EX-4.1






Exhibit 4.1




THIRD AMENDMENT TO

POOLING AND SERVICING AGREEMENT




          This THIRD AMENDMENT TO THE POOLING AND SERVICING AGREEMENT, dated as of February 24, 2009
(this “Amendment”), is among American Express Receivables Financing Corporation II
(“RFC II”), American Express Receivables Financing Corporation III LLC (“RFC III”),
American Express Receivables Financing Corporation IV LLC (“RFC IV”), American Express
Travel Related Services Company, Inc. (the “Servicer”) and The Bank of New York Mellon
(formerly The Bank of New York), as trustee (the “Trustee”). This Amendment amends the
Pooling and Servicing Agreement, dated as of May 16, 1996, as amended and restated as of January 1,
2006 and as amended as of December 17, 2007 and as of October 24, 2008 (the “Pooling and
Servicing Agreement” and, together with this Amendment, the “Amended Pooling and Servicing
Agreement”).




RECITALS




          1. Pursuant to Section 13.01(a) of the Pooling and Servicing Agreement, each of RFC II, RFC
III and RFC IV has delivered to the Trustee an Officer’s Certificate, dated the date of this
Amendment, stating that RFC II, RFC III and RFC IV, respectively, reasonably believes that this
Amendment will not have an Adverse Effect.




          2. RFC II, RFC III, RFC IV and the Servicer have satisfied all conditions precedent contained
in the Pooling and Servicing Agreement to entering into this Amendment and this Amendment is
authorized and permitted under the Pooling and Servicing Agreement. All capitalized terms not
otherwise defined herein shall have the meanings assigned to such terms in the Pooling and
Servicing Agreement.




          3. Now, therefore, in consideration of the mutual agreements herein contained, and other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, each party
hereto agrees as follows:




AMENDMENTS




          SECTION 1. Amendment to Section 1.01.




          (a) The definition of “Third Amendment Effective Date” shall be added to Section 1.01
of the Pooling and Servicing Agreement and it shall read as follows:




          “Third Amendment Effective Date” shall mean February 24, 2009.




          (b) The definition of “Monthly Period” in Section 1.01 of the Pooling and Servicing
Agreement shall be deleted in its entirety and inserted in its place shall be the following:





“Monthly Period” shall mean, with respect to each Distribution Date, unless
otherwise provided in a Supplement, the period (i) from and including the day
following the last day of the twenty-first billing cycle applicable to the Accounts













 







ending during the second preceding calendar month and (ii) to and including the last
day of the twenty-first billing cycle applicable to the Accounts ending in the
calendar month immediately preceding the calendar month in which such Distribution
Date shall occur; provided, however, that the initial Monthly Period with respect to
any Series will commence on the Closing Date with respect to such Series.



          SECTION 2. Miscellaneous. The amendments provided for by this Amendment shall become
effective as of the Third Amendment Effective Date upon receipt by the Trustee of the following:




          (a) Notification in writing from each of Moody’s and Standard & Poor’s to the effect that
this Amendment will not result in a reduction or withdrawal of the rating of any outstanding Series
or Class to which it is a Rating Agency.




          (b) An Officer’s Certificate of each Transferor to the effect that such Transferor reasonably
believes that this Amendment will not have an Adverse Effect.




          (c) An Opinion of Counsel delivered pursuant to subsection 13.02(d)(i) of the Pooling and
Servicing Agreement.




          (d) Counterparts of this Amendment, duly executed by the parties hereto.




          SECTION 3. Pooling and Servicing Agreement in Full Force and Effect as Amended. The
Pooling and Servicing Agreement is hereby amended by providing that all references therein to the
“Pooling and Servicing Agreement,” “this Agreement,” “hereby,” “hereof” and “herein” shall be
deemed from and after the effective date of this Amendment to be a reference to the Amended Pooling
and Servicing Agreement. Except as expressly amended hereby, all of the representations,
warranties, terms, covenants and conditions of the Pooling and Servicing Agreement shall remain
unamended and shall continue to be, and shall remain, in full force and effect in accordance with
their terms and except as expressly provided herein, this Amendment shall not constitute or be
deemed to constitute a waiver of compliance with or consent to non-compliance with any term or
provision of the Pooling and Servicing Agreement.




          SECTION 4. Counterparts. This Amendment 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.




          SECTION 5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICTS OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED
IN ACCORDANCE WITH SUCH LAWS.




          SECTION 6. Limitation of Trustee. The Trustee makes no representations as to the
validity or sufficiency of this Amendment. The recitals and statements herein are deemed to be
those of RFC II, RFC III, RFC IV and the Servicer, and not of the Trustee.




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          IN WITNESS WHEREOF, RFC II, RFC III, RFC IV, the Servicer and the Trustee have caused this
Amendment to be duly executed and delivered by their respective duly authorized officers as of the
day and year first written above.




	 	 	 	 	 
	 	AMERICAN EXPRESS RECEIVABLES

  FINANCING CORPORATION II,

  as a Transferor

 	 
	 	By:  	/s/ John D. Koslow	 
	 	 	Name:  	John D. Koslow	 
	 	 	Title:  	Vice President and Treasurer	 
	 
	 	AMERICAN EXPRESS RECEIVABLES

  FINANCING CORPORATION III LLC,

  as a Transferor

 	 
	 	By:  	/s/ Catherine M. Hogan	 
	 	 	Name:  	Catherine M. Hogan 	 
	 	 	Title:  	President 	 
	 
	 	AMERICAN EXPRESS RECEIVABLES

  FINANCING CORPORATION IV LLC,

  as a Transferor

 	 
	 	By:  	/s/ Robert C. Radle	 
	 	 	Name:  	Robert C. Radle 	 
	 	 	Title:  	President 	 
	 
	 	AMERICAN EXPRESS TRAVEL RELATED

  SERVICES COMPANY, INC.,

  as Servicer

 	 
	 	By:  	/s/ David L. Yowan	 
	 	 	Name:  	David L. Yowan 	 
	 	 	Title:  	Senior Vice President & Treasurer 	 
	 
	 	THE BANK OF NEW YORK MELLON,

  as Trustee

 	 
	 	By:  	/s/ Catherine L. Cerilles	 
	 	 	Name:  	Catherine L. Cerilles	 
	 	 	Title:  	Vice President	 
	 



[Signature Page to Third Amendment to Pooling and Servicing Agreement]