1 EXHIBIT 10.20 ================================================================================ SECOND AMENDMENT to RECEIVABLES SALE AND SERVICING AGREEMENT between WABASH NATIONAL CORPORATION as Seller and Servicer and NBD BANK, N.A. as Purchaser DATED AS OF MARCH 29, 1996 ================================================================================ 2 This SECOND AMENDMENT dated as of March 29, 1996 (the "Amendment"), is entered into by and between Wabash National Corporation, a Delaware corporation, in its capacity as originator and sell of the Receivables (as defined in the Agreement, defined below) hereunder (in such capacity the "Seller"), and in its capacity as servicer hereunder (in such capacity, the "Servicer"), and NBD Bank, N.A., a national banking association, in its capacity as purchaser (the "Purchaser"). RECITALS WHEREAS, the Seller and the Purchaser have entered into a Receivables Sale and Servicing Agreement dated as of June 29, 1995 (the "Agreement"); WHEREAS, the Seller and the Purchaser desire to amend the Agreement to include an additional sublimit with respect to an additional Obligor (as defined in the Agreement); and WHEREAS, pursuant to Section 12.7 of the Agreement, neither the Agreement nor the terms thereof may be amended, supplemented or modified except in writing signed by the Purchaser and the Seller. NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: Section 1. Amendment to Section 2.1, Purchase and Sale of Receivables. The following Obligor and corresponding sublimit shall be added to Section 2.1(b) of the Agreement which the lists the limits with respect to each Obligor by which the aggregate Purchase Price of outstanding Purchased Receivables may not exceed : Triple Crown Services Company $5,000,000 Section 2. Effect of Amendment. Except as amended hereby, the Agreement shall remain in full force and effect in accordance with the terms set forth therein. Section 3. Counterparts. This Amendment may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 3 IN WITNESS WHEREOF, the Seller and the Purchaser have caused this Amendment to be duly executed by their respective officers thereunto duly authorized as of the date and year first above written. WABASH NATIONAL CORPORATION, as Seller and Servicer By: /s/ Mark R. Holden ------------------------------- Name: Mark R. Holden Title: Vice President and Chief Financial Officer NBD BANK, N.A., as Purchaser By: /s/ Leo G. Watson, Jr. ------------------------------- Name: Leo G. Watson, Jr. Title: Vice President