EXHIBIT 10.1



 Exhibit 10.1 
 REASSIGNMENT OF RECEIVABLES 
 REASSIGNMENT NO. 7 OF RECEIVABLES, dated as of December 20, 2007,
by and between Chase Bank USA, National Association, a national banking association organized and existing under the laws of the United States (the “Bank”), and The Bank of New York, a banking corporation organized under the laws of
the State of New York, as Trustee (the “Trustee”) of the Chase Credit Card Master Trust (the “Trust”), pursuant to the Pooling and Servicing Agreement referred to below. 
 WITNESSETH: 
 WHEREAS, the Bank, as
Transferor and Servicer, and the Trustee and Paying Agent are parties to the Fifth Amended and Restated Pooling and Servicing Agreement, dated as of December 19, 2007 (the “Pooling and Servicing Agreement”); 
 WHEREAS, pursuant to the Pooling and Servicing Agreement, the Bank wishes to remove all Receivables from certain designated Accounts of the Bank (the
“Removed Accounts”) and to cause the Trustee to reconvey the Receivables of such Removed Accounts, whether now existing or hereafter created, from the Trust to the Bank (as each such term is defined in the Pooling and Servicing
Agreement); and 
 WHEREAS, the Trustee, on behalf of the Trust, is willing to accept such designation and to reconvey the Receivables in the
Removed Accounts subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Bank and the Trustee, on behalf of the Trust, hereby
agree as follows: 
 1. Defined Terms. All terms defined in the Pooling and Servicing Agreement and used herein shall have such defined
meanings when used herein, unless otherwise defined herein. 
 “Removal Cut-Off Date” shall mean, with respect to the
Removed Accounts designated hereby, November 30, 2007. 
 “Removal Date” shall mean, with respect to the Removed
Accounts designated hereby, December 20, 2007. 
 “Removal Notice Date” shall mean, with respect to the Removed
Accounts designated hereby, December 5, 2007 (which shall be a date on or prior to the fifth Business Day prior to the Removal Date). 
 2. Designation of Removed Accounts. The Bank shall deliver to the Trustee, not later than
five Business Days after the Removal Date, a true and complete list (in the form of a computer file, microfiche list, CD-ROM or such other form as agreed upon between the Transferor and the Trustee, on behalf of the Trust) of each VISA® and MasterCard® account which, as of the Removal Date, shall be deemed to be a 

  

 1 








 
Removed Account, each such account being identified by account number and by the aggregate amount of Receivables in such account as of the close of business
on the Removal Cut-Off Date. Such list shall be marked as Schedule 1 to this Reassignment and shall, as of the Removal Date, modify and amend and be incorporated into and made a part of this Reassignment and the Pooling and Servicing Agreement.

 3. Conveyance of Receivables. 
 (a) The Trustee, on behalf of the Trust, does hereby reconvey to the Bank, without recourse on and after the Removal Date, all right, title and interest of the Trust in and to the Receivables now existing and hereafter created in the
Removed Accounts designated hereby, all monies due or to become due with respect thereto (including all Finance Charge Receivables), all proceeds (as defined in Section 9-306 of the UCC as in effect in the State of Delaware) of such
Receivables, Insurance Proceeds relating to such Receivables and the proceeds thereof. 
 (b) In connection with such transfer, the Trustee,
on behalf of the Trust, agrees to authorize the Bank on or prior to the date of this Reassignment, to file a termination statement (in form and substance reasonably satisfactory to the Trustee) with respect to the Receivables now existing and
hereafter created in the Removed Accounts designated hereby (which may be a single termination statement with respect to all such Receivables) evidencing the release by the Trust of its Lien on the Receivables in the Removed Accounts, and meeting
the requirements of applicable state law, in such manner and such jurisdictions as are necessary to remove such Lien. 
 4.
Representations and Warranties of the Bank. The Bank hereby represents and warrants to the Trust as of the Removal Date: 
 (a)
Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid and binding obligation of the Bank enforceable against the Bank in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and the rights of creditors of national banking associations and except as such
enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 
 (b) Selection
Procedures. No selection procedures believed by the Bank to be materially adverse to the interests of the Investor Certificateholders were utilized in selecting the Removed Accounts designated hereby. 
 5. Conditions Precedent. The amendment of the Pooling and Servicing Agreement set forth in Section 6 hereof is subject to the satisfaction,
on or prior to the Removal Date, of the following condition precedent: 
 The Bank shall have delivered to the Trustee an
Officer’s Certificate certifying that (i) as of the Removal Date, all requirements set forth in Section 2.7 of the Pooling and Servicing Agreement for designating Removed Accounts and 








 
reconveying the Receivables of such Removed Accounts, whether now existing or hereafter created, have been satisfied and (ii) each of the
representations and warranties made by the Bank in Section 4 hereof is true and correct as of the Removal Date. The Trustee may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the
matters set forth therein, and shall incur no liability in so relying. 
 6. Amendment of the Pooling and Servicing Agreement. The
Pooling and Servicing Agreement is hereby amended to provide that all references therein to the “Pooling and Servicing Agreement,” to “this Agreement” and to “herein” shall be deemed from and after the Removal Date to
be a dual reference to the Pooling and Servicing Agreement as supplemented by this Reassignment. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions to the Pooling and Servicing Agreement shall
remain unamended and shall continue to be, and shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to
non-compliance with any term or provision of the Pooling and Servicing Agreement. 
 7. Counterparts. This Reassignment may be
executed in two or more counterparts (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. 
 8. GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE 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. 







 IN WITNESS WHEREOF, the undersigned have caused this Reassignment of Receivables to be duly executed and
delivered by their respective duly authorized officers on the day and year first above written. 
  

			
	THE BANK OF NEW YORK,
	as Trustee
		
	By:	 	 /s/ Michael Burack

	Name:	 	Michael Burack
	Title:	 	Assistant Treasurer
	
	 CHASE BANK USA,
 NATIONAL
ASSOCIATION,
 as Transferor and as Servicer


		
	By:	 	 /s/ Patricia M. Garvey

	Name:	 	Patricia M. Garvey
	Title:	 	Vice President


 Chase Credit Card Master Trust 
 Reassignment No. 7 of Receivables 







 Schedule I to 
 Reassignment  
 of Receivables 
 REMOVED ACCOUNTS