Document:

ex10_127.htm

Exhibit 10.127

 

SECOND AMENDMENT TO

RECEIVABLES PURCHASE AGREEMENT

This SECOND AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT, dated as of March 30, 2010 (this “Amendment”) is made between World Financial Network National Bank, a national banking association located in Columbus, Ohio (“WFNNB”), as RPA Seller, and WFN Credit Company, LLC (“WFN Credit”), as Purchaser (the “Purchaser”), to the Receivables Purchase Agreement, dated as of September 28, 2001, between the RPA Seller and the Purchaser (as amended as of June 24, 2008, and as amended from time to time, the “Receivables Purchase Agreement”).  Capitalized terms used and not otherwise defined in this Amendment are used as defined in the Receivables Purchase Agreement.

 WHEREAS, WFNNB is contemplating a merger with and into WFNNB Interim National Bank (the “Interim Bank”), an interim national banking association located in Delaware, with the resulting bank being a national banking association named World Financial Network National Bank and located in Delaware (the “Merger”); and

WHEREAS, the parties hereto desire to amend the Receivables Purchase Agreement in certain respects as set forth herein, with such amendments taking effect upon consummation of the Merger;

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

SECTION 1.  Amendments.  Section 1.2 of the Receivables Purchase Agreement is hereby amended by deleting the word “Ohio” where it appears in Section 1.2 and substituting with the word “Delaware”.

SECTION 2.  Conditions to Effectiveness.  This Amendment shall become effective upon consummation of the Merger; provided that each of the conditions precedent described in Section 9.1 of the Receivables Purchase Agreement shall have been satisfied.

SECTION 3.  Effect of Amendment; Ratification. i) On and after the effective date, this Amendment shall be a part of the Receivables Purchase Agreement and each reference in the Receivables Purchase Agreement to “this Agreement” or “hereof,” “hereunder” or words of like import, and each reference in any other Transaction Document to the Receivables Purchase Agreement shall mean and be a reference to the Receivables Purchase Agreement as amended hereby.

(b)           Except as expressly amended hereby, the Receivables Purchase Agreement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

SECTION 4. Approved Portfolio.  For the avoidance of doubt, the RPA Seller’s private label credit card program for Little Switzerland, which is an Approved Portfolio, includes, without limitation, all accounts from time to time included in the RPA Seller’s private label credit card program for Little Switzerland that are originated through Jewels retailers.

 

 

Second Amendment to Receivables Purchase

Agreement (Trust III)

 

  

  

  

 

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 CONFLICT OF LAWS PROVISIONS.

SECTION 6. Section Headings.  Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

SECTION 7.  Counterparts.  This Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement.  Counterparts of this Amendment may be delivered by facsimile or electronic transmission.

 

 

[Signature Page Follows]

 

 

Second Amendment to Receivables Purchase

Agreement (Trust III)

 

  

2

  

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.

 

	  	
WFN CREDIT COMPANY, LLC, as Purchaser

	  	  	  
	 	 	 
	  	By:  	/s/ Daniel T. Groomes
	  	  	
Name:  Daniel T. Groomes

	  	  	
Title:  President

	  	  	  
	  	  	  
	  	
WORLD FINANCIAL NETWORK NATIONAL

	  	
BANK, as RPA Seller

	  	  	  
	 	 	 
	  	By:   	/s/ Ronald C. Reed
	  	  	
Name:  Ronald C. Reed

	  	  	
Title:  Treasurer

 

 

Second Amendment to Receivables Purchase

Agreement (Trust III)ex10_128.htm

Exhibit 10.128

 

SUPPLEMENTAL AGREEMENT TO

RECEIVABLES PURCHASE AGREEMENT

This SUPPLEMENTAL AGREEMENT TO RECEIVABLES PURCHASE AGREEMENT, dated as of August 9, 2010 (this “Agreement”), is made between World Financial Network National Bank, a national banking association located in Wilmington, Delaware (the “Resultant Bank”) and WFN Credit Company, LLC (“WFN Credit”) to the Receivables Purchase Agreement, dated as of September 28, 2001, between World Financial Network National Bank, a national banking association located in Columbus, Ohio (“Ohio Bank”), as RPA Seller, and WFN Credit, as Transferor (as amended as of June 24, 2008 and March 30, 2010, and as may be further amended from time to time, the “Receivables Purchase Agreement”).  Capitalized terms used and not otherwise defined in this Agreement are used as defined in the Receivables Purchase Agreement.

WHEREAS, pursuant to an Agreement to Merge, dated July 19, 2010, between Ohio Bank and WFNNB Interim National Bank, a national banking association located in Wilmington, Delaware (“Delaware Bank”), Ohio Bank will merge with and into Delaware Bank and the resulting association shall be the Resultant Bank (such transactions, the “Merger”); and

WHEREAS, the Resultant Bank desires to assume the performance of the covenants and obligations of the RPA Seller under the Receivables Purchase Agreement as of the effective time of the Merger (“Effective Time”);

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

SECTION 1.  Assumption of Obligations.  Effective as of the Effective Time, the Resultant Bank assumes the performance of every covenant and obligation of the RPA Seller under the Receivables Purchase Agreement.

SECTION 2. Conditions to Effectiveness.  This Agreement shall become effective at the Effective Time; provided that the following conditions have been satisfied:

(a)  counterparts of this Agreement have been duly executed by each of the parties to this Agreement, and

(b)  each of the conditions precedent described in Section 9.5(a) of the Receivables Purchase Agreement has been satisfied.

SECTION 3.  Effect of Agreement; Ratification. i) On and after the Effective Time, this Agreement shall be a part of the Receivables Purchase Agreement and each reference in the Receivables Purchase Agreement to “this Agreement” or “hereof,” “hereunder” or words of like import, and each reference in any other Transaction Document to the Receivables Purchase Agreement shall mean and be a reference to the Receivables Purchase Agreement as supplemented hereby.

 

 

Supplemental Agreement to Receivables Purchase

Agreement (Trust III)

 

  

  

  

 

(b)           Except as expressly amended hereby, the Receivables Purchase Agreement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

SECTION 4. Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS.

SECTION 5. Section Headings.  Headings used herein are for convenience of reference only and shall not affect the meaning of this Agreement.

SECTION 6.  Counterparts.  This Agreement may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement.

 [Signature Page Follows]

 

 

Supplemental Agreement to Receivables Purchase

Agreement (Trust III)

 

  

2

  

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.

	  	
WORLD FINANCIAL NETWORK NATIONAL BANK

	  	  	  
	 	 	 
	  	By:   	/s/ John J. Coane
	  	  	
Name:  John J. Coane

	  	  	
Title:  Vice President and CFO

	  	  	  
	  	  	  
	  	
WFN CREDIT COMPANY, LLC

	  	  	  
	 	 	 
	  	By:   	/s/ Daniel T. Groomes
	  	  	
Name:  Daniel T. Groomes

	  	  	
Title:  President

 

	Acknowledged and accepted by:	  
	  
	UNION BANK, N.A., as Trustee	  
	  	 	  
	  	 	  
	By: 	/s/ Eva Aryeetey	  
	Name:  	Eva Aryeetey	  
	Title:  	Vice President	  

 

 

Supplemental Agreement to Receivables Purchase

Agreement (Trust III)ex10_134.htm

Exhibit 10.134

 

SUPPLEMENTAL AGREEMENT TO

AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT

This SUPPLEMENTAL AGREEMENT TO AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT, dated as of August 9, 2010 (this “Agreement”), is made among World Financial Network National Bank, a national banking association located in Wilmington, Delaware (the “Resultant Bank”), WFN Credit Company, LLC (“WFN Credit”), and Union Bank, N.A. (“Union Bank”), formerly known as Union Bank of California, N.A., successor to JPMorgan Chase Bank, N.A., as Trustee of World Financial Network Credit Card Master Trust III, to the Amended and Restated Pooling and Servicing Agreement, dated as of January 30, 1998, among World Financial Network National Bank, a national banking association located in Columbus, Ohio (“Ohio Bank”), as Servicer, WFN Credit, as Transferor and Union Bank, as Trustee (as amended and restated as of September 28, 2001, and as amended as of April 7, 2004, March 23, 2005, October 26, 2007 and March 30, 2010, and modified by a Trust Combination Agreement, dated as of April 26, 2005, and as further amended from time to time, the “Pooling Agreement”).  Capitalized terms used and not otherwise defined in this Agreement are used as defined in the Pooling Agreement.

WHEREAS, pursuant to an Agreement to Merge, dated July 19, 2010, between Ohio Bank and WFNNB Interim National Bank, a national banking association located in Wilmington, Delaware (“Delaware Bank”), Ohio Bank will merge with and into Delaware Bank, and the resulting association will be the Resultant Bank (such transactions, the “Merger”); and

WHEREAS, the Resultant Bank desires to assume the performance of the covenants and obligations of the Servicer under the Pooling Agreement as of the effective time of the Merger (the “Effective Time”);

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

SECTION 1.  Assumption of Obligations.  Effective as of the Effective Time, the Resultant Bank assumes the performance of every covenant and obligation of the Servicer under the Pooling Agreement.

SECTION 2.Conditions to Effectiveness.  This Agreement shall become effective at the Effective Time; provided that the following conditions have been satisfied:

(a)  counterparts of this Agreement have been duly executed by each of the parties to this Agreement, and

(b)  each of the conditions precedent described in Section 8.2(a) of the Pooling Agreement has been satisfied.

SECTION 3.  Effect of Agreement; Ratification. i) On and after the Effective Time, this Agreement shall be a part of the Pooling Agreement and each reference in the Pooling Agreement to “this Agreement” or “hereof,” “hereunder” or words of like import, and each reference in any other Transaction Document to the Pooling Agreement shall mean and be a reference to the Pooling Agreement as supplemented hereby.

 

 

Supplemental Agreement to Pooling Agreement

(Trust III)

 

  

  

  

(b)           Except as expressly amended hereby, the Pooling Agreement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.

SECTION 4. Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS.

SECTION 5.  Section Headings.  Headings used herein are for convenience of reference only and shall not affect the meaning of this Agreement.

SECTION 6.  Counterparts.  This Agreement may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement.

SECTION 7.  Trustee Disclaimer.  Trustee shall not be responsible for the validity or sufficiency of this Agreement, nor for the recitals contained herein.

 

 

[Signature Page Follows]

 

 

Supplemental Agreement to Pooling Agreement

(Trust III)

 

  

  

  

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date first above written.

	  	
WORLD FINANCIAL NETWORK NATIONAL BANK

	  	  	  
	  	  	  
	 	By:  	/s/ John J. Coane
	  	  	
Name:  John J. Coane

	  	  	
Title:  Vice President and CFO

	  	  	  
	  	  	  
	  	
WFN CREDIT COMPANY, LLC

	  	  	  
	  	  	  
	 	By: 	/s/ Daniel T. Groomes
	  	  	
Name:  Daniel T. Groomes

	  	  	
Title:  President

	  	  	  
	  	  	  
	  	
UNION BANK, N.A., as Trustee

	  	  	  
	  	  	  
	 	By:  	/s/ Eva Aryeetey
	  	  	
Name:  Eva Aryeetey

	  	  	
Title:  Vice President

 

 

Supplemental Agreement to Pooling Agreement

(Trust III)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]