UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported)
May 27, 2008
World Financial Network Credit Card Master Note Trust
(Issuing Entity)
World Financial Network Credit Card Master Trust
(Issuer of Collateral Certificate)
WFN Credit Company, LLC
(Depositor)
World Financial Network National Bank
(Sponsor)
(Exact Name of Issuing Entity, Depositor/Registrant and Sponsor
as Specified in their respective Charters)
(State or Other Jurisdiction of Incorporation of Issuing Entity and Registrant)
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333-113669, 333-60418,
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333-60418-01
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31-1772814
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(Commission File Numbers for Registrant
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(Registrants I.R.S. Employer Identification Nos.
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and Issuing Entity, respectively)
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for Registrant and Issuing Entity, respectively)
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220 West Schrock Road, Westerville, Ohio
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43081
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(Address of Principal Executive Offices)
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(Zip Code)
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(Registrants Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement
On May 27, 2008, BNY Midwest Trust Company resigned, and The Bank of New York Trust Company,
N.A. was appointed, as trustee under the Second Amended and Restated Pooling and Servicing
Agreement, dated as of August 1, 2001, and as indenture trustee under the Master Indenture, dated
as of August 1, 2001. In connection with such resignation and appointment, the following documents
were executed:
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On May 27, 2008, World Financial Network National Bank (the Bank), as servicer,
WFN Credit Company, LLC (WFN Credit), as transferor, and The Bank of New York Trust
Company, N.A. (BNYTC), as trustee of World Financial Network Credit Card Master
Trust, entered into the Sixth Amendment to the Second Amended and Restated Pooling and
Servicing Agreement, dated as of August 1, 2001, a copy of which is filed with this
Form 8-K, as Exhibit 4.1.
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On May 27, 2008, BNYTC, as indenture trustee, and World Financial Network Credit
Card Master Note Trust (Note Trust), as issuer, entered into the Supplemental
Indenture No. 3 to Master Indenture, a copy of which is filed with this Form 8-K as
Exhibit 4.2.
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On May 27, 2008, the Bank, as administrator, Note Trust, as issuer, BNY Midwest
Trust Company and BNYTC entered into the Agreement of Resignation, Appointment and
Acceptance, a copy of which is filed with this Form 8-K as Exhibit 4.3.
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On May 27, 2008, WFN Credit, as transferor, BNY Midwest Trust Company and BNYTC
entered into the Agreement of Resignation, Appointment and Acceptance, a copy of which
is filed with this Form 8-K as Exhibit 4.4.
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Item 6.02. Financial Statements and Exhibits.
Pursuant to the Agreements of Resignation, Appointment and Acceptance, filed with this Form
8-K as Exhibits 4.3 and 4.4, BNY Midwest Trust Company resigned, and The Bank of New York Trust
Company, N.A. was appointed, as trustee under the Second Amended and Restated Pooling and Servicing
Agreement, dated as of August 1, 2001, and as indenture trustee under the Master Indenture, dated
as of August 1, 2001.
The Bank of New York Trust Company, N.A. is a national banking association and its principal
offices are located at 700 South Flower Street, Suite 500, Los Angeles, California 90017. The
Bank of New York Trust Company, N.A. has and currently is serving as indenture trustee for numerous
securitization transactions and programs involving pools of assets similar to the contracts. The
Bank of New York Trust Company, N.A. will perform all duties and obligations of BNY Midwest Trust
Company, as previously disclosed in Form S-3/A filed on July 18, 2007.
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Item 9.01. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
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Exhibit No.
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Document Description
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4.1
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Sixth Amendment to the Second Amended and Restated Pooling and Servicing
Agreement, dated as of May 27, 2008
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4.2
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Supplemental Indenture No. 3 to Master Indenture, dated as of May 27, 2008
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4.3
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Agreement of Resignation, Appointment and Acceptance, dated as of May 27,
2008
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4.4
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Agreement of Resignation, Appointment and Acceptance, dated as of May 27,
2008
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3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
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WFN CREDIT COMPANY, LLC as depositor
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By:
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/s/ Daniel T. Groomes
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Name:
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Daniel T. Groomes
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Title:
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President
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Dated:
May 29, 2008
Exhibit 4.1
EXECUTION VERSION
SIXTH AMENDMENT TO THE
SECOND AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT
This SIXTH AMENDMENT TO THE SECOND AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT, dated
as of May 27, 2008 (this
Amendment
) is made among World Financial Network National Bank (
WFN
),
as Servicer, WFN Credit Company, LLC (
WFN Credit
), as Transferor, and The Bank of New York Trust
Company, N.A. (as successor to BNY Midwest Trust Company) (
BNYTC
), as Trustee of World Financial
Network Credit Card Master Trust (the
Issuer
), to the Second Amended and Restated Pooling and
Servicing Agreement, dated as of August 1, 2001, among WFN, as Servicer, WFN Credit, as Transferor
and BNY Midwest Trust Company, as Trustee (as amended by the Omnibus Amendment, dated as of March
31, 2003, the Second Amendment to the Second Amended and Restated Pooling and Servicing Agreement,
dated as of May 19, 2004, the Third Amendment to the Second Amended and Restated Pooling and
Servicing Agreement, dated as of March 30, 2005, the Fourth Amendment to the Second Amended and
Restated Pooling and Servicing Agreement, dated as of June 13, 2007 and the Fifth Amendment to the
Second Amended and Restated Pooling and Servicing Agreement, dated as of October 26, 2007, and as
further amended from time to time, the
Pooling Agreement
). Capitalized terms used and not
otherwise defined in this Amendment are used as defined in the Pooling Agreement.
WHEREAS, the parties hereto desire to amend the Pooling Agreement as set forth below;
NOW THEREFORE, in consideration of the premises and for other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as
follows:
SECTION 1.
Amendment to the Pooling Agreement
. Section 11.15(a) of the Pooling
Agreement is deleted in its entirety and replaced with the following:
(a) Trustee is a national banking association duly organized and existing under the
laws of the United States;
SECTION 2.
Conditions to Effectiveness
. This Amendment shall become effective, as of
the date hereof (the
Effective Date
), upon (i) receipt by each of the parties hereto of
counterparts duly executed and delivered by each of the parties hereto and (ii) satisfaction of
each of the conditions precedent described in Section 13.1(a) of the Pooling Agreement.
SECTION 3.
Effect of Amendment; Ratification
. (a) On and after the Effective Date,
this Amendment shall be a part of the Pooling Agreement and each reference in the Pooling Agreement
to this Agreement or hereof, hereunder or words of like import, and each reference in any
other Transaction Document to the Pooling Agreement shall mean and be a reference to the Pooling
Agreement as amended hereby.
(b) Except as expressly amended hereby, the Pooling Agreement shall remain in full force and
effect and is hereby ratified and confirmed by the parties hereto.
SECTION 4.
Governing Law
. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS
PROVISIONS. EACH OF THE PARTIES TO THIS AMENDMENT HEREBY AGREES TO THE JURISDICTION OF THE UNITED
STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY APPELLATE COURT HAVING
JURISDICTION TO REVIEW THE JUDGMENTS THEREOF. EACH OF THE PARTIES HEREBY WAIVES ANY OBJECTION
BASED ON
FORUM NON CONVENIENS
AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY
OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS
DEEMED APPROPRIATE BY SUCH COURT.
SECTION 5.
Section Headings
. Headings used herein are for convenience of reference
only and shall not affect the meaning of this Amendment.
SECTION 6.
Counterparts
. This Amendment may be executed in any number of counterparts,
and by the parties hereto on separate counterparts, each of which shall be an original and all of
which taken together shall constitute one and the same agreement.
SECTION 7.
Trustee Disclaimer
. Trustee shall not be responsible for the validity or
sufficiency of this amendment, nor for the recitals contained herein.
[
Signature Page Follows
]
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written.
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WORLD FINANCIAL NETWORK NATIONAL BANK, as Servicer
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By:
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/s/ Ronald C. Reed
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Name: Ronald C. Reed
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Title: Assistant Treasurer
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WFN CREDIT COMPANY, LLC, as Transferor
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By:
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/s/ Daniel T. Groomes
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Name: Daniel T. Groomes
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Title: President
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THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee
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By:
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/s/ David H. Hill
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Name: David H. Hill
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Title: Assistant Vice President
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Exhibit 4.2
EXECUTION VERSION
SUPPLEMENTAL INDENTURE NO. 3 TO MASTER INDENTURE
This SUPPLEMENTAL INDENTURE NO. 3 TO MASTER INDENTURE, dated as of May 27, 2008 (this
Supplemental Indenture
) is made between the World Financial Network Credit Card Master
Note Trust, as Issuer (the
Issuer
) and The Bank of New York Trust Company, N.A. (as
successor in interest to BNY Midwest Trust Company), as Indenture Trustee (the
Indenture
Trustee
), to the Master Indenture, dated as of August 1, 2001, between the Issuer and the
Indenture Trustee (as amended by the Omnibus Amendment, dated as of March 31, 2003, as further
amended by the Supplemental Indenture No. 1 to Master Indenture, dated as of August 13, 2003, and
as further amended by the Supplemental Indenture No. 2 to Master Indenture, dated as of June 13,
2007, as amended, the
Master Indenture
). Capitalized terms used and not otherwise
defined in this Supplemental Indenture are used as defined in the Master Indenture.
WHEREAS, the Issuer and the Indenture Trustee desire to amend the Master Indenture in certain
respects as set forth below;
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as
follows:
SECTION 1.
Amendment to the Master Indenture
. Section 6.13(a) of the Master Indenture
is deleted in its entirety and replaced with the following:
(a) Indenture Trustee is a national banking association duly organized and existing
under the laws of the United States;
SECTION 2.
Conditions to Effectiveness
. This Supplemental Indenture shall become
effective, as of the date hereof (the
Effective Date
), upon (i) receipt by each of the
parties hereto of counterparts duly executed and delivered by each of the parties hereto and (ii)
satisfaction of each of the conditions precedent described in
Section 10.1(a)
of the Master
Indenture, and thereafter shall be binding on the parties hereto and their respective successors
and assigns.
SECTION 3.
Effect of Amendment; Ratification
. (a) On and after the Effective Date,
this Supplemental Indenture shall be a part of the Master Indenture and each reference in the
Master Indenture to this Agreement or hereof, hereunder or words of like import, and each
reference in any other Transaction Document to the Master Indenture shall mean and be a reference
to the Master Indenture as amended hereby.
(b) Except as expressly amended hereby, the Master Indenture shall remain in full force and
effect and is hereby ratified and confirmed by the parties hereto.
SECTION 4.
Governing Law
. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT
OF LAWS PROVISIONS. EACH OF THE PARTIES TO THIS SUPPLEMENTAL INDENTURE HEREBY AGREES TO THE
JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY
APPELLATE COURT HAVING JURISDICTION TO REVIEW THE JUDGMENTS THEREOF. EACH OF THE PARTIES HEREBY
WAIVES ANY OBJECTION BASED ON
FORUM NON CONVENIENS
AND ANY OBJECTION TO VENUE OF ANY ACTION
INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL
OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT.
SECTION 5.
Section Headings
. Headings used herein are for convenience of reference
only and shall not affect the meaning of this Supplemental Indenture.
SECTION 6.
Counterparts
. This Supplemental Indenture may be executed in any number
of counterparts, and by the parties hereto on separate counterparts, each of which shall be an
original and all of which taken together shall constitute one and the same agreement.
SECTION 7.
Trustee Disclaimer
. The Indenture Trustee shall not be responsible for
the validity or sufficiency of this amendment, nor for the recitals contained herein.
[
Signature Page Follows
]
2
IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be executed
by their respective officers thereunto duly authorized, as of the date first above written.
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THE BANK OF NEW YORK TRUST
COMPANY, N.A.,
as Indenture Trustee
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By:
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/s/ David H. Hill
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Name:
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David H. Hill
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Title:
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Assistant Vice President
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WORLD FINANCIAL NETWORK CREDIT CARD MASTER
NOTE TRUST, as Issuer
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By: U.S. Bank Trust National Association, not in its
individual
capacity, but solely as Owner Trustee on
behalf of Issuer
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By:
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/s/ Annette Morgan
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Name:
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Annette E. Morgan
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Title:
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Assistant Vice President
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Exhibit 4.3
AGREEMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE
This Agreement of Resignation, Appointment and Acceptance, dated as of May 27, 2008 (this
Agreement
), is made by and among World Financial Network National Bank, as administrator
(the
Administrator
), World Financial Network Credit Card Master Note Trust, as issuer
(the
Issuer
), BNY Midwest Trust Company
,
an Illinois trust company having its principal
corporate trust office at 2 N. LaSalle Street, Ste. 1020, Chicago, IL 60602 (
BNYMTC
) and
The Bank of New York Trust Company, N.A., a national banking association (
BNYTCNA
) duly
organized and existing under the laws of the United States and having its principal office in Los
Angeles, California.
RECITALS:
WHEREAS
, the Issuer and BNYMTC entered into one or more trust indentures, paying agency
agreements, registrar agreements, or other relevant agreements, as such are more particularly
described in Exhibit A (the
Exhibit
) under the section entitled Agreements (such
agreements, individually and collectively referred to herein, together with all Transaction
Documents (as defined in the Master Indenture referenced in the Exhibit) to which BNYMTC is a
party, as the
Agreements
) under which BNYMTC was appointed in the capacity or capacities
identified in the Exhibit (individually and collectively the
Capacities
);
WHEREAS
, the Administrator desires to appoint BNYTCNA as the successor to BNYMTC in its
Capacities under the Agreements; and
WHEREAS
, BNYTCNA is willing to accept such appointment as the successor to BNYMTC in its
Capacities under the Agreements;
NOW, THEREFORE
, the parties hereto, for and in consideration of the premises and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
hereby consent and agree as follows:
ARTICLE I
BNYMTC
SECTION 1.01.
BNYMTC hereby resigns from its Capacities under the Agreements.
SECTION 1.02.
BNYMTC hereby assigns, transfers, delivers and confirms to BNYTCNA all right,
title and interest of BNYMTC in its Capacity(s) relating to the Agreements. BNYMTC hereby
authorizes the filing of such financing statements as the Administrator shall deem necessary or
desirable to assign such right, title and interest of BNYMTC under the Agreements to BNYTCNA.
ARTICLE II
THE ISSUER AND THE ADMINISTRATOR
SECTION 2.01.
The Issuer hereby accepts the resignation of BNYMTC from its Capacities under
the Agreements.
SECTION 2.02.
All conditions relating to the appointment of BNYTCNA as the successor to BNYMTC
in its Capacities under the Agreements have been met by the Administrator, and the Administrator
hereby appoints BNYTCNA to its Capacities under the Agreements with like effect as if originally
named to such Capacities under the Agreements.
ARTICLE III
BNYTCNA
SECTION 3.01.
BNYTCNA hereby represents and warrants to BNYMTC, the Issuer and the
Administrator that BNYTCNA is qualified to act in the Capacities under the Agreements.
SECTION 3.02.
BNYTCNA hereby accepts its appointment to the Capacities under the Agreements
and accepts and assumes the rights, powers, duties and obligations of BNYMTC under the Agreements,
upon the terms and conditions set forth therein, with like effect as if originally named to such
Capacities under the Agreements.
ARTICLE IV
MISCELLANEOUS
SECTION 4.01.
This Agreement and the resignation, appointment and acceptance effected hereby
shall be effective as of 12:01 A.M. local Los Angeles time on the Effective Date set forth in the
Exhibit.
SECTION 4.02.
This Agreement shall be governed by and construed in accordance with the laws of
the State of New York without reference to its choice of law provisions and the obligations, rights
and remedies of the parties hereunder shall be determined in accordance with such laws.
SECTION 4.03.
This Agreement may be executed in any number of counterparts each of which shall
be an original, but such counterparts shall together constitute but one and the same instrument.
Delivery of an executed counterpart of this Agreement by facsimile, email or other electronic
method of transmission shall be equally as effective as delivery of an original executed
counterpart of this Agreement.
SECTION 4.04.
The persons signing this Agreement on behalf of the Issuer, the Administrator,
BNYTCNA and BNYMTC are duly authorized to execute it on behalf of the each
party, and each party warrants that it is authorized to execute this Agreement and to perform
its duties hereunder.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement of Resignation, Appointment
and Acceptance to be duly executed and acknowledged all as of the day and year first above written.
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World Financial Network Credit Card Master Note Trust, as Issuer
By: U.S. Bank Trust National Association, not in its individual capacity but
solely as Owner Trustee under the Trust Agreement
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By:
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/s/ Annette Morgan
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Name:
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Annette Morgan
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Title:
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Assistant Vice President
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World Financial Network National Bank, as Administrator
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By:
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/s/ Ronald C. Reed
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Name:
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Ronald C. Reed
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Title:
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Assistant Treasurer
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BNY Midwest Trust Company
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By:
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/s/ David H. Hill
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Name:
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David H. Hill
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Title:
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Assistant Vice President
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The Bank of New York Trust Company, N.A.
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By:
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/s/ David H. Hill
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Name:
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David H. Hill
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Title:
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Assistant Vice President
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Acknowledged and Accepted:
World Financial Network National Bank, as Servicer
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By:
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/s/ Ronald C. Reed
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Name:
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Ronald C. Reed
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Title:
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Assistant Treasurer
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EXHIBIT A
Effective Date: May 27, 2008
Agreement(s):
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Description of relevant Agreement
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& Date (each as amended,
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BNY Midwest
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modified or supplemented from
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Trust Companys
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time to time)
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Capacity(s)
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Master Indenture, dated as of August
1, 2001, between Issuer and BNYMTC,
as supplemented by each of the
following :
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Indenture Trustee, Transfer Agent
and Registrar, Paying Agent
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Series 2002-VFN Indenture
Supplement, dated as of December 18,
2002, between Issuer and BNYMTC
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Series 2003-A Indenture Supplement,
dated as of August 13, 2003, between
Issuer and BNYMTC
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Series 2004-A Indenture Supplement,
dated as of May 19, 2004, between
Issuer and BNYMTC
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Series 2004-C Indenture Supplement,
dated as of September 22, 2004,
between Issuer and BNYMTC
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Series 2006-A Indenture Supplement,
dated as of April 28, 2006, between
Issuer and BNYMTC
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Series 2008-VFN Indenture
Supplement, dated as of March 5,
2008, between Issuer and BNYMTC
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Exhibit 4.4
EXECUTION VERSION
AGREEMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE
This Agreement of Resignation, Appointment and Acceptance, dated as of May 27, 2008 (this
Agreement
), is made by and among WFN Credit Company, LLC, as transferor under the Pooling
Agreement referenced in Exhibit A (the
Transferor
), BNY Midwest Trust Company, an
Illinois trust company having its principal corporate trust office at 2 N. LaSalle Street, Ste.
1020, Chicago, IL 60602 (
BNYMTC
), and The Bank of New York Trust Company, N.A., a
national banking association (
BNYTCNA
) duly organized and existing under the laws of the
United States and having its principal office in Los Angeles, California.
RECITALS:
WHEREAS
, the Transferor and BNYMTC entered into one or more trust indentures, paying agency
agreements, registrar agreements, or other relevant agreements as such are more particularly
described in Exhibit A (the
Exhibit
) under the section entitled Agreements (such
agreements, individually and collectively referred to herein, together with all Transaction
Documents (as defined in the Pooling Agreement referenced in the Exhibit) to which BNYMTC is a
party, as the
Agreements
) under which BNYMTC was appointed in the capacity or capacities
identified in the Exhibit (individually and collectively the
Capacities
);
WHEREAS
, the Transferor desires to appoint BNYTCNA as the successor to BNYMTC in its
Capacities under the Agreements; and
WHEREAS
, BNYTCNA is willing to accept such appointment as the successor to BNYMTC in its
Capacities under the Agreements;
NOW, THEREFORE
, the parties hereto, for and in consideration of the premises and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
hereby consent and agree as follows:
ARTICLE I
BNYMTC
SECTION 1.01.
BNYMTC hereby resigns from its Capacities under the Agreements.
SECTION 1.02.
BNYMTC hereby assigns, transfers, delivers and confirms to BNYTCNA all right,
title and interest of BNYMTC in its Capacities relating to the Agreements. BNYMTC hereby
authorizes the filing of such financing statements as the Transferor shall deem necessary or
desirable to assign such right, title and interest of BNYMTC under the Agreements to BNYTCNA.
ARTICLE II
THE TRANSFEROR
SECTION 2.01.
The Transferor hereby accepts the resignation of BNYMTC from its Capacities
under the Agreements.
SECTION 2.02.
All conditions relating to the appointment of BNYTCNA as the successor to BNYMTC
in its Capacities under the Agreements have been met by the Transferor, and the Transferor appoints
BNYTCNA to its Capacities under the Agreements with like effect as if originally named to such
Capacities under the Agreements.
ARTICLE III
BNYTCNA
SECTION 3.01.
BNYTCNA hereby represents and warrants to BNYMTC, the Transferor and World
Financial Network Credit Card Master Trust that BNYTCNA is qualified to act in the Capacities under
the Agreements.
SECTION 3.02.
BNYTCNA hereby accepts its appointment to the Capacities under the Agreements
and accepts and assumes the rights, powers, duties and obligations of BNYMTC under the Agreements,
upon the terms and conditions set forth therein, with like effect as if originally named to such
Capacities under the Agreements.
ARTICLE IV
MISCELLANEOUS
SECTION 4.01.
This Agreement and the resignation, appointment and acceptance effected hereby
shall be effective as of 12:01 A.M. local Los Angeles time on the Effective Date set forth in the
Exhibit.
SECTION 4.02.
This Agreement shall be governed by and construed in accordance with the laws of
the State of New York without reference to its choice of law provisions and the obligations, rights
and remedies of the parties hereunder shall be determined in accordance with such laws.
SECTION 4.03.
This Agreement may be executed in any number of counterparts each of which shall
be an original, but such counterparts shall together constitute but one and the same instrument.
Delivery of an executed counterpart of this Agreement by facsimile, email or other electronic
method of transmission shall be equally as effective as delivery of an original executed
counterpart of this Agreement.
SECTION 4.04.
The persons signing this Agreement on behalf of the Transferor, BNYTCNA and
BNYMTC are duly authorized to execute it on behalf of the each party, and each party warrants that
it is authorized to execute this Agreement and to perform its duties hereunder.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement of Resignation, Appointment
and Acceptance to be duly executed and acknowledged all as of the day and year first above written.
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WFN Credit Company, LLC
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By:
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/s/ Daniel T. Groomes
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Name:
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Daniel T. Groomes
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Title:
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President
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BNY Midwest Trust Company
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By:
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/s/ David H. Hill
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Name:
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David H. Hill
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Title:
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Assistant Vice President
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The Bank of New York Trust Company, N.A.
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By:
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/s/ David H. Hill
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Name:
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David H. Hill
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Title:
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Assistant Vice President
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Acknowledged and Accepted:
World Financial Network National Bank
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By:
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/s/ Ronald C. Reed
Name: Ronald C. Reed
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Title: Assistant Treasurer
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EXHIBIT A
Effective Date: May 27, 2008
Agreements:
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Description of relevant Agreement
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BNY Midwest Trust
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& Date
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Companys Capacities
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Second Amended and Restated Pooling
and Servicing Agreement, as amended
and restated a second time on August
1, 2001, between WFN Credit Company,
LLC, World Financial Network
National Bank and BNYMTC, as
amended, supplemented or otherwise
modified from time to time, as
supplemented by:
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Trustee, Transfer Agent and
Registrar, Paying Agent
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(i) the Collateral Series
Supplement, dated as of August 21,
2001, between WFN Credit Company,
LLC, World Financial Network
National Bank and BNYMTC, as
amended, supplemented or otherwise
modified from time to time; and
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(ii) the Series 2007-VFC Supplement,
dated as of August 10, 2007, between
WFN Credit Company, LLC, World
Financial Network National Bank and
BNYMTC, as amended, supplemented or
otherwise modified from time to
time.
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Loan Agreement, among BNYMTC, WFN
Credit Company, LLC, as Transferor,
World Financial Network National
Bank, as Servicer, and the
Collateral Agents, Collateral
Funding Agents and Collateral
Investors party thereto, dated as of
August 10, 2007, with respect to the
Series 2007-VFC Collateral Investor
Interest
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Trustee
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