Document:

ex41.htm

    
 

    Exhibit
      4.1

     

    

    EXECUTION
      COPY

    

    

    

    

    
      	 

    

    

     

    

     

    BA
      CREDIT
      CARD TRUST

     

    as
      Issuer

     

    

     

    

     

    CLASS
      A(2007-14) TERMS DOCUMENT

     

    dated
      as
      of November 27, 2007

     

    to

     

    AMENDED
      AND RESTATED BASERIES INDENTURE SUPPLEMENT

     

    dated
      as
      of June 10, 2006

     

    to

     

    SECOND
      AMENDED AND RESTATED INDENTURE

     

    dated
      as
      of October 20, 2006

     

    

     

    THE
      BANK
      OF NEW YORK

     

    as
      Indenture Trustee

     

    

     

    
      	 

     

    
      
                           

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      

        
          	
                  ARTICLE
                    I

                	 
	
                  Definitions
                    and Other Provisions of General Application

                	 
	 	 
	
                  Section
                    1.01. Definitions

                	
                  1

                
	 	 
	
                  Section
                    1.02. Governing Law; Submission to Jurisdiction; Agent for Service
                    of
                    Process

                	
                  5

                
	 	 
	
                  Section
                    1.03. Counterparts

                	
                  6

                
	 	 
	
                  Section
                    1.04. Ratification of Indenture and Indenture Supplement

                	
                  6

                
	 	 
	
                  ARTICLE
                    II

                	 
	
                  The
                    Class A(2007-14) Notes

                	 
	 	 
	
                  Section
                    2.01. Creation and Designation

                	
                  7

                
	 	 
	
                  Section
                    2.02. Specification of Required Subordinated Amount and other
                    Terms

                	
                  7

                
	 	 
	
                  Section
                    2.03. Interest Payment

                	
                  7

                
	 	 
	
                  Section
                    2.04. Calculation Agent; Determination of LIBOR

                	
                  8

                
	 	 
	
                  Section
                    2.05. Payments of Interest and Principal

                	
                  9

                
	 	 
	
                  Section
                    2.06. Form of Delivery of Class A(2007-14) Notes; Depository;
                    Denominations

                	
                  9

                
	 	 
	
                  Section
                    2.07. Delivery and Payment for the Class A(2007-14) Notes

                	
                  9

                
	 	 
	
                  Section
                    2.08. Targeted Deposits to the Accumulation Reserve
                    Account

                	
                  9

                
	
                  ARTICLE
                    III

                	 
	
                  Representations
                    and Warranties

                	 
	 	 
	
                  Section
                    3.01. Issuer’s Representations and Warranties

                	
                  10

                

        

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    THIS
      CLASS A(2007-14) TERMS DOCUMENT (this “Terms Document”), by
      and between BA CREDIT CARD TRUST, a statutory trust created under the laws
      of
      the State of Delaware (the “Issuer”), having
      its
      principal office at Rodney Square North, 1100 North Market Street, Wilmington,
      Delaware 19890, and THE BANK OF NEW YORK, a New York banking corporation, as
      Indenture Trustee (the “Indenture Trustee”),
      is made and entered into as of November 27, 2007.

    

    Pursuant
      to this Terms Document, the Issuer and the Indenture Trustee shall create a
      new
      tranche of 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:

     

    (a)  the
      terms
      defined in this Article have the meanings assigned to them in this Article,
      and
      include the plural as well as the singular;

     

    (b)  all
      other
      terms used herein which are defined in the Amended and Restated BAseries
      Indenture Supplement, dated as of June 10, 2006 (the “Indenture
      Supplement”), between the Issuer and the Indenture Trustee, or the Second
      Amended and Restated Indenture, dated as of October 20, 2006 (the “Indenture”), between
      the Issuer and the Indenture Trustee, as acknowledged and accepted by FIA,
      as
      Servicer, either directly or by reference therein, have the meanings assigned
      to
      them therein;

     

    (c)  all
      accounting terms not otherwise defined herein have the meanings assigned to
      them
      in accordance with generally accepted accounting principles and, except as
      otherwise herein expressly provided, the term “generally accepted accounting
      principles” with respect to any computation required or permitted hereunder
      means such accounting principles as are generally accepted in the United States
      of America at the date of such computation;

     

    (d)  all
      references in this Terms Document to designated “Articles,” “Sections” and other
      subdivisions are to the designated Articles, Sections and other subdivisions
      of
      this Terms Document as originally executed;

     

    (e)  the
      words
“herein,” “hereof” and “hereunder” and other words of similar import refer to
      this Terms Document as a whole and not to any particular Article, Section or
      other subdivision;

     

    (f)  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
      or
      the Indenture, the terms and provisions of this Terms Document shall be
      controlling;

     

    (g)  each
      capitalized term defined herein shall relate only to the Class
      A(2007-14) Notes and no other tranche of Notes issued by the Issuer;
      and

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (h)  “including”
      and words of similar import will be deemed to be followed by “without
      limitation.”

     

    “Accumulation
      Reserve Funding
      Period” shall mean, (a) if the Accumulation Period Length is determined
      to be one (1) month, there shall be no Accumulation Reserve Funding Period
      and
      (b) otherwise, the period (x) commencing on the earliest to occur of (i)
      the Monthly Period beginning three (3) calendar months prior to the first
      Transfer Date for which a budgeted deposit is targeted to be made into the
      Principal Funding sub-Account of the Class A(2007-14) Notes pursuant to Section 3.10(b) of
      the Indenture Supplement, (ii) the Monthly Period following the first Transfer
      Date following and including the October 2010 Transfer Date for which the
      Quarterly Excess Available Funds Percentage is less than 2%, but in such event
      the Accumulation Reserve Funding Period shall not be required to commence
      earlier than 24 months prior to the Expected Principal Payment Date, (iii)
      the
      Monthly Period following the first Transfer Date following and including the
      April 2011 Transfer Date for which the Quarterly Excess Available Funds
      Percentage is less than 3%, but in such event the Accumulation Reserve Funding
      Period shall not be required to commence earlier than 18 months prior to the
      Expected Principal Payment Date, and (iv) the Monthly Period following the
      first
      Transfer Date following and including the June 2011 Transfer Date for which
      the
      Quarterly Excess Available Funds Percentage is less than 4%, but in such event
      the Accumulation Reserve Funding Period shall not be required to commence
      earlier than 16 months prior to the Expected Principal Payment Date and
      (y) ending on the close of business on the last day of the Monthly Period
      preceding the earlier to occur of (i) the Expected Principal Payment Date
      for the Class A(2007-14) Notes and (ii) the date on which the Class
      A(2007-14) Notes are paid in full.

    

    “Base
      Rate” means,
      with respect to any Monthly Period, the sum of (i) the Weighted Average
      Interest Rates for the Outstanding BAseries Notes, (ii) the Net Servicing
      Fee Rate (as such term is defined in the Series 2001-D Supplement) and
      (iii) so long as FIA or The Bank of New York is the Servicer, the Servicer
      Interchange Rate, in each case, for such Monthly Period.

    

    “BAseries
      Servicer
      Interchange” means, with respect to any Monthly Period, an amount equal
      to the product of (a) the Servicer Interchange (as such term is defined in
      the Series 2001-D Supplement) with respect to such Monthly Period and (b) a
      fraction the numerator of which is the Weighted Average Available Funds
      Allocation Amount for the BAseries for such Monthly Period and the denominator
      of which is the Weighted Average Available Funds Allocation Amount for all
      series of Notes for such Monthly Period.

    

    “Calculation
      Agent” is
      defined in Section
      2.04(a).

    

    “Class
      A(2007-14)
      Note” means any Note, substantially in the form set forth in Exhibit A-1 to
      the
      Indenture Supplement, designated therein as a Class A(2007-14) Note and duly
      executed and authenticated in accordance with the Indenture.

    

    “Class
      A(2007-14)
      Noteholder” means a Person in whose name a Class A(2007-14) Note is
      registered in the Note Register.

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Class
      A(2007-14) Termination
      Date” means the earliest to occur of (a) the Principal Payment Date
      on which the Outstanding Dollar Principal Amount of the

    Class
      A(2007-14) 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 VI
      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).

    

    “Controlled
      Accumulation
      Amount” means $141,666,666.67; provided,
however,
      if the
      Accumulation Period Length is determined to be less than twelve (12) months
      pursuant to Section
      3.10(b)(ii) of the Indenture Supplement, the Controlled Accumulation
      Amount shall be the amount specified in the definition of “Controlled
      Accumulation Amount” in the Indenture Supplement.

    

    “Excess
      Available Funds
      Percentage” means, with respect to any Transfer Date, the amount, if any,
      by which the Portfolio Yield for the preceding Monthly Period exceeds the Base
      Rate for such Monthly Period.

    

    “Expected
      Principal Payment
      Date” means November 15, 2012.

    

    “Initial
      Dollar Principal
      Amount” means $1,700,000,000.

    

    “Interest
      Payment
      Date” means the fifteenth day of each month, or if such fifteenth day is
      not a Business Day, the next succeeding Business Day, commencing January 15,
      2008.

    

    “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) through the day preceding
      such Interest Payment Date.

    

    “Issuance
      Date” means
      November 27, 2007.

    

    “Legal
      Maturity Date”
means April 15, 2015.

    

    “LIBOR”
means,
      for any
      Interest Period, the London interbank offered rate for one-month United States
      dollar deposits or, for the first Interest Period, the rate that corresponds
      to
      the actual number of days in the first Interest Period determined by the
      Calculation Agent on the LIBOR Determination Date for that Interest Period
      in
      accordance with the provisions of Section
      2.04.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    “LIBOR
      Determination
      Date” means November 23, 2007 for the period from and including the
      Issuance Date to but excluding January 15, 2008, and for each Interest Period
      thereafter, the second London Business Day prior to the Interest Payment Date
      on
      which such Interest Period commences.

    

    “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 per annum rate equal to 0.30% 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
      The Bank of New York.

    

    “Portfolio
      Yield”
means, with respect to any Monthly Period, the annualized percentage
      equivalent
      of a fraction, the numerator of which is (a) the amount of Available Funds
      allocated to the BAseries pursuant to Section 501 of the
      Indenture, plus
      (b) any Interest Funding sub-Account Earnings on the related Transfer Date,
plus (c) any
      amounts to be treated as BAseries Available Funds pursuant to Sections 3.20(d) and
3.27(a)
      of the
      Indenture Supplement, plus (d) the BAseries
      Servicer Interchange for such Monthly Period, minus (e) the excess, if
      any, of the sum of the PFA Prefunding Earnings Shortfall plus the PFA Accumulation
      Earnings Shortfall over the sum of the aggregate amount to be treated as
      BAseries Available Funds for such Monthly Period pursuant to Sections 3.04(a)(ii)
      and 3.25(a) of
      the Indenture Supplement plus any other amounts
      applied to cover earnings shortfalls on amounts in the Principal Funding
      sub-Account for any tranche of BAseries Notes for such Monthly Period, minus (f) the BAseries
      Investor Default Amount for such Monthly Period, and the denominator of which
      is
      the Weighted Average Available Funds Allocation Amount for the BAseries for
      such
      Monthly Period.

    

    “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 306 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.

    

    “Quarterly
      Excess Available
      Funds Percentage” means, with respect to the October 2010 Transfer Date
      and each Transfer Date thereafter, the percentage equivalent of a fraction
      the
      numerator of which is the sum of the Excess Available Funds Percentages with
      respect to the immediately preceding three Monthly Periods and the denominator
      of which is three.

    

    “Record
      Date” means,
      for any 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.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    “Required
      Accumulation
      Reserve sub-Account Amount” means, with respect to any Monthly Period
      during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5%
      of the Outstanding Dollar Principal Amount of the Class A(2007-14) Notes as
      of
      the close of business on the last day of the preceding Monthly Period or (ii)
      any other amount designated by the Issuer; provided, however,
      that if such
      designation is of a lesser amount, the Note Rating Agencies shall have provided
      prior written confirmation that a Ratings Effect will not occur with respect
      to
      such change.

    

    “Reuters
      Screen LIBOR01
      Page” means the display page currently so designated on the Reuters
      Monitor Money Rates (or such other page as may replace that page on that
      service, or such other service as may be nominated as the information vendor,
      for the purpose of displaying comparable rates or prices).

    

    “Servicer
      Interchange
      Rate” means, for any Monthly Period, the percentage equivalent of a
      fraction, the numerator of which is the BAseries Servicer Interchange for such
      Monthly Period, and the denominator of which is the Weighted Average Available
      Funds Allocation Amount for the BAseries for such Monthly Period.

    

    “Stated
      Principal
      Amount” means $1,700,000,000.

    

    “Weighted
      Average Interest
      Rates” means, with respect to any Outstanding Notes of a class or tranche
      of the BAseries, or of all of the Outstanding Notes of the BAseries, on any
      date, the weighted average (weighted based on the Outstanding Dollar Principal
      Amount of the related Notes on such date) of the following rates of
      interest:

    

    (a)  in
      the
      case of a tranche of Dollar Interest-bearing Notes with no Derivative Agreement
      for interest, the rate of interest applicable to that tranche on that
      date;

     

    (b)  in
      the
      case of a tranche of Discount Notes, the rate of accretion (converted to an
      accrual rate) of that tranche on that date;

     

    (c)  in
      the
      case of a tranche of Notes with a payment due under a Performing Derivative
      Agreement for interest, the rate at which payments by the Issuer to the
      applicable Derivative Counterparty accrue on that date (prior to the netting
      of
      such payments, if applicable); and

     

    (d)  in
      the
      case of a tranche of Notes with a non-Performing Derivative Agreement for
      interest, the rate specified for that date in the related terms
      document.

     

    Section
      1.02.  Governing
      Law; Submission to
      Jurisdiction; Agent for Service of Process.  This Terms
      Document shall be governed by and construed in accordance with the laws of
      the
      State of Delaware, without regard to principles of conflict of
      laws.  The parties hereto declare that it is their intention that this
      Terms Document shall be regarded as made under the laws of the State of Delaware
      and that the laws of said State shall be applied in interpreting its provisions
      in all cases where legal interpretation shall be required.  Each of
      the parties hereto agrees (a) that this Terms Document involves at least
      $100,000.00, and (b) that this Terms

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     Document
      has been entered into by the parties hereto in express reliance upon 6 DEL. C.§
2708.  Each of the
      parties hereto hereby irrevocably and
      unconditionally agrees (a) to be subject to the jurisdiction of the courts
      of
      the State of Delaware and of the federal courts sitting in the State of
      Delaware, and (b)(1) to the extent such party is not otherwise subject to
      service of process in the State of Delaware, to appoint and maintain an agent
      in
      the State of Delaware as such party’s agent for acceptance of legal process, and
      (2) that, to the fullest extent permitted by applicable law, service of process
      may also be made on such party by prepaid certified mail with a proof of mailing
      receipt validated by the United States Postal Service constituting evidence
      of
      valid service, and that service made pursuant to (b)(1) or (2) above shall,
      to
      the fullest extent permitted by applicable law, have the same legal force and
      effect as if served upon such party personally within the State of
      Delaware.

     

    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 and the Indenture Supplement is in all respects ratified
      and confirmed and the Indenture as so supplemented by the Indenture Supplement
      as so supplemented and this Terms Document shall be read, taken and construed
      as
      one and the same instrument.

     

    [END
      OF
      ARTICLE I]

    
      
        
        

      

      
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    ARTICLE
      II

     

    The
      Class
      A(2007-14) Notes

     

    Section
      2.01.  Creation
      and
      Designation.  There is hereby created a tranche of BAseries
      Class A Notes to be issued pursuant to the Indenture and the Indenture
      Supplement to be known as the “BAseries Class A(2007-14) Notes.” 

     

    Section
      2.02.  Specification
      of Required
      Subordinated Amount and other Terms.

     

    (a)           For
      the Class A(2007-14) Notes for any date of determination, the Class A Required
      Subordinated Amount of Class B Notes will be an amount equal to 8.72093% of
      (i)
      the Adjusted Outstanding Dollar Principal Amount of the Class A(2007-14) Notes
      on such date or (ii) if an Early Redemption Event with respect to the Class
      A(2007-14) Notes shall have occurred, if an Event of Default and acceleration
      of
      the Class A(2007-14) Notes shall have occurred or if the Class A Usage of the
      Class B Required Subordinated Amount for such tranche of Class A Notes is
      greater than zero, the Adjusted Outstanding Dollar Principal Amount of the
      Class
      A(2007-14) Notes as of close of business on the day immediately preceding the
      occurrence of such Early Redemption Event, such Event of Default and
      acceleration or the date on which the Class A Usage of Class B Required
      Subordinated Amount exceeded zero.

     

    (b)           For
      the Class A(2007-14) Notes for any date of determination, the Class A Required
      Subordinated Amount of Class C Notes will be an amount equal to 7.55814% of
      (i)
      the Adjusted Outstanding Dollar Principal Amount of the Class A(2007-14) Notes
      on such date or (ii) if an Early Redemption Event with respect to the Class
      A(2007-14) Notes shall have occurred, if an Event of Default and acceleration
      of
      the Class A(2007-14) Notes shall have occurred or if the Class A Usage of the
      Class C Required Subordinated Amount for such tranche of Class A Notes is
      greater than zero, the Adjusted Outstanding Dollar Principal Amount of the
      Class
      A(2007-14) Notes as of close of business on the day immediately preceding the
      occurrence of such Early Redemption Event, such Event of Default and
      acceleration or the date on which the Class A Usage of Class C Required
      Subordinated Amount exceeded zero.

     

    (c)           The
      Issuer may change the percentages set forth in clause (a) or (b) above without
      the consent of any Noteholder so long as the Issuer has (i) received written
      confirmation from each Note Rating Agency that has rated any Outstanding Notes
      of the BAseries that the change in either of such percentages will not result
      in
      a Ratings Effect with respect to any Outstanding Notes of the BAseries and
      (ii)
      delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust
      Tax Opinion and an Issuer Tax Opinion.

     

    Section
      2.03.  Interest
      Payment.

     

    (a)  For
      each
      Interest Payment Date, the amount of interest due with respect to the Class
      A(2007-14) 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(2007-14) Notes determined
      as
      of the Record Date preceding the related Transfer Date.  Interest on
      the

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    Class
      A(2007-14) Notes will be calculated on the basis of the actual number of days
      in
      the related Interest Period and a 360-day year.

     

    (b)  Pursuant
      to Section 3.03
      of the Indenture Supplement, on each Transfer Date, the Indenture Trustee shall
      deposit into the Class A(2007-14) Interest Funding sub-Account the portion
      of
      BAseries Available Funds allocable to the Class A(2007-14) Notes.

     

    Section
      2.04.  Calculation
      Agent;
      Determination of LIBOR.  

     

    (a)           The
      Issuer hereby agrees that for so long as any Class A(2007-14) Notes are
      Outstanding, there shall at all times be an agent appointed to calculate LIBOR
      for each Interest Period (the “Calculation
      Agent”).  The Issuer 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 Issuer
      at any time.  If the Calculation Agent is unable or unwilling to act
      as such or is removed by the Issuer, or if the Calculation Agent fails to
      determine LIBOR for an Interest Period, the Issuer shall promptly appoint a
      replacement Calculation Agent that does not control or is not controlled by
      or
      under common control with the Issuer or its Affiliates.  The
      Calculation Agent may not resign its duties, and the Issuer 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 Reuters Screen LIBOR01 Page as of 11:00 a.m., London
      time, on such date (or, for the first Interest Period, the rate that corresponds
      to the actual number of days in the first Interest Period).  If such
      rate does not appear on Reuters Screen LIBOR01 Page, 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 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 four 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 (212) 815-3247 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, the Beneficiary and the Servicer, by facsimile transmission,
      notification of LIBOR for the following Interest Period.

     

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    Section
      2.05.  Payments
      of Interest and
      Principal.  

     

    (a)  Any
      installment of interest or principal, if any, payable on any Class
      A(2007-14) Note which is punctually paid or duly provided for by the Issuer
      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(2007-14) 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(2007-14) Noteholders to receive payments from the Issuer will
      terminate on the first Business Day following the Class A(2007-14) Termination
      Date.

     

    Section
      2.06.  Form
      of Delivery of
Class
A(2007-14) Notes;
      Depository;
      Denominations.

     

    (a)  The
      Class
      A(2007-14) Notes shall be delivered in the form of a global Registered Note
      as
      provided in Sections
      202 and 301(i) of
      the
      Indenture, respectively.

     

    (b)  The
      Depository for the Class A(2007-14) Notes shall be The Depository Trust Company,
      and the Class A(2007-14) Notes shall initially be registered in the name of
      Cede
& Co., its nominee.

     

    (c)  The
      Class
      A(2007-14) Notes will be issued in minimum denominations of $5,000 and multiples
      of $1,000 in excess of that amount.

     

    Section
      2.07.  Delivery
      and Payment for the
      Class A(2007-14) Notes.  The
      Issuer shall execute and deliver the Class A(2007-14) Notes to the Indenture
      Trustee for authentication, and the Indenture Trustee shall deliver the Class
      A(2007-14) Notes when authenticated, each in accordance with Section 303 of the
      Indenture.

     

    Section
      2.08.  Targeted
      Deposits to the
      Accumulation Reserve Account.  The deposit targeted to be made
      to the Accumulation Reserve Account for any Monthly Period during the
      Accumulation Reserve Funding Period will be an amount equal to the Required
      Accumulation Reserve sub-Account Amount.

     

    [END
      OF
      ARTICLE II]

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    ARTICLE
      III

     

    Representations
      and Warranties

     

    Section
      3.01.  Issuer’s
      Representations and
      Warranties.  The Issuer makes the following representations and
      warranties as to the Collateral Certificate on which the Indenture Trustee
      is
      deemed to have relied in acquiring the Collateral Certificate.  Such
      representations and warranties speak as of the execution and delivery of this
      Terms Document, but shall survive until the termination of this Terms
      Document.  Such representations and warranties shall not be waived by
      any of the parties to this Terms Document unless the Issuer has obtained written
      confirmation from each Note Rating Agency that there will be no Ratings Effect
      with respect to such waiver.

     

    (a)  The
      Indenture creates a valid and continuing security interest (as defined in the
      Delaware UCC) in the Collateral Certificate in favor of the Indenture Trustee,
      which security interest is prior to all other liens, and is enforceable as
      such
      as against creditors of and purchasers from the Issuer.

     

    (b)  The
      Collateral Certificate constitutes either an “account,” a “general intangible,”
an “instrument,” or a “certificated security,” each within the meaning of the
      Delaware UCC.

     

    (c)  At
      the
      time of the transfer and assignment of the Collateral Certificate to the
      Indenture Trustee pursuant to the Indenture, the Issuer owned and had good
      and
      marketable title to the Collateral Certificate free and clear of any lien,
      claim
      or encumbrance of any Person.

     

    (d)  The
      Issuer has caused, within ten days of the execution of the Indenture, the filing
      of all appropriate financing statements in the proper filing office in the
      appropriate jurisdictions under applicable law in order to perfect the security
      interest in the Collateral Certificate granted to the Indenture Trustee pursuant
      to the Indenture.

     

    (e)  Other
      than the security interest granted to the Indenture Trustee pursuant to the
      Indenture, the Issuer has not pledged, assigned, sold, granted a security
      interest in, or otherwise conveyed the Collateral Certificate.  The
      Issuer has not authorized the filing of and is not aware of any financing
      statements against the Issuer that include a description of collateral covering
      the Collateral Certificate other than any financing statement relating to the
      security interest granted to the Indenture Trustee pursuant to the Indenture
      or
      any financing statement that has been terminated.  The Issuer is not
      aware of any judgment or tax lien filings against the Issuer.

     

    (f)  All
      original executed copies of the Collateral Certificate have been delivered
      to
      the Indenture Trustee.

     

    (g)  At
      the
      time of the transfer and assignment of the Collateral Certificate to the
      Indenture Trustee pursuant to the Indenture, the Collateral Certificate had
      no
      marks or notations indicating that it has been pledged, assigned or otherwise
      conveyed to any Person other than the Indenture Trustee.

     

    [END
      OF
      ARTICLE III]

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    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.

    

    

    BA
      CREDIT
      CARD TRUST,

    by
      BA
      CREDIT CARD FUNDING, LLC,

    as
      Beneficiary and not in its individual capacity

    

    

    

    By:  /s/
      Keith W.
      Landis                          

    Name:   Keith
      W.
      Landis

    Title:  Vice
      President

    

    

    

    THE
      BANK
      OF NEW YORK, as Indenture Trustee

    and
      not
      in its individual capacity

    

    

    

    By:  /s/
      Catherine
      Cerilles                         

    Name: 
Catherine
      Cerilles

    Title: 
Vice
      President

    

    

    

    

    

    [Signature
      Page to the Class A(2007-14) Terms Document]ex42.htm

    Exhibit
      4.2

    EXECUTION
      COPY

    

    

    

    
      	 

    

    

     

    

     

    BA
      CREDIT
      CARD TRUST

     

    as
      Issuer

     

    

     

    

     

    CLASS
      A(2007-15) TERMS DOCUMENT

     

    dated
      as
      of November 27, 2007

     

    to

     

    AMENDED
      AND RESTATED BASERIES INDENTURE SUPPLEMENT

     

    dated
      as
      of June 10, 2006

     

    to

     

    SECOND
      AMENDED AND RESTATED INDENTURE

     

    dated
      as
      of October 20, 2006

     

    

     

    THE
      BANK
      OF NEW YORK

     

    as
      Indenture Trustee

     

    

     

    

    
      	 

    

    
      
        
            

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      
        	
                ARTICLE
                  I

              	 
	
                Definitions
                  and Other Provisions of General Application

              	 
	 	 
	
                Section
                  1.01. Definitions

              	
                1

              
	 	 
	
                Section
                  1.02. Governing Law; Submission to Jurisdiction; Agent for Service
                  of
                  Process

              	
                5

              
	 	 
	
                Section
                  1.03. Counterparts

              	
                6

              
	 	 
	
                Section
                  1.04. Ratification of Indenture and Indenture Supplement

              	
                6

              
	 	 
	
                ARTICLE
                  II

              	 
	
                The
                  Class A(2007-15) Notes

              	 
	 	 
	
                Section
                  2.01. Creation and Designation

              	
                7

              
	 	 
	
                Section
                  2.02. Specification of Required Subordinated Amount and other
                  Terms

              	
                7

              
	 	 
	
                Section
                  2.03. Interest Payment

              	
                7

              
	 	 
	
                Section
                  2.04. Calculation Agent; Determination of LIBOR

              	
                8

              
	 	 
	
                Section
                  2.05. Payments of Interest and Principal

              	
                9

              
	 	 
	
                Section
                  2.06. Form of Delivery of Class A(2007-15) Notes; Depository;
                  Denominations

              	
                9

              
	 	 
	
                Section
                  2.07. Delivery and Payment for the Class A(2007-15) Notes

              	
                9

              
	 	 
	
                Section
                  2.08. Targeted Deposits to the Accumulation Reserve
                  Account

              	
                9

              
	 	 
	
                ARTICLE
                  III

              	 
	
                Representations
                  and Warranties

              	 
	 	 
	
                Section
                  3.01. Issuer’s Representations and Warranties

              	
                10

              

      

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    THIS
      CLASS A(2007-15) TERMS DOCUMENT (this “Terms Document”), by
      and between BA CREDIT CARD TRUST, a statutory trust created under the laws
      of
      the State of Delaware (the “Issuer”), having
      its
      principal office at Rodney Square North, 1100 North Market Street, Wilmington,
      Delaware 19890, and THE BANK OF NEW YORK, a New York banking corporation, as
      Indenture Trustee (the “Indenture Trustee”),
      is made and entered into as of November 27, 2007.

    

    Pursuant
      to this Terms Document, the Issuer and the Indenture Trustee shall create a
      new
      tranche of 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:

     

    (a)  the
      terms
      defined in this Article have the meanings assigned to them in this Article,
      and
      include the plural as well as the singular;

     

    (b)  all
      other
      terms used herein which are defined in the Amended and Restated BAseries
      Indenture Supplement, dated as of June 10, 2006 (the “Indenture
      Supplement”), between the Issuer and the Indenture Trustee, or the Second
      Amended and Restated Indenture, dated as of October 20, 2006 (the “Indenture”), between
      the Issuer and the Indenture Trustee, as acknowledged and accepted by FIA,
      as
      Servicer, either directly or by reference therein, have the meanings assigned
      to
      them therein;

     

    (c)  all
      accounting terms not otherwise defined herein have the meanings assigned to
      them
      in accordance with generally accepted accounting principles and, except as
      otherwise herein expressly provided, the term “generally accepted accounting
      principles” with respect to any computation required or permitted hereunder
      means such accounting principles as are generally accepted in the United States
      of America at the date of such computation;

     

    (d)  all
      references in this Terms Document to designated “Articles,” “Sections” and other
      subdivisions are to the designated Articles, Sections and other subdivisions
      of
      this Terms Document as originally executed;

     

    (e)  the
      words
“herein,” “hereof” and “hereunder” and other words of similar import refer to
      this Terms Document as a whole and not to any particular Article, Section or
      other subdivision;

     

    (f)  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
      or
      the Indenture, the terms and provisions of this Terms Document shall be
      controlling;

     

    (g)  each
      capitalized term defined herein shall relate only to the Class
      A(2007-15) Notes and no other tranche of Notes issued by the Issuer;
      and

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (h)  “including”
      and words of similar import will be deemed to be followed by “without
      limitation.”

     

    “Accumulation
      Reserve Funding
      Period” shall mean, (a) if the Accumulation Period Length is determined
      to be one (1) month, there shall be no Accumulation Reserve Funding Period
      and
      (b) otherwise, the period (x) commencing on the earliest to occur of (i)
      the Monthly Period beginning three (3) calendar months prior to the first
      Transfer Date for which a budgeted deposit is targeted to be made into the
      Principal Funding sub-Account of the Class
      A(2007-15) Notes pursuant to Section 3.10(b) of
      the Indenture Supplement, (ii) the Monthly Period following the first Transfer
      Date following and including the October 2012 Transfer Date for which the
      Quarterly Excess Available Funds Percentage is less than 2%, but in such event
      the Accumulation Reserve Funding Period shall not be required to commence
      earlier than 24 months prior to the Expected Principal Payment Date, (iii)
      the
      Monthly Period following the first Transfer Date following and including the
      April 2013 Transfer Date for which the Quarterly Excess Available Funds
      Percentage is less than 3%, but in such event the Accumulation Reserve Funding
      Period shall not be required to commence earlier than 18 months prior to the
      Expected Principal Payment Date, and (iv) the Monthly Period following the
      first
      Transfer Date following and including the June 2013 Transfer Date for which
      the
      Quarterly Excess Available Funds Percentage is less than 4%, but in such event
      the Accumulation Reserve Funding Period shall not be required to commence
      earlier than 16 months prior to the Expected Principal Payment Date and
      (y) ending on the close of business on the last day of the Monthly Period
      preceding the earlier to occur of (i) the Expected Principal Payment Date
      for the Class A(2007-15) Notes and (ii) the date on which the Class
      A(2007-15) Notes are paid in full.

    

    “Base
      Rate” means,
      with respect to any Monthly Period, the sum of (i) the Weighted Average
      Interest Rates for the Outstanding BAseries Notes, (ii) the Net Servicing
      Fee Rate (as such term is defined in the Series 2001-D Supplement) and
      (iii) so long as FIA or The Bank of New York is the Servicer, the Servicer
      Interchange Rate, in each case, for such Monthly Period.

    

    “BAseries
      Servicer
      Interchange” means, with respect to any Monthly Period, an amount equal
      to the product of (a) the Servicer Interchange (as such term is defined in
      the Series 2001-D Supplement) with respect to such Monthly Period and (b) a
      fraction the numerator of which is the Weighted Average Available Funds
      Allocation Amount for the BAseries for such Monthly Period and the denominator
      of which is the Weighted Average Available Funds Allocation Amount for all
      series of Notes for such Monthly Period.

    

    “Calculation
      Agent” is
      defined in Section
      2.04(a).

    

    “Class
      A(2007-15)
      Note” means any Note, substantially in the form set forth in Exhibit A-1 to
      the
      Indenture Supplement, designated therein as a Class A(2007-15) Note and duly
      executed and authenticated in accordance with the Indenture.

    

    “Class
      A(2007-15)
      Noteholder” means a Person in whose name a Class
      A(2007-15) Note is registered in the Note Register.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Class
      A(2007-15) Termination
      Date” means the earliest to occur of (a) the Principal Payment Date
      on which the Outstanding Dollar Principal Amount of the Class
      A(2007-15) 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 VI
      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).

    

    “Controlled
      Accumulation
      Amount” means $104,166,666.67; provided,
however,
      if the
      Accumulation Period Length is determined to be less than twelve (12) months
      pursuant to Section
      3.10(b)(ii) of the Indenture Supplement, the Controlled Accumulation
      Amount shall be the amount specified in the definition of “Controlled
      Accumulation Amount” in the Indenture Supplement.

    

    “Excess
      Available Funds
      Percentage” means, with respect to any Transfer Date, the amount, if any,
      by which the Portfolio Yield for the preceding Monthly Period exceeds the Base
      Rate for such Monthly Period.

    

    “Expected
      Principal Payment
      Date” means November 17, 2014.

    

    “Initial
      Dollar Principal
      Amount” means $1,250,000,000.

    

    “Interest
      Payment
      Date” means the fifteenth day of each month, or if such fifteenth day is
      not a Business Day, the next succeeding Business Day, commencing January 15,
      2008.

    

    “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) through the day preceding
      such Interest Payment Date.

    

    “Issuance
      Date” means
      November 27, 2007.

    

    “Legal
      Maturity Date”
means April 17, 2017.

    

    “LIBOR”
means,
      for any
      Interest Period, the London interbank offered rate for one-month United States
      dollar deposits or, for the first Interest Period, the rate that corresponds
      to
      the actual number of days in the first Interest Period determined by the
      Calculation Agent on the LIBOR Determination Date for that Interest Period
      in
      accordance with the provisions of Section
      2.04.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    “LIBOR
      Determination
      Date” means November 23, 2007 for the period from and including the
      Issuance Date to but excluding January 15, 2008, and for each Interest Period
      thereafter, the second London Business Day prior to the Interest Payment Date
      on
      which such Interest Period commences.

    

    “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 per annum rate equal to 0.35% 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
      The Bank of New York.

    

    “Portfolio
      Yield”
means, with respect to any Monthly Period, the annualized percentage
      equivalent
      of a fraction, the numerator of which is (a) the amount of Available Funds
      allocated to the BAseries pursuant to Section 501 of the
      Indenture, plus
      (b) any Interest Funding sub-Account Earnings on the related Transfer Date,
plus (c) any
      amounts to be treated as BAseries Available Funds pursuant to Sections 3.20(d) and
3.27(a)
      of the
      Indenture Supplement, plus (d) the BAseries
      Servicer Interchange for such Monthly Period, minus (e) the excess, if
      any, of the sum of the PFA Prefunding Earnings Shortfall plus the PFA Accumulation
      Earnings Shortfall over the sum of the aggregate amount to be treated as
      BAseries Available Funds for such Monthly Period pursuant to Sections 3.04(a)(ii)
      and 3.25(a) of
      the Indenture Supplement plus any other amounts
      applied to cover earnings shortfalls on amounts in the Principal Funding
      sub-Account for any tranche of BAseries Notes for such Monthly Period, minus (f) the BAseries
      Investor Default Amount for such Monthly Period, and the denominator of which
      is
      the Weighted Average Available Funds Allocation Amount for the BAseries for
      such
      Monthly Period.

    

    “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 306 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.

    

    “Quarterly
      Excess Available
      Funds Percentage” means, with respect to the October 2012 Transfer Date
      and each Transfer Date thereafter, the percentage equivalent of a fraction
      the
      numerator of which is the sum of the Excess Available Funds Percentages with
      respect to the immediately preceding three Monthly Periods and the denominator
      of which is three.

    

    “Record
      Date” means,
      for any 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.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    “Required
      Accumulation
      Reserve sub-Account Amount” means, with respect to any Monthly Period
      during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5%
      of the Outstanding Dollar Principal Amount of the Class A(2007-15) Notes as
      of
      the close of business on the last day of the preceding Monthly Period or (ii)
      any other amount designated by the Issuer; provided, however,
      that if such
      designation is of a lesser amount, the Note Rating Agencies shall have provided
      prior written confirmation that a Ratings Effect will not occur with respect
      to
      such change.

    

    “Reuters
      Screen LIBOR01
      Page” means the display page currently so designated on the Reuters
      Monitor Money Rates (or such other page as may replace that page on that
      service, or such other service as may be nominated as the information vendor,
      for the purpose of displaying comparable rates or prices).

    

    “Servicer
      Interchange
      Rate” means, for any Monthly Period, the percentage equivalent of a
      fraction, the numerator of which is the BAseries Servicer Interchange for such
      Monthly Period, and the denominator of which is the Weighted Average Available
      Funds Allocation Amount for the BAseries for such Monthly Period.

    

    “Stated
      Principal
      Amount” means $1,250,000,000.

    

    “Weighted
      Average Interest
      Rates” means, with respect to any Outstanding Notes of a class or tranche
      of the BAseries, or of all of the Outstanding Notes of the BAseries, on any
      date, the weighted average (weighted based on the Outstanding Dollar Principal
      Amount of the related Notes on such date) of the following rates of
      interest:

    

    (a)  in
      the
      case of a tranche of Dollar Interest-bearing Notes with no Derivative Agreement
      for interest, the rate of interest applicable to that tranche on that
      date;

     

    (b)  in
      the
      case of a tranche of Discount Notes, the rate of accretion (converted to an
      accrual rate) of that tranche on that date;

     

    (c)  in
      the
      case of a tranche of Notes with a payment due under a Performing Derivative
      Agreement for interest, the rate at which payments by the Issuer to the
      applicable Derivative Counterparty accrue on that date (prior to the netting
      of
      such payments, if applicable); and

     

    (d)  in
      the
      case of a tranche of Notes with a non-Performing Derivative Agreement for
      interest, the rate specified for that date in the related terms
      document.

     

    Section
      1.02.  Governing
      Law; Submission to
      Jurisdiction; Agent for Service of Process.  This Terms
      Document shall be governed by and construed in accordance with the laws of
      the
      State of Delaware, without regard to principles of conflict of
      laws.  The parties hereto declare that it is their intention that this
      Terms Document shall be regarded as made under the laws of the State of Delaware
      and that the laws of said State shall be applied in interpreting its provisions
      in all cases where legal interpretation shall be required.  Each of
      the parties hereto agrees (a) that this Terms Document involves at least
      $100,000.00, and (b) that this Terms

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    Document
      has been entered into by the parties hereto in express reliance upon 6 DEL. C.§
2708.  Each of the
      parties hereto hereby irrevocably and
      unconditionally agrees (a) to be subject to the jurisdiction of the courts
      of
      the State of Delaware and of the federal courts sitting in the State of
      Delaware, and (b)(1) to the extent such party is not otherwise subject to
      service of process in the State of Delaware, to appoint and maintain an agent
      in
      the State of Delaware as such party’s agent for acceptance of legal process, and
      (2) that, to the fullest extent permitted by applicable law, service of process
      may also be made on such party by prepaid certified mail with a proof of mailing
      receipt validated by the United States Postal Service constituting evidence
      of
      valid service, and that service made pursuant to (b)(1) or (2) above shall,
      to
      the fullest extent permitted by applicable law, have the same legal force and
      effect as if served upon such party personally within the State of
      Delaware.

     

    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 and the Indenture Supplement is in all respects ratified
      and confirmed and the Indenture as so supplemented by the Indenture Supplement
      as so supplemented and this Terms Document shall be read, taken and construed
      as
      one and the same instrument.

     

    [END
      OF
      ARTICLE I]

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    ARTICLE
      II

     

    The
      Class
      A(2007-15) Notes

     

    Section
      2.01.  Creation
      and
      Designation.  There is hereby created a tranche of BAseries
      Class A Notes to be issued pursuant to the Indenture and the Indenture
      Supplement to be known as the “BAseries Class A(2007-15) Notes.” 

     

    Section
      2.02.  Specification
      of Required
      Subordinated Amount and other Terms.

     

    (a)           For
      the Class A(2007-15) Notes for any date of determination, the Class A Required
      Subordinated Amount of Class B Notes will be an amount equal to 8.72093% of
      (i)
      the Adjusted Outstanding Dollar Principal Amount of the Class A(2007-15) Notes
      on such date or (ii) if an Early Redemption Event with respect to the Class
      A(2007-15) Notes shall have occurred, if an Event of Default and acceleration
      of
      the Class A(2007-15) Notes shall have occurred or if the Class A Usage of the
      Class B Required Subordinated Amount for such tranche of Class A Notes is
      greater than zero, the Adjusted Outstanding Dollar Principal Amount of the
      Class
      A(2007-15) Notes as of close of business on the day immediately preceding the
      occurrence of such Early Redemption Event, such Event of Default and
      acceleration or the date on which the Class A Usage of Class B Required
      Subordinated Amount exceeded zero.

     

    (b)           For
      the Class A(2007-15) Notes for any date of determination, the Class A Required
      Subordinated Amount of Class C Notes will be an amount equal to 7.55814% of
      (i)
      the Adjusted Outstanding Dollar Principal Amount of the Class A(2007-15) Notes
      on such date or (ii) if an Early Redemption Event with respect to the Class
      A(2007-15) Notes shall have occurred, if an Event of Default and acceleration
      of
      the Class A(2007-15) Notes shall have occurred or if the Class A Usage of the
      Class C Required Subordinated Amount for such tranche of Class A Notes is
      greater than zero, the Adjusted Outstanding Dollar Principal Amount of the
      Class
      A(2007-15) Notes as of close of business on the day immediately preceding the
      occurrence of such Early Redemption Event, such Event of Default and
      acceleration or the date on which the Class A Usage of Class C Required
      Subordinated Amount exceeded zero.

     

    (c)           The
      Issuer may change the percentages set forth in clause (a) or (b) above without
      the consent of any Noteholder so long as the Issuer has (i) received written
      confirmation from each Note Rating Agency that has rated any Outstanding Notes
      of the BAseries that the change in either of such percentages will not result
      in
      a Ratings Effect with respect to any Outstanding Notes of the BAseries and
      (ii)
      delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust
      Tax Opinion and an Issuer Tax Opinion.

     

    Section
      2.03.  Interest
      Payment.

     

    (a)  For
      each
      Interest Payment Date, the amount of interest due with respect to the Class
      A(2007-15) 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(2007-15) Notes determined
      as
      of the Record Date preceding the related Transfer Date.  Interest on
      the

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    Class
      A(2007-15) Notes will be calculated on the basis of the actual number of days
      in
      the related Interest Period and a 360-day year.

     

    (b)  Pursuant
      to Section 3.03
      of the Indenture Supplement, on each Transfer Date, the Indenture Trustee shall
      deposit into the Class A(2007-15) Interest Funding sub-Account the portion
      of
      BAseries Available Funds allocable to the Class A(2007-15) Notes.

     

    Section
      2.04.  Calculation
      Agent;
      Determination of LIBOR.  

     

    (a)           The
      Issuer hereby agrees that for so long as any Class A(2007-15) Notes are
      Outstanding, there shall at all times be an agent appointed to calculate LIBOR
      for each Interest Period (the “Calculation
      Agent”).  The Issuer 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 Issuer
      at any time.  If the Calculation Agent is unable or unwilling to act
      as such or is removed by the Issuer, or if the Calculation Agent fails to
      determine LIBOR for an Interest Period, the Issuer shall promptly appoint a
      replacement Calculation Agent that does not control or is not controlled by
      or
      under common control with the Issuer or its Affiliates.  The
      Calculation Agent may not resign its duties, and the Issuer 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 Reuters Screen LIBOR01 Page as of 11:00 a.m., London
      time, on such date (or, for the first Interest Period, the rate that corresponds
      to the actual number of days in the first Interest Period).  If such
      rate does not appear on Reuters Screen LIBOR01 Page, 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 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 four 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 (212) 815-3247 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, the Beneficiary and the Servicer, by facsimile transmission,
      notification of LIBOR for the following Interest Period.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    Section
      2.05.  Payments
      of Interest and
      Principal.  

     

    (a)  Any
      installment of interest or principal, if any, payable on any Class
      A(2007-15) Note which is punctually paid or duly provided for by the Issuer
      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(2007-15) 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(2007-15) Noteholders to receive payments from the Issuer will
      terminate on the first Business Day following the Class A(2007-15) Termination
      Date.

     

    Section
      2.06.  Form
      of Delivery of
Class
A(2007-15) Notes;
      Depository;
      Denominations.

     

    (a)  The
      Class
      A(2007-15) Notes shall be delivered in the form of a global Registered Note
      as
      provided in Sections
      202 and 301(i) of
      the
      Indenture, respectively.

     

    (b)  The
      Depository for the Class A(2007-15) Notes shall be The Depository Trust Company,
      and the Class A(2007-15) Notes shall initially be registered in the name of
      Cede
& Co., its nominee.

     

    (c)  The
      Class
      A(2007-15) Notes will be issued in minimum denominations of $5,000 and multiples
      of $1,000 in excess of that amount.

     

    Section
      2.07.  Delivery
      and Payment for the
      Class A(2007-15) Notes.  The
      Issuer shall execute and deliver the Class A(2007-15) Notes to the Indenture
      Trustee for authentication, and the Indenture Trustee shall deliver the Class
      A(2007-15) Notes when authenticated, each in accordance with Section 303 of the
      Indenture.

     

    Section
      2.08.  Targeted
      Deposits to the
      Accumulation Reserve Account.  The deposit targeted to be made
      to the Accumulation Reserve Account for any Monthly Period during the
      Accumulation Reserve Funding Period will be an amount equal to the Required
      Accumulation Reserve sub-Account Amount.

     

    [END
      OF
      ARTICLE II]

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    ARTICLE
      III 

     

    Representations
      and Warranties

     

    Section
      3.01.  Issuer’s
      Representations and
      Warranties.  The Issuer makes the following representations and
      warranties as to the Collateral Certificate on which the Indenture Trustee
      is
      deemed to have relied in acquiring the Collateral Certificate.  Such
      representations and warranties speak as of the execution and delivery of this
      Terms Document, but shall survive until the termination of this Terms
      Document.  Such representations and warranties shall not be waived by
      any of the parties to this Terms Document unless the Issuer has obtained written
      confirmation from each Note Rating Agency that there will be no Ratings Effect
      with respect to such waiver.

     

    (a)  The
      Indenture creates a valid and continuing security interest (as defined in the
      Delaware UCC) in the Collateral Certificate in favor of the Indenture Trustee,
      which security interest is prior to all other liens, and is enforceable as
      such
      as against creditors of and purchasers from the Issuer.

     

    (b)  The
      Collateral Certificate constitutes either an “account,” a “general intangible,”
an “instrument,” or a “certificated security,” each within the meaning of the
      Delaware UCC.

     

    (c)  At
      the
      time of the transfer and assignment of the Collateral Certificate to the
      Indenture Trustee pursuant to the Indenture, the Issuer owned and had good
      and
      marketable title to the Collateral Certificate free and clear of any lien,
      claim
      or encumbrance of any Person.

     

    (d)  The
      Issuer has caused, within ten days of the execution of the Indenture, the filing
      of all appropriate financing statements in the proper filing office in the
      appropriate jurisdictions under applicable law in order to perfect the security
      interest in the Collateral Certificate granted to the Indenture Trustee pursuant
      to the Indenture.

     

    (e)  Other
      than the security interest granted to the Indenture Trustee pursuant to the
      Indenture, the Issuer has not pledged, assigned, sold, granted a security
      interest in, or otherwise conveyed the Collateral Certificate.  The
      Issuer has not authorized the filing of and is not aware of any financing
      statements against the Issuer that include a description of collateral covering
      the Collateral Certificate other than any financing statement relating to the
      security interest granted to the Indenture Trustee pursuant to the Indenture
      or
      any financing statement that has been terminated.  The Issuer is not
      aware of any judgment or tax lien filings against the Issuer.

     

    (f)  All
      original executed copies of the Collateral Certificate have been delivered
      to
      the Indenture Trustee.

     

    (g)  At
      the
      time of the transfer and assignment of the Collateral Certificate to the
      Indenture Trustee pursuant to the Indenture, the Collateral Certificate had
      no
      marks or notations indicating that it has been pledged, assigned or otherwise
      conveyed to any Person other than the Indenture Trustee.

     

    [END
      OF
      ARTICLE III]

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    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.

    

    

    BA
      CREDIT
      CARD TRUST,

    by
      BA
      CREDIT CARD FUNDING, LLC,

    as
      Beneficiary and not in its individual capacity

    

    

    

    By:  /s/
      Keith W.
      Landis                         

    Name:   Keith
      W.
      Landis

    Title:   Vice
      President

    

    

    

    THE
      BANK
      OF NEW YORK, as Indenture Trustee

    and
      not
      in its individual capacity

    

    

    

    By:  /s/
      Catherine
      Cerilles                       

    Name: 
Catherine
      Cerilles

    Title: 
Vice
      President

    

    

    

     

    

    [Signature
      Page to the Class A(2007-15) Terms Document]

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