Document:

EX-4.7

 Exhibit 4.7 
  

 
  

AMENDED FOURTH SUPPLEMENTAL INDENTURE 

between 
 SLM CORPORATION 

and 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS 
 Dated as of December 17, 2004 
  

 
  

 AMENDED FOURTH SUPPLEMENTAL INDENTURE, dated as of December 17, 2004 (this “Amended Fourth
Supplemental Indenture”), between SLM Corporation, a Delaware corporation (the “Company”), and Deutsche Bank Trust Company Americas, as trustee (the “EdNotes Trustee”), which amends the Fourth Supplemental Indenture, dated
as of January 16, 2003 (the “Supplemental Indenture”), between the Company and the EdNotes Trustee, as consented to by JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank) (the “Original Trustee”) for the EdNotes
(defined below) under the Indenture, dated as of October 1, 2000 (the “Base Indenture”, together with this Amended Fourth Supplemental Indenture and the Supplemental Indenture, each as amended or supplemented, collectively the
“Indenture”), between the Company (formerly known as USA Education, Inc.) and the Original Trustee. 
 RECITALS

WHEREAS, the Company executed and delivered the Base Indenture to the Original Trustee to provide for the future issuance of debentures, notes
or other evidences of indebtedness of the Company to be issued from time to time in one or more series as might be determined by the Company under the Indenture, in an unlimited aggregate principal amount which may be authenticated and delivered as
provided in the Base Indenture;
 WHEREAS, pursuant to the terms of the Base Indenture, the Company established a series of senior unsecured
and unsubordinated notes known as the Medium Term Notes of the Company, Series B, due nine months or longer from the date of issue, otherwise known as EdNotesSM (the “EdNotes”) on
January 23, 2003; the form and substance of the EdNotes and the terms, provisions and conditions of the EdNotes are to be set forth in an officers’ certificate under Section 2.02 of the Base Indenture; 

WHEREAS, pursuant to Rule 424(b) of the General Rules and Regulations under the Securities Act, the Company (i) has filed with the Securities
and Exchange Commission a Prospectus and a Prospectus Supplement, each dated January 23, 2003, to Registration Statement (File No. 333-90316) with respect to an offering of up to $2,000,000,000 of the EdNotes and (ii) will file with the Securities
and Exchange Commission a prospectus and a prospectus supplement to Registration Statement (File No. 333-107132) with respect to an offering of up to $3,000,000,000 of the EdNotes; 

WHEREAS, the Company may file additional prospectuses and prospectus supplements to an effective registration statement or registration
statements with respect to additional offerings of the EdNotes in the future; 
 WHEREAS, the Company and the EdNotes Trustee hereby amend
the Fourth Supplemental Indenture by this Amended Fourth Supplemental Indenture; and 
 WHEREAS, all requirements necessary to make this
Amended Fourth Supplemental Indenture a valid instrument in accordance with its terms have been performed, and the execution and delivery of this Amended Fourth Supplemental Indenture have been duly authorized in all respects.

 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which hereby
is acknowledged, the parties covenant and agree as follows:
 Article 4.1 is hereby replaced in its entirety by the following text:

ARTICLE 4 

MISCELLANEOUS 
 4.1
Notices.
 (a) Any notice or communication by the Company or the EdNotes Trustee is duly given if in writing and delivered in person, sent by
facsimile or mailed by certified mail: 
 if to the Company to:

SLM Corporation 
 12061 Bluemont
Way 
 Reston, Virginia 20190 

Attention: Executive Vice President and Chief Executive Officer 

Facsimile No.: 703-984-5673
 if
to the EdNotes Trustee to: 
 Deutsche Bank Trust Company Americas 

60 Wall Street, 27th Floor 

New York, New York 10005 

Attention: Trust & Securities Services 

Facsimile No.: 212-797-8614
 (b)
The Company or the EdNotes Trustee by notice to the others may designate additional or different addresses for subsequent notices or communications. 

[remainder of page left blank intentionally]

  
 -2- 

 IN WITNESS WHEREOF, the parties hereto have caused this Amended Fourth Supplemental Indenture to
be duly executed as of the day and year set forth above.
  

			
	SLM CORPORATION
		
	By:	 	 /s/ John F. Remondi

	Name:	 	John F. Remondi
	Title:	 	Executive Vice President, Finance
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity, but solely as the EdNotes Trustee
		
	By:	 	 /s/ Susan Johnson

	Name:	 	Susan Johnson
	Title:	 	Vice President
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity, but solely as the EdNotes Trustee
		
	By:	 	 /s/ Wanda Camacho

	Name:	 	Wanda Camacho
	Title:	 	Vice PresidentEX-4.8

 Exhibit 4.8 
  

 
  

SECOND AMENDED FOURTH SUPPLEMENTAL INDENTURE 

between 
 SLM CORPORATION 

and 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS 
 Dated as of July 22, 2008 
  

 
  

 SECOND AMENDED FOURTH SUPPLEMENTAL INDENTURE (this “Second Amended Fourth Supplemental
Indenture”), dated as of July 22, 2008, between SLM Corporation, a Delaware corporation (the “Company”), and Deutsche Bank Trust Company Americas, as trustee (the “EdNotes Trustee”), which amends the
Amended Fourth Supplemental Indenture, dated as of December 17, 2004 (the “Amended Fourth Supplemental Indenture”), between the Company and the EdNotes Trustee, which amends the Fourth Supplemental Indenture, dated as of January 16,
2003 (the “Fourth Supplemental Indenture”), between the Company and the EdNotes Trustee, as consented to by JPMorgan Chase Bank, National Association (formerly known as The Chase Manhattan Bank), as the original trustee (the
“Original Trustee”) for the EdNotes (defined below) under the Indenture, dated as of October 1, 2000 (the “Base Indenture”, together with this Second Amended Fourth Supplemental Indenture, the Amended Fourth
Supplemental Indenture and the Fourth Supplemental Indenture, each as amended or supplemented, collectively the “Indenture”), between the Company and The Bank of New York, as successor to JPMorgan Chase Bank, National Association.

 W I T N E S S E T H 

WHEREAS, the Company executed and delivered the Base Indenture to provide for the future issuance of debentures, notes or other evidences of
indebtedness of the Company to be issued from time to time in one or more series as might be determined by the Company under the Indenture, in an unlimited aggregate principal amount which may be authenticated and delivered as provided in the Base
Indenture; 
 WHEREAS, pursuant to the terms of the Base Indenture, the Company established a series of senior unsecured and unsubordinated
notes known as the Medium Term Notes of the Company, Series B, due nine months or longer from the date of issue, otherwise known as EdNotes® (the “EdNotes”) on January 23,
2003; the form and substance of the EdNotes and the terms, provisions and conditions of the EdNotes to be set forth in an officers’ certificate under Section 2.02 of the Base Indenture; 

WHEREAS, the Company (i) has filed with the Securities and Exchange Commission (A) a Prospectus and a Prospectus Supplement, each dated
January 23, 2003, to Registration Statement (File No. 333-90316) with respect to an offering of up to $2,000,000,000 of the EdNotes, (B) a Prospectus and a Prospectus Supplement, each dated January 5, 2005, to Registration Statement (File No.
333-107132) with respect to an offering of up to $3,000,000,000 of the EdNotes, and (C) a Registration Statement (File No. 333-130584) under the Securities Act including a Prospectus dated July 22, 2008 containing a general description of the debt
securities that the Company may offer from time to time, and (ii) will file with the Securities and Exchange Commission a Prospectus Supplement to Registration Statement (File No. 333-130584) with respect to an unlimited aggregate principal amount
of EdNotes; 

  
 1 

 WHEREAS, the Company desires to increase the aggregate principal amount of EdNotes that may be
issued from time to time from $3,000,000,000 to an unlimited aggregate principal amount of EdNotes; 
 WHEREAS, the Company may file
additional prospectuses and prospectus supplements to an effective registration statement or registration statements with respect to additional offerings of the EdNotes in the future; 

WHEREAS, the Company and the EdNotes Trustee hereby amend the Fourth Supplemental Indenture by this Second Amended Fourth Supplemental
Indenture; and 
 WHEREAS, all requirements necessary to make this Second Amended Fourth Supplemental Indenture a valid instrument in
accordance with its terms have been performed, and the execution and delivery of this Second Amended Fourth Supplemental Indenture have been duly authorized in all respects. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Company and the EdNotes Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the EdNotes as follows: 

ARTICLE 1 
 DEFINITIONS

 1.1 Definition of Terms. Capitalized terms used and not otherwise defined in this Second Amended Fourth Supplemental
Indenture have the meanings ascribed to them below:  
 “Amended Fourth Supplemental Indenture” is defined in the
introductory paragraph. 
 “Base Indenture” is defined in the introductory paragraph. 

“Company” is defined in the introductory paragraph. 

“EdNotes” is defined in the recitals. 

“EdNotes Trustee” is defined in the introductory paragraph. 

“Fourth Supplemental Indenture” is defined in the introductory paragraph. 

“Holder” is defined in the Base Indenture. 

“Indenture” is defined in the introductory paragraph. 

“Original Trustee” is defined in the introductory paragraph. 

“Second Amended Fourth Supplemental Indenture” is defined in the introductory paragraph. 

“Trustee” is defined in the Base Indenture. 

“Trust Indenture Act” is the Trust Indenture Act of 1939, as amended. 

  
 2 

 1.2 Other Rules of Construction. For all purposes of this Second Amended Fourth
Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires:  
 (a) capitalized terms
used and not defined in this Second Amended Supplemental Indenture have the meanings assigned to them in the Base Indenture;  
 (b)
all terms used in this Second Amended Supplemental Indenture which are defined in the Trust Indenture Act, whether directly or by reference therein, have the meanings assigned to them in the Trust Indenture Act;  

(c) “or” is not exclusive; 

(d) words in the singular include the plural, and words in the plural include the singular;  

(e) a reference to a Section or Article is to a Section or Article of this Second Amended Supplemental Indenture;  

(f) the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Second Amended
Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; and  
 (g) headings are for
convenience of reference only and do not affect interpretation.  
 ARTICLE 2 

AGGREGATE PRINCIPAL AMOUNT OF EDNOTES 

2.1 Aggregate Principal Amount of EdNotes. The aggregate principal amount of EdNotes that may be authenticated and delivered is
unlimited. The Company is entitled under Section 2.02(b) of the Base Indenture to further reopen the EdNotes by offering additional Securities of the EdNotes. Upon satisfaction of the requirements of Section 2.03 of the Base Indenture, the
EdNotes Trustee shall authenticate EdNotes for original issuance up to an unlimited aggregate principal amount. 

  
 3 

 ARTICLE 3 

MISCELLANEOUS 
 3.1
Notices.  
 (a) Any notice or communication by the Company or the EdNotes Trustee is duly given if in writing and delivered in
person, sent by facsimile or mailed by certified mail: 
 if to the Company to: 

SLM Corporation 
 12061 Bluemont
Way
 Reston, Virginia 20191 

Attention: Senior Vice President

Facsimile No.: 703-984-6586 

if to the EdNotes Trustee to: 

Deutsche Bank Trust Company Americas

60 Wall Street, 27th Floor

New York, New York 10005 

Attention: Trust & Securities Services 

Facsimile No.: 732-578-4635 

with a copy to: 
 Deutsche Bank
National Trust Company, 
 Attention: Trust & Securities Services 

25 DeForest Avenue, 2nd Floor 

Summit, NJ 07901 
 (b) The
Company or the EdNotes Trustee by notice to the others may designate additional or different addresses for subsequent notices or communications. 

3.2 Ratification of Base Indenture; Second Amended Fourth Supplemental Indenture Controls. The Base Indenture, as supplemented by
this Second Amended Fourth Supplemental Indenture, is in all respects ratified and confirmed, and this Second Amended Fourth Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent provided in the Base
Indenture and this Second Amended Fourth Supplemental Indenture. The provisions of this Second Amended Fourth Supplemental Indenture shall supersede the provisions of the Base Indenture in the event and to the extent the Base Indenture is
inconsistent with this Second Amended Fourth Supplemental Indenture. 
 3.3 Trustee Not Responsible for Recitals. The recitals
in this Second Amended Fourth Supplemental Indenture are made by the Company, and the EdNotes Trustee assumes no responsibility for their correctness. Neither the Original Trustee nor the EdNotes Trustee makes any representation as to the
validity or sufficiency of this Second Amended Fourth Supplemental Indenture. 

  
 4 

 3.4 Governing Law. THIS SECOND AMENDED FOURTH SUPPLEMENTAL INDENTURE SHALL BE DEEMED
TO BE A CONTRACT MADE UNDER THE INTERNAL LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. 

3.5 Separability. In case any one or more of the provisions contained in this Second Amended Fourth Supplemental Indenture shall
for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Second Amended Fourth Supplemental Indenture, but this Second Amended Fourth
Supplemental Indenture shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

3.6 Counterparts. This Second Amended Fourth Supplemental Indenture may be executed in any number of counterparts each of which
shall be an original; but such counterparts shall together constitute but one and the same instrument. 
 [remainder of page left blank
intentionally] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Amended Fourth Supplemental
Indenture to be duly executed as of the day and year set forth above. 
  

			
	SLM CORPORATION
		
	By:	 	 /s/ John F. Remondi

	Name:	 	John F. Remondi
	Title:	 	Vice Chairman and Chief Financial Officer
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity, but solely as the EdNotes Trustee
	
	By: DEUTSCHE BANK NATIONAL TRUST COMPANY
		
	By:	 	 /s/ David Contino

	Name:	 	David Contino
	Title:	 	Vice President
		
	By:	 	 /s/ Kenneth R. Ring

	Name:	 	Kenneth R. Ring
	Title:	 	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]