Document:

EXHIBIT 10.4

CLASS C CONFIRMATION

                               Confirmation to the
                          1992 ISDA Master(R) Agreement
                     relating to the Class C Swap Agreement
                            Dated [___] October 2002

GRACECHURCH CARD FUNDING (NO. 2) PLC

Re:   Transaction between Barclays Bank PLC ("PARTY A") and Gracechurch Card
      Funding (No. 2) PLC ("PARTY B")

Dear Sirs:

The purpose of this letter agreement is to confirm the terms and conditions of
the Swap Transaction entered into between you and us on the Trade Date specified
below (the "SWAP TRANSACTION"). References herein to a TRANSACTION shall be
deemed to be references to a SWAP TRANSACTION for the purposes of the
Definitions.

The definitions and provisions contained in the 2000 ISDA Definitions (as
published by the International Swaps and Derivatives Association, Inc.) are
incorporated into this Confirmation. In the event of any inconsistency between
those Definitions and this Confirmation, this Confirmation will govern.

1.    This Confirmation incorporates the ISDA Master Agreement, including the
      schedule thereto (the "ISDA MASTER") dated as of [___] October 2002,
      between you and us and this Confirmation, together with the ISDA Master,
      constitutes a single agreement (the "AGREEMENT"). All provisions contained
      in the ISDA Master apply to this Confirmation except as expressly modified
      below.

2.    The terms of the particular Transaction to which this Confirmation relates
      are as follows:

<TABLE>
<S>                                             <C>
      Party A:                                  Barclays Bank PLC

      Party B:                                  Gracechurch Card Funding (No. 2) PLC

      Trade Date:                               [___] October 2002

      Effective Date:                           [___] October 2002; provided, however, that
                                                effectiveness is subject to the issuance of the
                                                Notes and the receipt by the Series 02-1 Issuer on
                                                or prior to [___] October 2002 of unconditional
                                                confirmation that upon issue the Class C Notes
                                                will be rated [___] by Moody's and [___] by
                                                Standard & Poor's.
</TABLE>

<PAGE>

<TABLE>
<S>                                             <C>
      Termination Date:                         [___], subject to adjustment in accordance with
                                                the Following Business Day Convention, and subject
                                                to adjustment in accordance with Section 3.3 below

      Business Days for USD:                    A day other than a Saturday, a Sunday or a day on
                                                which banking institutions in London, England or
                                                New York, New York are authorised or obliged by
                                                law to be closed

      Business Days for GBP:                    Any day other than a Saturday, a Sunday or a day
                                                on which banking institutions in London, England
                                                or New York, New York are authorised or obliged by
                                                law or executive order to be closed. [ensure
                                                definition conforms with MTN]

      Calculation Agent                         Party A

      INITIAL EXCHANGE AMOUNTS AND FINAL EXCHANGE AMOUNTS

      Party A Initial Exchange Amount:          GBP [___]

      Party A Initial Exchange Date:            Effective Date

      Party A Final Exchange Amount:            Party A Currency Amount on the Termination Date

      Party A Final Exchange Date:              Termination Date

      Party B Initial Exchange Amount:          USD [___]

      Party B Initial Exchange Date:            Effective Date

      Party B Final Exchange Amount:            Party B Currency Amount on the Termination Date

      Party B Final Exchange Date:              Termination Date

      PARTY A FLOATING RATE AMOUNTS

      Party A Floating Rate Payer:              Party A

      Party A Currency Amount:                  USD  [___]   (subject   to   adjustment   during  the
                                                Redemption Period as set out herein)

      Party A Floating Rate Payer               The 15th day of each calendar month from and
      Period End Dates:                         including 15 [___] 2002 to and including 15 [___],
                                                in each case subject to adjustment in accordance
                                                with the Following Business Day Convention
</TABLE>

                                               -2-
<PAGE>

<TABLE>
<S>                                             <C>
      Party A Floating Rate Payer               Each Party A Floating Rate Payer Period End Date.
      Payment Dates:                            Party A will provide a clearing system notice as
                                                to the amount to be paid on each Party A Floating
                                                Rate Payer Payment Date 2 Business Days prior to
                                                each such Party A Floating Rate Payer Payment
                                                Date.

      Party A Floating Rate Option:             USD-LIBOR  as   calculated   in   accordance   with
                                                Condition 4 of the  Conditions  of the Notes,  [and
                                                provided that in accordance  with such Condition in
                                                respect of the first  Calculation  Period the Party
                                                A   Floating   Rate   Option   shall  be  a  linear
                                                interpolation  of the  rates  for [___] USD  deposits
                                                and [___] USD deposits]

      Designated Maturity:                      1 month

      Spread:                                   [___]%

      Party A Floating Rate

      Day Count Fraction:                       Actual/360  as   calculated   in  accordance   with
                                                Condition 4 of the Conditions

      Reset Dates:                              First day of each Calculation Period

      PARTY B FLOATING RATE AMOUNTS

      Party B Floating Rate Payer:              Party B

      Party B Currency Amount:                  GBP  [___]   (subject   to   adjustment   during  the
                                                Redemption Period as set out herein)

      Party B Floating Rate Payer

      Period End Dates:                         The  15th  day of  each  calendar  month  from  and
                                                including  15 [___] 2002 to and  including 15 [___], in
                                                each case subject to adjustment in accordance  with
                                                the Following Business Day Convention

      Party B Floating Rate Payer               Each Party B Floating Rate Payer Period End Date
      Payment Dates:
</TABLE>

                                               -3-
<PAGE>

<TABLE>
<S>                                             <C>
      Party B Floating Rate Option:             GBP-LIBOR-BBA  calculated  in  accordance  with the
                                                Series 02-1 Class C Debt Amount  [provided  that in
                                                respect of the first  Calculation  Period the Party
                                                B   Floating   Rate   Option   shall  be  a  linear
                                                interpolation  of  the   GBP-LIBOR-BBA   rates  for
                                                [___]-month GBP deposits and [___]-month GBP deposits]

      Designated Maturity:                      1 month

      Spread:                                   [___]%

      Party B Floating Rate

      Day Count Fraction:                       A fraction,  the  numerator  of which is the actual
                                                number of days in such  Calculation  Period and the
                                                denominator  of which is 365 (or 366 in the case of
                                                any  Calculation  Period  ending in a leap year) as
                                                calculated  in  accordance  with the interest  rate
                                                applicable to the Series 02-1 Class C Debt Amount

      Reset Dates:                              First day of each Calculation Period
</TABLE>

3.    DETAILS OF VARIATION TO AGREEMENT:

3.1   TAXATION: Neither Party A nor Party B is under any obligation to gross up
      any payments to be made under this Agreement for amounts withheld with
      respect to any Tax. In the event that a Tax is imposed such that Party B's
      payment hereunder shall be net of the amount of any Taxes so withheld,
      accounted for, deducted or suffered, then Party A's payment obligation
      shall be reduced in proportion to the amount by which the payments to be
      made by Party B are so reduced. In the event that a Tax is imposed such
      that Party A's payment hereunder shall be net of the amount of any Taxes
      so withheld, accounted for, deducted or suffered, then (subject to the
      first sentence of this Section 3.1 and Section 3.2, 3.3 and 3.4 below) the
      payment obligations of Party B shall remain the same.

3.2   INTEREST DEFERRAL:

(A)   The obligation of Party B to pay the Party B Floating Rate Amount on any
      Party B Floating Rate Payer Payment Date will be reduced to the extent
      that, on such Party B Floating Rate Payer Payment Date, the amount
      referable to Finance Charge Collections referable to the Series 02-1 Class
      C Debt Amount (other than any funds relating to excess spread attributable
      to Series 02-1) having been credited to the Series 02-1 Distribution
      Account of Barclaycard Funding plc (the "MTN ISSUER") by the Receivables
      Trustee is less than the Class C Monthly Distribution Amount calculated
      for the relevant Calculation Period (as such terms are defined in relation
      to the Series 02-1 Investor Interest) (any such amount, the "DEFERRED
      INTEREST AMOUNT") occurring

                                      -4-
<PAGE>

      during the period from the preceding Party B Floating Rate Payer Payment
      Date and ending on or immediately prior to that Party B Floating Rate
      Payer Payment Date.

      The obligation of Party A to pay the Party A Floating Rate Amount on any
      Party A Floating Rate Payer Payment Date will be reduced by an amount
      equal to the Party A Floating Rate Amount otherwise payable on such Party
      A Floating Rate Payer Payment Date (prior to any adjustment thereof in
      accordance with this Section 3.2) multiplied by the Reduction Ratio. The
      "REDUCTION RATIO" is a fraction equal to:

                Deferred Interest Amount
           --------------------------------
           Aggregate Party B Payment Amount

      The "AGGREGATE PARTY B PAYMENT AMOUNT" is equal to the Party B Floating
      Rate Amount, before any adjustment thereof in accordance with the terms of
      the provisions of this Section 3.2, that would otherwise have been payable
      on such Party B Floating Rate Payer Payment Date.

(B)   The obligation of Party B to pay the Party B Floating Rate Amount on any
      Party B Floating Rate Payer Payment Date shall be increased in the event
      of (and to the extent of available funds in relation to) additional
      amounts referable to Finance Charge Collections in respect of the Series
      02-1 Class C Debt Amount (other than any funds relating to excess spread
      attributable to Series 02-1) having been credited to the Series 01-2
      Distribution Account by the Receivables Trustee to make up any previous
      Deferred Interest Amount.

      The obligation of Party A to pay the Party A Floating Rate Amount on any
      Party A Floating Rate Payer Payment Date will be increased by an amount
      (the "ADDITIONAL PARTY A AMOUNT") equal to the Party A Floating Rate
      Amount otherwise payable on such Party A Floating Rate Payer Payment Date
      (prior to any adjustment thereof in accordance with this Section 3.2)
      multiplied by the Increase Ratio. Accordingly, on such Party A Floating
      Rate Payer Payment Date, Party A shall pay the Party A Floating Rate
      Amount as well as the Additional Party A Amount. The "INCREASE RATIO" is a
      fraction equal to:

                Increased Interest Amount
           ---------------------------------
            Aggregate Party B Payment Amount

      The "INCREASED INTEREST AMOUNT" is equal to the amount of Finance Charge
      Collections referable to the Series 02-1 Class C Debt Amount and credited
      to the Series 02-1 Distribution Account by the Receivables Trustee on the
      Party B Floating Rate Payer Payment Date which corresponds to such Party A
      Floating Rating Payer Payment Date and so deposited to make up any
      previous Deferred Interest Amount.

3.3   REDEMPTION PERIOD. On the earlier of (a) the Series 02-1 Scheduled
      Redemption Date in the event that the Class C Debt Amount is not redeemed
      in full on such date, (b) the first distribution date for the Regulated
      Amortisation Period or (c) the first distribution

                                      -5-
<PAGE>

      date for the Rapid Amortisation Period (any such event, a "REDEMPTION
      TRIGGER") then the following provisions shall apply. The "REDEMPTION
      PERIOD END DATE" is the early of (a) the Party B Floating Rate Payer
      Payment Date falling in [___] [note to draft: legal final redemption date]
      and (b) the date upon which the Class C Debt Amount is redeemed in full.
      From the occurrence of the Redemption Trigger, the Termination Date shall
      be amended to be the Redemption Period End Date. The period from and
      including the date on which the Redemption Trigger occurs and the
      Redemption Period End Date is called the "REDEMPTION PERIOD".

3.4   AMORTISATION OF PARTY A CURRENCY AMOUNT AND PARTY B CURRENCY AMOUNT DURING
      REDEMPTION PERIOD

      During the Redemption Period, on each Party B Floating Rate Payer Period
      End Date (including the Series 02-1 Scheduled Redemption Date if the
      Redemption Trigger falls on the Series 02-1 Scheduled Redemption Date),
      the Party B Currency Amount shall be reduced (for the next following
      Calculation Period for Party B) by the amount on deposit on that Party B
      Floating Rate Payer Period End Date in the Series 02-1 Issuer Account and
      referable to the Class C Debt Amount and credited to the Class C Notes
      principal ledger (the amount of such reduction, the "PARTY B AMORTISATION
      AMOUNT"). On each Party B Floating Rate Payer Payment Date corresponding
      to such Party B Floating Rate Payer Period End Date, Party B shall pay to
      Party A an amount equal to the Party B Amortisation Amount.

      During the Redemption Period, on each Party A Floating Rate Payer Period
      End Date (including the Series 02-1 Scheduled Redemption Date if the
      Redemption Trigger occurs on the Series 02-1 Scheduled Redemption Date),
      the Party A Currency Amount shall be reduced (for the next following
      Calculation Period for Party A) by an amount (the "PARTY A AMORTISATION
      AMOUNT") calculated as specified below. The Party A Amortisation Amount is
      equal to A x B/C where:

      A = the Party A Currency Amount calculated on the Effective Date

      B = the Party B Amortisation Amount applicable on the Party B Floating
      Rate Payer Period End Date occurring on such Party A Floating Rate Payer
      Period End Date

      C = the Party B Currency Amount calculated on the Effective Date.

      On the Party A Floating Rate Payer Payment Date, Party A shall pay to
      Party B an amount equal to the Party A Amortisation Amount.

4.    ACCOUNT DETAILS

             Account for           Barclays Bank PLC, 54 Lombard Street, London
             Payments to Party A   CHAPS: [20-00-00]
             in GBP:               Beneficiary: [Barclays Swaps]
                                   Beneficiary Account: [00152021]

                                      -6-
<PAGE>

             Account for           Barclays Bank PLC
             Payments to Party A   SWIFT: [BARCGB22]
             in USD                Beneficiary: [Barclays Bank PLC London]
                                   Beneficiary Account: [___]

             Account for           Barclays Bank PLC [___]
             Payments to Party B   Sort code [___]
             in GBP:               Account number [___]

             Account for           Barclays Bank PLC [___]
             Payments to Party B   Sort code [___]
             in USD:               Account number [___]

5.    CONTACT FOR PARTY A DOCUMENTATION AND OPERATIONS:

        Barclays Bank PLC
        Attention:                  [Derivatives Director, Legal Division
                                    (marked urgent)]
        Telephone:                  +44 20 [7773 2224]
        Fax No:                     +44 20 [7773 4932]

6.    GOVERNING LAW: England

Please confirm that the foregoing correctly sets forth the terms of our
agreement by executing the copy of this Confirmation enclosed for that purpose
and returning it to us.

                                       BARCLAYS BANK PLC

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title: Authorised Signatory

                                       Confirmed as of the date first written:

                                       GRACECHURCH CARD FUNDING (NO. 2) PLC

                                       By:
                                           -------------------------------------
                                       Name:
                                       Title: Authorised Signatory

                                      -7-
<PAGE>

                                    SCHEDULE
                                     TO THE
                          1992 ISDA MASTER(R) AGREEMENT
                          DATED AS OF [_] OCTOBER 2002
                                     BETWEEN

                                BARCLAYS BANK PLC
                                   ("PARTY A")
                                       AND

                      GRACECHURCH CARD FUNDING (NO. 2) PLC
                                   ("PARTY B")
                                       AND

                         BANK OF NEW YORK, LONDON BRANCH
                                   ("PARTY C")

1.   TERMINATION PROVISIONS

     (a)  "SPECIFIED ENTITY" means in relation to Party A for the purpose of:

          Section 5(a)(v), None Specified
          Section 5(a)(vi), None Specified
          Section 5(a)(vii), None Specified
          Section 5(b)(iv), None Specified
          and in relation to Party B for the purpose of
          Section 5(a)(v), None Specified
          Section 5(a)(vi), None Specified
          Section 5(a)(vii), None Specified
          Section 5(b)(iv), None Specified

     (b)  "SPECIFIED TRANSACTION" has the meaning specified in Section 14.

     (c)  The "BREACH OF AGREEMENT" provisions of Section 5(a)(ii) will not
          apply to Party B.

          The "CREDIT SUPPORT DEFAULT" provisions of Section 5(a)(iii) will not
          apply to Party B.

          The "MISREPRESENTATION" provisions of Section 5(a)(iv) will not apply
          to Party B.

          The "DEFAULT UNDER SPECIFIED TRANSACTION" provisions of Section
          5(a)(v) will not apply to Party A and Party B.

          The "CROSS DEFAULT" provisions of Section 5(a)(vi) will not apply to
          Party A and Party B.

          The "CREDIT EVENT UPON MERGER" provisions of Section 5(b)(iv) will not
          apply to Party A and Party B.

<PAGE>

     (d)  The "AUTOMATIC EARLY TERMINATION" provisions of Section 6(a) will not
          apply to Party A and Party B.

     (e)  PAYMENTS ON EARLY TERMINATION. "Second Method" and "Market Quotation"
          will apply for the purpose of Section 6(e) of this Agreement.

     (f)  "TERMINATION CURRENCY" means GBP.

     (g)  The "TAX EVENT" provisions of Section 5(b)(ii) (and accordingly
          5(b)(iii)) will not apply to Party A and Party B.

     (h)  ADDITIONAL TERMINATION EVENT will apply. Each of the following shall
          constitute an Additional Termination Event.

          (i)  EVENT OF DEFAULT

               An Event of Default under the Conditions occurs and Bank of New
               York, London Branch, in its capacity as trustee (the "NOTE
               TRUSTEE"), gives notice that the notes (the "NOTES") issued by
               the Party B pursuant to the Trust Deed (as defined below) are due
               and repayable as provided in Condition 9 of the Conditions (in
               which event Party B shall be the Affected Party).

               In the case of the Additional Termination Event described in
               sub-paragraph (i) above, the provisions of Section 6(b)(iv) shall
               be modified to provide that Party B will, by not more than 20
               days notice to Party A, and provided that the Additional
               Termination Event is then continuing, designate as the day which
               is the day such notice by the Note Trustee declaring the Notes
               due and repayable is effective as an Early Termination Date in
               respect of all Affected Transactions.

          (ii) WITHHOLDING TAX EVENT

               In the event that there is a withholding tax imposed (1) in
               relation to the Issuer's payments under the Notes; (2) in
               relation to any payments to Party B under the Series 02-1 MTN;
               (3) in relation to Party B's payments under this Agreement, (4)
               in relation to Party A's payments under this Agreement (following
               the expiration of a period of 30 days from Party B or the Note
               Trustee becoming aware of the imposition of such withholding tax
               and notwithstanding Party A's obligations in relation to Section
               6(b)(ii)(2) of this Agreement).

               In the case of the Additional Termination Event described in
               sub-paragraph (ii) above, Party A shall be the Affected Party.

2.   TAX REPRESENTATIONS

     (a)  PAYER REPRESENTATIONS

          For the purpose of Section 3(e) of this Agreement, Party A and Party B
          make the representations specified below:

<PAGE>

               Party A makes the following representation: It is a bank
               organised under the laws of England and Wales and is resident for
               United Kingdom tax purposes in the United Kingdom.

               Party B makes the following representation: It is a company duly
               incorporated under the laws of England and Wales and is resident
               for United Kingdom tax purposes in the United Kingdom.

     (b)  PAYEE REPRESENTATIONS

          For the purpose of Section 3(f) of this Agreement, Party A and Party B
          make the representations specified below:

               Party A makes the following representation: It is a bank
               organised under the laws of England and Wales.

               Party B makes the following representation: It is a company duly
               incorporated under the laws of England and Wales.

3.   AGREEMENT TO DELIVER DOCUMENTS

     For the purpose of Section 4(a) of this Agreement, each party agrees to
     deliver the following documents as applicable:

     (a)  Tax forms, documents or certificates to be delivered are:

================================================================================
PARTY REQUIRED TO   |                                |    DATE BY WHICH TO
DELIVER DOCUMENT    |    FORM/DOCUMENT/CERTIFICATE   |    BE DELIVERED
--------------------|--------------------------------|--------------------------
Party A/Party B     |    Any document required       |    Promptly upon the
                    |    or reasonably               |    earlier of (i)
                    |    requested to allow the      |    reasonable demand by
                    |    other party to make         |    the other party and
                    |    payments under the          |    (ii) learning that
                    |    Agreement without any       |    the form or document
                    |    deduction or                |    is required
                    |    withholding for or on       |
                    |    account of any Tax, or      |
                    |    with such deduction or      |
                    |    withholding at a            |
                    |    reduced rate, or to         |
                    |    enable the relevant         |
                    |    party to claim back or      |
                    |    be refunded for any         |
                    |    amount of Tax so            |
                    |    withheld or deducted        |
                    |    where such relevant         |
                    |    party received a            |
                    |    payment under this          |
                    |    Agreement net of such       |
                    |    Tax                         |
================================================================================

<PAGE>

     (b)  Other documents to be delivered are:

PARTY REQUIRED            FORM/               DATE BY WHICH         COVERED BY
 TO DELIVER             DOCUMENT/                 TO BE            SECTION 3(D)
  DOCUMENT             CERTIFICATE              DELIVERED         REPRESENTATION
---------------    --------------------    -------------------    --------------
Party A/Party B    Certificate or other    At the execution of        Yes
                   documents evidencing    this Agreement, and,
                   the authority of the    if a Confirmation so
                   party entering into     requires it on or
                   this Agreement and      before the date set
                   the persons acting      forth therein
                   on behalf of such
                   party (including any
                   incumbency
                   certificates
                   delivered in
                   connection with the
                   execution of the
                   Trust Deed)

Party A/Party B    Legal Opinions in       At the execution of        No
                   the form reasonably     this Agreement
                   acceptable to the
                   other party

Party B            A duly executed copy    Upon execution of          No
                   of the Trust Deed       this Agreement

4.   MISCELLANEOUS

     (a)  ADDRESSES FOR NOTICES: For the purpose of Section 12(a) of this
          Agreement:

          Addresses for notices or communications to Party A:

          For notices regarding operation, payment and confirmation matters
          only, notices should be sent to the address of the relevant branch set
          out in the relevant Confirmation (as may be amended from time to
          time), with a copy in the case of notices or communications relating
          to Sections 5, 6, 7, 11 or 13 to:

          Address:          [_]
          Attention:        Derivatives Director, Legal Division (marked urgent)
          Fax No.:          +44 20 7[_]
          Telephone:        +44 20 7[_]

          Address for notices or communications to Party B:

          Address:          Gracechurch Card Funding (No. 2) PLC
                            54 Lombard Street
                            London EC3P 3AH
          Attention:        The Directors
          Fax No.:          [_]

     (b)  OFFICES. The Provisions of Section 10(a) will apply to this Agreement.

     (c)  MULTIBRANCH PARTY. For the purpose of Section 10:

          Party A is not a Multibranch Party.

          Party B is not a Multibranch Party.

     (d)  CALCULATION AGENT. The Calculation Agent is Party A.

<PAGE>

     (e)  CREDIT SUPPORT DOCUMENT. Details of any Credit Support Document:

          Party A: None

          Party B: None

     (f)  CREDIT SUPPORT PROVIDER.

          Party A: Not applicable

          Party B: Not applicable

     (g)  GOVERNING LAW. This Agreement and each Confirmation will be governed
          by and construed in accordance with the laws of England.

     (h)  "AFFILIATE" will have the meaning specified in Section 14 of this
          Agreement.

5.   OTHER PROVISIONS

     (a)  Neither Party A nor Party B will in any circumstances be required to
          pay additional amounts in respect of any Indemnifiable Tax or be under
          any obligation to pay to the other any amount in respect of any
          liability of such other party for or on account of any Tax, and,
          accordingly, Section 2(d)(i)(4) and Section 2(d)(ii) of this Agreement
          shall not apply.

     (b)  Section 6(b)(ii) is hereby amended to read as follows:

          TRANSFER OF RIGHTS AND OBLIGATIONS.

          (1)  If an Illegality under Section 5(b)(i)(1) occurs and there is
               only one Affected Party, the Affected Party will, as a condition
               to its right to designate an Early Termination Date under Section
               6(b)(iv), use all reasonable efforts (which will not require such
               party to incur a loss, excluding immaterial, incidental expenses)
               to transfer within 20 days after it gives notice under Section
               6(b)(i) all its rights and obligations under this Agreement in
               respect of the Affected Transactions to (A) in the case of Party
               A, another of its Offices or Affiliates and (B) in the case of
               Party B, another of its Offices or Affiliates, if any, or another
               company so that such Termination Event ceases to exist. If the
               Affected Party is not able to make such a transfer it will give
               notice to the other party to that effect within such 20 day
               period, whereupon the other party may effect such a transfer
               within 30 days after the notice is given under Section 6(b)(i).
               Any such transfer by a party under this Section 6(b)(ii)(1) will
               be subject to and conditional upon the prior written consent of
               the other party, which consent will not be withheld if such other
               party's policies in effect at such time would permit it to enter
               into transactions with the transferee on the terms proposed.

          (2)  If Party A, on the occasion of the next date for payment in
               respect of this Agreement, would be required by any relevant
               taxing authority or court of competent jurisdiction or by
               operation of law to withhold or account for any Tax, Party A
               shall forthwith upon becoming aware of such circumstance so

<PAGE>

               inform Party B and the Note Trustee and shall use its best
               endeavours (which will not require such Party A to incur a loss,
               excluding immaterial, incidental expenses) to arrange the
               substitution of an Affiliate incorporated in another jurisdiction
               in the place of Party A under this Agreement or to change the
               Office through which it acts under this Agreement, but not so as
               in any event to (1) result in the ratings of the Notes by Moody's
               Investors Service, Inc. ("MOODY'S") or Standard & Poor's Ratings
               Services, a division of the McGraw Hill Inc. group of companies
               ("STANDARD & POOR'S") to be reduced or adversely affected by
               reference to the ratings which would otherwise have applied to
               the Notes if such circumstances described in this paragraph had
               not occurred or (2) otherwise prejudice the position of Party B
               under this Agreement. If Party A is unable to arrange such
               substitution or change, Party A shall so inform Party B and the
               Note Trustee and shall use its best endeavours (which will not
               require Party A to incur a loss, excluding immaterial, incidental
               expenses) to arrange the substitution of a company incorporated
               in another jurisdiction in the place of Party A under this
               Agreement, but not so as in any event to (x) result in the
               ratings of the Notes by Moody's or Standard & Poor's to be
               reduced or adversely affected by reference to the ratings which
               would otherwise have applied to the Notes if such circumstance
               described in this paragraph had not occurred or (y) otherwise
               prejudice the position of Party B under this Agreement.

          No transfer or substitution pursuant to this Section 6(b)(ii) shall
          occur unless and until the Note Trustee has received the written
          affirmation of each of Standard & Poor's and Moody's that such
          transfer or substitution shall not adversely affect the then-current
          ratings of the Notes.

     (c)  Section 6(d)(i) is hereby amended to read in its entirety as follows:

          STATEMENT On or as soon as reasonably practicable following the
          occurrence of an Early Termination Date, the Calculation Agent shall
          make computations of the amounts owing pursuant to Section 6(e) and
          will provide to each party a statement (1) showing, in reasonable
          detail, such calculations and specifying the net amount payable by the
          applicable party pursuant to Section 6(e) and (2) giving details of
          the relevant account to which any amount payable is to be paid.

     (d)  Section 7 is hereby amended to read in its entirety as follows:

          Except as stated under Section 6(b)(ii), as provided in the Schedule
          or as provided in this Section 7, and except for the assignment by way
          of security in favour of The Bank of New York, London Branch under the
          trust deed dated [_] October 2002 (including any supplement thereto)
          (collectively, the "TRUST DEED") between Party B and The Bank of New
          York, London Branch, neither Party A nor Party B is permitted to
          assign, novate or transfer as a whole or in party any of its rights,
          obligations or interests under this Agreement. Party A may transfer
          its rights and obligations under this Agreement (but, not its rights
          only) to another of Party A's Offices, branches or Affiliates (the
          "TRANSFEREE") on ten Business Days' prior written notice, PROVIDED
          that (i) Party A delivers an opinion of independent counsel

<PAGE>

          of recognised standing in form and substance satisfactory to Party B
          (or, following the security becoming enforceable as described in the
          Conditions, the Note Trustee on behalf of Party B) and the Note
          Trustee confirming that as at the date of such transfer the Transferee
          will not, as a result of such transfer, be required to withhold or
          deduct on account of tax under this Agreement, (ii) a Termination
          Event or Event of Default does not occur under this Agreement as a
          result of such transfer and (iii) the Note Trustee has received
          written affirmation of Standard & Poor's and Moody's (or their
          successors) that such transfer shall not adversely affect the
          then-current ratings of the Notes. Party B may transfer is rights and
          obligations under this Agreement (but not its rights only) to any
          other body corporate which has been duly substituted as the holder of
          the Series 02-1 MTN.

     (e)  ADDITIONAL REPRESENTATIONS Section 3 is hereby amended by adding at
          the end thereof the following Subparagraph:

          (i)  It is entering into this Agreement, any Credit Support Document
               to which it is a party and any other documentation relating to
               this Agreement as principal (and not as agent or in any other
               capacity, fiduciary or otherwise).

     (f)  RELATIONSHIP BETWEEN PARTIES Each party will be deemed to represent to
          the other party on the date on which it enters into this Agreement
          that (absent a written agreement between the parties duly executed by
          each of them that expressly imposes affirmative obligations to the
          contrary);

          (i)  NON-RELIANCE. It is acting for its own account, and it has made
               its own independent decisions to enter into this Agreement and as
               to whether this Agreement is appropriate or proper for it based
               upon its own judgment and upon advice from such advisers as it
               has deemed necessary. It is not relying on any communication
               (written or oral) of the other party as investment advice or as a
               recommendation to enter into this Agreement; it being understood
               that information and explanations related to the Conditions of
               this Agreement shall not be considered investment advice or a
               recommendation to enter into this Agreement. No communication
               (written or oral) received from the other party shall be deemed
               to be an assurance or guarantee as to the expected results of
               this Agreement.

          (ii) ASSESSMENT AND UNDERSTANDING. It is capable of assessing the
               merits of an understanding (on its own behalf or through
               independent professional advice), and understands and accepts,
               the terms, conditions and risks of this Agreement. It is also
               capable of assuming, and assumes, the risks of this Agreement.

         (iii) STATUS OF PARTIES. The other party is not acting as a fiduciary
               for or as adviser to it in respect of this Agreement.

     (g)  AMENDMENTS. Section 9(b) of this Agreement is hereby amended to read:

          AMENDMENTS. No amendment, modification or waiver in respect of this
          Agreement will be effective unless in writing and executed by each of
          the parties

<PAGE>

          and approved by the Note Trustee; provided, however, that all such
          amendments, modifications or waivers shall require the written
          affirmation of each of Standard & Poor's and Moody's that such
          amendments, modifications or waivers shall not adversely affect the
          then current ratings of the Notes.

     (h)  NON-PETITION.

          (i)  Only The Bank of New York, London Branch may pursue the remedies
               available under the general law or under this Agreement, the
               Trust Deed and the Series 02-1 MTN to enforce the rights of Party
               A, and Party A shall not be entitled to proceed directly against
               Party B unless The Bank of New York, London Branch, having become
               bound to proceed in accordance with the terms of the Trust Deed,
               fails or neglects to do so within a reasonable period and such
               failure or neglect is continuing provided always that, for the
               avoidance of doubt, the foregoing shall not prevent Party A from
               exercising any right to terminate this Agreement pursuant to the
               provisions hereof.

          (ii) Notwithstanding any other provision of this Agreement, Party A
               agrees to be bound by the provisions of the Trust Deed.

         (iii) In particular, Party A shall not be entitled to petition or take
               any other step for the winding-up of Party B or for the purpose
               of commencing or sustaining a case against Party B under any
               bankruptcy, insolvency, conservatorship, receivership or similar
               law or appointing a conservator, receiver, liquidator, assignee,
               trustee, custodian, sequestrator, or other similar official of
               Party B or any substantial part of its property, provided that
               the Note Trustee and/or Party A may prove or lodge a claim in the
               liquidation of Party B initiated by another party and that the
               Note Trustee and Party A may take proceedings to obtain a
               declaration or similar judgment order as to the obligations and
               liabilities of Party B under this Agreement.

     (i)  ADDITIONAL DEFINITIONS. Terms defined or referred to in each of the
          Trust Deed, and the Series 02-1 MTN shall bear the same respective
          meanings herein.

     (j)  INTEREST RATE AND CURRENCY EXCHANGES DEFINITIONS. Reference is hereby
          made to the 2000 ISDA Definitions (as published by the International
          Swaps and Derivatives Association, Inc.) (the "DEFINITIONS"), which
          are incorporated by reference herein.

     (k)  Section 2(b) is hereby amended to read in its entirety as follows:

          CHANGE OF ACCOUNT. Party A may change its account for receiving
          payment or delivery by giving notice to Party B at least ten Local
          Business Days prior to the scheduled date for payment or delivery to
          which such change applies unless Party B gives timely notice of a
          reasonable objection to such change. Party B may change its account
          for receiving payment or delivery by giving notice to Party A at least
          ten Local Business Days prior to the scheduled date for payment or
          delivery to which such change applied unless Party A gives timely
          notice of a reasonable objection to such change.

<PAGE>

     (l)  PAYMENTS FROM PARTY B. Notwithstanding anything contained in this
          Agreement to the contrary, any amount required to be paid by Party B
          pursuant to this Agreement will be paid in accordance with the
          priority of payments provided in the Trust Deed. For the avoidance of
          doubt, Party A shall not bring any claim whatsoever against Capital
          One Bank (Europe) plc or Capital One Bank or its assets or any of its
          directors, officers employees or agents with respect to any amounts
          owing pursuant to this Agreement.

     (m)  OPTIONAL TRANSFER AND MAINTAINING RATING OF THE NOTES. If any rating
          in respect of any of (I) Party A, or (II) any Rating Support (as
          defined below) is:

          (i)  downgraded or withdrawn by Standard & Poor's; or

          (ii) downgraded or withdrawn by Moody's;

               (either of (i) or (ii) a "PARTY A RATING REDUCTION")

          then, immediately upon such Party A Rating Reduction

          (1)  Party A (acting reasonably) shall determine, or either of
               Standard & Poor's or Moody's shall indicate, that as a direct
               consequence of such Party A Rating Reduction, the then current
               rating of the Notes could be adversely affected, then

          (2)  Party A shall immediately consult with the relevant rating agency
               and if such rating agency confirms that as a direct consequence
               of the Party A Rating Reduction the then rating of the Notes is
               or will be adversely affected, then

          (3)  Party A shall thereupon use its best efforts (subject to the
               proviso at the end of the last sentence of this paragraph (n)) to
               assist Party B in ensuring (if necessary) that, within thirty
               days of such Party A Rating Reduction (with the prior written
               confirmation of each rating agency (or agencies, as applicable)
               carrying out the Party A Rating Reduction) all necessary actions
               are taken to maintain the rating of the Notes at the rating that
               would subsist but for the Party A Rating Reduction or, in the
               case of an immediate adverse effect on the rating of the Notes,
               to restore the rating of the Notes to the rating that existed
               immediately prior to such Party A Rating Reduction. These efforts
               shall include (A) obtaining a third party, acceptable to Party B,
               to guarantee the obligations of Party A under this Agreement or
               to whom the obligations under this Agreement may be transferred
               or (B) posting collateral (and, (1) in the event the Party A
               Rating Reduction is carried out by Standard & Poor's, such
               posting of collateral shall be in accordance with the Standard &
               Poor's interest rate and currency swap criteria dated January
               1999 for calculating swap collateral (including all
               mark-to-market and volatility buffer calculations set forth
               therein), as such criteria may be amended, supplemented or
               replaced from time to time and (2) in the event that the Party A
               Rating Reduction is carried out by Moody's, such posting of
               collateral shall be undertaken only in accordance with the
               Moody's Collateral Requirement (as defined below)) or (C) any
               other action as Party A, in its sole discretion, deems to be
               reasonably necessary (and any of (A), (B) or (C) called "RATING
               SUPPORT") to assist Party B and the

<PAGE>

               Issuer in maintaining the rating of the Notes or (in the event
               the Notes have been downgraded) in restoring the rating of the
               Notes to the rating that existed immediately prior to such Party
               A Rating Reduction, provided that if Rating Support cannot be
               completed despite the exercise of Party A's best efforts as
               outlined above, Party A shall nonetheless post collateral as
               specified in (B) above. Any Rating Support collateral posted
               pursuant to (B) or (C) above shall be deposited in an account at
               an eligible institution (other than Party A) in the name of the
               Issuer or the Note Trustee and invested in eligible investments
               at the direction of Party A (such eligible investments to be as
               specified pursuant to the Standard & Poor's interest rate and
               currency swap criteria dated January 1999).

               "MOODY'S COLLATERAL REQUIREMENT" means: (i) in the event that the
               Party A Rating Reduction is in relation to a downgrade below Aa3,
               102% of the weekly mark-to-market in relation to the Agreement
               plus 25 basis points to be calculated as follows: A + (B x C x D)
               where A=102% of the weekly mark-to-market in relation to this
               Agreement; B=0.25%; C = the notional amount of the Transactions
               represented by this Agreement and D = the remaining years to the
               Termination Date; (ii) in the event that the Party A Rating
               Reduction is in relation to a downgrade below A2, the formula set
               forth in (i) shall continue to apply except that A shall be
               amended as follows: A=110% of the weekly mark-to-market in
               relation to this Agreement.

     (n)  Pari Passu The following Section 3(a)(vi) shall be inserted after
          Section 3(a)(v):

          (iv) Pari Passu. Party A represents and warrants to Party B that its
               payment obligations hereunder rank and will rank at all times at
               least pari passu in all respects with all of its unsecured
               obligations (except for those which are preferred by operation of
               law).

     (o)  SEPARATE AGREEMENTS Section 1(c) (Single Agreement) will be deleted
          and replaced with the following:

          "Each Transaction is entered into on the basis that this Master
          Agreement (including the Schedule) is incorporated by reference into
          the Confirmation relating to that Transaction so that this Master
          Agreement and the relevant Confirmation shall form a single agreement
          with respect to that Transaction. This Master Agreement shall not be
          construed to form a single agreement with two or more Confirmations
          together unless specific provision to that effect is made in the
          relevant Confirmation. Accordingly, all references to this "AGREEMENT"
          mean, with respect to any Transaction, this Master Agreement together
          with the Confirmation relating to that Transaction. It is understood
          that the parties would not enter into any Transaction except on the
          foregoing terms."

     (p)  INCONSISTENCY In the event of an inconsistency among or between any of
          the following documents, the relevant document first listed below
          shall govern.

          (i)  Confirmation;

          (ii) Schedule;

<PAGE>

          (iii) Definitions.

     (q)  RECORDING OF TELEPHONE CONVERSATIONS. Each party consents to the
          recording of the telephone conversations of trading and marketing
          personnel of the parties. Party A agrees to obtain any necessary
          consent of, and give notice of such recording to, such personnel of
          it.

     (r)  SEVERABILITY. Any provision of this Agreement which is prohibited (for
          reasons other than those constituting an illegality) or unenforceable
          in any jurisdiction shall, as to such jurisdiction, be ineffective to
          the extent of such prohibition or unenforceability without
          invalidating the remaining provisions of the Agreement or affecting
          the validity or enforceability of such provision in any other
          jurisdiction unless the severance shall substantially impair the
          benefits of the remaining portions of this Agreement or change the
          reciprocal obligations of the parties.

     (s)  CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999. A person who is not a
          party to this Agreement shall have no right under the Contracts
          (Rights of Third Party) Act 1999 to enforce any of its terms but this
          shall not affect any right or remedy of a third party which exists or
          is available apart from that Act.

     IN WITNESS WHEREOF, the parties have executed this Schedule by their duly
     authorised officers as of [_] October 2002 effective as of [_] October
     2002.

                                           BARCLAYS BANK PLC

                                           By:
                                               ---------------------------------

                                           GRACECHURCH CARD FUNDING (NO. 2) PLC

                                           By:
                                                --------------------------------

Party C is a party to this Agreement to take the benefit of the provisions
herein and Party C will not be assuming any obligations under this Agreement
other than pursuant to Part 5(n) of this Schedule in the event that any Rating
Support collateral is posted to an account in the name of Party C or to an
account in the name of the Issuer where such account is charged in favour of
Party C:

THE BANK OF NEW YORK, LONDON BRANCH

By:
    ------------------------------
    Name:
    Title:EX-10.1 MASTER TERM. & RELEASE OF CERTAIN OP. DOCS

 

Exhibit 10.1

MASTER TERMINATION AND RELEASE

OF CERTAIN OPERATIVE DOCUMENTS

         Dated: August 19, 2002

         In consideration of the repayment in full, as of the date hereof, of (i)
the outstanding principal amount of the B Notes (as defined in the
Participation Agreement referred to below) plus accrued and unpaid interest
thereon, (ii) the total outstanding Investor Amounts (as defined in the
Participation Agreement) plus accrued and unpaid Yield thereon, and (iii) other
good and valuable consideration, the receipt and sufficiency of each of which
is hereby confessed and acknowledged:

         (1)  the undersigned, each of which is a party to one or more of the
agreements identified as the Operative Documents hereby agree that each of the
Operative Documents listed on Schedule I hereto (collectively,
the “Terminated
Operative Documents”) is hereby terminated as of the date hereof,

         (2)  the parties signatory thereto or otherwise beneficiaries thereof do
hereby release, discharge and forever acquit each of the other signatories to,
and beneficiaries of, the Terminated Operative Documents to which they are
party from any and all matters, liabilities, claims and demands arising out of
or in connection with such Terminated Operative Documents, and

         (3)  although the Lease is not among the Terminated Operative Documents,
Lessee hereby releases, discharges and forever acquits the Lessor from any and
all matters, liabilities, claims and demands arising out of or in connection
with the Lease (provided the foregoing shall not affect the rights of Lessee
under that certain Amended and Restated Lease Agreement, dated as of the date
hereof, by and between Ground Lessor and Lessee).

         It is agreed that the terminations and releases set forth in paragraphs
(1), (2) and (3) above shall be subject in all respects to (i) the
indemnification obligations set forth in Section 9 of the Participation
Agreement which shall survive the execution hereof (and shall not be merged
into any transfer or conveyance document being executed in connection herewith)
and shall be and continue in effect notwithstanding any investigation made by
any party hereto or any of the Terminated Operative Documents and the fact that
any such party may waive compliance with the other terms, provisions or
conditions of the Terminated Operative Documents, (ii) the provisions of
Section 6.2.1(b), Section 6.2.2(b), Section 6.8 and Section 12.15(d) of the
Participation Agreement and (iii) the agreements set forth in the other
documents and instruments being executed and delivered by certain of the
Participants concurrently herewith. In furtherance of the foregoing clause
(i), it is agreed that, from and after the execution and delivery hereof, (y)
Section 9.1.3 of the of the Participation Agreement shall be void ab initio and
the limitation contained therein shall be of no further force and effect and
(z) that Section 9.1.1 (General Indemnification) is hereby amended to expressly
include any Claims in any way arising out of or relating to the execution and
delivery of the Ground Lease Surrender and Acceptance Agreement between Ground
Lessor and Ground Lessee or the Ground Sublease Surrender and Acceptance
Agreement between Ground Lessor and Lessor (each being executed and delivered

 

 

 concurrently herewith and,
collectively, the “Lease Surrender Documents”)
and the dissolution of the entities comprising Lessor and Ground Lessee;
provided, that such indemnification is expressly subject to each of the
exceptions to, and limitations on, indemnification set forth in Article 9
(other than the limitation set forth in Section 9.1.3) of the Participation
Agreement, including, without limitation, any exceptions to, and limitations
on, indemnification set forth in Section 9.2 of the Participation Agreement.

         The parties hereto agree to execute and deliver any and all documents
necessary to further the intent of this Master Termination and Release of
Certain Operative Documents (this “Master Termination”) and GS agrees to pay
all reasonable expenses, costs and fees (including the reasonable fees of
counsel) associated therewith. In furtherance of the foregoing, (i) each
Participant that is identified as a “Secured Party” under any one or more of
the Financing Statements hereby authorizes the Participant identified thereon
as the “Debtor” to take any and all action necessary to cause such Financing
Statement to be terminated (it being agreed that GS, on behalf of each of the
Participants so identified as “Debtors”, is hereby authorized to so terminate
(or cause to be terminated) each of the Financing Statements) and (ii) each of
the Investors and the Liquidity Purchases hereby authorizes the Collateral
Agent to execute and deliver any and all documents (including, without
limitation, separate releases and/or discharges (in recordable form, if
necessary) of the Mortgage, the Assignment of Leases and any of the other
Security Documents) reasonably necessary to further the intent of this Master
Termination.

         Each of the Participants (other than Lessee, Ground Lessor, GS and GS &
Co.) hereby represents and warrants (as to itself) to Lessee that the interests
being conveyed to Ground Lessor as a result of the Lease Surrender Documents
are being conveyed free and clear of any Lessor Liens attributable to such
Participant.

         All capitalized terms used in this Master Termination (including, without
limitation, Schedule I hereto) and not otherwise defined herein shall have the
meanings set forth in Appendix A to that certain Participation Agreement (the
“Participation Agreement”), dated as of June 21, 2000, by and among GSJC 30
Hudson Urban Renewal L.L.C., GSJC 50 Hudson Urban Renewal L.L.C., The Goldman
Sachs Group, Inc., as Guarantor, GSJC Land L.L.C., Hudson Street Lessor L.L.C.,
30 Hudson Street Lessor Urban Renewal L.L.C., 50 Hudson Street Lessor Urban
Renewal L.L.C., the financial institutions identified therein as Investors,
Hudson Street Funding Corporation, Goldman, Sachs & Co., as Administrative
Agent to HSFC, Hatteras Funding Corporation, Bank of America, National
Association, as Administrator, the financial institutions identified therein as
Liquidity Purchasers, Hudson Street Lessor Investment Trust 2000-1, Wilmington
Trust Company, as Trustee, Bank of America, National Association, as Liquidity
Agent, and The Chase Manhattan Bank, as Collateral Agent.

         This Master Termination may be executed in counterparts, each of which
shall be deemed to be an original, and all of which, when taken together, shall
be deemed to be a single document and delivery of this Master Termination may
be effected via facsimile transmission.

         Except insofar as it relates to the termination of the Trust Company Fee
Letter (the termination of which is being acknowledged by Wilmington Trust
Company in its individual capacity), it is expressly understood and agreed that
this Master Termination is being executed and delivered by Wilmington Trust
Company, not individually or personally, but solely in its

 

 

capacity as trustee of Hudson Street Lessor Investment Trust 2000-1 and,
as such, Wilmington Trust Company shall not be personally liable for any breach
or failure of any obligation, representation or warranty undertaken by it in
such capacity.

[signature pages to follow]

 

 

         IN WITNESS WHEREOF, the parties hereto have caused this Master Termination
and Release of Certain Operative Documents to be duly executed by their
respective officers thereto duly authorized as of the day and year first above
written.

	 	 	 	 	 
	 	 	GSJC 30 HUDSON URBAN RENEWAL
L.L.C., jointly and severally as Lessee and
Construction Agent
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	The Goldman Sachs Group, Inc., its sole member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ Dan H. Jester

Name: Dan H. Jester

Title: Deputy Chief Financial Officer
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	GSJC 50 HUDSON URBAN RENEWAL
L.L.C., jointly and severally as Lessee and
Construction Agent
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	The Goldman Sachs Group, Inc., its sole member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ Dan H. Jester

Name: Dan H. Jester

Title: Deputy Chief Financial Officer
	
	
	
	

	 	 	 	 	 

 

 

	 	 	 	 	 
	 	 	THE GOLDMAN SACHS GROUP, INC., as Guarantor
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ Dan H. Jester

Name: Dan H. Jester

Title: Deputy Chief Financial Officer

 

 

	 	 	 	 	 
	
	
	
	

	 	 	GSJC LAND L.L.C., as Ground Lessor
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	By: The Goldman Sachs Group, Inc., its sole
member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ Dan H. Jester

Name: Dan H. Jester

Title: Deputy Chief Financial Officer

 

 

	 	 	 	 	 
	 	 	HUDSON STREET LESSOR L.L.C., as Ground
Lessee
	
	
	
	

	 	 	
By:
	 	Hudson Street Lessor Investment

Trust 2000-1, its sole member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Wilmington Trust Company, not in its

individual capacity but solely as its

Trustee
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ James A. Hanley

Name: James A. Hanley

Title: Financial Services Officer

 

 

	 	 	 	 	 
	 	 	30 HUDSON STREET LESSOR URBAN RENEWAL
L.L.C., as Lessor
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Hudson Street Lessor L.L.C., its sole member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Hudson Street Lessor Investment Trust

2000-1, its sole member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Wilmington Trust Company, not in its

individual capacity but solely as its

Trustee
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ James A. Hanley

Name: James A. Hanley

Title: Financial Services Officer
	
	
	
	

	 	 	 	 	 

	 	 	 	 	 
	 	 	50 HUDSON STREET LESSOR URBAN RENEWAL
L.L.C., as Lessor
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Hudson Street Lessor L.L.C., its sole
member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Hudson Street Lessor Investment Trust

2000-1, its sole member
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Wilmington Trust Company, not in its

individual capacity but solely as its

Trustee
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ James A. Hanley

Name: James A. Hanley

Title: Financial Services Officer

 

 

	 	 	 	 	 
	 	 	CREDIT LYONNAIS LEASING CORP., as an
Investor
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ L.M. Wertheim

Name: L.M. Wertheim

Title: President
	
	
	
	

	 	 	 	 	 

 

 

	 	 	 	 	 
	 	 	WESTDEUTSCHE
LANDESBANK GIROZENTRALE,

NEW YORK BRANCH, as an Investor
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	/s/ Terence R. Law

Name: Terence R. Law

Title: Executive Director
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	/s/ Robert D. Weiser

Name: Robert D. Weiser

Title: Director

	 	 	 	 	 
	 	 	WESTDEUTSCHE
LANDESBANK GIROZENTRALE,

NEW YORK BRANCH, as a Liquidity Purchaser
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	/s/ Robert D. Weiser

Name: Robert D. Weiser

Title: Director
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	/s/ Terence R. Law

Name: Terence R. Law

Title: Executive Director

 

 

	 	 	 	 	 
	 	 	 	 	 
	
	
	
	

	 	 	BANC
OF AMERICA FACILITIES LEASING, LLC,

as an Investor
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ Albert Z. Norona

Name: Albert Z. Norona

Title: Principal

 

 

	 	 	 	 	 
	 	 	 	 	 
	
	
	
	

	 	 	HUDSON STREET LESSOR INVESTMENT TRUST

2000-1, as Beneficial Owner
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:
	 	Wilmington Trust Company, not in its

individual capacity but solely as Trustee
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ James A. Hanley

Name: James A. Hanley

Title: Financial Services Officer

 

 

	 	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY, not in its

individual capacity except as expressly

stated herein, but solely as Trustee
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	/s/ James A. Hanley

Name: James A. Hanley

Title: Financial Services Officer

 

 

	 	 	 	 	 
	 	 	HUDSON STREET FUNDING CORPORATION, 
as a Lender
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Andrew L. Stidd
	 	 	 	 	

	 	 	 	 	Name: Andrew L. Stidd

Title: President

 

 

	 	 	 	 	 
	
	
	
	

	 	 	GOLDMAN, SACHS & CO., 
as Administrative Agent
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Dan H. Jester
	 	 	 	 	

	 	 	 	 	Authorized Signatory

 

 

	 	 	 	 	 
	
	
	
	

	 	 	HATTERAS FUNDING CORPORATION, 
as a Lender
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Michael A. Chalker
	 	 	 	 	

	 	 	 	 	Name: Michael A. Chalker

Title: Vice President

 

 

	 	 	 	 	 
	
	
	
	

	 	 	BANK OF AMERICA, NATIONAL ASSOCIATION, 
as Administrator
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Brad Lustig
	 	 	 	 	

	 	 	 	 	Name: Brad Lustig

Title: Managing Director

	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	BANK OF AMERICA, NATIONAL ASSOCIATION, 
as Liquidity Agent
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Brad Lustig
	 	 	 	 	

	 	 	 	 	Name: Brad Lustig

Title: Managing Director

 

 

	 	 	 	 	 
	
	
	
	

	 	 	BANK OF AMERICA, NATIONAL ASSOCIATION, 
as Administrator
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ M. Randall Ross
	 	 	 	 	

	 	 	 	 	Name: M. Randall Ross

Title: Principal

	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	BANK OF AMERICA, NATIONAL ASSOCIATION, 
as Liquidity Agent
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ M. Randall Ross
	 	 	 	 	

	 	 	 	 	Name: M. Randall Ross

Title: Principal

 

 

	 	 	 	 	 
	
	
	
	

	 	 	THE CHASE MANHATTAN BANK, 
as Collateral Agent
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Aranka R. Paul
	 	 	 	 	

	 	 	 	 	Name: Aranka R. Paul

Title: Assistant Vice President

 

 

	 	 	 	 	 
	
	
	
	

	 	 	THE BANK OF NEW YORK, 
as a Liquidity Purchaser
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/
Chris Bullaro
	 	 	 	 	

	 	 	 	 	Name: Chris
Bullaro

Title: Assistant Treasurer

 

 

	 	 	 	 	 
	
	
	
	

	 	 	COMMERZBANK
AKTIENGESELLSCHAFT NEW YORK AND

GRAND CAYMAN BRANCHES, as a Liquidity Purchaser
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Arndt E. Burns
	 	 	 	 	

	 	 	 	 	Name: Arndt E. Burns

Title: Assistant Vice President

	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Joseph J. Hayes
	 	 	 	 	

	 	 	 	 	Name: Joseph J. Hayes

Title: Vice President

 

 

	 	 	 	 	 
	
	
	
	

	 	 	DEN
DANSKE BANK AKTIESELSKAB, CAYMAN ISLANDS

BRANCH, as a Liquidity Purchaser
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Anders Iversen
	 	 	 	 	

	 	 	 	 	Name: Anders Iversen

Title: Vice President

	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ John A. O’Neill
	 	 	 	 	

	 	 	 	 	Name: John A.
O’Neill

Title: Assistant General Manager

 

 

	 	 	 	 	 
	
	
	
	

	 	 	MELLON BANK, N.A., as a Liquidity Purchaser
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Thomas Caruso
	 	 	 	 	

	 	 	 	 	Name: Thomas Caruso

Title: Vice President

 

 

	 	 	 	 	 
	
	
	
	

	 	 	BANK OF AMERICA, N.A., as a Liquidity Purchaser
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By
	 	      /s/ Brad Lustig
	 	 	 	 	

	 	 	 	 	Name: Brad Lustig

Title: Managing Director

 

 

SCHEDULE I

Operative Documents

	 	1.	 	Participation Agreement
	 
	 	2.	 	Construction Agency Agreement
	 
	 	3.	 	Ground Lease
	 
	 	4.	 	Ground Sublease
	 
	 	5.	 	Memorandum of Ground Lease
	 
	 	6.	 	Memorandum of Ground Sublease
	 
	 	7.	 	Conduit Loan Agreement
	 
	 	8.	 	B Notes
	 
	 	9.	 	HSFC Loan Agreement
	 
	 	10.	 	HSFC Note
	 
	 	11.	 	Security Agreement
	 
	 	12.	 	Security Agreement (Conduit)
	 
	 	13.	 	each of the other Security Documents other than the
Lease and the LAPA
	 
	 	14.	 	Guaranty
	 
	 	15.	 	Lessor Guaranty
	 
	 	16.	 	any Investor Guaranty
	 
	 	17.	 	Arranger Fee Letter
	 
	 	18.	 	Chase Fee Letter
	 
	 	19.	 	Conduit Fee Letter
	 
	 	20.	 	Liquidity Agent Fee Letter
	 
	 	21.	 	Trust Company Fee Letter

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]