<PAGE>

                                                                     EXHIBIT 4.1

                                                                  EXECUTION COPY

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                   NATIONAL CITY CREDIT CARD MASTER NOTE TRUST

                                    as Issuer

                                       and

                              THE BANK OF NEW YORK

                              as Indenture Trustee

                       SERIES 2006-1 INDENTURE SUPPLEMENT

                           dated as of March 30, 2006

                                       to

                                    INDENTURE

                           dated as of August 23, 2005

================================================================================

<PAGE>

                                TABLE OF CONTENTS

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                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
                                    ARTICLE I
             DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

Section 1.01.   Definitions .............................................     1
Section 1.02.   Governing Law ...........................................    11
Section 1.03.   Counterparts ............................................    11
Section 1.04.   Ratification of Indenture ...............................    11

                                   ARTICLE II
                                    THE NOTES

Section 2.01.   Creation and Designation ................................    12
Section 2.02.   Form of Delivery of the Series 2006-1 Notes; Depository;
                Denominations............................................    12
Section 2.03.   Delivery and Payment for the Series 2006-1 Notes ........    12

                                   ARTICLE III
                       ALLOCATIONS, DEPOSITS AND PAYMENTS

Section 3.01.   Allocations of Series 2006-1 Finance Charge Amounts .....    13
Section 3.02.   Determination of Monthly Interest .......................    14
Section 3.03.   Amounts to be Treated as Series 2006-1 Finance Charge
                Amounts; Other Deposits to the Collection Account .......    15
Section 3.04.   Allocations of Reductions from Investor Charge-Offs to
                the Nominal Liquidation Amount due to Investor
                Charge-Offs .............................................    16
Section 3.05.   Allocations of Reimbursements of Nominal Liquidation
                Amount Deficits .........................................    16
Section 3.06.   Application of Series 2006-1 Available Principal Amounts     17
Section 3.07.   Computation of Reductions to the Nominal Liquidation
                Amount from Reallocations of Series 2006-1 Available
                Principal Amounts .......................................    18
Section 3.08.   Targeted Deposits of Series 2006-1 Available Principal
                Amounts to the Principal Funding Account ................    18
Section 3.09.   Amounts to be Treated as Series 2006-1 Available
                Principal Amounts; Other Deposits to the Principal
                Funding Account .........................................    19
Section 3.10.   Withdrawals from Principal Funding Account ..............    20
Section 3.11.   Calculation of Nominal Liquidation Amount ...............    20
Section 3.12.   Sale of Receivables .....................................    22
Section 3.13.   Targeted Deposits to the Spread Account .................    23
Section 3.14.   Withdrawals from the Spread Account .....................    23
</TABLE>


                                       -i-

<PAGE>
                                TABLE OF CONTENTS
                                   (CONTINUED)

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<S>                                                                        <C>
Section 3.15.   Targeted Deposits to the Reserve Account ...............    24
Section 3.16.   Withdrawals from the Reserve Account ...................    24
Section 3.17.   Excess Finance Charge Amounts Sharing ..................    24
Section 3.18.   Excess Principal Amount Sharing ........................    24
Section 3.19.   Payments of Interest and Principal .....................    25
Section 3.20.   Calculation Agent; Determination of LIBOR ..............    25

                                   ARTICLE IV
                            EARLY REDEMPTION OF NOTES

Section 4.01.   Early Redemption Events ................................    27

                                    ARTICLE V
                            ACCOUNTS AND INVESTMENTS

Section 5.01.   Accounts ...............................................    28

                                   ARTICLE VI
                         REPRESENTATIONS AND WARRANTIES

Section 6.01.   Issuer's Representations and Warranties ................    29
</TABLE>


                                      -ii-

<PAGE>

                                    EXHIBITS

EXHIBIT A-1   [FORM OF] CLASS A NOTE

EXHIBIT A-2   [FORM OF] CLASS B NOTE

EXHIBIT A-3   [FORM OF] CLASS C NOTE

EXHIBIT B     [FORM OF] SERIES 2006-1 SCHEDULE TO PAYMENT INSTRUCTIONS

EXHIBIT C     [FORM OF] SERIES 2006-1 SCHEDULE TO MONTHLY NOTEHOLDERS' STATEMENT


                                      -iii-
<PAGE>

          This SERIES 2006-1 INDENTURE SUPPLEMENT (this "Indenture Supplement"),
by and between NATIONAL CITY CREDIT CARD MASTER NOTE TRUST, a statutory trust
created under the laws of the State of Delaware (the "Issuer"), having its
principal office at Rodney Square North, 1100 North Market Street, Wilmington,
Delaware 19890, and THE BANK OF NEW YORK, a New York banking corporation ( the
"Indenture Trustee"), is made and entered into as of March 30, 2006.

          Pursuant to this Indenture Supplement, the Issuer and the Trust shall
create a new series of Notes and shall specify the principal terms thereof.

                                   ARTICLE I

             Definitions and Other Provisions of General Application

     Section 1.01. Definitions. For all purposes of this Indenture Supplement,
except as otherwise expressly provided or unless the context otherwise requires:

          (1)  the terms defined in this Article have the meanings assigned to
               them in this Article, and include the plural as well as the
               singular;

          (2)  all other terms used herein which are defined in the Indenture,
               either directly or by reference therein, have the meanings
               assigned to them therein;

          (3)  all accounting terms not otherwise defined herein have the
               meanings assigned to them in accordance with generally accepted
               accounting principles and, except as otherwise herein expressly
               provided, the term "generally accepted accounting principles"
               with respect to any computation required or permitted hereunder
               shall mean such accounting principles as are generally accepted
               in the United States of America at the date of such computation;

          (4)  all references in this Indenture to designated "Articles,"
               "Sections" and other subdivisions are to the designated Articles,
               Sections and other subdivisions of this Indenture Supplement as
               originally executed. The words "herein," "hereof" and "hereunder"
               and other words of similar import refer to this Indenture
               Supplement as a whole and not to any particular Article, Section
               or other subdivision;

          (5)  in the event that any term or provision contained herein shall
               conflict with or be inconsistent with any term or provision
               contained in the Indenture, the terms and provisions of this
               Indenture Supplement shall be controlling;

          (6)  each capitalized term defined herein shall relate only to the
               Series 2006-1 Notes and no other Series of Notes issued by the
               Issuer; and

          (7)  "including" and words of similar import will be deemed to be
               followed by "without limitation."


                                       1

<PAGE>

          "Accumulation Commencement Date" means, March 1, 2010; provided,
however, that, if the Accumulation Period Length is less than twelve (12)
months, the Accumulation Commencement Date will be the first Business Day of the
month that is the number of whole months prior to the Scheduled Principal
Payment Date at least equal to the Accumulation Period Length and, as a result,
the number of Monthly Periods during the period from the Accumulation
Commencement Date to the Scheduled Principal Payment Date will at least equal
the Accumulation Period Length.

          "Accumulation Period Factor" means, for each Monthly Period, a
fraction, the numerator of which is equal to the sum of the initial Invested
Amounts of all outstanding Series (as defined in the Pooling and Servicing
Agreement) of Investor Certificates including the Collateral Certificate, and
the denominator of which is equal to the sum of (a) the Initial Dollar Principal
Amount of the Series 2006-1 Notes, (b) the initial Invested Amounts of all
outstanding Series of Investor Certificates issued by the Master Trust (other
than the Collateral Certificate) which are not expected to be in their revolving
periods (as such terms are defined in the Pooling and Servicing Agreement and
any Supplements thereto), (c) the initial Invested Amounts of all outstanding
Series of Investor Certificates issued by the Master Trust (other than the
Collateral Certificate) which are not allocating Shared Principal Collections to
other Series of Investor Certificates issued by the Master Trust and are in
their revolving periods (as such terms are defined in the Pooling and Servicing
Agreement and any Supplements thereto), and (d) the Initial Dollar Principal
Amount of any Series of notes (other than the Series 2006-1 Notes) of the Issuer
for which amounts are targeted to be deposited into a principal funding account
with respect to such Monthly Period; provided, however, that this definition may
be changed at any time if the Note Rating Agencies provide prior written
confirmation that a Ratings Effect will not occur with respect to such change.

          "Accumulation Period Length" is defined in Section 3.08(b)(ii).

          "Adjusted Outstanding Dollar Principal Amount" means, at any time, (i)
with respect to the Class A Notes, an amount, not less than zero, equal to the
Outstanding Dollar Principal Amount of the Class A Notes at such time, minus the
aggregate amount on deposit in the Principal Funding Account, (ii) with respect
to the Class B Notes, an amount, not less than zero, equal to the Outstanding
Dollar Principal Amount of the Class B Notes at such time, minus the excess, if
any, of the aggregate amount on deposit in the Principal Funding Account over
the Outstanding Dollar Principal Amount of the Class A Notes at such time, (iii)
with respect to the Class C Notes, an amount, not less than zero, equal to the
Outstanding Dollar Principal Amount of the Class C Notes at such time, minus the
excess, if any, of the aggregate amount on deposit in the Principal Funding
Account over the sum of the Outstanding Dollar Principal Amount of the Class A
Notes and the Outstanding Dollar Principal Amount of the Class B Notes at such
time, and (iv) with respect to the Series 2006-1 Notes, the sum of the Adjusted
Outstanding Dollar Principal Amount of the Class A Notes, the Adjusted
Outstanding Dollar Principal Amount of the Class B Notes and the Adjusted
Outstanding Dollar Principal Amount of the Class C Notes, each at such time.

          "Aggregate Investor Default Amount" is defined in the Series 2005-CC
Supplement.


                                       2

<PAGE>

          "Aggregate Series Finance Charge Shortfall" means the sum of the
Series Finance Charge Shortfalls (as such term is defined in each of the related
Indenture Supplements) for each Excess Finance Charge Sharing Series in Excess
Finance Charge Sharing Group A.

          "Aggregate Series Principal Amounts Shortfall" means the sum of the
Series Principal Amounts Shortfalls (as such term is defined in each of the
related Indenture Supplements) for each Excess Principal Amounts Sharing Series
in Excess Principal Amounts Sharing Group A.

          "Available Spread Account Amount" means, with respect to any
Distribution Date, an amount equal to the lesser of (a) the amount on deposit in
the Spread Account (exclusive of Spread Account Investment Earnings) on such
date (before giving effect to any deposit to, or withdrawal from, the Spread
Account made or to be made with respect to such date) and (b) the Required
Spread Account Amount for such Distribution Date.

          "Available Reserve Account Amount" means, with respect to any
Distribution Date, the lesser of (a) the amount on deposit in the Reserve
Account on such date (after taking into account any interest and earnings
retained in the Reserve Account pursuant to Section 403 of the Indenture on such
date, but before giving effect to any deposit made or to be made pursuant to
Section 3.01(g) to the Reserve Account on such date) and (b) the Required
Reserve Account Amount.

          "Base Rate" means, with respect to any Monthly Period, the annualized
percentage equivalent of a fraction, the numerator of which is equal to the sum
of the Class A Monthly Interest, the Class B Monthly Interest, the Class C
Monthly Interest and the Series 2006-1 Monthly Servicing Fee with respect to the
related Distribution Date and the denominator of which is the Nominal
Liquidation Amount for Series 2006-1 as of the last day of the preceding Monthly
Period.

          "Class A Additional Interest" shall have the meaning specified in
Section 3.02(a).

          "Class A Interest Shortfall" shall have the meaning specified in
Section 3.02(a).

          "Class A Monthly Interest" shall have the meaning specified in Section
3.02(a).

          "Class A Note" means any one of the Notes executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of Exhibit A-1.

          "Class A Note Rate" means, with respect to the Class A Notes, for the
period from and including the Closing Date through but excluding May 15, 2006,
and for each Interest Period thereafter, a per annum rate of 0.04% above LIBOR
determined on the related LIBOR Determination Date, calculated on the basis of
actual days elapsed and a 360-day year.

          "Class A Noteholder" means the Person in whose name a Class A Note is
registered in the Note Register.

          "Class B Additional Interest" shall have the meaning specified in
Section 3.02(b).


                                       3

<PAGE>

          "Class B Interest Shortfall" shall have the meaning specified in
Section 3.02(b).

          "Class B Monthly Interest" shall have the meaning specified in Section
3.02(b).

          "Class B Note" means any one of the Notes executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of Exhibit A-2.

          "Class B Note Rate" means, with respect to the Class B Notes, for the
period from and including the Closing Date through but excluding May 15, 2006,
and for each Interest Period thereafter, a per annum rate of 0.15% above LIBOR
determined on the related LIBOR Determination Date, calculated on the basis of
actual days elapsed and a 360-day year.

          "Class B Noteholder" means the Person in whose name a Class B Note is
registered in the Note Register.

          "Class C Additional Interest" shall have the meaning specified in
Section 3.02(c).

          "Class C Interest Shortfall" shall have the meaning specified in
Section 3.02(c).

          "Class C Monthly Interest" shall have the meaning specified in Section
3.02(c).

          "Class C Note" means any one of the Notes executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of Exhibit A-3.

          "Class C Note Rate" means, with respect to the Class C Notes, for the
period from and including the Closing Date through but excluding May 15, 2006,
and for each Interest Period thereafter, a per annum rate of 0.28% above LIBOR
determined on the related LIBOR Determination Date, calculated on the basis of
actual days elapsed and a 360-day year.

          "Class C Noteholder" means the Person in whose name a Class C Note is
registered in the Note Register.

          "Closing Date" means March 30, 2006.

          "Controlled Accumulation Amount" means, for any Transfer Date,
$35,416,666.67; provided, however, that if the Accumulation Period Length with
respect to such Series is determined to be less than twelve (12) months pursuant
to Section 3.08(b)(ii), the Controlled Accumulation Amount for any Distribution
Date will be equal to (i) the product of (x) the Initial Dollar Principal Amount
of the Series 2006-1 Notes and (y) the Accumulation Period Factor for such
Monthly Period divided by (ii) the Required Accumulation Factor Number.

          "Covered Amount" means an amount, determined as of each Distribution
Date with respect to any Interest Period, equal to the sum of (a) the product of
(i) a fraction, the numerator of which is the actual number of days in such
Interest Period and the denominator of which is 360, times (ii) the Class A Note
Rate in effect with respect to such Interest Period, times (iii) the aggregate
amount on deposit in the Principal Funding Account with respect to the
Outstanding Dollar Principal Amount of Class A Notes as of the Record Date
preceding such Distribution Date, plus (b) the product of (i) a fraction, the
numerator of which is the actual


                                       4

<PAGE>

number of days in such Interest Period and the denominator of which is 360,
times (ii) the Class B Note Rate in effect with respect to such Interest Period,
times (iii) the aggregate amount on deposit in the Principal Funding Account
with respect to the Outstanding Dollar Principal Amount of Class B Notes as of
the Record Date preceding such Distribution Date, plus (c) the product of (i) a
fraction, the numerator of which is the actual number of days in such Interest
Period and the denominator of which is 360, times (ii) the Class C Note Rate in
effect with respect to such Interest Period, times (iii) the aggregate amount on
deposit in the Principal Funding Account with respect to the Outstanding Dollar
Principal Amount of Class C Notes as of the Record Date preceding such
Distribution Date.

          "Excess Finance Charge Percentage" means, with respect to any
Distribution Date, an amount equal to the Portfolio Yield for the preceding
Monthly Period minus the Base Rate for such Monthly Period.

          "Finance Charge Receivables" is defined in the Pooling and Servicing
Agreement.

          "Initial Dollar Principal Amount" means (i) with respect to the Series
2006-1 Notes, $425,000,000, (ii) with respect to the Class A Notes,
$371,875,000, (iii) with respect to the Class B Notes, $25,500,000, and (iv)
with respect to the Class C Notes, $27,625,000.

          "Interest Payment Date" means the fifteenth day of each month
commencing May 15, 2006, or if such fifteenth day is not a Business Day, the
next succeeding Business Day.

          "Interest Period" means, with respect to any Interest Payment Date,
the period from and including the previous Interest Payment Date (or in the case
of the initial Interest Payment Date, from and including the Issuance Date)
through the day preceding such Interest Payment Date.

          "Investor Charge-Offs" means, with respect to any Distribution Date,
the aggregate amount, if any, by which the Series 2006-1 Investor Default
Amount, if any, for the preceding Monthly Period exceeds the Series 2006-1
Finance Charge Amounts for such Distribution Date available after giving effect
to clauses (a) through (d) of Section 3.01.

          "Issuance Date" means March 30, 2006.

          "Legal Maturity Date" means March 15, 2013.

          "LIBOR" means, for any Interest Period, the London interbank offered
rate for one-month United States dollar deposits determined by the Indenture
Trustee for each Interest Period in accordance with the provisions of Section
3.20.

          "LIBOR Determination Date" means (i) March 28, 2006 for the period
from and including the Closing Date through but excluding May 15, 2006, and (ii)
thereafter, the second London Business Day prior to the commencement of each
Interest Period.

          "London Business Day" means any Business Day on which dealings in
deposits in United States dollars are transacted in the London interbank market.


                                       5

<PAGE>

          "Monthly Interest" means, with respect to any Distribution Date, the
Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly
Interest for such Distribution Date.

          "Nominal Liquidation Amount" means, with respect to any Class of
Series 2006-1 Notes, the amount calculated pursuant to Section 3.11 of this
Indenture Supplement. The Nominal Liquidation Amount for the Series 2006-1 will
be the sum of the Nominal Liquidation Amounts of all of the Classes of Notes of
the Series 2006-1.

          "Nominal Liquidation Amount Deficit" means, with respect to any Class
of Series 2006-1 Notes, the excess of the Adjusted Outstanding Dollar Principal
Amount of that Class over the Nominal Liquidation Amount of that Class.

          "Outstanding Dollar Principal Amount" means, at any time, (i) with
respect to any Class of Series 2006-1 Notes, the Initial Dollar Principal Amount
of such Class of Series 2006-1 Notes at such time, less the amount of any
withdrawals from the Principal Funding Account for the Series 2006-1 Notes for
payment of principal to the Holders of such Class of Notes and (ii) with respect
to the Series 2006-1 Notes, the sum of the Outstanding Dollar Principal Amount
of the Class A Notes, the Outstanding Dollar Principal Amount of the Class B
Notes and the Outstanding Dollar Principal Amount of the Class C Notes, each at
such time.

          "Paying Agent" means The Bank of New York.

          "Portfolio Adjusted Yield" means, with respect to any Transfer Date,
the average of the percentages obtained for each of the three preceding Monthly
Periods by subtracting the Base Rate from the Portfolio Yield for such Monthly
Period.

          "Portfolio Yield" means, with respect to any Monthly Period, the
annualized percentage equivalent of a fraction, the numerator of which is (a)
the amount of Finance Charge Amounts allocated to Series 2006-1 pursuant to
Section 501 of the Indenture, plus (b) the Principal Funding Investment Proceeds
on the distribution date related to such Monthly Period plus (c) the amount of
the Reserve Draw Amount (up to the Available Reserve Account Amount) plus any
amounts of interest and earnings described in Section 403 of the Indenture, each
deposited into the Collection Account on the Distribution Date relating to such
Monthly Period, minus (d) the Series 2006-1 Investor Default Amount for such
Monthly Period, and the denominator of which is the Weighted Average Finance
Charge Allocation Amount for Series 2006-1 for such Monthly Period.

          "Principal Funding Account" means the trust account designated as such
and established pursuant to Section 5.01(a).

          "Principal Funding Account Amount" means, as of any date, the amount
on deposit in the Principal Funding Account on such date.

          "Principal Funding Investment Proceeds" shall mean, with respect to
each Distribution Date, the investment earnings on funds in the Principal
Funding Account (net of investment expenses and losses) for the period from and
including the immediately preceding Distribution Date to but excluding such
Distribution Date.


                                       6

<PAGE>

          "Quarterly Excess Finance Charge Percentage" means (a) with respect to
the May 2006 Distribution Date, the Excess Finance Charge Percentage for such
Payment Date, (b) with respect to the June 2006 Distribution Date, the
percentage equivalent of a fraction, the numerator of which is the sum of (i)
the Excess Finance Charge Percentage for the May 2006 Distribution Date and (ii)
the Excess Finance Charge Percentage with respect to the June 2006 Distribution
Date and the denominator of which is two, (c) with respect to the July 2006
Distribution Date, the percentage equivalent of a fraction, the numerator of
which is the sum of (i) the Excess Finance Charge Percentage for the May 2006
Distribution Date (ii) the Excess Finance Charge Percentage with respect to the
June 2006 Distribution Date and (iii) the Excess Finance Charge Percentage with
respect to the July 2006 Distribution Date and the denominator of which is three
and (d) with respect to the August 2006 Distribution Date and each Distribution
Date thereafter, the percentage equivalent of a fraction, the numerator of which
is the sum of the Excess Finance Charge Percentages determined with respect to
such Distribution Date and the immediately preceding two Distribution Dates and
the denominator of which is three.

          "Receivables Sales Proceeds" means the proceeds of any sale of
Receivables pursuant to Section 3.12. Receivables Sales Proceeds do not
constitute Available Principal Amounts.

          "Receivables Sales Proceeds Deposit Amount" means the amount, if any,
of Receivables Sales Proceeds on deposit in the Principal Funding Account.

          "Reference Banks" means four major banks in the London interbank
market selected by the Beneficiary.

          "Required Accumulation Factor Number" means a number equal to a
fraction, rounded upwards to the nearest whole number, the numerator of which is
one and the denominator of which is equal to the lowest monthly principal
payment rate on the Accounts (as defined in the Pooling and Servicing
Agreement), expressed as a decimal, for the twelve (12) months preceding the
date of such calculation; provided, however, that this definition may be changed
at any time if the Note Rating Agencies provide prior written confirmation that
a Ratings Effect with respect to any Outstanding Notes will not occur with
respect to such change.

          "Required Reserve Account Amount" means, with respect to any
Distribution Date on or after the Reserve Account Funding Date, an amount equal
to (a) 0.50% of the aggregate Outstanding Dollar Principal Amount of the Notes
or (b) any other amount designated by the Issuer; provided, however, that if
such designation is of a lesser amount, the Issuer shall (i) provide the
Servicer and the Indenture Trustee with evidence that such designation will not
cause a Ratings Effect and (ii) deliver to the Indenture Trustee a certificate
of an authorized officer to the effect that, based on the facts known to such
officer at such time, in the reasonable belief of the Issuer, such designation
will not cause an Early Redemption Event or an event that, after the giving of
notice or the lapse of time, would cause an Early Redemption Event to occur with
respect to Series 2006-1.

          "Required Spread Account Amount" means, for each Distribution Date,
the product of (i) the Spread Account Percentage in effect for such date and
(ii) the Initial Dollar Principal Amount of the Series 2006-1 Notes; provided
that if an Early Redemption Event or any


                                       7

<PAGE>

Event of Default with respect to Series 2006-1 shall occur and be continuing,
then the Required Spread Account Amount shall equal the Outstanding Dollar
Principal Amount (after taking into account any payments to be made on a related
Distribution Date) of the Class C Notes; provided further, in no event will the
Required Spread Account Amount exceed the Outstanding Dollar Principal Amount
(after taking into account any payments to be made on the related Distribution
Date) of the Class C Notes.

          "Reserve Account" means the trust account designated as such and
established pursuant to Section 5.01(a).

          "Reserve Account Earnings" means, with respect to each Distribution
Date, the investment earnings on funds in the Reserve Account (net of investment
expenses and losses) for the period from and including the immediately preceding
Distribution Date to but excluding such Distribution Date.

          "Reserve Account Funding Date" means the Distribution Date which
occurs not later than the earliest of (a) the Distribution Date with respect to
the Monthly Period which commences 3 months prior to the Accumulation
Commencement Date; (b) the first Distribution Date for which the Portfolio
Adjusted Yield is less than 2.0%, but in such event the Reserve Account Funding
Date shall not be required to occur earlier than the Distribution Date with
respect to the Monthly Period which commences twelve (12) months prior to the
Accumulation Commencement Date; (c) the first Distribution Date for which the
Portfolio Adjusted Yield is less than 3.0%, but in such event the Reserve
Account Funding Date shall not be required to occur earlier than the
Distribution Date with respect to the Monthly Period which commences six (6)
months prior to the Accumulation Commencement Date; and (d) the first
Distribution Date for which the Portfolio Adjusted Yield is less than 4.0%, but
in such event the Reserve Account Funding Date shall not be required to occur
earlier than the Distribution Date with respect to the Monthly Period which
commences four (4) months prior to the Accumulation Commencement Date.

          "Reserve Draw Amount" means, with respect to each Distribution Date
following any Monthly Period during which amounts targeted to be deposited into
the Principal Funding Account pursuant to Section 3.08 for any prior Monthly
Period remain on deposit in the Principal Funding Account or the first
Distribution Date after an Early Redemption Event or an Event of Default and
acceleration occurs, the amount, if any, by which the Principal Funding
Investment Proceeds for such Distribution Date are less than the Covered Amount
determined as of such Distribution Date.

          "Scheduled Principal Payment Date" means the March 2011 Distribution
Date.

          "Series 2006-1 Available Principal Amounts" means the sum of (a)
Available Principal Amounts allocated to the Series 2006-1 pursuant to Section
502 of the Indenture, (b) any amounts to be treated as Series 2006-1 Available
Principal Amounts pursuant to Section 3.09(a) and (c) any Shared Excess
Available Principal Amounts allocable to Series 2006-1 pursuant to Section 3.18.


                                       8

<PAGE>

          "Series 2006-1 Finance Charge Amounts" means, with respect to any
Distribution Date, the sum of (a) Finance Charge Amounts allocated to the Series
2006-1 pursuant to Section 501 of the Indenture and (b) any amounts to be
treated as Series 2006-1 Finance Charge Amounts pursuant to Sections 3.03(a) and
3.17(a).

          "Series 2006-1 Investor Default Amount" means, with respect to any
Monthly Period, the sum, for each day during such Monthly Period, of the product
of the Investor Default Amounts (as such term is defined in the Series 2005-CC
Supplement) with respect to each such day and a fraction the numerator of which
is the Finance Charge Allocation Amount for Series 2006-1 for such day and the
denominator of which is the Finance Charge Allocation Amount for all series of
Notes for such day.

          "Series 2006-1 Servicer Interchange" means, with respect to any
Monthly Period, an amount equal to the product of (a) the Servicer Interchange
(as such term is defined in the Series 2005-CC Supplement) with respect to such
Monthly Period and (b) a fraction the numerator of which is the Weighted Average
Finance Charge Allocation Amount for Series 2006-1 for such Monthly Period and
the denominator of which is the Weighted Average Finance Charge Allocation
Amount for all series of Notes for such Monthly Period.

          "Series 2006-1 Servicing Fee" means, with respect to any Monthly
Period, the pro rata portion of the Monthly Servicing Fee (as such term is
defined in the Series 2005-CC Supplement) allocable Series 2006-1 based on the
Weighted Average Finance Charge Allocation Percentage for Series 2006-1 for such
Monthly Period.

          "Series 2006-1 Termination Date" means the earliest to occur of (a)
the Principal Payment Date on which the Outstanding Dollar Principal Amount of
the Series 2006-1 Notes is paid in full, (b) the Legal Maturity Date and (c) the
date on which the Indenture is discharged and satisfied pursuant to Article VI
thereof.

          "Series Finance Charge Amounts Shortfall" means, with respect to any
Distribution Date with respect to the Series 2006-1, the excess, if any, of (a)
the aggregate amount targeted to be paid or applied pursuant to Sections 3.01(a)
through (f) for any Distribution Date over (b) the Series 2006-1 Finance Charge
Amounts (excluding any amounts to be treated as Series 2006-1 Finance Charge
Amounts pursuant to Section 3.17(a)) for such Distribution Date.

          "Series Finance Charge Collections Shortfall" means, with respect to
any Distribution Date with respect to the Series 2006-1, the excess, if any, of
(a) the aggregate amount targeted to be paid or applied pursuant to Sections
3.01(a) through (i) for any Distribution Date over (b) the Series 2006-1 Finance
Charge Amounts (including any amounts to be treated as Series 2006-1 Finance
Charge Amounts pursuant to Section 3.17(a)) for such Distribution Date.

          "Series Principal Amounts Shortfall" means, with respect to any
Distribution Date with respect to Series 2006-1, the excess, if any, of (a) the
aggregate amount targeted to be paid or applied pursuant to Sections 3.06(a)
through (d) for any Distribution Date over (b) the Series


                                       9

<PAGE>

2006-1 Available Principal Amounts (excluding any amounts to be treated as
Series 2006-1 Available Principal Amounts pursuant to Section 3.18(a)) for such
Distribution Date.

          "Series Principal Collections Shortfall" means, with respect to any
Distribution Date with respect to Series 2006-1, the excess, if any, of (a) the
aggregate amount targeted to be paid or applied pursuant to Sections 3.06(a)
through (d) for any Distribution Date over (b) the Series 2006-1 Available
Principal Amounts (including any amounts to be treated as Series 2006-1
Available Principal Amounts pursuant to Section 3.18(a)) for such Distribution
Date.

          "Shared Excess Available Principal Amounts" means, with respect to any
Distribution Date, (a) with respect to Series 2006-1, the amount of Series
2006-1 Available Principal Amounts for such Distribution Date available after
application in accordance with Sections 3.06(a) through (d) and (b) with respect
to any other Series of Notes, the amounts allocated to such other Series of
Notes which the applicable Indenture Supplements for such Series specify are to
be treated as "Shared Excess Available Principal Amounts."

          "Shared Excess Finance Charge Amounts" means, with respect to any
Distribution Date, (a) with respect to Series 2006-1, the amount of Series
2006-1 Finance Charge Amounts for such Distribution Date available after
application in accordance with Sections 3.01(a) through (i) and (b) with respect
to any other Series of Notes identified as an Excess Finance Charge Sharing
Series in Excess Finance Charge Sharing Group A, the amounts allocated to such
other Series of Notes which the applicable Indenture Supplements for such series
specify are to be treated as "Shared Excess Finance Charge Amounts."

          "Spread Account" means the trust account designated as such and
established pursuant to Section 5.01(a).

          "Spread Account Deficiency" means the excess, if any, of the Required
Spread Account Amount over the Available Spread Account Amount.

          "Spread Account Investment Earnings" means, with respect to any
Distribution Date, all interest and earnings on Eligible Investments included in
the Spread Account (net of losses and investment expenses) during the period
commencing on and including the Distribution Date immediately preceding such
Distribution Date and ending on but excluding such Distribution Date.

          "Spread Account Percentage" means (i) 0.0% if the Quarterly Excess
Finance Charge Percentage on such Payment Date is greater than or equal to
4.75%, (ii) 1.25% if the Quarterly Excess Finance Charge Percentage on such
Payment Date is less than 4.75% and greater than or equal to 4.50%, (iii) 1.75%
if the Quarterly Excess Finance Charge Percentage on such Payment Date is less
than 4.50% and greater than or equal to 4.00%, (iv) 2.75% if the Quarterly
Excess Finance Charge Percentage on such Payment Date is less than 4.00% and
greater than or equal to 3.50%, (v) 4.00% if the Quarterly Excess Finance Charge
Percentage on such Payment Date is less than 3.50% and greater than or equal to
3.00%, (vi) 5.00% if the Quarterly Excess Finance Charge Percentage on such
Payment Date is less than 3.00% and greater than or equal to 2.00% and (vii)
6.00% if the Quarterly Excess Finance Charge Percentage on such Payment Date is
less than 2.00%; provided, however, that after the Spread


                                       10
<PAGE>

Account Percentage has been increased to a percentage above 0.00% pursuant to
any of clauses (ii) through (vii) above, the Spread Account Percentage shall
remain at that percentage until (a) further increased to a higher required
percentage specified in clauses (iii) through (vii) above or (b) the
Distribution Date on which the Quarterly Excess Finance Charge Percentage has
increased to a level above that for the then current Spread Account Percentage,
in which case the Spread Account Percentage shall be decreased to the
appropriate percentage in clauses (i) through (vi) of the definition thereof;
provided further, however, that no such decrease in the Spread Account
Percentage shall be made until the Quarterly Excess Finance Charge Percentage
has increased to a level above that for the then current Spread Account
Percentage for three (3) consecutive Distribution Dates. Notwithstanding the
foregoing, if an Early Redemption Event with respect to Series 2006-1 has
occurred and is continuing, the Spread Account Percentage shall no longer be
subject to reduction.

          "Targeted Interest Deposit Amount" means, with respect to the Series
2006-1 Notes for any Distribution Date, the aggregate amount due and payable
pursuant to Sections 3.01(a), (b) and (d) for such Distribution Date.

          "Targeted Principal Deposit Amount" means, with respect to the Series
2006-1 Notes for any Distribution Date, the aggregate amount targeted to be
deposited in the Principal Funding Account pursuant to Section 3.08 for such
Distribution Date.

          "Telerate Page 3750" means the display page currently so designated on
the Moneyline Telerate Service (or such other page as may replace that page on
that service for the purpose of displaying comparable rates or prices).

          "Weighted Average Finance Charge Allocation Amount" means, with
respect to any Monthly Period for any series of Notes, the sum of the Finance
Charge Allocation Amount for such series, as of the close of business on each
day during such Monthly Period divided by the actual number of days in such
period.

     Section 1.02. Governing Law. THIS INDENTURE SUPPLEMENT WILL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT
REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.

     Section 1.03. Counterparts. This Indenture Supplement may be executed in
any number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the
same instrument.

     Section 1.04. Ratification of Indenture. As supplemented by this Indenture
Supplement, the Indenture is in all respects ratified and confirmed and the
Indenture as so supplemented by this Indenture Supplement shall be read, taken
and construed as one and the same instrument.

                               [END OF ARTICLE I]


                                       11

<PAGE>

                                   ARTICLE II

                                    The Notes

     Section 2.01. Creation and Designation.

     (a) There is hereby created a series of Notes to be issued pursuant to the
Indenture and this Indenture Supplement to be known as "National City Credit
Card Master Note Trust, Series 2006-1" or the "Series 2006-1 Notes." The Series
2006-1 Notes will be issued in three classes, the first of which shall be known
as the "Series 2006-1 Class A Notes," the second of which shall be known as the
"Series 2006-1 Class B Notes" and the third of which shall be known as the
"Series 2006-1 Class C Notes."

     (b) The Series 2006-1 shall be an Excess Finance Charge Sharing Series in
Excess Finance Charge Sharing Group A and shall not be in any other group. The
Series 2006-1 shall not be subordinated to any other series of Notes.

     Section 2.02. Form of Delivery of the Series 2006-1 Notes; Depository;
Denominations.

          (a) The Series 2006-1 Notes shall be delivered in the form of a global
Note as provided in Sections 202 and 301(i) of the Indenture, respectively.

          (b) The Depository for the Series 2006-1 Notes shall be The Depository
Trust Company, and the Series 2006-1 Notes shall initially be registered in the
name of Cede & Co., its nominee.

          (c) The Series 2006-1 Notes will be issued in minimum denominations of
$5,000 and multiples of $1,000 in excess of that amount.

     Section 2.03. Delivery and Payment for the Series 2006-1 Notes. The Issuer
shall execute and deliver the Series 2006-1 Notes to the Indenture Trustee for
authentication, and the Indenture Trustee shall deliver the Series 2006-1 Notes
when authenticated, each in accordance with Section 303 of the Indenture.

                               [END OF ARTICLE II]


                                       12

<PAGE>

                                  ARTICLE III

                       Allocations, Deposits and Payments

     Section 3.01. Allocations of Series 2006-1 Finance Charge Amounts. On each
Distribution Date, the Indenture Trustee will apply Series 2006-1 Finance Charge
Amounts, as follows:

     (a) first, an amount equal to Class A Monthly Interest for such
Distribution Date, plus the amount of any Class A Monthly Interest previously
due but not distributed to Class A Noteholders on a prior Distribution Date,
plus the amount of any Class A Additional Interest for such Distribution Date
and any Class A Additional Interest previously due but not distributed to Class
A Noteholders on a prior Distribution Date, shall be distributed to the Paying
Agent for payment to the Class A Noteholders;

     (b) second, an amount equal to Class B Monthly Interest for such
Distribution Date, plus the amount of any Class B Monthly Interest previously
due but not distributed to Class B Noteholders on a prior Distribution Date,
plus the amount of any Class B Additional Interest for such Distribution Date
and any Class B Additional Interest previously due but not distributed to Class
B Noteholders on a prior Distribution Date, shall be distributed to the Paying
Agent for payment to the Class B Noteholders;

     (c) third, an amount equal to the Series 2006-1 Servicing Fee for such
Distribution Date, plus the amount of any Series 2006-1 Servicing Fee previously
due but not distributed to the Servicer on a prior Distribution Date, shall be
distributed to the Servicer (unless such amount or any portion thereof has been
netted against deposits to the Collection Account in accordance with Section
4.03 of the Pooling and Servicing Agreement);

     (d) fourth, an amount equal to Class C Monthly Interest for such
Distribution Date, plus the amount of any Class C Monthly Interest previously
due but not distributed to Class C Noteholders on a prior Distribution Date,
plus the amount of any Class C Additional Interest for such Distribution Date
and any Class C Additional Interest previously due but not distributed to Class
C Noteholders on a prior Distribution Date, shall be distributed to the Paying
Agent for payment to the Class C Noteholders;

     (e) fifth, an amount equal to the Series 2006-1 Investor Default Amount for
such Distribution Date shall be treated as a portion of Series 2006-1 Available
Principal Amounts for such Distribution Date;

     (f) sixth, an amount equal to the aggregate Nominal Liquidation Amount
Deficit, if any, for such Distribution Date shall be treated as a portion of
Series 2006-1 Available Principal Amounts for such Distribution Date;

     (g) seventh, on each Distribution Date from and after the Reserve Account
Funding Date, an amount up to the excess, if any, of the Required Reserve
Account Amount over the Available Reserve Account Amount shall be deposited into
the Reserve Account;


                                       13

<PAGE>

     (h) eighth, on each Distribution Date, an amount equal to the Spread
Account Deficiency shall be deposited into the Spread Account;

     (i) ninth, if an Event of Default and acceleration of the maturity of the
Series 2006-1 Notes pursuant to Section 7.02 of the Indenture has occurred on or
prior to such Distribution Date, an amount up to the Series 2006-1 Outstanding
Dollar Principal Amount on such Distribution Date minus the amount of Series
2006-1 Available Principal Amounts (not taking into account amounts available
under this clause (i)) and amounts, if any, on deposit in the Principal Funding
Account available to pay principal on the Class A Notes, the Class B Notes, and
the Class C Notes on such Distribution Date, shall be treated as a portion of
Series 2006-1 Available Principal Amounts for such Distribution Date;

     (j) tenth, an amount, if any, to be treated as Shared Excess Finance Charge
Amounts for application in accordance with Section 506 of the Indenture; and

     (k) eleventh, to be paid to the Servicer and treated as Excess Finance
Charge Collections for application in accordance with Section 4.05 of the
Pooling and Servicing Agreement.

     Section 3.02. Determination of Monthly Interest.

     (a) The amount of monthly interest ("Class A Monthly Interest")
distributable from the Collection Account with respect to the Class A Notes on
any Distribution Date shall be an amount equal to the product of (i) (A) a
fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (B) the Class A Note
Rate and (ii) the Outstanding Dollar Principal Amount of the Class A Note as of
the close of business on the last day of the preceding Monthly Period.

     On the Determination Date preceding each Distribution Date, the Servicer
shall determine the excess, if any (the "Class A Interest Shortfall"), of (x)
the Class A Monthly Interest for such Distribution Date over (y) the aggregate
amount of funds allocated and available to pay such Class A Monthly Interest on
such Distribution Date. If the Class A Interest Shortfall with respect to any
Distribution Date is greater than zero, an additional amount ("Class A
Additional Interest") equal to the product of (i) (A) a fraction, the numerator
of which is the actual number of days in the related Interest Period and the
denominator of which is 360, times (B) the Class A Note Rate and (ii) such Class
A Interest Shortfall (or the portion thereof which has not been paid to the
Class A Noteholders) shall be payable as provided herein with respect to the
Class A Notes on each Distribution Date following such Distribution Date to and
including the Distribution Date on which such Class A Interest Shortfall is paid
to the Class A Noteholders.

     (b) The amount of monthly interest ("Class B Monthly Interest")
distributable from the Collection Account with respect to the Class B Notes on
any Distribution Date shall be an amount equal to the product of (i) (A) a
fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (B) the Class B Note
Rate and (ii) the Outstanding Dollar Principal Amount of the Class B Notes as of
the close of business on the last day of the preceding Monthly Period.


                                       14

<PAGE>

     On the Determination Date preceding each Distribution Date, the Servicer
shall determine the excess, if any (the "Class B Interest Shortfall"), of (x)
the Class B Monthly Interest for such Distribution Date over (y) the aggregate
amount of funds allocated and available to pay such Class B Monthly Interest on
such Distribution Date. If the Class B Interest Shortfall with respect to any
Distribution Date is greater than zero, an additional amount ("Class B
Additional Interest") equal to the product of (i) (A) a fraction, the numerator
of which is the actual number of days in the related Interest Period and the
denominator of which is 360, times (B) the Class B Note Rate and (ii) such Class
B Interest Shortfall (or the portion thereof which has not been paid to the
Class B Noteholders) shall be payable as provided herein with respect to the
Class B Notes on each Distribution Date following such Distribution Date to and
including the Distribution Date on which such Class B Interest Shortfall is paid
to the Class B Noteholders.

     (c) The amount of monthly interest ("Class C Monthly Interest")
distributable from the Collection Account with respect to the Class C Notes on
any Distribution Date shall be an amount equal to the product of (i) (A) a
fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (B) the Class C Note
Rate and (ii) the Outstanding Dollar Principal Amount of the Class C Notes as of
the close of business on the last day of the preceding Monthly Period.

     On the Determination Date preceding each Distribution Date, the Servicer
shall determine the excess, if any (the "Class C Interest Shortfall"), of (x)
the Class C Monthly Interest for such Distribution Date over (y) the aggregate
amount of funds allocated and available to pay such Class C Monthly Interest on
such Distribution Date. If the Class C Interest Shortfall with respect to any
Distribution Date is greater than zero, an additional amount ("Class C
Additional Interest") equal to the product of (i) (A) a fraction, the numerator
of which is the actual number of days in the related Interest Period and the
denominator of which is 360, times (B) the Class C Note Rate and (ii) such Class
C Interest Shortfall (or the portion thereof which has not been paid to the
Class C Noteholders) shall be payable as provided herein with respect to the
Class C Notes on each Distribution Date following such Distribution Date to and
including the Distribution Date on which such Class C Interest Shortfall is paid
to the Class C Noteholders.

     Section 3.03. Amounts to be Treated as Series 2006-1 Finance Charge
Amounts; Other Deposits to the Collection Account. The following deposits and
payments will be made on the following dates:

     (a) Amounts to be Treated as Series 2006-1 Finance Charge Amounts. In
addition to Finance Charge Amounts allocated to the Series 2006-1 pursuant to
Section 501 of the Indenture, the following amounts shall be treated as Series
2006-1 Finance Charge Amounts for application in accordance with this Article
III for any Monthly Period:

          (i) Reserve Draw Amount. The aggregate amount withdrawn from the
     Reserve Account pursuant to Section 3.16 will be treated as Series 2006-1
     Finance Charge Amounts for such Monthly Period.

          (ii) Shared Excess Finance Charge Amounts. Any Shared Excess Finance
     Charge Amounts allocable to the Series 2006-1 will be treated as Series
     2006-1 Finance Charge Amounts pursuant to Section 3.17.


                                       15

<PAGE>

     (b) Other Deposits to the Collection Account for Series 2006-1.

          (i) Spread Account. Withdrawals made from the Spread Account pursuant
     to Section 3.14(a) will be deposited into the Collection Account for Series
     2006-1 on the Distribution Date.

          (ii) Receivables Sales Proceeds. Receivables Sales Proceeds received
     by the Issuer pursuant to Section 3.12(c)(ii) will be deposited into the
     Collection Account for Series 2006-1 on the date of receipt by the Issuer.

     Section 3.04. Allocations of Reductions from Investor Charge-Offs to the
Nominal Liquidation Amount due to Investor Charge-Offs.

     (a) On each Distribution Date when there is an Investor Charge-Off with
respect to the related Monthly Period, the amount of such Investor Charge-Off
will be allocated on that date to each Class of Series 2006-1 Notes as set forth
in this Section 3.04. The amount of each Investor Charge-Off will be allocated
to each Class of Series 2006-1 Notes to reduce its Nominal Liquidation Amount.
If such allocation (or any portion of it) would reduce the Nominal Liquidation
Amount of a Class of Series 2006-1 Notes below zero, the amount that would cause
the Nominal Liquidation Amount to be reduced below zero will be allocated
(subject to the restriction set forth in this sentence) to other Classes of
Series 2006-1 Notes. In no event will the Nominal Liquidation Amount (after
giving effect to this clause (a)) of any Class of Series 2006-1 Notes be reduced
below zero.

     (b) On each Distribution Date, the amount of each Investor Charge-Off will
be allocated in the following order of priority:

          (i) first, to the Class C Notes until the Nominal Liquidation Amount
     of the Class C Notes has been reduced to zero;

          (ii) second, after the Nominal Liquidation Amount of the Class C Notes
     has been reduced to zero, to the Class B Notes until the Nominal
     Liquidation Amount of the Class B Notes has been reduced to zero; and

          (iii) third, after the Nominal Liquidation Amount of the Class B Notes
     has been reduced to zero, to the Class A Notes until the Nominal
     Liquidation Amount of the Class A Notes has been reduced to zero.

     Section 3.05. Allocations of Reimbursements of Nominal Liquidation Amount
Deficits. If, as of any Distribution Date, there are Series 2006-1 Finance
Charge Amounts available pursuant to Section 3.01(f) to reimburse any Nominal
Liquidation Amount Deficits as of such Distribution Date, such funds will be
allocated to each Class of Series 2006-1 Notes as follows:

     (a) first, to the Class A Notes, but in no event will the Nominal
Liquidation Amount of the Class A Notes be increased above the Adjusted
Outstanding Dollar Principal Amount of the Class A Notes;


                                       16

<PAGE>

     (b) second, to the Class B Notes, but in no event will the Nominal
Liquidation Amount of the Class B Notes be increased above the Adjusted
Outstanding Dollar Principal Amount of the Class B Notes; and

     (c) third, to the Class C Notes, but in no event will the Nominal
Liquidation Amount of the Class C Notes be increased above the Adjusted
Outstanding Dollar Principal Amount of the Class C Notes.

     Section 3.06. Application of Series 2006-1 Available Principal Amounts. On
each Distribution Date, the Indenture Trustee will apply Series 2006-1 Available
Principal Amounts as follows:

     (a) first, with respect to each Monthly Period, if after giving effect to
deposits to be made with respect to such Monthly Period pursuant to Section
3.01(a), the Class A Notes have not received the full amount due and payable
pursuant to Section 3.01(a) with respect to that Monthly Period, then Series
2006-1 Available Principal Amounts in an amount equal to the amount of such
insufficiency (such amount not to exceed the aggregate Nominal Liquidation
Amounts of the Class C Notes and Class B Notes as of such Distribution Date
(calculated after giving effect to Section 3.04 with respect to such Monthly
Period)) shall be distributed to the Paying Agent for payment to the Class A
Noteholders;

     (b) second, with respect to each Monthly Period, if after giving effect to
deposits to be made with respect to such Monthly Period pursuant to Section
3.01(b), the Class B Notes have not received the full amount due and payable
pursuant to Section 3.01(b) with respect to that Monthly Period, then Series
2006-1 Available Principal Amounts in an amount equal to the amount of such
insufficiency (such amount not to exceed the Nominal Liquidation Amount of the
Class C Notes as of such Distribution Date (calculated after giving effect to a
Section 3.04 with respect to such Monthly Period) minus the aggregate amount of
Series 2006-1 Available Principal Amounts reallocated pursuant to clause (a)
above) shall be distributed to the Paying Agent for payment to the Class B
Noteholders;

     (c) third, with respect to each Monthly Period, if after giving effect to
deposits to be made with respect to such Monthly Period pursuant to Section
3.01(c), the Servicer has not received the full amount to be paid pursuant to
Section 3.01(c) with respect to that Monthly Period, then Series 2006-1
Available Principal Amounts in an amount equal to the amount of such
insufficiency (such amount not to exceed the aggregate Nominal Liquidation
Amounts of the Class C Notes and Class B Notes as of such Distribution Date
(calculated after giving effect to any Investor Charge-Offs with respect to such
Monthly Period) minus the aggregate amount of Series 2006-1 Available Principal
Amounts reallocated pursuant to clauses (a) and (b) above) will be paid to the
Servicer;

     (d) fourth, to make the targeted deposits to the Principal Funding Account
pursuant to Section 3.08;

     (e) fifth, to be treated as Shared Excess Available Principal Amounts for
application in accordance with Section 505 of the Indenture; and


                                       17

<PAGE>

     (f) sixth, to be paid to the Servicer and treated as Shared Principal
Collections for application in accordance with Section 4.04 of the Pooling and
Servicing Agreement.

     Section 3.07. Computation of Reductions to the Nominal Liquidation Amount
from Reallocations of Series 2006-1 Available Principal Amounts.

     (a) Each reallocation of Series 2006-1 Available Principal Amounts pursuant
to Section 3.06(a) will reduce the Nominal Liquidation Amount of the Class C
Notes; provided, however, that the amount of such reduction shall not exceed the
Nominal Liquidation Amount of the Class C Notes (after giving effect to any
reductions pursuant to Section 3.04).

     (b) Each reallocation of Series 2006-1 Available Principal Amounts pursuant
to Section 3.06(a) which does not reduce the Nominal Liquidation Amount of Class
C Notes pursuant to clause (a) above will reduce the Nominal Liquidation Amount
of the Class B Notes; provided, however, that the amount of such reduction shall
not exceed the Nominal Liquidation Amount of the Class B Notes (after giving
effect to any reductions pursuant to Section 3.04).

     (c) Each reallocation of Series 2006-1 Available Principal Amounts pursuant
to Section 3.06(b) will reduce the Nominal Liquidation Amount (determined after
giving effect to clause (a) above and Section 3.04) of the Class C Notes.

     (d) Each reallocation of Series 2006-1 Available Principal Amounts pursuant
to Section 3.06(c) will reduce the Nominal Liquidation Amount (determined after
giving effect to clauses (a) and (c) above) of the Class C Notes; provided,
however, that the amount of such reduction shall not exceed the Nominal
Liquidation Amount of the Class C Notes (after giving effect to clauses (a) and
(c) above and Section 3.04).

     (e) Each reallocation of Series 2006-1 Available Principal Amounts pursuant
to Section 3.06(c) which does not reduce the Nominal Liquidation Amount of Class
C Notes pursuant to clause (d) above will reduce the Nominal Liquidation Amount
(determined after giving effect to clause (b) above) of the Class B Notes;
provided, however, that the amount of such reduction shall not exceed the
Nominal Liquidation Amount of the Class B Notes (after giving effect to clause
(b) above and Section 3.04).

     Section 3.08. Targeted Deposits of Series 2006-1 Available Principal
Amounts to the Principal Funding Account. The amount targeted to be deposited
into the Principal Funding Account with respect to any Monthly Period will be
the sum of (i) the amount determined pursuant to clause (a), (b) or (c) below
for such Monthly Period, as applicable, or if more than one such clause is
applicable, the highest amount determined pursuant to any one of such clauses,
and (ii) any deposit targeted pursuant to clause (i) for any prior Monthly
Period but for which the full targeted deposit was not made, but in no case more
than the Nominal Liquidation Amount of Series 2006-1 (computed immediately
before giving effect to such deposit but after giving effect to Sections 3.04
and 3.06 on such date).

     (a) Scheduled Principal Payment Date. With respect to the Monthly Period
immediately preceding the Scheduled Principal Payment Date, the deposit targeted
is equal to the Nominal Liquidation Amount of Series 2006-1 as of the close of
business on the last day of the Monthly Period preceding such Monthly Period
(determined after giving effect to Section


                                       18

<PAGE>

3.04 with respect to such Monthly Period and any applications, payments or
deposits on the following Distribution Date).

     (b) Accumulation Deposits.

          (i) Subject to Section 3.08(c), with respect to each Monthly Period,
     beginning with the Accumulation Commencement Date, the deposit targeted to
     be made into the Principal Funding Account will be the Controlled
     Accumulation Amount.

          (ii) Notwithstanding anything to the contrary in clause (i), on or
     before the Distribution Date immediately preceding the first Business Day
     of the month that is twelve (12) months prior to the Scheduled Principal
     Payment Date, and each Determination Date thereafter until the Accumulation
     Commencement Date, the Issuer will determine the "Accumulation Period
     Length" which will equal the number of whole months such that the sum of
     the Accumulation Period Factors for each month during such period will be
     equal to or greater than the Required Accumulation Factor Number; provided,
     however, that the Accumulation Period Length will not be determined to be
     less than one month; provided further, however, that the determination of
     the Accumulation Period Length may be changed at any time if the Note
     Rating Agencies provide prior written confirmation that a Ratings Effect
     will not occur with respect to such change.

     (c) Event of Default, Early Redemption Event, Other Optional or Mandatory
Redemption. If the Series 2006-1 Notes have been accelerated during a Monthly
Period after the occurrence of an Event of Default, or if an Early Redemption
Event with respect to the Series 2006-1 Notes occurs during such Monthly Period,
or with respect to the Monthly Period immediately preceding any other date fixed
for any other optional or mandatory redemption of the Series 2006-1 Notes, the
deposit targeted with respect to that Monthly Period and each following Monthly
Period is equal to Nominal Liquidation Amount of the Series 2006-1 Notes as of
the close of business on the last day of the preceding Monthly Period (after
taking into account any applications, payments or deposits on the following
Distribution Date).

     Section 3.09. Amounts to be Treated as Series 2006-1 Available Principal
Amounts; Other Deposits to the Principal Funding Account. The following deposits
and payments will be made on the following dates:

     (a) Amounts to be Treated as Series 2006-1 Available Principal Amounts. In
addition to Available Principal Amounts allocated to the Series 2006-1 pursuant
to Section 502 of the Indenture, Series 2006-1 Available Principal Amounts will
include Series 2006-1 Finance Change Amounts reallocated to be treated as Series
2006-1 Available Principal Amounts pursuant to Section 3.01(e), 3.01(f) or
3.01(i) for application with this Article III for any Monthly Period.

     (b) Spread Account. Withdrawals made from the Spread Account pursuant to
Section 3.14(b) will be deposited into the Principal Funding Account on the
Distribution Date.


                                       19

<PAGE>

     (c) Receivables Sale Proceeds. Receivables Sales Proceeds received pursuant
to Section 3.12(c)(i) for the Series 2006-1 Notes will be deposited into the
Principal Funding Account on the date of receipt by the Issuer.

     Section 3.10. Withdrawals from Principal Funding Account. On each Principal
Payment Date with respect to the Series 2006-1 Notes, the aggregate amount on
deposit in the Principal Funding Account will be withdrawn from the Principal
Funding Account and remitted to the Paying Agent; provided, however, that the
aggregate amount remitted to the Paying Agent will not exceed the Outstanding
Dollar Principal Amount of the Series 2006-1 Notes. Payments made by the Paying
Agent on each Principal Payment Date shall be made first to the Class A
Noteholders until paid in full, second to the Class B Noteholders until paid in
full and third to the Class C Noteholders until paid in full, each in accordance
with Section 3.19.

     Section 3.11. Calculation of Nominal Liquidation Amount.

     (a) On or prior to each Distribution Date, the Issuer shall calculate the
Nominal Liquidation Amount of the Class A Notes which shall be the following
amount:

          (i) the Initial Dollar Principal Amount of the Class A Notes, plus

          (ii) the aggregate amount of all reimbursements of the Nominal
     Liquidation Amount Deficit for the Class A Notes pursuant to Section
     3.01(f) on or prior to such date, determined as set forth in Section 3.05;
     minus

          (iii) the aggregate amount of the reduction of the Nominal Liquidation
     Amount of Class A Notes resulting from an allocation of Investor
     Charge-Offs on or prior to such date, determined as set forth in Section
     3.04; minus

          (iv) an amount equal to the lesser of (x) the aggregate amount on
     deposit in the Principal Funding Account (after giving effect to any
     deposits, allocations, reallocations or withdrawals to be made on such
     date) and (y) the Outstanding Dollar Principal Amount of the Class A Notes;
     minus

          (v) the aggregate amount of principal payments made to the Class A
     Noteholders on or prior to such date;

provided, however, that (1) the Nominal Liquidation Amount of the Class A Notes
may never be less than zero, (2) the Nominal Liquidation Amount of the Class A
Notes may never be greater than the Outstanding Dollar Principal Amount of the
Class A Notes and (3) the Nominal Liquidation Amount of the Class A Notes
following a sale of Receivables pursuant to Section 3.12 will be zero.

     (b) On or prior to each Distribution Date, the Issuer shall calculate the
Nominal Liquidation Amount of the Class B Notes which shall be the following
amount:

          (i) the Initial Dollar Principal Amount of the Class B Notes, plus


                                       20
<PAGE>

          (ii) the aggregate amount of all reimbursements of the Nominal
     Liquidation Amount Deficit for the Class B Notes pursuant to Section
     3.01(f) on or prior to such date, determined as set forth in Section 3.05;
     minus

          (iii) the amount of the reduction of the Nominal Liquidation Amount of
     Class B Notes resulting from any reallocations of Series 2006-1 Available
     Principal Amounts pursuant to Section 3.06(a) or (c) on or prior to such
     date, determined as set forth in Section 3.07; minus

          (iv) the aggregate amount of the reduction of the Nominal Liquidation
     Amount of Class B Notes resulting from an allocation of Investor
     Charge-Offs on or prior to such date, determined as set forth in Section
     3.04; minus

          (v) an amount equal to the lesser of (x) the aggregate amount on
     deposit in the Principal Funding Account (after giving effect to any
     deposits, allocations, reallocations or withdrawals to be made on such
     date) minus the Adjusted Outstanding Dollar Principal Amount of the Class A
     Notes and (y) the Outstanding Dollar Principal Amount of the Class B Notes;
     minus

          (vi) the aggregate amount of principal payments made to the Class B
     Noteholders on or prior to such date;

provided, however, that (1) the Nominal Liquidation Amount of the Class B Notes
may never be less than zero, (2) the Nominal Liquidation Amount of the Class B
Notes may never be greater than the Outstanding Dollar Principal Amount of the
Class B Notes and (3) the Nominal Liquidation Amount of the Class B Notes
following a sale of Receivables pursuant to Section 3.12 will be zero.

     (c) On or prior to each Distribution Date, the Issuer shall calculate the
Nominal Liquidation Amount of the Class C Notes which shall be the following
amount:

          (i) the Initial Dollar Principal Amount of the Class C Notes, plus

          (ii) the aggregate amount of all reimbursements of the Nominal
     Liquidation Amount Deficit for the Class C Notes pursuant to Section
     3.01(f) on or prior to such date, determined as set forth in Section 3.05;
     minus

          (iii) the amount of the reduction of the Nominal Liquidation Amount of
     Class C Notes resulting from any reallocations of Series 2006-1 Available
     Principal Amounts pursuant to Section 3.06(a), (b) or (c) on or prior to
     such date, determined as set forth in Section 3.07; minus

          (iv) the aggregate amount of the reduction of the Nominal Liquidation
     Amount of Class C Notes resulting from an allocation of Investor
     Charge-Offs on or prior to such date, determined as set forth in Section
     3.04; minus

          (v) an amount equal to the lesser of (x) the aggregate amount on
     deposit in the Principal Funding Account (after giving effect to any
     deposits, allocations, reallocations


                                       21

<PAGE>

     or withdrawals to be made on such date) minus the aggregate of the Adjusted
     Outstanding Dollar Principal Amounts of the Class A Notes and the Class B
     Notes and (y) the Outstanding Dollar Principal Amount of the Class C Notes;
     minus

          (vi) the aggregate amount of principal payments made to the Class C
     Noteholders on or prior to such date;

provided, however, that (1) the Nominal Liquidation Amount of the Class C Notes
may never be less than zero, (2) the Nominal Liquidation Amount of the Class C
Notes may never be greater than the Outstanding Dollar Principal Amount of the
Class C Notes and (3) the Nominal Liquidation Amount of the Class C Notes
following a sale of Receivables pursuant to Section 3.12 will be zero.

     (d) The Nominal Liquidation Amount for Series 2006-1 will be the sum of the
Nominal Liquidation Amounts of the Class A Notes, the Class B Notes and the
Class C Notes.

     Section 3.12. Sale of Receivables.

     (a) (i) If the Series 2006-1 Notes have been accelerated pursuant to
     Section 702 of the Indenture following an Event of Default, the Indenture
     Trustee may, and at the direction of the Majority Holders will, cause the
     Master Trust to sell Principal Receivables and the related Finance Charge
     Receivables (or interests therein) in an amount up to the Nominal
     Liquidation Amount of Series 2006-1 plus any accrued, past due and
     additional interest on the Series 2006-1 Notes.

          (ii) Such a sale will be permitted only if at least one of the
     following conditions is met:

               (A) the Holders of 90% of the aggregate Outstanding Dollar
          Principal Amount of Series 2006-1 Notes consent; or

               (B) the net proceeds of such sale (plus amounts on deposit in the
          applicable Issuer Accounts) would be sufficient to pay all amounts due
          on the Series 2006-1 Notes; or

               (C) if the Indenture Trustee determines that the funds to be
          allocated to the Series 2006-1 Notes, including (1) Series 2006-1
          Finance Charge Amounts and Series 2006-1 Available Principal Amounts
          and (2) amounts on deposit in the applicable Issuer Accounts, may not
          be sufficient on any ongoing basis to make payments on the Series
          2006-1 Notes as such payments would have become due if such
          obligations had not been declared due and payable, and 66 2/3% of the
          Holders of the Series 2006-1 Notes consent to the sale.

     (b) If the principal of or interest on the Series 2006-1 Notes has not been
paid in full on the Legal Maturity Date (after giving effect to any adjustments,
deposits and distributions otherwise to be made on the Legal Maturity Date), the
Issuer will cause the Master Trust to sell Principal Receivables and the related
Finance Charge Receivables (or interests therein) on the


                                       22

<PAGE>

Legal Maturity Date in an amount up to the Nominal Liquidation Amount of the
Series 2006-1 Notes plus any accrued, past due and additional interest on the
Series 2006-1 Notes.

     (c) Sales proceeds received pursuant to clause (a) or (b) will be allocated
in the following priority:

          (i) first, to be deposited in the Principal Funding Account, an amount
     up to the amount that would be necessary to increase the aggregate amount
     on deposit in the Principal Funding Account to the Outstanding Dollar
     Principal Amount of the Series 2006-1 Notes; and

          (ii) second, to pay any accrued, past due or additional interest on
     the Series 2006-1 Notes.

     Section 3.13. Targeted Deposits to the Spread Account. The aggregate
deposit targeted to be made to the Spread Account with respect to each
Distribution Date is equal to the Spread Account Deficiency.

     Section 3.14. Withdrawals from the Spread Account. Withdrawals for the
Class C Notes will be made from the Spread Account as specified below:

     (a) Payments of Interest. If Series 2006-1 Finance Charge Amounts available
after giving effect to Section 3.01(a) through (c) are insufficient to pay the
full amount payable on the Class C Notes pursuant to Section 3.01(d), on the
Distribution Date immediately preceding the date of such payment an amount equal
to the amount of the insufficiency will be withdrawn from the Spread Account, to
the extent available, and distributed to the Paying Agent for payment to Class C
Noteholders.

     (b) Payments of Principal. If, on and after the earliest to occur of (i)
the date on which the Series 2006-1 Notes are accelerated pursuant to Section
702 of the Indenture following an Event of Default with respect to Series
2006-1, (ii) any date on or after the Scheduled Principal Payment Date on which
the Class A Notes and the Class B Notes have been paid in full and the amount on
deposit in the Principal Funding Account available to pay principal of the Class
C Notes plus the aggregate amount on deposit in the Spread Account equals or
exceeds the Outstanding Dollar Principal Amount of the Class C Notes and (iii)
the Legal Maturity Date, the amount on deposit in the Principal Funding Account
is insufficient to pay in full the amounts for which withdrawals are required
under Section 3.10, an amount equal to that deficiency in the Principal Funding
Account for the payment of principal of the Class C Notes will be withdrawn from
the Spread Account and deposited into that Principal Funding Account for the
Class C Notes on the Distribution Date before the date of the applicable
withdrawal required pursuant to Section 3.10.

     (c) Withdrawal of Excess Amounts. If the aggregate amount on deposit in the
Spread Account exceeds the amount required to be on deposit in the Spread
Account, the amount of such excess will be withdrawn from the Spread Account and
will be treated as Series 2006-1 Finance Charge Amounts and applied in
accordance with Sections 3.01(i) through (k).


                                       23

<PAGE>

     Section 3.15. Targeted Deposits to the Reserve Account. The aggregate
deposit targeted to be made to the Reserve Account with respect to each
Distribution Date on or after the Reserve Account Funding Date is equal to the
excess, if any, of the Required Reserve Account Amount then in effect over the
Available Reserve Account Amount.

     Section 3.16. Withdrawals from the Reserve Account. Withdrawals for any
Class of Notes will be made from the Reserve Account as specified below:

     (a) Interest. On or prior to each Distribution Date the Issuer will
calculate the Reserve Draw Amount (if any). If there is any Reserve Draw Amount
for that Distribution Date, the Issuer will withdraw such amount from the
Reserve Account, to the extent available, for treatment as Series 2006-1 Finance
Charge Amounts for such Monthly Period.

     (b) Withdrawal of Excess Amounts. On the earlier to occur of the date on
which the Series 2006-1 Notes are paid in full and the first Distribution Date
occurring on or immediately following the date on which an Early Redemption
Event occurs with respect to Series 2006-1, after giving effect to any
withdrawal from the Reserve Account pursuant to Section 3.16(a) above, the
amount on deposit in the Reserve Account will be withdrawn from the Reserve
Account and will be treated as Series 2006-1 Finance Charge Amounts and applied
in accordance with Sections 3.01(h) through (k).

     Section 3.17. Excess Finance Charge Amounts Sharing.

     (a) Shared Excess Finance Charge Amounts allocable to the Series 2006-1 on
any Distribution Date shall be treated as Series 2006-1 Finance Charge Amounts
for such Distribution Date.

     (b) Shared Excess Finance Charge Amounts allocable to the Series 2006-1
with respect to any Distribution Date shall mean an amount equal to the Series
Finance Charge Amounts Shortfall, if any, with respect to the Series 2006-1 for
such Distribution Date; provided, however, that if the aggregate amount of
Shared Excess Finance Charge Amounts for all Excess Finance Charge Amounts
Sharing Series in Excess Finance Charge Amounts Sharing Group A for such
Distribution Date is less than the Aggregate Series Finance Charge Amounts
Shortfall for such Distribution Date, then Shared Excess Finance Charge Amounts
allocable to the Series 2006-1 on such Distribution Date shall equal the product
of (i) Shared Excess Finance Charge Amounts for all Excess Finance Charge
Amounts Sharing Series in Excess Finance Charge Amounts Sharing Group A for such
Distribution Date and (ii) a fraction, the numerator of which is the Series
Finance Charge Amounts Shortfall with respect to the Series 2006-1 for such
Distribution Date and the denominator of which is the Aggregate Series Finance
Charge Amounts Shortfall for all Excess Finance Charge Amounts Sharing Series in
Excess Finance Charge Amounts Sharing Group A for such Distribution Date.

     Section 3.18. Excess Principal Amount Sharing.

     (a) Shared Excess Available Principal Amounts allocable to the Series
2006-1 on any Distribution Date shall be treated as Series 2006-1 Available
Principal Amounts for such Distribution Date.


                                       24

<PAGE>

     (b) Shared Excess Available Principal Amounts allocable to the Series
2006-1 with respect to any Distribution Date shall mean an amount equal to the
Series Principal Amounts Shortfall, if any, with respect to the Series 2006-1
for such Distribution Date; provided, however, that if the aggregate amount of
Shared Excess Available Principal Amounts for all Excess Principal Amounts
Sharing Series in Excess Principal Amounts Sharing Group A for such Distribution
Date is less than the Aggregate Series Principal Amounts Shortfall for such
Distribution Date, then Shared Excess Available Principal Amounts allocable to
Series 2006-1 on such Distribution Date shall equal the product of (i) Shared
Excess Available Principal Amounts for all Excess Principal Amounts Sharing
Series in Excess Principal Amounts Sharing Group A for such Distribution Date
and (ii) a fraction, the numerator of which is the Series Principal Amounts
Shortfall with respect to Series 2006-1 for such Distribution Date and the
denominator of which is the Aggregate Series Principal Amounts Shortfall for all
Excess Principal Amounts Sharing Series in Excess Principal Amounts Sharing
Group A for such Distribution Date.

     Section 3.19. Payments of Interest and Principal.

          (a) Any installment of interest or principal, if any, payable on any
Series 2006-1 Note which is punctually paid or duly provided for by the Issuer
and the Indenture Trustee on the applicable Interest Payment Date or Principal
Payment Date shall be paid by the Paying Agent to the Person in whose name such
Series 2006-1 Note (or one or more Predecessor Notes) is registered on the
Record Date, by wire transfer of immediately available funds to such Person's
account as has been designated by written instructions received by the Paying
Agent from such Person not later than the close of business on the third
Business Day preceding the date of payment or, if no such account has been so
designated, by check mailed first-class, postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of
Cede & Co., payment shall be made by wire transfer in immediately available
funds to the account designated by such nominee.

          (b) The right of the Series 2006-1 Noteholders to receive payments
from the Issuer will terminate on the first Business Day following the Series
2006-1 Termination Date.

     Section 3.20. Calculation Agent; Determination of LIBOR.

          (a) The Issuer hereby agrees that for so long as any Series 2006-1
Notes are Outstanding, there shall at all times be an agent appointed to
calculate LIBOR for each Interest Period (the "Calculation Agent"). The Issuer
hereby initially appoints the Indenture Trustee as the Calculation Agent for
purposes of determining LIBOR for each Interest Period. The Calculation Agent
may be removed by the Issuer at any time. If the Calculation Agent is unable or
unwilling to act as such or is removed by the Issuer, or if the Calculation
Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly
appoint a replacement Calculation Agent that does not control or is not
controlled by or under common control with the Issuer or its Affiliates. The
Calculation Agent may not resign its duties, and the Issuer may not remove the
Calculation Agent, without a successor having been duly appointed.

          (b) On each LIBOR Determination Date, the Calculation Agent shall


                                       25

<PAGE>

determine LIBOR on the basis of the rate for deposits in United States dollars
for a one-month period which appears on Telerate Page 3750 as of 11:00 a.m.,
London time, on such date. If such rate does not appear on Telerate Page 3750,
the rate for that LIBOR Determination Date shall be determined on the basis of
the rates at which deposits in United States dollars are offered by the
Reference Banks at approximately 11:00 a.m., London time, on that day to prime
banks in the London interbank market for a one-month period. The Calculation
Agent shall request the principal London office of each of the Reference Banks
to provide a quotation of its rate. If at least two such quotations are
provided, the rate for that LIBOR Determination Date shall be the arithmetic
mean of the quotations. If fewer than two quotations are provided as requested,
the rate for that LIBOR Determination Date will be the arithmetic mean of the
rates quoted by four major banks in New York City, selected by the Beneficiary,
at approximately 11:00 a.m., New York City time, on that day for loans in United
States dollars to leading European banks for a one-month period.

          (c) The Class A Note Rate, the Class B Note Rate and the Class C Note
Rate applicable to the then current and the immediately preceding Interest
Periods may be obtained by any Noteholder or beneficial owner of any Note by
telephoning the Indenture Trustee at its corporate trust office at (212)
815-3247 or such other telephone number as shall be designated by the Indenture
Trustee for such purpose by prior written notice by the Indenture Trustee to
each Noteholder from time to time. The Indenture Trustee hereby agrees to
provide such information to each such Noteholder or beneficial owner of any
Note.

          (d) On each LIBOR Determination Date, the Calculation Agent shall send
to the Indenture Trustee and the Beneficiary, by facsimile transmission,
notification of LIBOR for the following Interest Period.

                              [END OF ARTICLE III]


                                       26

<PAGE>

                                   ARTICLE IV

                            Early Redemption of Notes

     Section 4.01. Early Redemption Events. In addition to the events identified
as Early Redemption Events in Section 1201 of the Indenture, if the average
Portfolio Yield for any three consecutive Monthly Periods is less than the
average Base Rate for such three consecutive Monthly Periods, an "Early
Redemption Event" with respect to the Series 2006-1 Notes will be deemed to have
occurred.

                               [END OF ARTICLE IV]


                                       27

<PAGE>

                                   ARTICLE V

                            Accounts and Investments

     Section 5.01. Accounts.

     (a) On or before the Closing Date, the Indenture Trustee will cause to be
established and maintained three Qualified Accounts denominated as follows: the
"Principal Funding Account," the "Reserve Account" and the "Spread Account" in
the name of the Indenture Trustee, bearing a designation clearly indicating that
the funds deposited therein are held for the benefit of the Series 2006-1
Noteholders (or, in the case of the Spread Account, for the benefit of the Class
C Noteholders). The Principal Funding Account, the Reserve Account and the
Spread Account constitute Issuer Accounts and shall be under the sole dominion
and control of the Indenture Trustee for the benefit of the Series 2006-1
Noteholders (or, in the case of the Spread Account, for the benefit of the Class
C Noteholders). If, at any time, any institution holding the Principal Funding
Account, the Reserve Account or the Spread Account ceases to be a Qualified
Institution, the Issuer will within ten (10) Business Days (or such longer
period, not to exceed thirty (30) calendar days, as to which each Note Rating
Agency may consent) establish a new Principal Funding Account, Reserve Account
or Spread Account, as the case may be, that is a Qualified Account and shall
transfer any cash and/or investments to such new Principal Funding Account,
Reserve Account or Spread Account, as the case may be. From the date such new
Principal Funding Account, Reserve Account or Spread Account is established, it
will be the "Principal Funding Account," "Reserve Account" or "Spread Account,"
as the case may be. The Principal Funding Account, the Reserve Account and the
Spread Account will receive deposits pursuant to Article III.

     (b) All payments to be made from time to time by the Indenture Trustee to
Noteholders out of funds in the Principal Funding Account, the Reserve Account
or the Spread Account pursuant to this Indenture Supplement will be made by the
Indenture Trustee to the Paying Agent not later than 12:00 noon, New York City
time, on the applicable Interest Payment Date or Principal Payment Date but only
to the extent of available funds in the applicable Issuer Account or as
otherwise provided in Article III.

     (c) On each Distribution Date, all interest and earnings (net of losses and
investment expenses) accrued since the preceding Distribution Date on funds on
deposit in the Spread Account will be retained in the Spread Account (to the
extent that the sum of the amount on deposit in the Spread Account with respect
to the related Monthly Period is less than the required balance for the Spread
Account for that Monthly Period) and the excess, if any, will be paid to the
Issuer.

                               [END OF ARTICLE V]


                                       28

<PAGE>

                                   ARTICLE VI

                         Representations and Warranties

     Section 6.01. Issuer's Representations and Warranties. The Issuer makes the
following representations and warranties as to the Collateral Certificate on
which the Indenture Trustee is deemed to have relied in acquiring the Collateral
Certificate. Such representations and warranties speak as of the execution and
delivery of this Indenture Supplement, but shall survive until the termination
of this Indenture Supplement. Such representations and warranties shall not be
waived by any of the parties to this Indenture Supplement unless the Issuer has
obtained written confirmation from each Note Rating Agency that there will be no
Ratings Effect with respect to such waiver.

          (a) The Indenture creates a valid and continuing security interest (as
defined in the New York UCC) in the Collateral Certificate in favor of the
Indenture Trustee, which security interest is prior to all other liens, and is
enforceable as such as against creditors of and purchasers from the Issuer.

          (b) The Collateral Certificate constitutes either an "account," a
"general intangible," an "instrument," or a "certificated security," each within
the meaning of the Delaware UCC and the New York UCC.

          (c) At the time of the transfer and assignment of the Collateral
Certificate to the Indenture Trustee pursuant to the Indenture, the Issuer owned
and had good and marketable title to the Collateral Certificate free and clear
of any lien, claim or encumbrance of any Person.

          (d) The Issuer has caused, within ten days of the execution of the
Indenture, the filing of all appropriate financing statements in the proper
filing office in the appropriate jurisdictions under applicable law in order to
perfect the security interest in the Collateral Certificate granted to the
Indenture Trustee pursuant to the Indenture.

          (e) Other than the security interest granted to the Indenture Trustee
pursuant to the Indenture, the Issuer has not pledged, assigned, sold, granted a
security interest in, or otherwise conveyed the Collateral Certificate. The
Issuer has not authorized the filing of and is not aware of any financing
statements against the Issuer that include a description of collateral covering
the Collateral Certificate other than any financing statement relating to the
security interest granted to the Indenture Trustee pursuant to the Indenture or
any financing statement that has been terminated. The Issuer is not aware of any
judgment or tax lien filings against the Issuer.

          (f) All original executed copies of the Collateral Certificate have
been delivered to the Indenture Trustee.

          (g) At the time of the transfer and assignment of the Collateral
Certificate to the Indenture Trustee pursuant to the Indenture, the Collateral
Certificate had no marks or notations indicating that it has been pledged,
assigned or otherwise conveyed to any Person other than the Indenture Trustee.

                               [END OF ARTICLE VI]


                                       29

<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Indenture
Supplement to be duly executed, and their respective corporate seals to be
hereunto affixed and attested, all as of the day and year first above written.

                                        NATIONAL CITY CREDIT CARD MASTER NOTE
                                        TRUST,

                                        By: WILMINGTON TRUST COMPANY, not in its
                                            individual capacity but solely as
                                            Owner Trustee


                                        By: /s/ Patricia A. Evans
                                            ------------------------------------
                                        Name:   Patricia A. Evans
                                              ----------------------------------
                                        Title:  Vice President
                                               ---------------------------------


                                        THE BANK OF NEW YORK, as Indenture
                                        Trustee and not in its individual
                                        capacity


                                        By: /s/ Jared Fischer
                                            ------------------------------------
                                        Name:   Jared Fischer
                                              ----------------------------------
                                        Title:  Assistant Treasurer
                                               ---------------------------------

                    [Signature Page for Indenture Supplement]
<PAGE>

                                                                     EXHIBIT A-1

                                     FORM OF
                     CLASS A FLOATING RATE ASSET BACKED NOTE

     UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) - ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

     THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

     THE HOLDER OF THIS CLASS A NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS A NOTES AS
INDEBTEDNESS OF THE ISSUER FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND
FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY,
INCOME.


                                     A-1-1

<PAGE>

REGISTERED                                                 up to $371,875,000(1)

No. R-__                                                   CUSIP NO. 635414 AD 7

                   NATIONAL CITY CREDIT CARD MASTER NOTE TRUST

              CLASS A SERIES 2006-1 FLOATING RATE ASSET BACKED NOTE

     NATIONAL CITY CREDIT CARD MASTER NOTE TRUST (herein referred to as the
"ISSUER" or the "TRUST"), a Delaware statutory trust governed by a Trust
Agreement dated as of July 13, 2005, as amended and restated as of August 23,
2005, for value received, hereby promises to pay to CEDE & CO., or registered
assigns, subject to the following provisions, the principal sum of THREE HUNDRED
SEVENTY-ONE MILLION EIGHT HUNDRED SEVENTY-FIVE THOUSAND DOLLARS on the Series
2006-1 Scheduled Principal Payment Date (which is the March 2011 Distribution
Date), except as otherwise provided below or in the Indenture; provided,
however, that the entire unpaid principal amount of this Note shall be due and
payable on the March 2013 Payment Date (the "Legal Maturity Date"). The Issuer
will pay interest on the unpaid principal amount of this Note at the Class A
Note Rate on each Interest Payment Date until the principal amount of this Note
is paid in full. Interest on this Note will accrue for each Interest Payment
Date from and including the most recent Interest Payment Date on which interest
has been paid to but excluding such Interest Payment Date or, for the initial
Interest Payment Date, from and including the Issuance Date to but excluding
such Interest Payment Date. Interest will be computed on the basis of a 360-day
year and the actual number of days elapsed. Such principal of and interest on
this Note shall be paid in the manner specified on the reverse hereof.

     The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

     Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

     Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred
to on the reverse hereof, or be valid for any purpose.

----------
(1)  Denominations of $5,000 and integral multiples of $1,000 in excess thereof.


                                     A-1-2

<PAGE>

          IN WITNESS WHEREOF, the Issuer has caused this Class A Note to be duly
executed.

                                        NATIONAL CITY CREDIT CARD MASTER NOTE
                                        TRUST,
                                        as Issuer

                                        By: WILMINGTON TRUST COMPANY, not in its
                                            individual capacity but solely as
                                            Owner Trustee under the Trust
                                            Agreement


                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

Dated: March 30, 2006

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class A Notes described in the within-mentioned Indenture.

                                        THE BANK OF NEW YORK,
                                        as Indenture Trustee


                                        By:
                                            ------------------------------------
                                            Authorized Signatory

Dated: March 30, 2006

<PAGE>

                                [REVERSE OF NOTE]

          This Class A Note is one of a duly authorized issue of Notes of the
Issuer, designated as NATIONAL CITY CREDIT CARD MASTER NOTE TRUST, Series 2006-1
(the "SERIES 2006-1 NOTES"), issued under an Indenture dated as of August 23,
2005 (the "MASTER INDENTURE"), between the Issuer and The Bank of New York, as
indenture trustee (the "INDENTURE TRUSTEE," which term includes any successor
Indenture Trustee under the Indenture), as supplemented by the Series 2006-1
Indenture Supplement, dated as of March 30, 2006 (the "INDENTURE SUPPLEMENT"),
and representing the right to receive certain payments from the Issuer. The term
"Indenture," unless the context otherwise requires, refers to the Master
Indenture as supplemented by the Indenture Supplement. The Notes are subject to
all of the terms of the Indenture. All terms used in this Note that are defined
in the Indenture, as supplemented or amended, shall have the meanings assigned
to them in or pursuant to the Indenture, as so supplemented or amended. In the
event of any conflict or inconsistency between the Indenture and this Note, the
Indenture shall control.

          The Class B Notes and the Class C Notes will also be issued under the
Indenture.

          The Noteholder, by its acceptance of this Note, agrees that it will
look solely to the property of the Trust allocated to the payment of this Note
for payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

          This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

          The Class A Note Initial Dollar Principal Amount is $371,875,000. The
Outstanding Dollar Principal Amount of the Class A Note on any date of
determination will be an amount equal to (a) the Class A Note Initial Principal
Balance, minus (b) the aggregate amount of principal payments made to the Class
A Noteholders on or prior to such date.

          The Scheduled Principal Payment Date is the March 2011 Distribution
Date, but principal with respect to the Class A Notes may be paid earlier or
later under certain circumstances described in the Indenture. As described
above, the entire unpaid principal amount of this Note shall be due and payable
on the Legal Maturity Date. Payments of principal of the Notes shall be payable
in accordance with the provisions of the Indenture.

          Subject to the terms and conditions of the Indenture, the Beneficiary
on behalf of the Trust may, from time to time issue, or direct the Owner
Trustee, on behalf of the Trust, to issue one or more new Series of Notes.

          On each Distribution Date, the Paying Agent shall distribute to each
Class A Noteholder of record on the related Record Date (except for the final
distribution in respect of this Class A Note) such Class A Noteholder's share of
the amounts held by the Paying Agent that are


                                     A-1-5

<PAGE>

allocated and available on such Distribution Date to pay interest and principal
on the Class A Notes pursuant to the Indenture Supplement. Except as provided in
the Indenture with respect to a final distribution, distributions to Series
2006-1 Noteholders shall be made by (i) check mailed to each Series 2006-1
Noteholder (at such Noteholder's address as it appears in the Note Register),
except that with respect to any Series 2006-1 Notes registered in the name of
the nominee of a Clearing Agency, such distribution shall be made in immediately
available funds and (ii) without presentation or surrender of any Series 2006-1
Note or the making of any notation thereon. Final payment of this Class A Note
will be made only upon presentation and surrender of this Class A Note at the
office or agency specified in the notice of final distribution delivered by the
Indenture Trustee to the Series 2006-1 Noteholders in accordance with the
Indenture.

          On any day occurring on or after the date on which the outstanding
principal balance of the Series 2006-1 Notes is reduced to 5% or less of the
initial outstanding principal balance of the Series 2006-1 Notes, the Servicer
shall have the right but not the obligation to direct the Trust to redeem, or
cause to be redeemed, the Series 2006-1 Notes, at a redemption price equal to
the Outstanding principal amount of Series 2006-1 plus interest accrued and
unpaid or principal accreted and unpaid to the Series 2006-1 Notes to but
excluding the date of redemption, the payment of which is subject to the
Indenture and the allocations, deposits and payments in the Indenture
Supplement.

          THIS CLASS A NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN INTEREST
IN, NATIONAL CITY BANK OR ANY AFFILIATE THEREOF AND IS NOT INSURED OR GUARANTEED
BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR
INSTRUMENTALITY.

          Each Noteholder, by accepting a Note, hereby covenants and agrees that
it will not at any time institute against the Issuer or the Transferor, or join
in instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

          Except as otherwise provided in the Indenture Supplement, the Class A
Notes are issuable only in minimum denominations of $5,000 and integral
multiples of $1,000. The transfer of this Class A Note shall be registered in
the Note Register upon surrender of this Class A Note for registration of
transfer at any office or agency maintained by the Transfer Agent and Registrar
accompanied by a written instrument of transfer, in a form satisfactory to the
Indenture Trustee or the Transfer Agent and Registrar, duly executed by the
Class A Noteholder or such Class A Noteholder's attorney, and duly authorized in
writing with such signature guaranteed, and thereupon one or more new Class A
Notes in any authorized denominations of like aggregate principal amount will be
issued to the designated transferee or transferees.

          As provided in the Indenture and subject to certain limitations
therein set forth, Class A Notes are exchangeable for new Class A Notes in any
authorized denominations and of like aggregate principal amount, upon surrender
of such Notes to be exchanged at the office or agency of the Transfer Agent and
Registrar. No service charge may be imposed for any such exchange but the Issuer
or Transfer Agent and Registrar may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.


                                     A-1-6

<PAGE>

          The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class A Note is registered as the owner hereof for all purposes, and
neither the Issuer, the Transferor, the Indenture Trustee nor any agent of the
Issuer, the Transferor or the Indenture Trustee shall be affected by notice to
the contrary.

          THIS CLASS A NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.


                                     A-1-7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

          FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto

________________________________________________________________________________
                         (name and address of assignee)

the within certificate and all rights thereunder, and hereby irrevocably
constitutes and appoints ____________________, attorney, to transfer said
certificate on the books kept for registration thereof, with full power of
substitution in the premises.

Dated:                                                                       (1)
       ---------------                  -------------------------------------


                                        Signature Guaranteed:


                                        ----------------------------------------

----------
(1)  NOTE: The signature to this Assignment must correspond with the name of the
     registered owner as it appears on the face of the within Note in every
     particular, without alteration, enlargement or any change whatsoever.


                                     A-1-8
<PAGE>

                                                                     EXHIBIT A-2

                                     FORM OF
                     CLASS B FLOATING RATE ASSET BACKED NOTE

     UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) - ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

     THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

     THE HOLDER OF THIS CLASS B NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS B NOTES AS
INDEBTEDNESS OF THE ISSUER FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND
FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY,
INCOME.


                                      A-2-1

<PAGE>

REGISTERED                                                  up to $25,500,000(1)

No. R-__                                                   CUSIP NO. 635414 AE 5

                   NATIONAL CITY CREDIT CARD MASTER NOTE TRUST

              CLASS B SERIES 2006-1 FLOATING RATE ASSET BACKED NOTE

     NATIONAL CITY CREDIT CARD MASTER NOTE TRUST (herein referred to as the
"ISSUER" or the "TRUST"), a Delaware statutory trust governed by a Trust
Agreement dated as of July 13, 2005, as amended and restated as of August 23,
2005, for value received, hereby promises to pay to CEDE & CO., or registered
assigns, subject to the following provisions, the principal sum of TWENTY-FIVE
MILLION FIVE HUNDRED THOUSAND DOLLARS on the Series 2006-1 Scheduled Principal
Payment Date (which is the March 2011 Distribution Date), except as otherwise
provided below or in the Indenture; provided, however, that the entire unpaid
principal amount of this Note shall be due and payable on the March 2013 Payment
Date (the "Legal Maturity Date"). The Issuer will pay interest on the unpaid
principal amount of this Note at the Class B Note Rate on each Interest Payment
Date until the principal amount of this Note is paid in full. Interest on this
Note will accrue for each Interest Payment Date from and including the most
recent Interest Payment Date on which interest has been paid to but excluding
such Interest Payment Date or, for the initial Interest Payment Date, from and
including the Issuance Date to but excluding such Interest Payment Date.
Interest will be computed on the basis of a 360-day year and the actual number
of days elapsed. Such principal of and interest on this Note shall be paid in
the manner specified on the reverse hereof.

     The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

     Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

     Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred
to on the reverse hereof, or be valid for any purpose.

          THIS CLASS B NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO FUND
PAYMENTS ON THE CLASS A NOTES TO THE EXTENT SPECIFIED IN THE INDENTURE
SUPPLEMENT.

----------
(1)  Denominations of $5,000 and integral multiples of $1,000 in excess thereof.


                                      A-2-2

<PAGE>

          IN WITNESS WHEREOF, the Issuer has caused this Class B Note to be duly
executed.

                                        NATIONAL CITY CREDIT CARD MASTER NOTE
                                        TRUST,
                                        as Issuer

                                        By: WILMINGTON TRUST COMPANY, not in its
                                            individual capacity but solely as
                                            Owner Trustee under the Trust
                                            Agreement


                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

Dated: March 30, 2006

<PAGE>


               INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class B Notes described in the within-mentioned Indenture.

                                        THE BANK OF NEW YORK,
                                        as Indenture Trustee


                                        By:
                                            ------------------------------------
                                            Authorized Signatory

Dated: March 30, 2006

<PAGE>

                                [REVERSE OF NOTE]

          This Class B Note is one of a duly authorized issue of Notes of the
Issuer, designated as NATIONAL CITY CREDIT CARD MASTER NOTE TRUST, Series 2006-1
(the "SERIES 2006-1 NOTES"), issued under an Indenture dated as of August 23,
2005 (the "MASTER INDENTURE"), between the Issuer and The Bank of New York, as
indenture trustee (the "INDENTURE TRUSTEE," which term includes any successor
Indenture Trustee under the Indenture), as supplemented by the Series 2006-1
Indenture Supplement, dated as of March 30, 2006 (the "INDENTURE SUPPLEMENT"),
and representing the right to receive certain payments from the Issuer. The term
"Indenture," unless the context otherwise requires, refers to the Master
Indenture as supplemented by the Indenture Supplement. The Notes are subject to
all of the terms of the Indenture. All terms used in this Note that are defined
in the Indenture, as supplemented or amended, shall have the meanings assigned
to them in or pursuant to the Indenture, as so supplemented or amended. In the
event of any conflict or inconsistency between the Indenture and this Note, the
Indenture shall control.

          The Class A Notes and the Class C Notes will also be issued under the
Indenture.

          The Noteholder, by its acceptance of this Note, agrees that it will
look solely to the property of the Trust allocated to the payment of this Note
for payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

          This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

          The Class B Note Initial Dollar Principal Amount is $25,500,000. The
Outstanding Dollar Principal Amount of the Class B Note on any date of
determination will be an amount equal to (a) the Class B Note Initial Principal
Balance, minus (b) the aggregate amount of principal payments made to the Class
B Noteholders on or prior to such date.

          The Scheduled Principal Payment Date is the March 2011 Distribution
Date, but principal with respect to the Class B Notes may be paid earlier or
later under certain circumstances described in the Indenture. As described
above, the entire unpaid principal amount of this Note shall be due and payable
on the Legal Maturity Date. Payments of principal of the Notes shall be payable
in accordance with the provisions of the Indenture.

          Subject to the terms and conditions of the Indenture, the Beneficiary
on behalf of the Trust may, from time to time issue, or direct the Owner
Trustee, on behalf of the Trust, to issue one or more new Series of Notes.

          On each Distribution Date, the Paying Agent shall distribute to each
Class B Noteholder of record on the related Record Date (except for the final
distribution in respect of this Class B Note) such Class B Noteholder's share of
the amounts held by the Paying Agent that are


                                      A-2-5

<PAGE>

allocated and available on such Distribution Date to pay interest and principal
on the Class B Notes pursuant to the Indenture Supplement. Except as provided in
the Indenture with respect to a final distribution, distributions to Series
2006-1 Noteholders shall be made by (i) check mailed to each Series 2006-1
Noteholder (at such Noteholder's address as it appears in the Note Register),
except that with respect to any Series 2006-1 Notes registered in the name of
the nominee of a Clearing Agency, such distribution shall be made in immediately
available funds and (ii) without presentation or surrender of any Series 2006-1
Note or the making of any notation thereon. Final payment of this Class B Note
will be made only upon presentation and surrender of this Class B Note at the
office or agency specified in the notice of final distribution delivered by the
Indenture Trustee to the Series 2006-1 Noteholders in accordance with the
Indenture.

          On any day occurring on or after the date on which the outstanding
principal balance of the Series 2006-1 Notes is reduced to 5% or less of the
initial outstanding principal balance of the Series 2006-1 Notes, the Servicer
shall have the right but not the obligation to direct the Trust to redeem, or
cause to be redeemed, the Series 2006-1 Notes, at a redemption price equal to
the Outstanding principal amount of Series 2006-1 plus interest accrued and
unpaid or principal accreted and unpaid to the Series 2006-1 Notes to but
excluding the date of redemption, the payment of which is subject to the
Indenture and the allocations, deposits and payments in the Indenture
Supplement.

          THIS CLASS B NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN INTEREST
IN, NATIONAL CITY BANK OR ANY AFFILIATE THEREOF AND IS NOT INSURED OR GUARANTEED
BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR
INSTRUMENTALITY.

          Each Noteholder, by accepting a Note, hereby covenants and agrees that
it will not at any time institute against the Issuer or the Transferor, or join
in instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

          Except as otherwise provided in the Indenture Supplement, the Class B
Notes are issuable only in minimum denominations of $5,000 and integral
multiples of $1,000. The transfer of this Class B Note shall be registered in
the Note Register upon surrender of this Class B Note for registration of
transfer at any office or agency maintained by the Transfer Agent and Registrar
accompanied by a written instrument of transfer, in a form satisfactory to the
Indenture Trustee or the Transfer Agent and Registrar, duly executed by the
Class B Noteholder or such Class B Noteholder's attorney, and duly authorized in
writing with such signature guaranteed, and thereupon one or more new Class B
Notes in any authorized denominations of like aggregate principal amount will be
issued to the designated transferee or transferees.

          As provided in the Indenture and subject to certain limitations
therein set forth, Class B Notes are exchangeable for new Class B Notes in any
authorized denominations and of like aggregate principal amount, upon surrender
of such Notes to be exchanged at the office or agency of the Transfer Agent and
Registrar. No service charge may be imposed for any such exchange but the Issuer
or Transfer Agent and Registrar may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.


                                      A-2-6

<PAGE>

          The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class B Note is registered as the owner hereof for all purposes, and
neither the Issuer, the Transferor, the Indenture Trustee nor any agent of the
Issuer, the Transferor or the Indenture Trustee shall be affected by notice to
the contrary.

          THIS CLASS B NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.


                                      A-2-7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

          FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto

________________________________________________________________________________
                         (name and address of assignee)

the within certificate and all rights thereunder, and hereby irrevocably
constitutes and appoints ____________________, attorney, to transfer said
certificate on the books kept for registration thereof, with full power of
substitution in the premises.

Dated:                                                                       (1)
       --------------                   -------------------------------------


                                        Signature Guaranteed:


                                        ----------------------------------------

----------
(1)  NOTE: The signature to this Assignment must correspond with the name of the
     registered owner as it appears on the face of the within Note in every
     particular, without alteration, enlargement or any change whatsoever.


                                      A-2-8
<PAGE>

                                                                     EXHIBIT A-3

                                     FORM OF
                     CLASS C FLOATING RATE ASSET BACKED NOTE

     UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) - ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

     THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

     THE HOLDER OF THIS CLASS C NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS C NOTES AS
INDEBTEDNESS OF THE ISSUER FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND
FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY,
INCOME.


                                      A-3-1

<PAGE>

REGISTERED                                                  up to $27,625,000(1)

No. R-__                                                   CUSIP NO. 635414 AF 2

                   NATIONAL CITY CREDIT CARD MASTER NOTE TRUST

              CLASS C SERIES 2006-1 FLOATING RATE ASSET BACKED NOTE

     NATIONAL CITY CREDIT CARD MASTER NOTE TRUST (herein referred to as the
"ISSUER" or the "TRUST"), a Delaware statutory trust governed by a Trust
Agreement dated as of July 13, 2005, as amended and restated as of August 23,
2005, for value received, hereby promises to pay to CEDE & CO., or registered
assigns, subject to the following provisions, the principal sum of TWENTY-SEVEN
MILLION SIX HUNDRED TWENTY-FIVE THOUSAND DOLLARS on the Series 2006-1 Scheduled
Principal Payment Date (which is the March 2011 Distribution Date), except as
otherwise provided below or in the Indenture; provided, however, that the entire
unpaid principal amount of this Note shall be due and payable on the March 2013
Payment Date (the "Legal Maturity Date"). The Issuer will pay interest on the
unpaid principal amount of this Note at the Class C Note Rate on each Interest
Payment Date until the principal amount of this Note is paid in full. Interest
on this Note will accrue for each Interest Payment Date from and including the
most recent Interest Payment Date on which interest has been paid to but
excluding such Interest Payment Date or, for the initial Interest Payment Date,
from and including the Issuance Date to but excluding such Interest Payment
Date. Interest will be computed on the basis of a 360-day year and the actual
number of days elapsed. Such principal of and interest on this Note shall be
paid in the manner specified on the reverse hereof.

     The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

     Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

     Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture or the Indenture Supplement referred
to on the reverse hereof, or be valid for any purpose.

          THIS CLASS C NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO FUND
PAYMENTS ON THE CLASS A AND CLASS B NOTES TO THE EXTENT SPECIFIED IN THE
INDENTURE SUPPLEMENT.

----------
(1)  Denominations of $5,000 and integral multiples of $1,000 in excess thereof.


                                     A-3-2

<PAGE>

     IN WITNESS WHEREOF, the Issuer has caused this Class C Note to be duly
executed.

                                        NATIONAL CITY CREDIT CARD MASTER NOTE
                                        TRUST,
                                        as Issuer

                                        By: WILMINGTON TRUST COMPANY, not in its
                                            individual capacity but solely as
                                            Owner Trustee under the Trust
                                            Agreement


                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

Dated: March 30, 2006

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class C Notes described in the within-mentioned Indenture.

                                        THE BANK OF NEW YORK,
                                        as Indenture Trustee


                                        By:
                                            ------------------------------------
                                            Authorized Signatory

Dated: March 30, 2006

<PAGE>

                                [REVERSE OF NOTE]

          This Class C Note is one of a duly authorized issue of Notes of the
Issuer, designated as NATIONAL CITY CREDIT CARD MASTER NOTE TRUST, Series 2006-1
(the "SERIES 2006-1 NOTES"), issued under an Indenture dated as of August 23,
2005 (the "MASTER INDENTURE"), between the Issuer and The Bank of New York, as
indenture trustee (the "INDENTURE TRUSTEE," which term includes any successor
Indenture Trustee under the Indenture), as supplemented by the Series 2006-1
Indenture Supplement, dated as of March 30, 2006 (the "INDENTURE SUPPLEMENT"),
and representing the right to receive certain payments from the Issuer. The term
"Indenture," unless the context otherwise requires, refers to the Master
Indenture as supplemented by the Indenture Supplement. The Notes are subject to
all of the terms of the Indenture. All terms used in this Note that are defined
in the Indenture, as supplemented or amended, shall have the meanings assigned
to them in or pursuant to the Indenture, as so supplemented or amended. In the
event of any conflict or inconsistency between the Indenture and this Note, the
Indenture shall control.

          The Class A Notes and the Class B Notes will also be issued under the
Indenture.

          The Noteholder, by its acceptance of this Note, agrees that it will
look solely to the property of the Trust allocated to the payment of this Note
for payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

          This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

          The Class C Note Initial Dollar Principal Amount is $27,625,000. The
Outstanding Dollar Principal Amount of the Class C Note on any date of
determination will be an amount equal to (a) the Class C Note Initial Principal
Balance, minus (b) the aggregate amount of principal payments made to the Class
C Noteholders on or prior to such date.

          The Scheduled Principal Payment Date is the March 2011 Distribution
Date, but principal with respect to the Class C Notes may be paid earlier or
later under certain circumstances described in the Indenture. As described
above, the entire unpaid principal amount of this Note shall be due and payable
on the Legal Maturity Date. Payments of principal of the Notes shall be payable
in accordance with the provisions of the Indenture.

          Subject to the terms and conditions of the Indenture, the Beneficiary
on behalf of the Trust, may, from time to time issue, or direct the Owner
Trustee, on behalf of the Trust, to issue one or more new Series of Notes.

          On each Distribution Date, the Paying Agent shall distribute to each
Class C Noteholder of record on the related Record Date (except for the final
distribution in respect of this Class C Note) such Class C Noteholder's share of
the amounts held by the Paying Agent that are


                                     A-3-5

<PAGE>

allocated and available on such Distribution Date to pay interest and principal
on the Class C Notes pursuant to the Indenture Supplement. Except as provided in
the Indenture with respect to a final distribution, distributions to Series
2006-1 Noteholders shall be made by (i) check mailed to each Series 2006-1
Noteholder (at such Noteholder's address as it appears in the Note Register),
except that with respect to any Series 2006-1 Notes registered in the name of
the nominee of a Clearing Agency, such distribution shall be made in immediately
available funds and (ii) without presentation or surrender of any Series 2006-1
Note or the making of any notation thereon. Final payment of this Class C Note
will be made only upon presentation and surrender of this Class C Note at the
office or agency specified in the notice of final distribution delivered by the
Indenture Trustee to the Series 2006-1 Noteholders in accordance with the
Indenture.

          On any day occurring on or after the date on which the outstanding
principal balance of the Series 2006-1 Notes is reduced to 5% or less of the
initial outstanding principal balance of the Series 2006-1 Notes, the Servicer
shall have the right but not the obligation to direct the Trust to redeem, or
cause to be redeemed, the Series 2006-1 Notes, at a redemption price equal to
the Outstanding principal amount of Series 2006-1 plus interest accrued and
unpaid or principal accreted and unpaid to the Series 2006-1 Notes to but
excluding the date of redemption, the payment of which is subject to the
Indenture and the allocations, deposits and payments in the Indenture
Supplement.

          THIS CLASS C NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN INTEREST
IN, NATIONAL CITY BANK OR ANY AFFILIATE THEREOF AND IS NOT INSURED OR GUARANTEED
BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR
INSTRUMENTALITY.

          Each Noteholder, by accepting a Note, hereby covenants and agrees that
it will not at any time institute against the Issuer or the Transferor, or join
in instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

          Except as otherwise provided in the Indenture Supplement, the Class C
Notes are issuable only in minimum denominations of $5,000 and integral
multiples of $1,000. The transfer of this Class C Note shall be registered in
the Note Register upon surrender of this Class C Note for registration of
transfer at any office or agency maintained by the Transfer Agent and Registrar
accompanied by a written instrument of transfer, in a form satisfactory to the
Indenture Trustee or the Transfer Agent and Registrar, duly executed by the
Class C Noteholder or such Class C Noteholder's attorney, and duly authorized in
writing with such signature guaranteed, and thereupon one or more new Class C
Notes in any authorized denominations of like aggregate principal amount will be
issued to the designated transferee or transferees.

          As provided in the Indenture and subject to certain limitations
therein set forth, Class C Notes are exchangeable for new Class C Notes in any
authorized denominations and of like aggregate principal amount, upon surrender
of such Notes to be exchanged at the office or agency of the Transfer Agent and
Registrar. No service charge may be imposed for any such exchange but the Issuer
or Transfer Agent and Registrar may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.


                                     A-3-6

<PAGE>

          The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class C Note is registered as the owner hereof for all purposes, and
neither the Issuer, the Transferor, the Indenture Trustee nor any agent of the
Issuer, the Transferor or the Indenture Trustee shall be affected by notice to
the contrary.

          THIS CLASS C NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.


                                     A-3-7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

          FOR VALUE RECEIVED, the undersigned hereby sells, assigns and
transfers unto

________________________________________________________________________________
                         (name and address of assignee)

the within certificate and all rights thereunder, and hereby irrevocably
constitutes and appoints ____________________, attorney, to transfer said
certificate on the books kept for registration thereof, with full power of
substitution in the premises.


Dated:                                                                       (1)
       -----------------                -------------------------------------


                                        Signature Guaranteed:


                                        ----------------------------------------

----------
(1)  NOTE: The signature to this Assignment must correspond with the name of the
     registered owner as it appears on the face of the within Note in every
     particular, without alteration, enlargement or any change whatsoever.


                                     A-3-8
<PAGE>

                                                                       EXHIBIT B

            [FORM OF] SERIES 2006-1 SCHEDULE TO PAYMENT INSTRUCTIONS
                               NATIONAL CITY BANK

           NATIONAL CITY CREDIT CARD MASTER NOTE TRUST, SERIES 2006-1
                    MONTHLY PERIOD ENDING _________ __, ____

     Capitalized terms used in this notice have their respective meanings set
forth in the Indenture and the Indenture Supplement. Unless otherwise qualified,
references herein to certain sections and subsections are references to the
respective sections and subsections of the Indenture Supplement. This
instruction is delivered pursuant to Section 908 of the Indenture.

     The Servicer does hereby instruct the Issuer to instruct the Indenture
Trustee, and the Issuer does hereby instruct the Indenture Trustee, to make the
following allocations and payments for the related Monthly Period on __________
__, ____, which date is a Transfer Date under the Pooling and Servicing
Agreement, in aggregate amounts set forth below in respect of the following
amounts:

I. Allocations and Payments of Series 2006-1 Finance Charge Amounts.

A.   Allocation of Series 2006-1 Finance Charge Amounts from the Collection
     Account pursuant to Section 3.01, to be applied on each Transfer Date by
     the Indenture Trustee in the following priority:

     1.   Class A Monthly Interest.....................................   $_____

     2.   Class A Monthly Interest previously due but not paid, if
          any..........................................................   $_____

     3.   Class A Additional Interest, if any, and any Class A
          Additional Interest previously due but not paid..............   $_____

     4.   Class B Monthly Interest.....................................   $_____

     5.   Class B Monthly Interest previously due but not paid, if
          any..........................................................   $_____

     6.   Class B Additional Interest, if any, and any Class B
          Additional Interest previously due but not paid..............   $_____

     7.   Series 2006-1 Servicing Fee..................................   $_____


                                      B-1

<PAGE>

     8.   Series 2006-1 Servicing Fee previously due but not paid, if
          any .........................................................   $_____

     9.   Class C Monthly Interest.....................................   $_____

     10.  Class C Monthly Interest previously due but not paid, if
          any..........................................................   $_____

     11.  Class C Additional Interest, if any, and any Class C
          Additional Interest previously due but not paid..............   $_____

     12.  Series 2006-1 Investor Default Amount to be treated as
          Available Principal Amounts, if any..........................   $_____

     13.  Aggregate Nominal Liquidation Amount Deficit, if any, to be
          treated as a Available Principal Amounts.....................   $_____

     14.  Amount up to the excess, if any of the Required Reserve
          Account Amount over the Available Reserve Account Amount to
          be deposited into the Reserve Account........................   $_____

     15.  Amount equal to the Spread Account Deficiency to be deposited
          into the Spread Account......................................   $_____

     16.  If an Event of Default and acceleration of the maturity of
          the Series 2006-1 Notes has occurred on or prior to the
          related Distribution Date, an amount up to the Series 2006-1
          Outstanding Dollar Principal Amount on such Distribution Date
          minus the amount of Series 2006-1 Available Principal Amounts
          (not taking into account amounts available under this clause)
          and amounts, if any, on deposit in the Principal Funding
          Account available to pay principal on the Class A Notes, the
          Class B Notes, and the Class C Notes on such Distribution
          Date, to be treated as a portion of Available Principal
          Amounts for such Distribution Date...........................   $_____

     17.  Amount to be treated as Shared Excess Finance Charge Amounts
          for application in accordance with Section 3.17..............   $_____

     18.  Amount to be paid to the Servicer and treated as Excess
          Finance Charge Collections for application in accordance with
          the Series 2005-CC Supplement and the Pooling and Servicing
          Agreement....................................................   $_____

             Total.....................................................   $_____


                                      B-2

<PAGE>

B.   Amounts to be treated as Series 2006-1 Finance Charge Amounts and deposited
     into the Collection Account pursuant to Section 3.03:

     1.   Amount withdrawn from the Reserve Account....................   $_____

     2.   Any Shared Excess Finance Charge Amounts allocable to Series
          2006-1.......................................................   $_____

     3.   Amount withdrawn from the Spread Account and deposited into
          the Collection Account for the Class C Notes ................   $_____

     4.   Receivables Sales Proceeds received by the Issuer pursuant to
          Section 3.12(c)(ii) and deposited into the Collection Account
          for Series 2006-1............................................   $_____

II. Allocations and Payments of Series 2006-1 Available Principal Amounts.

A.   Re-allocation of Series 2006-1 Available Principal Amounts pursuant to
     Section 3.06(a), (b) and (c) to be applied on the next Transfer Date by the
     Indenture Trustee:

     1.   Reallocated Class C Principal Collections:...................   $_____

     2.   Reallocated Class B Principal Collections:...................   $_____

B.   Targeted Deposits of Series 2006-1 Available Principal Amounts to the
     Principal Funding Account pursuant to Section 3.08, to be made by the
     Indenture Trustee on the following dates:

     1.   On the applicable Principal Payment Date prior to any
          payment, the Nominal Liquidation Amount for the related Class
          of Notes:

          a.   Class A.................................................   $_____

          b.   Class B.................................................   $_____

          c.   Class C.................................................   $_____

                  Total................................................   $_____

     2.   In the Principal Funding Account for each Class of the Series
          2006-1 Notes, the Controlled Accumulation Amount or the
          amount specified in Section 3.08(b)(ii):

          a.   Class A.................................................   $_____


                                      B-3

<PAGE>

          b.   Class B.................................................   $_____

          c.   Class C.................................................   $_____

                  Total................................................   $_____

     3.   In the case of an Event of Default, Early Redemption Event or
          other optional or mandatory redemption, on the applicable
          Transfer Date, the Nominal Liquidation Amount for the related
          Class of Notes:

          a.   Class A.................................................   $_____

          b.   Class B.................................................   $_____

          c.   Class C.................................................   $_____

                  Total................................................   $_____

C.   Payments and deposits pursuant to Section 3.09, to be received on the
     following dates:

     1.   Withdrawals from the Spread Account deposited into the
          Principal Funding Account on the Distribution Date pursuant
          to Section 3.14(b)...........................................   $_____

     2.   As of the date of receipt, Receivables Sales Proceeds
          received pursuant to Section 3.12(c)(i) deposited in the
          Principal Funding Account as of the date of receipt by the
          Issuer.......................................................   $_____

D.   Withdrawals from the Principal Funding Account pursuant to Section 3.10,
     and remitted to the Paying Agent for payment on the Notes in the following
     priority:

     1.   Principal payment to Class A Noteholders ....................   $_____

     2.   Principal payment to Class B Noteholders.....................   $_____

     3.   Principal payment to Class C Noteholders.....................   $_____

E.   Allocations of reductions from Investor Charge-Offs to the Nominal
     Liquidation Amount of subordinated classes pursuant to Section 3.04:

     1.   Initial allocation of Investor Charge-Offs to each Class of
          Series 2006-1 Notes..........................................   $_____
             Class A...................................................   $_____
             Class B...................................................   $_____


                                      B-4

<PAGE>

             Class C...................................................   $_____

     2.   Amount reallocated to the Class C Notes, subject to the
          restrictions set forth in Section 3.04(b)(i).................   $_____

     3.   Amount reallocated to the Class B Notes, subject to the
          restrictions set forth in Section 3.04(b)(ii)................   $_____

     4.   Amount reallocated to the class A Notes, subject to the
          restrictions set forth in Section 3.04(b)(iii)                  $_____

F.   Net proceeds from sales of Receivables for Accelerated Series 2006-1 Notes
     pursuant to Section 3.12.............................................$_____

III. Targeted deposits to, and withdrawals of funds on deposit from, the Spread
Account.

A.   Targeted deposit to the Spread Account for the Class C Notes
     pursuant to Section 3.13:                                            $_____

B.   Withdrawals from the Spread Account pursuant to Section 3.14:

     1.   Amount withdrawn from the Spread Account and deposited in the
          Collection Account for the Class C Notes pursuant to Section
          3.14(a):

     2.   Amount withdrawn from the Spread Account and deposited in the
          Principal Funding Account pursuant to Section 3.14(b):

IV.  Targeted deposits to, and withdrawals of funds on deposit from, the Reserve
     Account.

A.   Targeted deposit to the Reserve Account pursuant to Section 3.15:    $_____

B.   Withdrawals from the Reserve Account pursuant to Section 3.16:

     1.   Amount withdrawn from the Reserve Account and deposited in
          the Collection Account to be treated as Series 2006-1 Finance
          Charge Amounts pursuant to Section 3.16(a):

     2.   Amount withdrawn from the Reserve Account and paid to the
          Issuer pursuant to Section 3.16(b):


                                      B-5

<PAGE>

          IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Certificate this __ day of __________, _____.

                                        NATIONAL CITY BANK,
                                        as Servicer


                                        By:
                                             -----------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------


                                      B-6
<PAGE>
                                                                       EXHIBIT C

        FORM OF SERIES 2006-1 SCHEDULE TO MONTHLY NOTEHOLDERS' STATEMENT

                   NATIONAL CITY CREDIT CARD MASTER NOTE TRUST
                                  SERIES 2006-1

          Reference is made to the Series 2005-CC Supplement dated as of August
23, 2005 (the "Series 2005-CC Supplement"), between NATIONAL CITY BANK, as
Seller and Servicer, and The Bank of New York (Delaware), as Trustee, the
Indenture dated as of August 23, 2005 (the "Indenture"), as supplemented by the
Series 2006-1 Indenture Supplement, dated as of March 30, 2006 (the "Indenture
Supplement"), each between NATIONAL CITY CREDIT CARD MASTER NOTE TRUST, as
issuer (the "Issuer") and The Bank of New York, as indenture trustee (the
"Indenture Trustee"). Capitalized terms used in this Monthly Noteholders'
Statement have their respective meanings set forth in the Series 2005-CC
Supplement, the Master Indenture and the Indenture Supplement, as applicable.

     Information Regarding the Current Monthly Distribution

     1.   The amount of the current monthly principal payment in
          respect of the Class A Notes.................................   $_____

     2.   The amount of the current monthly principal payment in
          respect of the Class B Notes.................................   $_____

     3.   The amount of the current monthly principal payment in
          respect of the Class C Notes.................................   $_____

     4.   The amount of the current monthly distribution in respect of
          Class A Monthly Interest.....................................   $_____

     5.   The amount of the current monthly distribution in respect of
          Class A Additional Interest..................................   $_____

     6    The amount of the current monthly distribution in respect of
          Class B Monthly Interest.....................................   $_____

     7.   The amount of the current monthly distribution in respect of
          Class B Additional
          Interest.....................................................   $_____

     8.   The amount of the current monthly distribution in respect of
          Class C Monthly Interest.....................................   $_____

     9.   The amount of the current monthly distribution in respect of
          Class C Additional Interest..................................   $_____

     10.  Series 2006-1 Investor Default Amount


                                       C-1

<PAGE>

     (a)  The Series 2006-1 Investor Default Amount for the related
          Monthly Period...............................................   $_____

     (b)  Series 2006-1 Investor Default Amount allocated to the Class
          A Notes for the related Monthly Period.......................   $_____

     (c)  Series 2006-1 Investor Default Amount allocated to the Class
          B Notes for the related Monthly Period.......................   $_____

     (d)  Series 2006-1 Investor Default Amount allocated to the Class
          C Notes for the related Monthly Period.......................   $_____

11.  Investor Charge-Offs

     (a)  The aggregate amount of Investor Charge-Offs allocated to the
          Class A Notes for the related Monthly Period.................   $_____

     (b)  The aggregate amount of Investor Charge-Offs allocated to the
          Class B Notes for the related Monthly Period.................   $_____

     (d)  The aggregate amount of Investor Charge-Offs allocated to the
          Class C Notes for the related Monthly Period.................   $_____

     (e)  The aggregate amount of the Nominal Liquidation Amount
          Deficit of the Class A Notes reimbursed on the Transfer Date
          immediately preceding this Distribution Date.................   $_____

     (f)  The aggregate amount of the Nominal Liquidation Amount
          Deficit of the Class B Notes reimbursed on the Transfer Date
          immediately preceding this Distribution Date.................   $_____

     (g)  The aggregate amount of the Nominal Liquidation Amount
          Deficit of the Class C Notes reimbursed on the Transfer Date
          immediately preceding this Distribution Date.................   $_____

12.  Investor Servicing Fee

     (a)  The amount of the Master Trust Investor Servicing Fee payable
          by the Trust on behalf of the Series 2006-1 Noteholders to
          the Servicer for the related Monthly Period..................   $_____

     (b)  The amount of Servicer Interchange payable by the Trust to
          the Servicer for the related Monthly Period..................   $_____


                                       C-2

<PAGE>

13.  Reallocations

     (a)  The amount of Reallocated Class C Principal Collections with
          respect to this Distribution Date............................   $_____

     (b)  The amount of Reallocated Class B Principal Collections with
          respect to this Distribution Date............................   $_____

     (c)  The Class C Nominal Liquidation Amount as of the close of
          business on this Distribution Date...........................   $_____

     (d)  The Class B Nominal Liquidation Amount as of the close of
          business on this Distribution Date...........................   $_____

14.  Reserve Account

     (a)  The Reserve Draw Amount on the related Transfer Date.........   $_____

     (b)  The amount of the Reserve Draw Amount deposited in the
          Collection Account on the related Transfer Date to be treated
          as Series 2006-1 Finance Charge Amounts for the Class A
          Notes........................................................   $_____

     (c)  The amount of the Reserve Draw Account deposited in the
          Collection Account on the related Transfer Date to be treated
          as Series 2006-1 Finance Charge Amounts for the Class B
          Notes........................................................   $_____

     (d)  The amount of the Reserve Draw Account deposited in the
          Collection Account on the related Transfer Date to be treated
          as Series 2006-1 Finance Charge Amounts for the Class C
          Notes........................................................   $_____

     (e)  The amount on deposit in the Reserve Account that exceeds the
          amount required to be on deposit in the Reserve Account and
          is then paid to the Issuer...................................   $_____

15.  Spread Account

     (a)  The Spread Account Deficiency on the related Transfer
          Date.........................................................   $_____

     (b)  The amount withdrawn from the Spread Account and deposited in
          the Collection Account on the related Transfer Date to be
          treated as Series 2006-1 Finance Charge Amounts for the Class
          C Notes......................................................   $_____


                                       C-3

<PAGE>

     (c)  The amount withdrawn from the Spread Account and deposited in
          the Principal Funding Account on the related Transfer Date to
          be treated as Series 2006-1 Finance Charge Amounts for the
          Class C Notes................................................   $_____

16.  Series 2006-1 Finance Charge Amounts

     (a)  The amount of Series 2006-1 Finance Charge Amounts on deposit
          in the Collection Account allocated to the Class A Notes on
          the related Transfer Date....................................   $_____

     (b)  The amount of Series 2006-1 Finance Charge Amounts on deposit
          in the Collection Account allocated to the Class B Notes on
          the related Transfer Date....................................   $_____

     (c)  The amount of Series 2006-1 Finance Charge Amounts on deposit
          in the Collection Account allocated to the Class C Notes on
          the related Transfer Date....................................   $_____

     (d)  The amount of Shared Excess Finance Charge Amounts for other
          Series of Notes in Group A...................................   $_____

17.  Series 2006-1 Available Principal Amounts after Reallocations

     (a)  The amount of Series 2006-1 Available Principal Amounts on
          deposit in the Principal Funding Account allocated to the
          Class A Notes on the related Transfer Date...................   $_____

     (b)  The amount of Series 2006-1 Available Principal Amounts on
          deposit in the Principal Funding Account allocated to the
          Class B Notes on the related Transfer Date...................   $_____

     (c)  The amount of Series 2006-1 Available Principal Amounts on
          deposit in the Principal Funding Account allocated to the
          Class C Notes on the related Transfer Date...................   $_____

     (d)  The amount of Shared Excess Principal Amounts for other
          Series of Notes in Group A...................................   $_____

18.  Base Rate

     (a)  The Base Rate for the related Monthly Period.................   $_____

19.  Portfolio Yield

     (a)  The Portfolio Yield for the related Monthly Period...........   $_____


                                       C-4

<PAGE>

     (b)  The Portfolio Adjusted Yield for the related Monthly Period..   $_____


                                       C-5

<PAGE>

     IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Monthly Noteholders' Statement this __ day of __________, ____.

                                        NATIONAL CITY BANK, as Administrator on
                                        behalf of the National City Credit Card
                                        Master Note Trust and as Servicer of the
                                        National City Credit Card Master Trust


                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------


                                       C-6