Document:

Amendment No. 1, dated as of December 15, 2006

 Exhibit 10.1 
 AMENDMENT NO. 1 dated as of December 15, 2006 (this “Amendment”) to the RESTRICTED UNIT PURCHASE
AGREEMENT dated as of June 20, 2005 (the “Original Agreement”), among HUGHES NETWORK SYSTEMS, LLC, a Delaware limited liability company (the “Company”), and JEFFREY A. LEDDY (the
“Purchaser”). 
 By executing and delivering this Amendment, the undersigned hereby agree as set forth below. 
 1.1 Defined Terms. 
 Capitalized terms used but not
defined herein shall have the respective meanings ascribed to them in the Original Agreement. 
 1.2 Amendments. 
 (a) Section 1 of the Original Agreement is hereby amended by deleting the existing definition of “Cause” and replacing it with the
following: 
 “Cause” means the gross neglect by the Purchaser of the Purchaser’s responsibilities as a
director of HCI (as defined in Exhibit B); malfeasance by Purchaser in office; material breach of Purchaser’s obligation to make full disclosure; conviction of the Purchaser of any felony; conviction of the Purchaser of any lesser crime or
offense involving the property of the Company or any of its subsidiaries or affiliates; or any other conduct on the part of the Purchaser which would make the Purchaser’s continued relationship with the Company or any of its subsidiaries or
affiliates materially prejudicial to the best interests of the Company. 
 (b) Exhibit B to the Original Agreement is hereby amended by
deleting the existing Exhibit B and replacing it with Schedule A attached hereto. 
 1.3 No other Amendments or Waivers. 
 Except as modified by this Amendment, the Original Agreement shall remain in full force and effect, enforceable in accordance with its terms. This
Amendment is not a consent to any waiver or modification of any other terms or conditions of the Agreement or any of the instruments or documents referred to in the Agreement and shall not prejudice any right or rights which the parties thereto may
now or hereafter have under or in connection with the Agreement or any of the instruments or documents referred to therein. 
 1.4 Counterparts and
Facsimile Execution. 
 This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same
agreement and shall become effective when one or more 

  

 1 

 
counterparts have been signed by each of the parties and delivered (by facsimile or otherwise) to the other party, it being understood that all parties need
not sign the same counterpart. Any counterpart or other signature hereupon delivered by facsimile shall be deemed for all purposes as constituting good and valid execution and delivery of this Agreement by such party. 
 ******* 
  

 2 

 IN WITNESS WHEREOF, the parties have duly executed this Amendment No.1 to the Restricted Unit
Purchase Agreement as of the date first above written. 
  

			
	HUGHES NETWORK SYSTEMS, LLC
		
	 By:
	 	 /s/ Pradman P. Kaul

	 Name:
	 	 Pradman P. Kaul

	 Title:
	 	 Chief Executive Officer

  

	
	 /s/ Jeffrey A. Leddy

	Jeffrey A. Leddy

  

 1 

 Schedule A 
 Amended and Restated Exhibit B 
 to Restricted Unit Purchase Agreement 
 See attached. 
  

 2 

 EXHIBIT B 
 VESTING OF RESTRICTED UNITS; 
 REPURCHASE OF RESTRICTED UNITS 
 Section 1. Time-Vesting Units Generally. 
 The
Time-Vesting Units shall vest over sixty months with 10 percent of the Time-Vesting Units vesting on the first day of the 7th month following the Closing and the remainder of the Time-Vesting Units vesting in fifty-four equal months installments of
1.6667 percent commencing on the first day of the 8th month following the Closing, subject to the Purchaser’s continued service as a member of the board of directors of Hughes Communications, Inc., a Delaware corporation
(“HCI”), on the date of vesting and to the other provisions set forth in this Exhibit B. Notwithstanding anything to the contrary contained herein, if the Purchaser is a member of the board of directors of HCI (the
“HCI Board”), on the date that the Investors (together with their Affiliates) hold less than 20% of the aggregate equity interests, measured by vote and value, of the Company (an “Investor-Dilution Transaction”),
then all of the Time-Vesting Units shall vest on the later to occur of (i) the third anniversary of the Closing or (ii) the first anniversary of the date on which the Investor Dilution Transaction occurs. For the avoidance of doubt,
following the occurrence of an Excluded Event, but subject to the other provisions herein, the Time-Vesting Units shall continue to vest in accordance with and subject to the terms and conditions set forth herein. 
 Section 2. Performance Vesting Units Generally. 
 The Performance Vesting Units shall vest as follows: (X) 50.0 percent of the Performance Vesting Units shall vest on the Test Date if and when the Investors have received a Cumulative Total Return as set forth below of at least 3.0
times the amount of their aggregate Capital Contributions (as defined in the LLC Agreement) as of the Test Date and (Y) the remaining 50.0 percent of the Performance Vesting Units shall vest on the Test Date if and when the Investors have
received a Cumulative Total Return of at least 5.0 times the amount of their aggregate Capital Contributions as of the Test Date, in each case, subject to the Purchaser’s continued service as a member of the HCI Board as of the Test Date and
subject to the other provisions set forth in this Exhibit B. If the Performance Vesting Units remain outstanding but not yet vested as of the fifth anniversary of the Closing, they shall be forfeited upon such anniversary; provided, however,
that in the event that any Performance Vesting Units remain outstanding upon such anniversary and the valuation process referred to in the definition of “Cumulative Total Return” has not yet been completed in accordance with the terms
hereof, the forfeiture of such Performance Vesting Units shall be tolled until the completion of such valuation process. For the avoidance of doubt, following the occurrence of an Excluded Event, but subject to the other provisions herein, the
Performance Vesting Units shall continue to vest in accordance with and subject to the terms and conditions set forth herein. 
  

 3 

 Section 3. Vesting and Repurchase Following Termination of Employment. 
 (a) Termination for Cause. Upon termination of the Purchaser’s service as a member of the HCI Board for Cause, all Restricted Units that have
not yet been vested as of the date of termination, shall be forfeited as of the date of termination. Any Restricted Units that have vested may be repurchased by the Company at any time following such termination of employment at a price per
Restricted Unit equal to the lesser of (i) the greater of (1) (x) fair market value thereof as determined by the Board in its reasonable and good faith discretion (the “Fair Market Value”) of such Restricted Unit on
the date of the termination minus (y) the value of any dividends or other distributions previously paid to the Purchaser in respect of such Restricted Unit (subject to equitable adjustment in the Company’s discretion to reflect equity
distributions, corporate transactions, or similar events, to the extent not reflected in (y)) and (2) $0, and (ii) (x) the original purchase price paid for such Restricted Unit by the Purchaser minus (y) the value of any
dividends or other distributions previously paid to the Purchaser in respect of such Restricted Unit, but in no event less than $0. 
 (b)
Permanent Disability. Upon termination of the Purchaser’s service as a member of the HCI Board due to a permanent disability, any Time-Vesting Units that are not vested as of the date of termination shall vest as of the date of
termination. If the Performance Vesting Units are not vested as of the date of termination, the Performance Vesting Units will remain outstanding until the 180th day following the date of termination (not to exceed the fifth anniversary of the Closing), and if the Test Date occurs prior to the last day of such 180-day period and the Investors meet the
applicable Cumulative Total Return goal as of the Test Date, the Purchaser will vest in a number of Performance Vesting Units at such time as each applicable Cumulative Total Return goal is met. All other Performance Vesting Units will be forfeited.
If any Performance Vesting Units remain outstanding but have not yet vested as of the expiration of the foregoing 180-day period, they shall be forfeited. Section 4 of this Exhibit B shall apply to Company repurchases of vested
Restricted Units. Notwithstanding the foregoing, the Board, in its sole discretion, may permit the vesting of any Performance Vesting Units that are not vested as of the date of termination. 
 (c) Death. Upon termination of the Purchaser’s service as a member of the HCI Board due the death of the Purchaser, any Time-Vesting Units
that are not vested as of the date of termination shall vest as of the date of termination. If the Performance Vesting Units are not vested as of the date of termination, the Performance Vesting Units will remain outstanding until the
180th day following the date of termination (not to exceed the fifth anniversary of the Closing), and if the Test
Date occurs prior to the last day of such 180-day period and the Investors meet the applicable Cumulative Total Return goal as of the Test Date, the Purchaser will vest in a number of Performance Vesting Units at such time as each applicable
Cumulative Total Return goal is met. All other Performance Vesting Units will be forfeited. If any Performance Vesting Units remain outstanding but have not yet vested as of the expiration of the foregoing 180-day period, they shall be forfeited.
Section 4 of this Exhibit B shall apply to Company repurchases of vested Restricted Units. Notwithstanding the foregoing, the Board, in its sole discretion, may permit the vesting of any Performance Vesting Units that are not vested as
of the date of termination. 
  

 4 

 (d) Termination Without Cause. Upon termination of the Purchaser’s service as a member of the
HCI Board without Cause, in addition to the other provisions set forth herein, the rights and obligations below shall apply. 
 (i) TIME-VESTING UNITS. To the extent that any Time-Vesting Units remain unvested as of the date that is six (6) months following such termination, such unvested Time-Vesting Units shall be forfeited as of such date; provided, that if
the termination without Cause occurs within the one-year period after a Change of Control, all unvested Time-Vesting Units shall vest as of the date of termination. 
 (ii) PERFORMANCE VESTING UNITS. If the Performance Vesting Units are not vested as of the date of termination, the Performance Vesting
Units will remain outstanding until the 180th day following the date of termination (not to exceed the fifth anniversary of the Closing), and if the Test Date occurs prior to the last day of such 180-day period and the Investors meet the applicable
Cumulative Total Return goal as of the Test Date, the Purchaser will vest in a number of Performance Vesting Units at such time as each applicable Cumulative Total Return goal is met. All other Performance Vesting Units will be forfeited. In the
event that (i) the Company consummates an initial public offering of its equity interests prior to the third anniversary of the Closing and (ii) the Purchaser’s service as a member of the HCI Board is terminated without Cause after
the third anniversary of the Closing, then the unvested Performance Vesting Units shall remain outstanding until the Test Date. If the Performance Vesting Units remain outstanding but not yet vested as of the fifth anniversary of the Closing, they
shall be forfeited. 
 (e) Resignation from HCI Board. Upon resignation by the Purchaser as a member of the HCI Board for any reason,
in addition to the other provisions set forth herein, the following rights and obligations shall apply. Any Restricted Units that have vested may be repurchased by the Company at any time following such termination of employment at a price per
Restricted Unit equal to the lesser of (i) the (x) Fair Market Value of such Restricted Unit on the date of the termination minus (y) the value of any distributions previously paid to the Purchaser in respect of such Restricted Unit
(subject to equitable adjustment in the Company’s discretion to reflect equity distributions, corporate transactions, or similar events, to the extent not reflected in (y)) and (ii) the original purchase price paid for such Restricted Unit
by the Purchaser. 
 Section 4. Repurchase Right for Vested Units. 
 Any Restricted Units held by the Purchaser as a result of vesting may be repurchased (the “Repurchase Right”) by the Company at any time during the two-year period following (x) the date the
Purchaser ceases to be a member of the HCI Board in the event that such Restricted Units were vested as of such termination and (y) the vesting of such Restricted Units in the event that such vesting occurred after the date of termination of
employment, each (other than Repurchase Rights exercised following a termination pursuant to Section 3(a) and 3(e)) at a price per Restricted Unit equal to the Fair Market Value thereof determined as of the date of repurchase. If the
Company’s or any of its subsidiaries’ debt agreements restrict, limit or prohibit it from exercising the Repurchase Right, the foregoing two-year period shall be tolled 

  

 5 

 
until such time as the Company is permitted to exercise the Repurchase Right pursuant to the terms of such debt agreements. At no time shall the Company be
obligated to exercise the Repurchase Right. The Repurchase Right shall be exercised by the Company, or its designee, by delivering to the Purchaser a written notice of exercise and a check in the amount of the applicable purchase price. Upon
delivery of such notice and payment of the applicable purchase price, the Company, or its designee, shall become the legal and beneficial owner of the Restricted Units being repurchased and all rights and interest therein or related thereto, and the
Company, or its designee, shall have the right to transfer to its own name the number of Restricted Units being repurchased without further action by the Purchaser or any of his transferees. If the Company or its designee elect to exercise the
Repurchase Right pursuant to this Section 4 and the Purchaser or his transferee fails to deliver the Restricted Units in accordance with the terms hereof, the Company, or its designee, may, at its option, in addition to all other remedies it
may have, deposit the applicable purchase price in an escrow account administered by an independent third party (to be held for the benefit of, and payment over to, the Purchaser or his transferee in accordance herewith) or set-off the applicable
purchase price against any amount the Company or its affiliates may owe the Purchaser at such time, whereupon the Company shall by written notice to the Purchaser cancel on its books all of the Purchaser’s or his transferee’s right, title
and interest in and to such Restricted Units. Anything herein to the contrary notwithstanding, in lieu of “forfeiting” any unvested Restricted Units hereunder, the Company may, but shall not be obligated to, repurchase such Restricted
Units at a purchase price equal to the original purchase price paid for such Restricted Units held by the Purchaser. For purposes of this Section 4, in the event that the Purchaser in good faith disputes the determination of Fair Market Value
hereunder, the Board shall select a regionally or nationally recognized investment banking or valuation firm (the “Valuer”) to determine the fair market value of such Restricted Units and the Valuer’s determination shall be
final and binding on all the parties. The fees and expenses of the Valuer shall be paid one-half by the Purchaser and one-half by the Company. 
  

 6Class A(2006-8) Terms Document

 Exhibit 4.1 
 CHASE ISSUANCE TRUST 
 as Issuing Entity 
 CLASS A(2006-8) TERMS DOCUMENT 
 dated as of December 18, 2006 
 to 
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
 to

 SECOND AMENDED AND RESTATED 
 INDENTURE 
 dated as of March 14, 2006 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral
Agent 

 TABLE OF CONTENTS 
  

					
	 	 	 	 	PAGE
	ARTICLE I Definitions and Other Provisions of General Application
			
	 Section 1.01
	 	 Definitions
	 	1
	 Section 1.02
	 	 Governing Law
	 	4
	 Section 1.03
	 	 Counterparts
	 	4
	 Section 1.04
	 	 Ratification of Indenture and Indenture Supplement
	 	4
	
	ARTICLE II The Class A(2006-8) Notes
			
	 Section 2.01
	 	 Creation and Designation
	 	5
	 Section 2.02
	 	 Specification of Required Subordinated Amount and Other Terms
	 	5
	 Section 2.03
	 	 Interest Payment
	 	6
	 Section 2.04
	 	 Calculation Agent; Determination of LIBOR
	 	6
	 Section 2.05
	 	 Payments of Interest and Principal
	 	7
	 Section 2.06
	 	 Form of Delivery of Class A(2006-8) Notes; Depository; Denominations.
	 	7
	 Section 2.07
	 	 Delivery and Payment for the Class A(2006-8) Notes
	 	8
	 Section 2.08
	 	 Supplemental Indenture
	 	8
	 Section 2.09
	 	 Appointment of co-Paying Agent and co-Transfer Agent
	 	8

 THIS CLASS A(2006-8) TERMS DOCUMENT (this “Terms Document”), by and between the CHASE ISSUANCE
TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), having its principal office at c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK,
NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and collateral agent (the “Collateral Agent”), is made and entered into as of December 18, 2006. 
 Pursuant to this Terms Document, the Issuing Entity and the Indenture Trustee shall create a new Tranche of CHASEseries Class A Notes and shall
specify the principal terms thereof. 
 ARTICLE I 
 Definitions and Other Provisions of General Application 
 Section 1.01 Definitions For all
purposes of this Terms Document, except as otherwise expressly provided or unless the context otherwise requires: 
 (1) the terms defined in
this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 
 (2) all other terms used
herein which are defined in the Indenture Supplement, the Indenture or the Asset Pool Supplement, either directly or by reference therein, have the meanings assigned to them therein; 
 (3) as used in this Terms Document and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in
this Terms Document or in any such certificate or other document, and accounting terms partly defined in this Terms Document or in any such certificate or other document to the extent not defined, shall have the respective meanings given to them
under GAAP. To the extent that the definitions of accounting terms in this Terms Document or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions contained in this Terms Document or
in any such certificate or other document shall control; 
 (4) the words “hereof,” “herein,” “hereunder” and
words of similar import when used in this Terms Document shall refer to this Terms Document as a whole and not to any particular provision of this Terms Document; references to any subsection, Section, clause, Schedule or Exhibit are references to
subsections, Sections, clauses, Schedules and Exhibits in or to this Terms Document unless otherwise specified; the term “including” means “including without limitation”; references to any law or regulation refer to that law or
regulation as amended from time to time and include any successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such agreement, as amended, supplemented or
otherwise modified from time to time; 

 (5) in the event that any term or provision contained herein shall conflict with or be inconsistent with
any term or provision contained in the Indenture Supplement, the Indenture or the Asset Pool Supplement, the terms and provisions of this Terms Document shall be controlling; and 
 (6) each capitalized term defined herein shall relate only to the Class A(2006-8) Notes and no other Tranche of CHASEseries Notes issued by the Issuing
Entity. 
 “Asset Pool Supplement” means the Amended and Restated Asset Pool One Supplement to the Indenture, dated as of
October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005, and the Second Amendment thereto, dated as of February 1, 2006, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent.

 “BDL” means Banque de Luxembourg. 
 “Beneficiary” means Chase Bank USA, National Association, in its capacity as beneficial owner of the Issuing Entity. 
 “Calculation Agent” is defined in Section 2.04(a). 
 “Class A(2006-8) Adverse
Event” means the occurrence of any of the following: (a) an Early Amortization Event with respect to the Class A(2006-8) Notes, (b) an Event of Default and acceleration of the Class A(2006-8) Notes, (c) the Class A Usage
of the Class B Required Subordinated Amount for the Class A(2006-8) Notes becomes greater than zero or (d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2006-8) Notes becomes greater than zero. 

“Class A(2006-8) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated
therein as a Class A(2006-8) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class A(2006-8)
Noteholder” means a Person in whose name a Class A(2006-8) Note is registered in the Note Register. 
 “Class A(2006-8)
Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2006-8) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on
which the Indenture is discharged and satisfied pursuant to Article V thereof. 
 “Class A Required Subordinated Amount of Class B
Notes” is defined in Section 2.02(a). 
 “Class A Required Subordinated Amount of Class C Notes” is defined in
Section 2.02(b). 
  

 2 

 “Controlled Accumulation Amount” means $41,666,666.67; provided, however,
if the Accumulation Period Length is determined to be less than twelve months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to the Class A(2006-8) Notes
will be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 
 “Indenture” means the Second Amended and Restated Indenture, dated as of March 14, 2006, between the Issuing Entity and the Indenture Trustee. 
 “Indenture Supplement” means the Amended and Restated CHASEseries Indenture Supplement, dated as of October 15, 2004, among the
Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Initial Dollar Principal Amount” means $500,000,000.

 “Interest Payment Date” means January 16, 2007 and the 15th day of each month thereafter, or if such 15th day is not
a Business Day, the next succeeding Business Day. 
 “Interest Period” means, with respect to any Interest Payment Date, the
period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) to but excluding such Interest Payment Date. 
 “Issuance Date” means December 18, 2006. 
 “Legal Maturity Date” means February 16, 2016. 
 “LIBOR” means, for
any Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the Trustee on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04. 

“LIBOR Determination Date” means (1) December 14, 2006 for the period from and including the Issuance Date through but
excluding January 16, 2007 and (2) for each interest period thereafter, the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
 “London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London
interbank market. 
 “Note Interest Rate” means a rate per annum equal to 0.06% in excess of LIBOR, as determined by the
Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
 “Paying Agent” means
Wells Fargo Bank, National Association. 
  

 3 

 “Predecessor Note” means, with respect to any particular Note, every previous Note
evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 3.06 of the Indenture in lieu of a mutilated, lost, destroyed or
stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Record Date”
means, for any Note Transfer Date, the last Business Day of the preceding Monthly Period. 
 “Reference Banks” means four
major banks in the London interbank market selected by the Beneficiary. 
 “Scheduled Principal Payment Date” means
December 16, 2013. 
 “Stated Principal Amount” means $500,000,000. 
 “Telerate Page 3750” means the display page currently so designated on the Bridge Telerate Market Report (or such other page as may
replace that page on that service for the purpose of displaying comparable rates or prices). 
 Section 1.02 Governing Law
THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY 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. 
 Section 1.03 Counterparts This Terms Document may be executed in any number of counterparts,
each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 
 Section 1.04 Ratification of Indenture and Indenture Supplement As supplemented by this Terms Document, each of the Indenture, the Asset Pool Supplement and the Indenture Supplement is in all respects ratified and confirmed and
the Indenture as so supplemented by the Asset Pool Supplement and the Indenture Supplement as so supplemented by this Terms Document shall be read, taken and construed as one and the same instrument. 
 [END OF ARTICLE I] 
  

 4 

 ARTICLE II 
 The Class A(2006-8) Notes 
 Section 2.01 Creation and Designation There is hereby created a
Tranche of CHASEseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known as the “CHASEseries Class A(2006-8) Notes.” 
 Section 2.02 Specification of Required Subordinated Amount and Other Terms (a) For the Class A(2006-8) Notes for any date of determination,
the Class A Required Subordinated Amount of Class B Notes will be an amount equal to 7.80347% of (i) prior to the occurrence of a Class A(2006-8) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-8) Notes
on such date of determination or (ii) on and after the date on which a Class A(2006-8) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-8) Notes on such date of
determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-8) Notes as of the close of business on the day immediately preceding the date on which such Class A(2006-8) Adverse Event shall have occurred.

 (b) For the Class A(2006-8) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be
an amount equal to 7.80347% of (i) prior to the occurrence of a Class A(2006-8) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-8) Notes on such date or (ii) on and after the date on which a Class
A(2006-8) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-8) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class
A(2006-8) Notes as of the close of business on the day immediately preceding the date on which such Class A(2006-8) Adverse Event shall have occurred. 
 (c) The Issuing Entity may change the percentages or the formulas set forth in either clause (a) or (b) above without the consent of any Noteholder so long as the Issuing Entity has (i) received written
confirmation from each Note Rating Agency that has rated any Outstanding Class A(2006-8) Notes that the change in either of such percentages or formulas, as applicable, will not result in a Ratings Effect with respect to any Outstanding Class
A(2006-8) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuing Entity Tax Opinion. 
  

 5 

 Section 2.03 Interest Payment (a) For each Interest Payment Date, the amount of interest due
with respect to the Class A(2006-8) Notes shall be an amount equal to the product of (i) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times,
(B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2006-8) Notes determined as of the close of business on the Interest Payment Date
preceding the related Note Transfer Date for the Class A(2006-8) Notes; provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2006-8) Notes shall be an amount equal to the
product of (x) the Outstanding Dollar Principal Amount of the Class A(2006-8) Notes on the Issuance Date, (y) 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2006-8) Notes determined on
December 14, 2006. Interest on the Class A(2006-8) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year. 
 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Note Transfer Date with respect to the Class A(2006-8) Notes, the Indenture Trustee shall deposit into the Class A(2006-8) Interest Funding
Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class A(2006-8) Notes. 
 Section 2.04
Calculation Agent; Determination of LIBOR (a) The Issuing Entity hereby agrees that for so long as any Class A(2006-8) Notes are Outstanding, there shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the
“Calculation Agent”). The Issuing Entity hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation Agent may be removed by the Issuing Entity at any
time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuing Entity, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuing Entity shall promptly appoint a replacement
Calculation Agent that does not control or is not controlled by or under common control with the Issuing Entity or its Affiliates. The Calculation Agent may not resign its duties, and the Issuing Entity may not remove the Calculation Agent, without
a successor having been duly appointed. 
 (b) On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of
the rate for deposits in United States dollars for a one-month period which appears on Telerate Page 3750 or on such comparable system as is customarily used to quote LIBOR as of 11:00 a.m., London time, on such date. If such rate does not appear on
Telerate Page 3750 or on a comparable system as is customarily used to quote LIBOR the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks
at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its
rate. If at least two such quotations are provided, the rate for that LIBOR 

  

 6 

 
Determination Date shall be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR
Determination Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European
banks for a one-month period. 
 (c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods
may be obtained by telephoning the Indenture Trustee at its corporate trust office at (612) 667-8058 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture
Trustee to each Noteholder from time to time. 
 (d) On each LIBOR Determination Date, the Calculation Agent shall send to the Indenture
Trustee and the Beneficiary, by facsimile transmission, notification of LIBOR for the following Interest Period. 
 Section 2.05
Payments of Interest and Principal (a) Any installment of interest or principal payable on any Class A(2006-8) Note which is punctually paid or duly provided for by the Issuing Entity and the Indenture Trustee on the applicable Interest
Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2006-8) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to
such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so
designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of
Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
 (b)
The right of the Class A(2006-8) Noteholders to receive payments from the Issuing Entity will terminate on the first Business Day following the Class A(2006-8) Termination Date. 
 Section 2.06 Form of Delivery of Class A(2006-8) Notes; Depository; Denominations. 
 (a) The Class A(2006-8) Notes shall be delivered in the form of a global Registered Note as provided in Sections 2.02 and 3.01(i) of the Indenture,
respectively. 
 (b) The Depository for the Class A(2006-8) Notes shall be The Depository Trust Company, and the Class A(2006-8) Notes shall
initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2006-8) Notes will be issued in minimum
denominations of $100,000 and integral multiples of $1,000 in excess of $100,000. 
  

 7 

 Section 2.07 Delivery and Payment for the Class A(2006-8) Notes The Issuing Entity shall
execute and deliver the Class A(2006-8) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2006-8) Notes when authenticated, each in accordance with Section 3.03 of the Indenture. 

Section 2.08 Supplemental Indenture The Issuing Entity may enter into a supplemental indenture with respect to the Class A(2006-8) Notes
as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit enhancement for the Class A(2006-8) Notes shall, in addition to the
requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such change in credit enhancement will not result in a Ratings Effect with
respect to any Outstanding Notes of the CHASEseries. 
 Section 2.09 Appointment of co-Paying Agent and co-Transfer Agent BDL is
appointed as co-paying agent and as co-transfer agent in Luxembourg with respect to the Class A(2006-8) Notes for so long as the Class A(2006-8) Notes are listed on the Luxembourg Stock Exchange. Any reference in this Terms Document, the Indenture
Supplement, the Asset Pool Supplement and the Indenture to the Paying Agent or the Transfer Agent shall be deemed to include BDL as co-paying agent or co-transfer agent, as the case may be, unless the context requires otherwise. 
 [END OF ARTICLE II] 
  

 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Terms Document to be duly executed, all as of the
day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	 CHASE BANK USA, NATIONAL ASSOCIATION,
 as Beneficiary and not in its
 individual capacity

		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Indenture Trustee and Collateral Agent

		
	By:	 	 /s/ Cheryl C. Zimmerman

	Name:	 	Cheryl C. Zimmerman, CCTS
	Title:	 	Assistant Vice President

 Chase Issuance Trust 
 CHASEseries Class A(2006-8) Notes Terms Document 
 Signature Page

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