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) July 16, 2014
 

GE Capital Credit Card Master Note Trust
RFS Holding, L.L.C.
Synchrony Bank

(Exact Name of Issuing Entity, Depositor/Registrant and Sponsor
as Specified in their respective Charters)
 
Delaware
(State or Other Jurisdiction of Incorporation of Issuing Entity and Registrant)
 

333-107495, 333-130030, 333-144945,
333-169151, 333-107495-02,
333-130030-01, 333-144945-01,
333-169151-01

  57-1173164 (RFS Holding, L.L.C.)
20-0268039 (GE Capital Credit Card Master Note Trust)
(Commission File Numbers for Registrant and Issuing Entity, respectively)   (Registrants’ I.R.S. Employer Identification Nos. for Registrant and Issuing Entity, respectively)
 

777 Long Ridge Road
Stamford, Connecticut

06927
(Address of Principal Executive Offices)   (Zip Code)
 
(877) 441-5094
(Registrant’s Telephone Number, Including Area Code)
 
Not Applicable
(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:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
           

 
 

  

Item 1.01. Entry into Material Definitive Agreements.

 

On July 16, 2014, GE Capital Credit Card Master Note Trust (the “ Trust ”) and Deutsche Bank Trust Company Americas, as indenture trustee (the “ Indenture Trustee ”) entered into (i) the Supplemental Indenture No. 1 to Series 2009-4 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.1, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2009-4 Indenture Supplement, dated as of November 24, 2009, between the Trust and the Indenture Trustee; (ii) the Supplemental Indenture No. 2 to Series 2010-1 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.2, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2010-1 Indenture Supplement, dated as of March 31, 2010, between the Trust and the Indenture Trustee; (iii) the Supplemental Indenture No. 2 to Series 2010-2 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.3, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2010-2 Indenture Supplement, dated as of April 7, 2010, between the Trust and the Indenture Trustee; (iv) the Supplemental Indenture No. 1 to Series 2011-2 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.4, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2011-2 Indenture Supplement, dated as of June 16, 2011, between the Trust and the Indenture Trustee; (v) the Supplemental Indenture No. 1 to Series 2012-1 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.5, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2012-1 Indenture Supplement, dated as of January 25, 2012, between the Trust and the Indenture Trustee; (vi) the Supplemental Indenture No. 1 to Series 2012-2 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.6, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2012-2 Indenture Supplement, dated as of February 2, 2012, between the Trust and the Indenture Trustee; (vii) the Supplemental Indenture No. 1 to Series 2012-3 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.7, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2012-3 Indenture Supplement, dated as of April 18, 2012, between the Trust and the Indenture Trustee; (viii) the Supplemental Indenture No. 1 to Series 2012-4 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.8, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2012-4 Indenture Supplement, dated as of June 20, 2012, between the Trust and the Indenture Trustee; (ix) the Supplemental Indenture No. 1 to Series 2012-5 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.9, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2012-5 Indenture Supplement, dated as of June 20, 2012, between the Trust and the Indenture Trustee; (x) the Supplemental Indenture No. 1 to Series 2012-6 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.10, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2012-6 Indenture Supplement, dated as of August 29, 2012, between the Trust and the Indenture Trustee; (xi) the Supplemental Indenture No. 1 to Series 2012-7 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.11, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2012-7 Indenture Supplement, dated as of October 17, 2012, between the Trust and the Indenture Trustee; and (xii) the Supplemental Indenture No. 1 to Series 2013-1 Indenture Supplement, a copy of which is filed with this Form 8-K as Exhibit 4.12, pursuant to which the Trust and the Indenture Trustee amended certain provisions of the Series 2013-1 Indenture Supplement, dated as of March 26, 2013, between the Trust and the Indenture Trustee.

 

 
 

 

On July 16, 2014, pursuant to an Instrument of Resignation, Appointment and Acceptance, a copy of which is filed with this Form 8-K as Exhibit 4.13, effective as of the opening of business on July 22, 2014, General Electric Capital Corporation resigned, and Synchrony Financial was appointed, as “Administrator” under the Administration Agreement, dated as of September 25, 2003 between the Trust, General Electric Capital Corporation and BNY Mellon Trust of Delaware.

 

On July 16, 2014, the Trust and General Electric Capital Corporation entered into the Fourth Amendment to Servicing Agreement, a copy of which is filed with this Form 8-K as Exhibit 4.14, pursuant to which the Trust and General Electric Capital Corporation amended certain provisions of the Servicing Agreement, dated as of June 27, 2003.

 

Item 9.01. Financial Statements and Exhibits.

 

(a) Not applicable.

 

(b) Not applicable.

 

(c) Not applicable.

 

(d) Exhibits.

 

Exhibit No.

Document Description
   
4.1 Supplemental Indenture No. 1 to Series 2009-4 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.2 Supplemental Indenture No. 2 to Series 2010-1 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.3 Supplemental Indenture No. 2 to Series 2010-2 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.4 Supplemental Indenture No. 1 to Series 2011-2 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.5 Supplemental Indenture No. 1 to Series 2012-1 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.6 Supplemental Indenture No. 1 to Series 2012-2 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.7 Supplemental Indenture No. 1 to Series 2012-3 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.8 Supplemental Indenture No. 1 to Series 2012-4 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.9 Supplemental Indenture No. 1 to Series 2012-5 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.10 Supplemental Indenture No. 1 to Series 2012-6 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.11 Supplemental Indenture No. 1 to Series 2012-7 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.12 Supplemental Indenture No. 1 to Series 2013-1 Indenture Supplement, dated as of July 16, 2014, between the Trust and the Indenture Trustee.
4.13 Instrument of Resignation, Appointment and Acceptance, dated as of July 16, 2014, among the Trust, BNY Mellon Trust of Delaware, General Electric Capital Corporation and Synchrony Financial.
4.14 Fourth Amendment to Servicing Agreement, dated as of July 16, 2014, between the Trust and General Electric Capital Corporation.

 

 
 

 

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.

 

July 16, 2014

RFS Holding, L.L.C., as depositor
   
  By: /s/ Andrew Lee
  Name: Andrew Lee
  Title: Vice President
       

 

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2009-4 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2009-4 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2009-4 Indenture Supplement, dated as of November 24, 2009 (as supplemented by the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2009-4 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2009-4 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2009-4 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2009-4 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2009-4 Indenture Supplement .

 

(a) The reference to “$633,333,334” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2009-4 Indenture Supplement is hereby replaced with “$641,891,892”.

 

(b) The reference to “$30,083,334” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2009-4 Indenture Supplement is hereby replaced with “$38,641,892”.

 

(c) The reference to “4.75%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2009-4 Indenture Supplement is hereby replaced with “6.02%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2009-4 Indenture Supplement is amended as follows:

 

(i) The reference to “25.00%” in clause (a) is hereby replaced with “26.00%”;

 

(ii) The reference to “13.00%” in clause (b) is hereby replaced with “14.16%”; and

 

(iii) The reference to “4.75%” in clause (c) is hereby replaced with “6.02%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2009-4 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2009-4 and any action, (i) that Moody’s and S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which Moody’s or S&P, respectively, is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

2
 

 

(b) The Series 2009-4 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2009-4 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2009-4 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

(c) Except as expressly supplemented hereby, the Series 2009-4 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY MELLON TRUST OF DELAWARE, not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2009-4 Indenture Supplement
 

 

  DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
      Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2009-4 Indenture Supplement

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 2

TO SERIES 2010-1 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 2 TO SERIES 2010-1 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2010-1 Indenture Supplement, dated as of March 31, 2010 (as supplemented by Supplemental Indenture No. 1 to the Series 2010-1 Indenture Supplement, dated as of November 27, 2012, the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2010-1 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2010-1 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2010-1 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2010-1 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2010-1 Indenture Supplement .

 

(a) The reference to “$666,666,667” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2010-1 Indenture Supplement is hereby replaced with “$675,675,676”.

 

(b) The reference to “$31,666,667” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2010-1 Indenture Supplement is hereby replaced with “$40,675,676”.

 

(c) The reference to “4.75%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2010-1 Indenture Supplement is hereby replaced with “6.02%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2010-1 Indenture Supplement is amended as follows:

 

(i) The reference to “25.00%” in clause (a) is hereby replaced with “26.00%”;

 

(ii) The reference to “13.00%” in clause (b) is hereby replaced with “14.16%”; and

 

(iii) The reference to “4.75%” in clause (c) is hereby replaced with “6.02%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2010-1 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2010-1 and any action, (i) that Moody’s and S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which Moody’s or S&P, respectively, is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

2
 

 

(b) The Series 2010-1 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2010-1 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2010-1 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

(c) Except as expressly supplemented hereby, the Series 2010-1 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

  GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY MELLON TRUST OF DELAWARE, not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
      Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 2 to Series
2010-1 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
    Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 2 to Series
2010-1 Indenture Supplement

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 2

TO SERIES 2010-2 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 2 TO SERIES 2010-2 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2010-2 Indenture Supplement, dated as of April 7, 2010 (as supplemented by Supplemental Indenture No. 1 to the Series 2010-2 Indenture Supplement, dated as of November 27, 2012, the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2010-2 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2010-2 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2010-2 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2010-2 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2010-2 Indenture Supplement .

 

(a) The reference to “$333,333,334” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2010-2 Indenture Supplement is hereby replaced with “$337,837,838”.

 

(b) The reference to “$15,833,334” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2010-2 Indenture Supplement is hereby replaced with “$20,337,838”.

 

(c) The reference to “4.75%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2010-2 Indenture Supplement is hereby replaced with “6.02%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2010-2 Indenture Supplement is amended as follows:

 

(i) The reference to “25.00%” in clause (a) is hereby replaced with “26.00%”;

 

(ii) The reference to “13.00%” in clause (b) is hereby replaced with “14.16%”; and

 

(iii) The reference to “4.75%” in clause (c) is hereby replaced with “6.02%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2010-2 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2010-2 and any action, (i) that Moody’s and S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which Moody’s or S&P, respectively, is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

2
 

 

(b) The Series 2010-2 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2010-2 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2010-2 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

(c) Except as expressly supplemented hereby, the Series 2010-2 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY MELLON TRUST OF DELAWARE, not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
      Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 2 to Series
2010-2 Indenture Supplement
 

  

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 2 to Series
2010-2 Indenture Supplement

 

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2011-2 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2011-2 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and the Series 2011-2 Indenture Supplement, dated as of June 16, 2011 (as supplemented by the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2011-2 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2011-2 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2011-2 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2011-2 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2011-2 Indenture Supplement .

 

(a) The reference to “$852,459,017” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2011-2 Indenture Supplement is hereby replaced with “$928,571,429”.

 

(b) The reference to “$46,885,246” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2011-2 Indenture Supplement is hereby replaced with “$122,997,658”.

 

(c) The reference to “5.50%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2011-2 Indenture Supplement is hereby replaced with “13.25%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2011-2 Indenture Supplement is amended as follows:

 

(i) The reference to “23.75%” in clause (a) is hereby replaced with “30.00%”;

 

(ii) The reference to “12.75%” in clause (b) is hereby replaced with “19.90%”; and

 

(iii) The reference to “5.50%” in clause (c) is hereby replaced with “13.25%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2011-2 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2011-2 and any action, (i) that S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which S&P is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2011-2 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2011-2 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2011-2 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

2
 

 

(c) Except as expressly supplemented hereby, the Series 2011-2 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2011-2 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2011-2 Indenture Supplement

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2012-1 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2012-1 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2012-1 Indenture Supplement, dated as of January 25, 2012 (as supplemented by the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2012-1 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2012-1 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2012-1 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2012-1 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2012-1 Indenture Supplement .

 

(a) The reference to “$946,372,240” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2012-1 Indenture Supplement is hereby replaced with “$986,842,106”.

 

(b) The reference to “$37,854,890” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2012-1 Indenture Supplement is hereby replaced with “$78,324,756”.

 

(c) The reference to “4.00%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2012-1 Indenture Supplement is hereby replaced with “7.94%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2012-1 Indenture Supplement is amended as follows:

 

(i) The reference to “20.75%” in clause (a) is hereby replaced with “24.00%”;

 

(ii) The reference to “10.75%” in clause (b) is hereby replaced with “14.41%”; and

 

(iii) The reference to “4.00%” in clause (c) is hereby replaced with “7.94%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2012-1 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2012-1 and any action, (i) that S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which S&P is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2012-1 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2012-1 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2012-1 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

2
 

 

(c) Except as expressly supplemented hereby, the Series 2012-1 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2012-1 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
    By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2012-1 Indenture Supplement

 

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2012-2 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2012-2 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2012-2 Indenture Supplement, dated as of February 2, 2012 (as supplemented by the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2012-2 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2012-2 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2012-2 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2012-2 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2012-2 Indenture Supplement .

 

(a) The reference to “$757,097,792” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2012-2 Indenture Supplement is hereby replaced with “$789,473,685”.

 

(b) The reference to “$30,283,912” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2012-2 Indenture Supplement is hereby replaced with “$62,659,805”.

 

(c) The reference to “4.00%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2012-2 Indenture Supplement is hereby replaced with “7.94%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2012-2 Indenture Supplement is amended as follows:

 

(i) The reference to “20.75%” in clause (a) is hereby replaced with “24.00%”;

 

(ii) The reference to “10.75%” in clause (b) is hereby replaced with “14.41%”; and

 

(iii) The reference to “4.00%” in clause (c) is hereby replaced with “7.94%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2012-2 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2012-2 and any action, (i) that S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which S&P is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2012-2 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2012-2 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2012-2 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

2
 

 

(c) Except as expressly supplemented hereby, the Series 2012-2 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2012-2 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2012-2 Indenture Supplement

 

EXECUTION VERSION

  

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2012-3 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2012-3 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2012-3 Indenture Supplement, dated as of April 18, 2012 (as supplemented by the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2012-3 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2012-3 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2012-3 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

1
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2012-3 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2012-3 Indenture Supplement .

 

(a) The reference to “$524,590,164” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2012-3 Indenture Supplement is hereby replaced with “$571,428,572”.

 

(b) The reference to “$28,852,460” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2012-3 Indenture Supplement is hereby replaced with “$75,690,868”.

 

(c) The reference to “5.50%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2012-3 Indenture Supplement is hereby replaced with “13.25%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2012-3 Indenture Supplement is amended as follows:

 

(i) The reference to “23.75%” in clause (a) is hereby replaced with “30.00%”;

 

(ii) The reference to “12.75%” in clause (b) is hereby replaced with “19.90%”; and

 

(iii) The reference to “5.50%” in clause (c) is hereby replaced with “13.25%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2012-3 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2012-3 and any action, (i) that S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which S&P is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2012-3 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2012-3 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2012-3 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

2
 

 

(c) Except as expressly supplemented hereby, the Series 2012-3 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2012-3 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2012-3 Indenture Supplement

 

 

EXECUTION COPY

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2012-4 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2012-4 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2012-4 Indenture Supplement, dated as of June 20, 2012 (as supplemented by the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2012-4 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2012-4 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2012-4 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2012-4 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2012-4 Indenture Supplement .

 

(a) The reference to “$459,016,394” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2012-4 Indenture Supplement is hereby replaced with “$500,000,000”.

 

(b) The reference to “$25,245,902” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2012-4 Indenture Supplement is hereby replaced with “$66,229,508”.

 

(c) The reference to “5.50%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2012-4 Indenture Supplement is hereby replaced with “13.25%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2012-4 Indenture Supplement is amended as follows:

 

(i) The reference to “23.75%” in clause (a) is hereby replaced with “30.00%”;

 

(ii) The reference to “12.75%” in clause (b) is hereby replaced with “19.90%”; and

 

(iii) The reference to “5.50%” in clause (c) is hereby replaced with “13.25%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2012-4 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2012-4 and any action, (i) that S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which S&P is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2012-4 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2012-4 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2012-4 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

2
 

 

(c) Except as expressly supplemented hereby, the Series 2012-4 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2012-4 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2012-4 Indenture Supplement

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2012-5 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2012-5 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indentures, dated August 20, 2012 (the “ 2012 Omnibus Amendment ”); (iii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iv) the Series 2012-5 Indenture Supplement, dated as of June 20, 2012 (as supplemented by the 2012 Omnibus Amendment, the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2012-5 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2012-5 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2012-5 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

 
 

   

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2012-5 Indenture Supplement, as amended hereby.

 

SECTION 2.  Amendments to Series 2012-5 Indenture Supplement .

 

(a) The reference to “$757,097,792” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2012-5 Indenture Supplement is hereby replaced with “$789,473,685”.

 

(b) The reference to “$30,283,912” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2012-5 Indenture Supplement is hereby replaced with “$62,659,805”.

 

(c) The reference to “4.00%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2012-5 Indenture Supplement is hereby replaced with “7.94%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2012-5 Indenture Supplement is amended as follows:

 

(i) The reference to “20.75%” in clause (a) is hereby replaced with “24.00%”;

 

(ii) The reference to “10.75%” in clause (b) is hereby replaced with “14.41%”; and

 

(iii) The reference to “4.00%” in clause (c) is hereby replaced with “7.94%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2012-5 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2012-5 and any action, (i) that S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which S&P is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2012-5 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2012-5 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2012-5 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

2
 

 

(c) Except as expressly supplemented hereby, the Series 2012-5 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2012-5 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2012-5 Indenture Supplement

 

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2012-6 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2012-6 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iii) the Series 2012-6 Indenture Supplement, dated as of August 29, 2012 (as supplemented by the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2012-6 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2012-6 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2012-6 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2012-6 Indenture Supplement, as amended hereby.

 

1
 

 

SECTION 2.  Amendments to Series 2012-6 Indenture Supplement .

 

(a) The reference to “$1,261,829,653” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2012-6 Indenture Supplement is hereby replaced with “$1,315,789,474”.

 

(b) The reference to “$50,473,187” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2012-6 Indenture Supplement is hereby replaced with “$104,433,008”.

 

(c) The reference to “4.00%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2012-6 Indenture Supplement is hereby replaced with “7.94%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2012-6 Indenture Supplement is amended as follows:

 

(i) The reference to “20.75%” in clause (a) is hereby replaced with “24.00%”;

 

(ii) The reference to “10.75%” in clause (b) is hereby replaced with “14.41%”; and

 

(iii) The reference to “4.00%” in clause (c) is hereby replaced with “7.94%”.

 

(e) The definition of “Rating Agency Condition” in Section 1.1 of the Series 2012-6 Indenture Supplement is amended as follows:

 

Rating Agency Condition ” means, with respect to Series 2012-6 and any action, (i) that S&P shall have notified the Issuer in writing that such action will not result in a reduction or withdrawal of the rating, if any, of any outstanding Class with respect to which S&P is a Rating Agency or (ii) with respect to any outstanding Class rated by any other Rating Agency, 10 days’ prior written notice (or, if 10 days’ advance notice is impracticable, as much advance notice as is practicable) delivered electronically to each applicable Rating Agency as provided in Section 8.7 .

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2012-6 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2012-6 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2012-6 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

2
 

 

(c) Except as expressly supplemented hereby, the Series 2012-6 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2012-6 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2012-6 Indenture Supplement

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2012-7 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2012-7 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iii) the Series 2012-7 Indenture Supplement, dated as of October 17, 2012 (as supplemented by the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2012-7 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2012-7 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2012-7 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2012-7 Indenture Supplement, as amended hereby.

 

 
 

 

SECTION 2.  Amendments to Series 2012-7 Indenture Supplement .

 

(a) The reference to “$630,914,827” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2012-7 Indenture Supplement is hereby replaced with “$657,894,737”.

 

(b) The reference to “$25,236,594” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2012-7 Indenture Supplement is hereby replaced with “$52,216,504”.

 

(c) The reference to “4.00%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2012-7 Indenture Supplement is hereby replaced with “7.94%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2012-7 Indenture Supplement is amended as follows:

 

(i) The reference to “20.75%” in clause (a) is hereby replaced with “24.00%”;

 

(ii) The reference to “10.75%” in clause (b) is hereby replaced with “14.41%”; and

 

(iii) The reference to “4.00%” in clause (c) is hereby replaced with “7.94%”.

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2012-7 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2012-7 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2012-7 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

(c) Except as expressly supplemented hereby, the Series 2012-7 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

2
 

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2012-7 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2012-7 Indenture Supplement

 

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE NO. 1

TO SERIES 2013-1 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2013-1 INDENTURE SUPPLEMENT, dated as of July 16, 2014 (this “ Amendment ”), is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “ Issuer ”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as indenture trustee under the Master Indenture referred to below (in such capacity, the “ Indenture Trustee ”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are parties to (i) the Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9, 2004, among the Indenture Trustee, the Issuer and certain other parties, the Second Amendment to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture, dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008, between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the Issuer and the Indenture Trustee, the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer and the Indenture Trustee, and the Eighth Amendment to Master Indenture and Omnibus Supplement to Specified Indenture Supplements, dated as of March 11, 2014 (the “ March 2014 Omnibus Amendment ”), between the Issuer and the Indenture Trustee (as amended, the “ Master Indenture ”); (ii) the Omnibus Supplement to Specified Indenture Supplements, dated as of January 21, 2014 (the “ January 2014 Omnibus Amendment ”); and (iii) the Series 2013-1 Indenture Supplement, dated as of March 26, 2013 (as supplemented by the January 2014 Omnibus Amendment and the March 2014 Omnibus Amendment, the “ Series 2013-1 Indenture Supplement ”);

 

WHEREAS, the parties hereto desire to amend the Series 2013-1 Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of the Series 2013-1 Indenture Supplement, and all conditions precedent to the execution of this Amendment, as set forth in such Section 9.1(b) and each such Section 8.1, have been satisfied.

 

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

 

SECTION 1.  Definitions . As used herein, (a) capitalized terms which are defined in the preamble hereto shall have the meanings as so defined and (b) capitalized terms not so defined shall have the meanings set forth in the Master Indenture or the Series 2013-1 Indenture Supplement, as amended hereby.

 

 
 

 

SECTION 2.  Amendments to Series 2013-1 Indenture Supplement .

 

(a) The reference to “$1,009,463,723” in the definition of “Initial Collateral Amount” in Section 1.1 of the Series 2013-1 Indenture Supplement is hereby replaced with “$1,052,631,579”.

 

(b) The reference to “$40,378,549” in the definition of “Initial Excess Collateral Amount” in Section 1.1 of the Series 2013-1 Indenture Supplement is hereby replaced with “$83,546,405”.

 

(c) The reference to “4.00%” in the first sentence of the definition of “Required Excess Collateral Amount” in Section 1.1 of the Series 2013-1 Indenture Supplement is hereby replaced with “7.94%”.

 

(d) The definition of “Monthly Principal Reallocation Amount” in Section 1.1 of the Series 2013-1 Indenture Supplement is amended as follows:

 

(i) The reference to “20.75%” in clause (a) is hereby replaced with “24.00%”;

 

(ii) The reference to “10.75%” in clause (b) is hereby replaced with “14.41%”; and

 

(iii) The reference to “4.00%” in clause (c) is hereby replaced with “7.94%”.

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This Amendment shall become effective as of the date first set forth above when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.

 

(b) The Series 2013-1 Indenture Supplement, as supplemented hereby, remains in full force and effect. Any reference to the Series 2013-1 Indenture Supplement from and after the date hereof shall be deemed to refer to the Series 2013-1 Indenture Supplement as supplemented hereby, unless otherwise expressly stated.

 

(c) Except as expressly supplemented hereby, the Series 2013-1 Indenture Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recourse . It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment or any other related documents.

 

2
 

 

SECTION 5.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

 

(c) 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. Executed counterparts may be delivered electronically.

 

3
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

 

    GE CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer
         
  By:   BNY mellon trust of delaware , not in its
individual capacity, but solely on behalf of the
Issuer
         
    By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

  S- 1 Supplemental Indenture No. 1 to Series
2013-1 Indenture Supplement
 

 

    DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its
individual capacity, but solely as the
Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

  S- 2 Supplemental Indenture No. 1 to Series
2013-1 Indenture Supplement

 

 

EXECUTION VERSION

 

INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE (this “ Agreement ”), dated as of July 16, 2014, by and among GE CAPITAL CREDIT CARD MASTER NOTE TRUST, a Delaware statutory trust (“ Trust ”), BNY MELLON TRUST OF DELAWARE, as trustee (“ Trustee ”), GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (the “ Resigning Administrator ”), and SYNCHRONY FINANCIAL, a Delaware corporation (the “ Successor Administrator ”).

 

RECITALS

 

WHEREAS, Trust, Trustee and Resigning Administrator are parties to a Administration Agreement dated as of September 25, 2003 (as amended, the “ Administration Agreement ”); and

 

WHEREAS, the Resigning Administrator wishes to resign as Administrator under the Administration Agreement; the Trust wishes to appoint the Successor Administrator to succeed the Resigning Administrator as Administrator under the Administration Agreement; and the Successor Administrator wishes to accept appointment as Administrator under the Administration Agreement.

 

NOW, THEREFORE, in consideration of the mutual covenants and promises herein, the receipt and sufficiency of which is hereby acknowledged, the Trust, the Trustee the Resigning Administrator and the Successor Administrator agree as follows:

 

ARTICLE ON E

THE RESIGNING ADMINISTRATOR

 

Section 1.  Definitions .  Capitalized terms used in this Agreement and not otherwise defined herein are used as defined in the Administration Agreement.

 

Section 2.  Resignation .  Pursuant to Section 8 of the Administration Agreement, the Resigning Administrator hereby notifies the Trust that the Resigning Administrator is hereby resigning as Administrator under the Administration Agreement, effective as of the Effective Date. The Trust hereby consents to the resignation of the Resigning Administrator and waives the requirement to provide prior written notice of such resignation pursuant to Section 8(b) of the Administration Agreement.

 

Section 3. Appointment . The Trust hereby appoints the Successor Administrator as Administrator under the Administration Agreement, effective as of the Effective Date, and confirms to the Successor Administrator all the rights, powers, trusts and duties of the Administrator under the Administration Agreement.

 

Section 4.  Acceptance of Appointment . (a) The Successor Administrator hereby accepts its appointment as Administrator under the Administration Agreement, effective as of the Effective Date, and agrees to perform the duties and obligations set forth therein and shall hereby be vested with all the rights, powers, trusts and duties of the Administrator under the Administration Agreement.

 

 
 

 

(b) This Agreement shall not constitute (i) a waiver by any of the parties hereto of any obligation or liability which Resigning Administrator may have incurred in connection with its performance as Administrator under the Administration Agreement or (ii) an assumption by Successor Administrator of any liability of Resigning Administrator arising out of a breach by Resigning Administrator of its duties under the Administration Agreement. This Agreement does not constitute a waiver or assignment by Resigning Administrator of any compensation, reimbursement, expenses or indemnity to which it is or may be entitled pursuant to the Administration Agreement.

 

Section 5.  Waiver . Each of the Trust, the Resigning Administrator, in its capacity as Servicer, and Deutsche Bank Trust Company Americas, as Indenture Trustee, hereby waives the requirement to provide prior written notice of the Resigning Administrator’s resignation pursuant to Section 8(e) of the Administration Agreement.

 

Section 6.  Representations of Successor Administrator . The Successor Administrator hereby represents and warrants to the Resigning Administrator and to the Trust that this Agreement has been duly authorized, executed and delivered on behalf of the Successor Administrator and constitutes its legal, valid and binding obligation.

 

Section 7.  No Proceedings . From and after the date hereof and until the date one year plus one day following the date on which the Outstanding Balance of all Transferred Receivables have been reduced to zero, the Successor Administrator shall not, directly or indirectly, institute or cause to be instituted against the Trust any proceeding of the type referred to in the definition of “Insolvency Event”; provided that the foregoing shall not in any way limit the Successor Administrator’s right to pursue any other creditor rights or remedies that the Successor Administrator may have under any applicable law.

 

Section 8.  Notices . For the purposes of Section 10 of the Administration Agreement, all notices, whether faxed or mailed, will be deemed received as provided in Section 10 of the Administration Agreement when sent pursuant to the following instructions:

 

TO THE RESIGNING ADMINISTRATOR:

 

General Electric Capital Corporation

201 High Ridge Road

Stamford, Connecticut 06927

Attention: Legal Department

Fred.Robustelli@ge.com

vikas.anand@ge.com

 

With a copy to:

 

General Electric Capital Corporation

201 Merrit 7

Norwalk, Connecticut 06851

Attention: Capital Markets - Securitization

tom.davidson@ge.com

Michael.Paolillo@ge.com

 

  Instrument of Resignation and
Appointment –Administrator
 

 

TO THE SUCCESSOR ADMINISTRATOR:

 

Synchrony Financial

777 Long Ridge Road, Building B, 3 rd Floor

Stamford, Connecticut 06927

Attention: Treasury

daniel.ro@ge.com

andrew.lee@ge.com

 

TO THE TRUST:

 

GE Capital Credit Card Master Note Trust

c/o BNY Mellon Trust of Delaware

Bellevue Park Corporate Center

301 Bellevue Parkway, 3rd Floor

Wilmington, Delaware 19809

 

With a copy to:

 

Synchrony Financial

777 Long Ridge Road, Building B, 3 rd Floor

Stamford, Connecticut 06927

Attention: Treasury

daniel.ro@ge.com

andrew.lee@ge.com

 

Section 9.  Limitation of Liability of the Trustee . It is expressly understood and agreed by the parties hereto that (a) this document is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally, but solely as Trustee of the Trust, (b) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as a personal representation, undertaking and agreement by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Trust, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this document.

 

Section 10.  Miscellaneous. (a) This Agreement and the resignation, appointment and acceptance effected hereby shall be effective as of the opening of business on July 22, 2014 (the “ Effective Date ”); provided , that (i) each of the Trust, the Trustee, the Resigning Administrator and the Successor Administrator shall have executed a counterpart of this Agreement and (ii) the Rating Agency Condition shall have been satisfied.

 

    Instrument of Resignation and
Appointment –Administrator
 

 

(b) THIS AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401(1) OF THE GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAW PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

  

(c) 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 Agreement. Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement.

 

[Signature pages follow.]

 

    Instrument of Resignation and
Appointment –Administrator
 

 

IN WITNESS WHEREOF, the parties hereto have caused this Instrument of Resignation, Appointment and Acceptance to be duly executed as of the day and year first above written.

 

 

    GE CAPITAL CREDIT CARD MASTER
NOTE TRUST
         
    By:   BNY Mellon Trust of Delaware, not in its
individual capacity, but solely on behalf
of the Trust
         
  By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

    Instrument of Resignation and
Appointment –Administrator
 

 

    BNY MELLON TRUST OF DELAWARE, not
in its individual capacity, but solely on behalf of
the Trust
         
  By:   /s/ Kristine K. Gullo
        Name: Kristine K. Gullo
        Title: Vice President

 

    Instrument of Resignation and
Appointment –Administrator
 

 

    GENERAL ELECTRIC CAPITAL
CORPORATION, as Resigning Administrator
         
  By:   /s/ Brian Doubles
        Name: Brian Doubles
        Title: Vice President

 

    Instrument of Resignation and
Appointment –Administrator
 

 

    SYNCHRONY FINANCIAL, as Successor
Administrator
         
  By:   /s/ Brian Doubles
        Name: Brian Doubles
        Title: Chief Financial Officer

 

    Instrument of Resignation and
Appointment –Administrator
 

 

Solely for the purposes of the waiver set forth in Section 5 of this Agreement:

 

    DEUTSCHE BANK TRUST COMPANY
AMERICAS, as Indenture Trustee
         
  By:   /s/ Louis Bodi
        Name: Louis Bodi
        Title: Vice President
         
    By:   /s/ Mark Esposito
        Name: Mark Esposito
        Title: Assistant Vice President

 

    Instrument of Resignation and
Appointment –Administrator

 

 

EXECUTION VERSION

 

FOURTH AMENDMENT TO SERVICING AGREEMENT

 

This FOURTH AMENDMENT, dated as of July 16, 2014 (this “ Amendment ”) is between GE CAPITAL CREDIT CARD MASTER NOTE TRUST, a Delaware statutory trust (“ Successor Owner ”) and GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“ Servicer ”) to the Servicing Agreement, dated as of June 27, 2003 (as amended, the “ Servicing Agreement ”), between Successor Owner and Servicer.

 

PRELIMINARY STATEMENTS

 

1. Successor Owner and Servicer desire to amend certain provisions of the Servicing Agreement.

 

2. In consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, such parties hereby agree as follows:

 

AMENDMENTS

 

SECTION 1.  Amendments to the Servicing Agreement . The Servicing Agreement is hereby amended as follows:

 

(a) The first sentence of Section 6.1 shall be amended and restated as follows:

 

“Servicer may resign in the circumstances set forth in clause (a) , (b) or (c) of this Section 6.1 .

 

(b) The following subsection (c) shall be added at the end of Section 6.1:

 

“(c) Notwithstanding anything to the contrary in this Section 6.1 , Servicer may resign from the obligations and duties imposed hereunder if Synchrony Financial or an Affiliate of Synchrony Bank shall have accepted its appointment as Successor Servicer and assumed the responsibilities and obligations of Servicer in accordance with Section 6.2 ; provided that the ratings requirement set forth in the first sentence of Section 6.2 shall not apply to Synchrony Financial or any Affiliate of Synchrony Bank that is appointed as Successor Servicer and, for the avoidance of doubt, satisfaction of the Rating Agency Condition shall not be required for such resignation. Servicer may not resign pursuant to this Section 6.1(c) prior to the date on which the Notes of all Series that are Outstanding on July 16, 2014 shall have either been paid in full or shall have consented to such appointment.”

 

SECTION 2.  Representations and Warranties . In order to induce the parties hereto to enter into this Amendment, each party hereto represents and warrants unto the other party hereto as set forth in this Section 2 :

 

 
 

 

(a) The execution, delivery and performance by such party of this Amendment are within its powers, have been duly authorized by all necessary action, and do not: (i) contravene its organizational documents or (ii) contravene any contractual restriction, law or governmental regulation or court decree or order being on or affecting it.

 

(b) This amendment constitutes the legal, valid and binding obligation of such party enforceable against such party in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights and general equitable principles.

 

SECTION 3.  Binding Effect; Ratification .

 

(a) This amendment shall become effective, as of the date first set forth above, when:

 

(i) counterparts hereof shall have been executed and delivered by the parties hereto;

 

(ii) the Rating Agency Condition is satisfied with respect to this Amendment; and

 

(iii) the Transferor shall have delivered to the Successor Owner an Officer’s Certificate certifying that this Amendment will not cause an Adverse Effect (as defined in the Indenture).

 

(b) When the condition set forth in Section 3(a) above has been satisfied, (i) this Amendment shall become part of the Servicing Agreement and (ii) each reference in the Servicing Agreement to “this Agreement” or “hereof”, “hereunder” or words of like import, and each reference in any other Related Document (as defined in the Servicing Agreement) to the Servicing Agreement shall mean and be a reference to the Servicing Agreement as amended hereby.

 

SECTION 4.  Miscellaneous .

 

(a) THIS AMENDMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401(1) AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, BUT WITHOUT REGARD TO ANY OTHER CONFLICT OF LAW PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b) Headings used herein are for convenience of reference only and shall not affect the meanings of this Amendment.

 

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(c) This Amendment may be executed in any number of counterparts, and by parties hereto on separate counterparts, each of which shall be an original and all of which take together shall constitute one and the same agreement.

 

(d) Executed counterparts may be delivered electronically

 

(e) It is expressly understood and agreed by the parties hereto that (a) this document is executed and delivered by BNY Mellon Trust of Delaware, not individually or personally, but solely as Trustee of the Successor Owner, (b) each of the representations, undertakings and agreements herein made on the part of the Successor Owner is made and intended not as a personal representation, undertaking and agreement by BNY Mellon Trust of Delaware but is made and intended for the purpose of binding only the Borrower, (c) nothing herein contained shall be construed as creating any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment of any indebtedness or expenses of the Borrower or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Successor Owner under this document.

 

[Signature Pages Follow]

 

3
 

 

IN WITNESS WHEREOF, the Servicer and the Successor Owner have caused this Amendment to be duly executed by their respective officers as of the day and year first above written.

 

    GENERAL ELECTRIC CAPITAL
CORPORATION
, as Servicer
     
  By: /s/ Brian Doubles
    Name: Brian Doubles
    Title: Vice President

 

S- 1
 

 

    GE CAPITAL CREDIT CARD MASTER NOTE
TRUST
, as Successor Owner
     
    By: BNY Mellon Trust of Delaware, not in its
individual capacity, but solely as Trustee on
behalf of the Successor Owner  
     
  By: /s/ Kristine K. Gullo
    Name: Kristine K. Gullo
    Title: Vice President

 

  S- 2 Fourth Amendment to Servicing Agreement