTIVE GROUP, LLC, a Delaware limited liability company By: DANVERS - T, INC., a Delaware corporation By: ---------------------------------------- Name: Scott L. Thompson Title: Vice President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 10 BOB HOWARD DODGE, INC., an Oklahoma corporation; BOB HOWARD GERMAN IMPORTS, INC., an Oklahoma corporation; CASA CHRYSLER PLYMOUTH JEEP, INC., a New Mexico corporation; GROUP 1 LP INTERESTS-DC, INC., a Delaware corporation By: GROUP 1 HOLDINGS-DC, L.L.C., a Delaware limited liability company By: GROUP 1 AUTOMOTIVE, INC., a Delaware corporation By: ------------------------------------ Name: Scott L. Thompson Title: Senior Vice President KOONS FORD, INC., a Florida corporation; COURTESY FORD, INC., a Florida corporation; FLAMINGO FORD, INC., a Florida corporation; JIM TIDWELL FORD, Inc., a Delaware corporation; GROUP 1 LP INTERESTS-F, INC., a Delaware corporation; PERIMETER FORD, INC., a Delaware corporation By: GROUP 1 HOLDINGS-F, L.L.C., a Delaware limited liability company By: GROUP 1 AUTOMOTIVE, INC., a Delaware corporation By: ------------------------------------ Name: Scott L. Thompson Title: Senior Vice President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 11 BOB HOWARD AUTOMOTIVE-EAST, INC., an Oklahoma corporation; BOB HOWARD CHEVROLET, INC., an Oklahoma corporation; CASA CHEVROLET, INC., a New Mexico corporation; SUNSHINE BUICK PONTIAC GMC TRUCK, INC., a New Mexico corporation; LUBY CHEVROLET CO., a Delaware corporation; GROUP 1 LP INTERESTS-GM, INC., a Delaware corporation By: GROUP 1 HOLDINGS-GM, L.L.C., a Delaware limited liability company By: GROUP 1 AUTOMOTIVE, INC., a Delaware corporation By: ------------------------------------ Name: Scott L. Thompson Title: Senior Vice President BOB HOWARD NISSAN, INC., an Oklahoma corporation; GROUP 1 LP INTERESTS-N, INC., a Delaware corporation By: GROUP 1 HOLDINGS-N, L.L.C., a Delaware limited liability company By: GROUP 1 AUTOMOTIVE, INC., a Delaware corporation By: ------------------------------------ Name: Scott L. Thompson Title: Senior Vice President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 12 BOB HOWARD MOTORS, INC., an Oklahoma corporation; GROUP 1 LP INTERESTS-T, INC., a Delaware corporation By: GROUP 1 HOLDINGS-T, L.L.C., a Delaware limited liability company By: GROUP 1 AUTOMOTIVE, INC., a Delaware corporation By: ------------------------------------ Name: Scott L. Thompson Title: Senior Vice President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 13 GROUP 1 LP INTERESTS-H, INC., a Delaware corporation; GROUP 1 LP INTERESTS-S, INC., a Delaware corporation By: ---------------------------------------- Name: Janet Giles Title: President DELAWARE ACQUISITION-DC, L.L.C., a Delaware limited liability company By: GROUP 1 LP INTERESTS-DC, INC., a Delaware corporation By: ---------------------------------------- Name: Janet Giles Title: President DELAWARE ACQUISITION-GM, L.L.C., a Delaware limited liability company By: GROUP 1 INTERESTS-GM, INC., a Delaware corporation By: ---------------------------------------- Name: Janet Giles Title: President DELAWARE ACQUISITION-T, L.L.C., a Delaware limited liability company By: GROUP 1 LP INTERESTS-T, INC., a Delaware corporation By: ---------------------------------------- Name: Janet Giles Title: President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 14 DELAWARE ACQUISITION-F, L.L.C., a Delaware limited liability company By: GROUP 1 LP INTERESTS-F, INC., a Delaware corporation By: ---------------------------------------- Name: Janet Giles Title: President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 15 AGENT AND ISSUING BANK: CHASE BANK OF TEXAS, N.A. By: ---------------------------------------- Name: James R. Dolphin Title: Senior Vice President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 16 FLOOR PLAN AGENT COMERICA BANK AND SWING LINE BANK By: ---------------------------------------- Name: Joseph A. Moran Title: Senior Vice President GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 17 LENDERS: AMARILLO NATIONAL BANK By: ---------------------------------------- Name: R. Wesley Savage Title: Executive Vice President Address: P. O. Box 1 Amarillo, Texas 79105 Telecopy No.: (806) 378-8395 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 18 BMW FINANCIAL SERVICES N.A., INC. By: ------------------------------------------ Name: James A. Janson Title: Manager, Retailer Commercial Finance Address: 5515 Parkcenter Circle Dublin, OH 43017 Telecopy No.: (800) 362-4269 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 19 BANK OF AMERICA, N.A. By: ---------------------------------------- Name: Bruce Clay Title: Senior Vice President Address: 110 Cypress Station Drive, Suite 200 Houston, Texas 77090 Telecopy No.: (281) 537-3246 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 20 BANK OF OKLAHOMA, N.A. By: ---------------------------------------- Name: Laura Christofferson Title: Senior Vice President Address: 201 Robert S. Kerr Oklahoma City, Oklahoma 73102 Telecopy No.: (405) 272-2588 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 21 BANK ONE TEXAS, N.A. By: ---------------------------------------- Name: Jeffrey D. Edge Title: Vice President Address: 1424 East North Belt, Suite 100 Houston, TX 77032 Telecopy No.: (281) 985-2931 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 22 CHASE BANK OF TEXAS, N.A. By: ---------------------------------------- Name: James R. Dolphin Title: Senior Vice President Address: 712 Main Street 5-CBBE-78 Houston, TX 77002 Telecopy No.: (713) 216-6004 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 23 CHRYSLER FINANCIAL COMPANY, L.L.C. By: ---------------------------------------- Name: Devon Cohen Title: Vice President/General Manager Address: Dealer Credit Department 27777 Franklin Road Southfield, Michigan 48034 Telecopy No.: (248) 948-3838 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 24 COMERICA BANK By: ---------------------------------------- Name: Joseph A. Moran Title: Senior Vice President Address: 411 West Lafayette MC3517, 8th Floor Detroit, Michigan 48226 Telecopy No.: (313) 222-7284 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 25 FLEET NATIONAL BANK, formerly known as BankBoston, N.A. By: ---------------------------------------- Name: -------------------------------------- Title: ------------------------------------- Address: ----------------------------------- ----------------------------------- ----------------------------------- Telecopy No.: ------------------------------ GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 26 FORD MOTOR CREDIT COMPANY By: ---------------------------------------- Name: William C. Van Horn Title: Major Accounts Executive Address: The American Road Dearborn, MI 48121 Telecopy No.: (313) 390-5459 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 27 GENERAL MOTORS ACCEPTANCE CORPORATION By: ---------------------------------------- Name: Jeffrey G. McLeod Title: Vice President National Dealer Account Address: GMAC National Accounts Dept. GMAC Building 3-132 3044 West Grand Boulevard Detroit, Michigan 48202 Telecopy No.: (313) 974-4450 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 28 MERCEDES BENZ CREDIT CORPORATION By: ---------------------------------------- Name: -------------------------------------- Title: ------------------------------------- Address: 600 Embassy Row Suite 160 Atlanta, Georgia 30328 Telecopy No.: (800) 837-7272 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 29 NORWEST BANK MINNESOTA, N.A. By: ---------------------------------------- Name: Brent Fossey Title: Vice President, Auto Finance Group Address: 55 East Fifth Street St. Paul, Minnesota 55101-2304 Telecopy No.: (651) 205-8496 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 30 TOYOTA MOTOR CREDIT CORPORATION By: ---------------------------------------- Name: Joseph Steib Title: National Dealer Credit Manager Address: 19001 South Western Avenue Torrance, California 90509-2958 Telecopy No.: (800) 643-9811 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 31 U.S. BANK NATIONAL ASSOCIATION By: ---------------------------------------- Name: -------------------------------------- Title: ------------------------------------- Address: 10800 N.E. 8th Street, Suite 900 Bellevue, WA 98004 Telecopy No.: (425) 450-5762 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement 32 WORLD OMNI FINANCIAL CORP. By: ---------------------------------------- Name: Bruce Wohlleb Title: Vice President Address: 120 NW 12th Avenue Deerfield Beach, FL 33442 Telecopy No.: (954) 420-3301 GROUP 1 AUTOMOTIVE, INC./CHASE BANK OF TEXAS, N.A. Second Amendment to Fourth Amended and Restated Revolving Credit Agreement