Document:

Exhibit 4.1

 

EXECUTION COPY

 

SUPPLEMENTAL INDENTURE NO. 1
TO SERIES 2007-2 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2007-2
INDENTURE SUPPLEMENT, dated as of June 22, 2009 (this “Amendment”),
is between GE Capital Credit Card Master Note Trust, a Delaware statutory
trust, as issuer (the “Issuer”) and Deutsche Bank Trust Company
Americas, a New York banking corporation, as trustee (the “Indenture Trustee”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are
parties to a Master Indenture, dated as of September 25, 2003, as (i) amended
by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9,
2004, among RFS Holding, L.L.C., RFS Funding Trust, the Issuer, Deutsche Bank
Trust Company Delaware, as trustee of RFS Funding Trust, RFS Holding, Inc.
and the Indenture Trustee, the Second Amendment to Master Indenture, dated as
of June 17, 2004, between the Issuer and the Indenture Trustee, the Third
Amendment to Master Indenture, dated as of August 31, 2006, between the
Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture,
dated as of June 28, 2007, between the Issuer and the Indenture Trustee
and the Fifth Amendment to Master Indenture, dated as of May 22, 2008,
between the Issuer and the Indenture Trustee and (ii) supplemented by the Series 2007-2
Indenture Supplement, dated as of March 29, 2007, between the Issuer and
the Indenture Trustee (“the Series 2007-2 Indenture Supplement”),
as amended, the (“Master Indenture”).

 

WHEREAS, the parties hereto desire to amend the Series 2007-2
Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant
to Section 9.1(b) of the Master Indenture, and all conditions
precedent to the execution of this Amendment, as set forth in such Section 9.1(b),
have been satisfied.

 

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

 

SECTION 1.  Definitions.  Capitalized terms defined in the Master
Indenture and used but not otherwise defined herein have the meanings given to
them in the Master Indenture.

 

SECTION 2.  Amendments
to Series 2007-2 Indenture Supplement.

 

(a)                                  The definition of “Collateral Amount” in Section 1.1
of the Series 2007-2 Indenture Supplement is amended in its entirety to
read as follows:

 

“Collateral Amount” means, as of any date of
determination, an amount equal to the excess of (a) the Initial Collateral
Amount, over (b) the sum of (i) the
amount of principal previously paid to the Series 2007-2 Noteholders
(other than any principal payments made from funds on deposit in the Spread
Account), (ii) the aggregate of all reductions in the Collateral Amount
pursuant to the last sentence of Section 4.4(c)(iii), (iii) the
Principal Accumulation Account Balance, and (iv) the excess, if any, of
the aggregate amount of Investor Charge-Offs and Reallocated Principal
Collections over the reimbursements of
such amounts pursuant to Section 4.4(a)(vii)  prior
to such date.

 

 

(b)                                 The reference to “$1,072,000,000” in the
definition of “Initial Collateral Amount” in Section 1.1 of the Series 2007-2
Indenture Supplement is hereby replaced with “$1,161,333,333”.

 

(c)                                  The reference to “$32,160,000” in the
definition of “Initial Excess Collateral Amount” in Section 1.1 of
the Series 2007-2 Indenture Supplement is hereby replaced with “$121,493,333”.

 

(d)                                 The reference to “3.0%” in the first
sentence of the definition of “Required Excess Collateral Amount” in Section 1.1
of the Series 2007-2 Indenture Supplement is hereby replaced with “10.46%”.

 

(e)                                  The definition of “Monthly Principal
Reallocation Amount” in Section 1.1 of the Series 2007-2
Indenture Supplement is amended as follows:

 

(i)                                     The reference to “$201,000,000” in clause
(a) is hereby replaced with “$290,333,333”.

 

(ii)                                  The reference to “$101,840,000” in clause
(b) is hereby replaced with “$191,173,333”.

 

(iii)                               The reference to “$32,160,000” in clause (c) is
hereby replaced with “$121,493,333”.

 

(f)                                    The definition of “Surplus Collateral
Amount” in Section 1.1 of the Series 2007-2 Indenture
Supplement is amended in its entirety to read as follows:

 

“Surplus
Collateral Amount” means, with respect to any Payment Date, the excess, if
any, of the Excess Collateral Amount over the Required Excess Collateral
Amount, in each case calculated after giving effect to any deposits into the
Principal Accumulation Account and payments of principal on such Payment Date,
but before giving effect to any reduction in the Collateral Amount on such
Payment Date pursuant to Section 4.4(c)(iii).

 

(g)                                 The parties hereto agree that the
numerator determined pursuant to clause (a)(i) of the definition of “Allocation
Percentage” in Section 1.1 of the Series 2007-2 Indenture
Supplement only for the Monthly Period beginning on the date hereof shall be
the Collateral Amount calculated as of the end of the first day of such Monthly
Period.

 

SECTION 3.  Binding
Effect; Ratification.

 

(a)                                  This Amendment shall become effective as
of the date first set forth above when counterparts hereof shall have been
executed and delivered by the parties hereto, and thereafter shall be binding
on the parties hereto and their respective successors and assigns.

 

 

(b)                                 The Series 2007-2 Indenture
Supplement, as supplemented hereby, remains in full force and effect.  Any reference to the Series 2007-2
Indenture Supplement from and after the date hereof shall be deemed to refer to
the Series 2007-2 Indenture Supplement as supplemented hereby, unless
otherwise expressly stated.

 

(c)                                  Except as expressly supplemented hereby,
the Series 2007-2 Indenture Supplement shall remain in full force and
effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recouse.  It is expressly understood and agreed by the
parties hereto that (a) this Agreement is executed and delivered by BNY
Mellon Trust of Delaware, not individually or personally but solely as trustee
of the Issuer, in the exercise of the powers and authority conferred and vested
in it, (b) each of the representations, undertakings and agreements herein
made on the part of the Issuer is made and intended not as personal
representations, undertakings and agreements by BNY Mellon Trust of Delaware
but is made and intended for the purpose of binding only the Issuer, (c) nothing
herein contained shall be construed as creating any liability on BNY Mellon
Trust of Delaware, individually or personally, to perform any covenant either
expressed or implied contained herein, all such liability, if any, being
expressly waived by the parties hereto and by any Person claiming by, through
or under the parties hereto and (d) under no circumstances shall BNY
Mellon Trust of Delaware be personally liable for the payment of any indebtedness
or expenses of the Issuer or be liable for the breach or failure of any
obligation, representation, warranty or covenant made or undertaken by the
Issuer under this Agreement or any other related documents.

 

SECTION 5.  Miscellaneous.

 

(a)                                  THIS AMENDMENT AND THE OBLIGATIONS
ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING
TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.

 

(b)                                 Headings used herein are for convenience
of reference only and shall not affect the meaning of this Amendment.

 

(c)                                  This Amendment may be executed in any
number of counterparts, and by the parties hereto on separate counterparts,
each of which shall be an original and all of which taken together shall
constitute one and the same agreement. 
Executed counterparts may be delivered electronically.

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed as of the date first above written.

 

	
   

  	
  GE
  CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer

  
	
   

  	
   

  
	
   

  	
  By:

  	
  BNY
  MELLON TRUST OF DELAWARE, not in its individual capacity, but solely on
  behalf of the Issuer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Kristine K. Gullo

  
	
   

  	
   

  	
  Name:
  Kristine K. Gullo

  
	
   

  	
   

  	
  Title: Vice President

  

 

First
Amendment to Series 2007-2

Indenture
Supplement

 

S-1

 

	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY AMERICAS, not in its individual capacity, but solely as
  the Indenture Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Louis Bodi

  
	
   

  	
   

  	
  Name:
  Louis Bodi

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Mark Esposito

  
	
   

  	
   

  	
  Name: Mark
  Esposito

  
	
   

  	
   

  	
  Title: Associate

  

 

First
Amendment to Series 2007-2

Indenture Supplement

 

S-2Exhibit 4.2

 

EXECUTION COPY

 

SUPPLEMENTAL INDENTURE NO. 1
TO SERIES 2007-4 INDENTURE SUPPLEMENT

 

THIS SUPPLEMENTAL INDENTURE NO. 1 TO SERIES 2007-4
INDENTURE SUPPLEMENT, dated as of June 22, 2009 (this “Amendment”),
is between GE Capital Credit Card Master Note Trust, a Delaware statutory
trust, as issuer (the “Issuer”) and Deutsche Bank Trust Company
Americas, a New York banking corporation, as trustee (the “Indenture Trustee”).

 

BACKGROUND

 

WHEREAS, the Issuer and the Indenture Trustee are
parties to a Master Indenture, dated as of September 25, 2003, as (i) amended
by the Omnibus Amendment No. 1 to Securitization Documents, dated as of February 9,
2004, among RFS Holding, L.L.C., RFS Funding Trust, the Issuer, Deutsche Bank
Trust Company Delaware, as trustee of RFS Funding Trust, RFS Holding, Inc.
and the Indenture Trustee, the Second Amendment to Master Indenture, dated as
of June 17, 2004, between the Issuer and the Indenture Trustee, the Third
Amendment to Master Indenture, dated as of August 31, 2006, between the
Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture,
dated as of June 28, 2007, between the Issuer and the Indenture Trustee
and the Fifth Amendment to Master Indenture, dated as of May 22, 2008,
between the Issuer and the Indenture Trustee and (ii) supplemented by the Series 2007-4
Indenture Supplement, dated as of June 28, 2007, between the Issuer and
the Indenture Trustee (“the Series 2007-4 Indenture Supplement”),
as amended, the (“Master Indenture”).

 

WHEREAS, the parties hereto desire to amend the Series 2007-4
Indenture Supplement as set forth herein; and

 

WHEREAS, this Amendment is being entered into pursuant
to Section 9.1(b) of the Master Indenture, and all conditions
precedent to the execution of this Amendment, as set forth in such Section 9.1(b),
have been satisfied.

 

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

 

SECTION 1.  Definitions.  Capitalized terms defined in the Master
Indenture and used but not otherwise defined herein have the meanings given to
them in the Master Indenture.

 

SECTION 2.  Amendments
to Series 2007-4 Indenture Supplement.

 

(a)                                  The definition of “Collateral Amount” in Section 1.1
of the Series 2007-4 Indenture Supplement is amended in its entirety to
read as follows:

 

“Collateral Amount” means, as of any date of
determination, an amount equal to the excess of (a) the Initial Collateral
Amount, over (b) the sum of (i) the
amount of principal previously paid to the Series 2007-4 Noteholders
(other than any principal payments made from funds on deposit in the Spread
Account), (ii) the aggregate of all reductions in the Collateral Amount
pursuant to the last sentence of Section 4.4(c)(iii), (iii) the
Principal Accumulation Account Balance, and (iv) the excess, if any, of
the aggregate amount of Investor Charge-Offs and Reallocated Principal
Collections over the reimbursements of
such amounts pursuant to Section 4.4(a)(vii)  prior
to such date.

 

 

(b)                                 The reference to “$500,000,000” in the
definition of “Initial Collateral Amount” in Section 1.1 of the Series 2007-4
Indenture Supplement is hereby replaced with “$541,666,667”.

 

(c)                                  The reference to “$15,000,000” in the
definition of “Initial Excess Collateral Amount” in Section 1.1 of
the Series 2007-4 Indenture Supplement is hereby replaced with “$56,666,667”.

 

(d)                                 The reference to “3.0%” in the first
sentence of the definition of “Required Excess Collateral Amount” in Section 1.1
of the Series 2007-4 Indenture Supplement is hereby replaced with “10.46%”.

 

(e)                                  The definition of “Monthly Principal
Reallocation Amount” in Section 1.1 of the Series 2007-4
Indenture Supplement is amended as follows:

 

(i)                                     The reference to “$93,750,000” in clause (a) is
hereby replaced with “$135,416,667”.

 

(ii)                                  The reference to “$47,500,000” in clause (b) is
hereby replaced with “$89,166,667”.

 

(iii)                               The reference to “$15,000,000” in clause (c) is
hereby replaced with “$56,666,667”.

 

(f)                                    The definition of “Surplus Collateral
Amount” in Section 1.1 of the Series 2007-4 Indenture
Supplement is amended in its entirety to read as follows:

 

“Surplus
Collateral Amount” means, with respect to any Payment Date, the excess, if
any, of the Excess Collateral Amount over the Required Excess Collateral
Amount, in each case calculated after giving effect to any deposits into the
Principal Accumulation Account and payments of principal on such Payment Date,
but before giving effect to any reduction in the Collateral Amount on such
Payment Date pursuant to Section 4.4(c)(iii).

 

(g)                                 The parties hereto agree that the
numerator determined pursuant to clause (a)(i) of the definition of “Allocation
Percentage” in Section 1.1 of the Series 2007-4 Indenture
Supplement only for the Monthly Period beginning on the date hereof shall be
the Collateral Amount calculated as of the end of the first day of such Monthly
Period.

 

SECTION 3.  Binding
Effect; Ratification.

 

(a)                                  This Amendment shall become effective as
of the date first set forth above when counterparts hereof shall have been
executed and delivered by the parties hereto, and thereafter shall be binding
on the parties hereto and their respective successors and assigns.

 

 

(b)                                 The Series 2007-4 Indenture
Supplement, as supplemented hereby, remains in full force and effect.  Any reference to the Series 2007-4
Indenture Supplement from and after the date hereof shall be deemed to refer to
the Series 2007-4 Indenture Supplement as supplemented hereby, unless
otherwise expressly stated.

 

(c)                                  Except as expressly supplemented hereby,
the Series 2007-4 Indenture Supplement shall remain in full force and
effect and is hereby ratified and confirmed by the parties hereto.

 

SECTION 4.  No Recouse.  It is expressly understood and agreed by the
parties hereto that (a) this Agreement is executed and delivered by BNY
Mellon Trust of Delaware, not individually or personally but solely as trustee
of the Issuer, in the exercise of the powers and authority conferred and vested
in it, (b) each of the representations, undertakings and agreements herein
made on the part of the Issuer is made and intended not as personal
representations, undertakings and agreements by BNY Mellon Trust of Delaware
but is made and intended for the purpose of binding only the Issuer, (c) nothing
herein contained shall be construed as creating any liability on BNY Mellon
Trust of Delaware, individually or personally, to perform any covenant either
expressed or implied contained herein, all such liability, if any, being
expressly waived by the parties hereto and by any Person claiming by, through
or under the parties hereto and (d) under no circumstances shall BNY
Mellon Trust of Delaware be personally liable for the payment of any
indebtedness or expenses of the Issuer or be liable for the breach or failure
of any obligation, representation, warranty or covenant made or undertaken by
the Issuer under this Agreement or any other related documents.

 

SECTION 5.  Miscellaneous.

 

(a)                                  THIS AMENDMENT AND THE OBLIGATIONS
ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (WITHOUT REGARDING
TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.

 

(b)                                 Headings used herein are for convenience
of reference only and shall not affect the meaning of this Amendment.

 

(c)                                  This Amendment may be executed in any number
of counterparts, and by the parties hereto on separate counterparts, each of
which shall be an original and all of which taken together shall constitute one
and the same agreement.  Executed
counterparts may be delivered electronically.

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Amendment to be duly executed as of the date first above written.

 

 

	
   

  	
  GE
  CAPITAL CREDIT CARD MASTER NOTE TRUST, as Issuer

  
	
   

  	
   

  
	
   

  	
  By:

  	
  BNY
  MELLON TRUST OF DELAWARE, not in its individual capacity, but solely on behalf
  of the Issuer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Kristine K. Gullo

  
	
   

  	
   

  	
  Name:
  Kristine K. Gullo

  
	
   

  	
   

  	
  Title: Vice President

  

 

First
Amendment to Series 2007-4

Indenture
Supplement

 

S-1

 

	
   

  	
  DEUTSCHE
  BANK TRUST COMPANY AMERICAS, not in its individual capacity, but solely as
  the Indenture Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Louis Bodi

  
	
   

  	
   

  	
  Name:
  Louis Bodi

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Mark Esposito

  
	
   

  	
   

  	
  Name: Mark
  Esposito

  
	
   

  	
   

  	
  Title: Associate

  

 

First
Amendment to Series 2007-4

Indenture Supplement

 

S-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]