Document:

exv4w2

Exhibit 4.2

AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

OMNIBUS AMENDMENT

TO GROUP I SERIES SUPPLEMENTS

          OMNIBUS AMENDMENT, dated as of October 2, 2009 (this “Amendment”), to the Supplements
(as hereinafter described) to the Pooling and Servicing Agreement, dated as of May 16, 1996, as
amended and restated as of January 1, 2006 (as so amended and restated and in effect on the date
hereof, the “Agreement”), among American Express Receivables Financing Corporation II, a
Delaware corporation (“RFC II”), American Express Receivables Financing Corporation III
LLC, a Delaware limited liability company (“RFC III”), and American Express Receivables
Financing Corporation IV LLC, a Delaware limited liability company (“RFC IV”), as
Transferors, American Express Travel Related Services Company, Inc., a New York corporation
(“TRS”), as Servicer, and The Bank of New York Mellon (formerly The Bank of New York), a
New York banking corporation, as Trustee (the “Trustee”).

RECITALS

          WHEREAS, RFC II, RFC III and RFC IV (or their predecessors in interest, as applicable), as
Transferors, TRS, as Servicer, and the Trustee have previously entered into: (i) the Series 2004-3
Supplement, dated as of June 2, 2004; and (ii) the Series 2006-2 Supplement, dated as of June 14,
2006;

          WHEREAS, the series supplements listed in the preceding paragraph are, collectively and in
each case as amended to date, the “Supplements”;

          WHEREAS, the parties to each of the Supplements now wish to amend the Supplements as set forth
herein;

          WHEREAS, pursuant to Section 13.01(a) of the Agreement, each of RFC II, RFC III and RFC IV has
delivered to the Trustee an Officer’s Certificate, dated the date of this Amendment, stating that
RFC II, RFC III and RFC IV, respectively, reasonably believes that this Amendment will not have an
Adverse Effect; and

          WHEREAS, RFC II, RFC III, RFC IV and the Servicer have satisfied all conditions precedent
contained in the Pooling and Servicing Agreement to entering into this Amendment and this Amendment
is authorized and permitted under the Pooling and Servicing Agreement.

          NOW, THEREFORE, in consideration of the mutual agreements herein contained, and other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, each party
hereto agrees as follows:

 

 

ARTICLE I

DEFINITIONS

          SECTION 1.01. Defined Terms Not Defined Herein. All capitalized terms used herein
that are not defined herein shall have the meanings ascribed to them in the respective Supplements
or the Agreement, as the case may be.

ARTICLE II

AMENDMENTS TO SUPPLEMENTS

          SECTION 2.01. Amendment to Exhibits. Each Supplement shall be amended by deleting
Exhibit C-1 thereto and inserting in its place Exhibit C-1, which shall be in the form attached as
Exhibit C-1 to this Amendment.

ARTICLE III

MISCELLANEOUS

     SECTION 3.01. Ratification of Supplements. As amended by this Amendment, the
Supplements are in all respects ratified and confirmed and each Supplement, as amended by this
Amendment, shall be read, taken and construed as one and the same instrument.

     SECTION 3.02. Counterparts. This Amendment may be executed in two or more
counterparts, and by different parties on separate counterparts, each of which shall be an
original, but all of which shall constitute one and the same instrument.

     SECTION 3.03. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.

     SECTION 3.04. Effectiveness. The amendments provided for by this Amendment shall
become effective as of January 1, 2009 upon receipt by the Trustee of the following, each of which
shall be satisfactory to the Trustee in its sole discretion, except as otherwise provided:

          (a) notification in writing from each of Moody’s and Standard & Poor’s to the effect that the
terms of this Amendment will not result in a reduction or withdrawal of the rating of any
outstanding Series or Class to which it is a Rating Agency;

          (b) an Officer’s Certificate from each Transferor addressed and delivered to the Trustee
certifying that this Amendment shall not have an Adverse Effect;

          (c) an Opinion of Counsel from the Servicer to the Trustee substantially in the form of
Exhibit E-1 to the Agreement; and

 

 

          (d) counterparts of this Amendment, duly executed by the parties hereto.

[Signature page follows.]

 

 

          IN WITNESS WHEREOF, the Transferors, the Servicer and the Trustee have caused this Amendment
to be duly executed by their respective officers as of the day and year first above written.

	 	 	 	 	 
	 	AMERICAN EXPRESS RECEIVABLES 
FINANCING CORPORATION
II,

as a Transferor

 	 
	 	By:  	/s/ Anderson Y. Lee
 	 
	 	 	Name:  	Anderson Y. Lee 	 
	 	 	Title:  	President 	 
	 
	 	AMERICAN EXPRESS RECEIVABLES 
FINANCING CORPORATION
III LLC,

as a Transferor

 	 
	 	By:  	/s/ Scott C. Godderidge
 	 
	 	 	Name:  	Scott C. Godderidge 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	AMERICAN EXPRESS RECEIVABLES 
FINANCING CORPORATION IV
LLC,

as a Transferor

 	 
	 	By:  	/s/ Denise D. Roberts
 	 
	 	 	Name:  	Denise D. Roberts 	 
	 	 	Title:  	President 	 
	 
	 	AMERICAN EXPRESS TRAVEL RELATED 
SERVICES COMPANY,
INC.,

as Servicer

 	 
	 	By:  	/s/ David L. Yowan
 	 
	 	 	Name:  	David L. Yowan 	 
	 	 	Title:  	Treasurer 	 
	 
	 	THE BANK OF NEW YORK MELLON,

as Trustee

 	 
	 	By:  	/s/ Catherine L. Cerilles
 	 
	 	 	Name:  	Catherine L. Cerilles 	 
	 	 	Title:  	Vice President 	 
	 

[Omnibus Amendment to Group I Series Supplements]

 

 

EXHIBIT C-1

FORM OF MONTHLY STATEMENT

AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

SERIES 200[     ]-[     ]

	 	 	 	 	 
	 	 	TRUST
	 	 	TOTALS
	A. TRUST ACTIVITY
	 	 	 	 
	Record Date
	 	 	                    	 
	Number of days in Monthly Period
	 	 	                    	 
	Beginning Number of Accounts
	 	 	                    	 
	Beginning Principal Receivable Balance, including any
Additions, Removals, or Adjustments of Principal Receivables
during the Monthly Period
	 	$	                    	 
	a. Addition of Principal Receivables
	 	$	                    	 
	b. Removal of Principal Receivables
	 	$	                    	 
	c. Adjustments to Principal Receivables
	 	$	                    	 
	Special Funding Account Balance
	 	$	                    	 
	Beginning Total Principal Balance
	 	$	                    	 
	Finance Charge Collections (excluding Recoveries)
	 	$	                    	 
	Collections of Discount Option Receivables
	 	$	                    	 
	Recoveries
	 	$	                    	 
	Total Collections of Finance Charge Receivables
	 	$	                    	 
	Total Collections of Principal Receivables
	 	$	                    	 
	Monthly Payment Rate
	 	 	                    	%
	Defaulted Amount
	 	$	                    	 
	Annualized Default Rate
	 	 	                    	%
	Annualized Default Rate, Net of Recoveries
	 	 	                    	%
	Trust Portfolio Yield
	 	 	                    	%
	New Principal Receivables
	 	$	                    	 
	Ending Number of Accounts
	 	 	                    	 
	Ending Principal Receivables Balance
	 	$	                    	 
	Ending Required Minimum Principal Balance
	 	$	                    	 
	Ending Transferor Amount
	 	$	                    	 
	Ending Special Funding Account Balance
	 	$	                    	 
	Ending Total Principal Balance
	 	$	                    	 
	 
	 	 	 	 
	B. SERIES ALLOCATIONS
	 	 	 	 
	Group Number
	 	 	                    	 
	Invested Amount
	 	$	                    	 
	Adjusted Invested Amount
	 	$	                    	 
	Principal Funding Account Balance
	 	$	                    	 
	Series Required Transferor Amount
	 	$	                    	 
	Series Allocation Percentage
	 	 	                    	%
	Series Allocable Finance Charge Collections
	 	$	                    	 

C-1-1

 

	 	 	 	 	 
	 	 	TRUST
	 	 	TOTALS
	Series Allocable Recoveries
	 	$	                    	 
	Series Allocable Principal Collections
	 	$	                    	 
	Series Allocable Defaulted Amount
	 	$	                    	 
	 
	 	 	 	 
	C. GROUP ALLOCATIONS
	 	 	 	 
	Group Number
	 	 	                    	 
	Invested Amount
	 	$	                    	 
	Investor Finance Charge Collections
	 	$	                    	 
	Investor Monthly Interest
	 	$	                    	 
	Investor Default Amount
	 	$	                    	 
	Investor Monthly Fees
	 	$	                    	 
	Investor Additional Amounts
	 	$	                    	 
	Total
	 	$	                    	 
	Reallocated Investor Finance Charge Collections
	 	$	                    	 
	Investment Funding Account Proceeds
	 	$	                    	 
	Available Excess
	 	$	                    	 
	Group Investor Finance Charge Collections
	 	$	                    	 
	Group Expenses
	 	$	                    	 
	Group Reallocable Investor Finance Charge Collections
	 	$	                    	 
	 
	 	 	 	 
	D. TRUST PERFORMANCE
	 	 	 	 
	Delinquencies
	 	 	 	 
	31-60 Days Delinquent
	 	 	                    	 
	61-90 Days Delinquent
	 	 	                    	 
	90+ Days Delinquent
	 	 	                    	 
	Total 30+ Days Delinquent
	 	 	                    	 

C-1-2

 

SERIES 200[     ]-[     ] CERTIFICATES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	A. INVESTOR/	 	 	 	 	 	 
	TRANSFEROR	 	SERIES	 	TOTAL INVESTOR	 	TRANSFERORS’
	ALLOCATIONS	 	ALLOCATIONS	 	INTEREST	 	INTEREST
	Beginning Invested
Amount/Transferor Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Beginning Adjusted
Invested Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Floating Allocation
Percentage
	 	 	                    	%	 	 	                    	%	 	 	                    	%
	Principal Allocation
Percentage
	 	 	                    	%	 	 	                    	%	 	 	                    	%
	Collections of Finance
Charge Receivables
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Collections of Principal
Receivables
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Defaulted Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Ending Invested
Amount/Transferor Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. MONTHLY PERIOD FUNDING	 	 	 	 	 	 	 	 	 	COLLATERAL	 	 
	REQUIREMENTS	 	CLASS A	 	CLASS B	 	INTEREST	 	TOTAL
	Principal Funding Account
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investment Proceeds for
Monthly Period
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Opening
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Investment
Proceeds retained per
Section 4.12(b)
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Deposit
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Draw Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Surplus
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Closing
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Required Reserve Account
Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	LIBOR Determination Date
	 	 	                    	 	 	 	                    	 	 	 	                    	 	 	 	 	 
	Coupon (__/__/__ to
__/__/__)
	 	 	                    	%	 	 	                    	%	 	 	                    	%	 	 	                    	%
	Monthly Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Outstanding Monthly
Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Additional Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 

C-1-3

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. MONTHLY PERIOD FUNDING	 	 	 	 	 	 	 	 	 	COLLATERAL	 	 
	REQUIREMENTS	 	CLASS A	 	CLASS B	 	INTEREST	 	TOTAL
	Total Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investor Default Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investor Monthly Fees Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investor Additional
Amounts Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Total Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reallocated
Investor Finance Charge Collections
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	                    	 
	
Interest and Principal Funding Investment
Proceeds
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	                    	 
	Interest on Reserve Account
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	                    	 
	Series Adjusted Portfolio
Yield
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	                    	%
	Base Rate
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	                    	%
	Excess Spread Percentage
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	                    	%

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	C. CERTIFICATES	 	 	 	 	 	 	 	 	 	COLLATERAL	 	 
	BALANCES AND DISTRIBUTIONS	 	CLASS A	 	CLASS B	 	INTEREST	 	TOTAL
	Beginning Certificates
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Distributions of Interest
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Deposits to the Principal
Funding Account
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Distributions of Principal
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Total Distributions
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Ending Certificates Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 

C-1-4

 

	 	 	 	 	 	 	 	 	 
	D)	 	 	Information regarding distributions on
the Distribution Date in respect of the Class A
Certificates per $1,000 original certificate principal
amount.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount of
the distribution:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
distribution in respect of Class A Monthly
Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The amount of the
distribution in respect of Class A Outstanding
Monthly Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount of the
distribution in respect of Class A Additional
Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount of the
distribution in respect of principal of the
Class A Certificates:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	E)	 	 	Class A Investor Charge-Offs and
Reimbursement of Class A Investor Charge-Offs.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount of
Class A Investor Charge-Offs:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of Class A
Investor Charge-Offs per $1,000 original
certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The total amount
reimbursed in respect of Class A Investor
Charge-Offs:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount reimbursed
in respect of Class A Investor Charge-Offs per
$1,000 original certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount, if any, by
which the outstanding principal balance of the
Class A Certificates exceeds the Class A
Invested Amount after giving effect to all
transactions on such Distribution Date:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	F)	 	 	Information regarding distributions in
respect of the Class B Certificates, per $1,000
original certificate principal amount.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount of
the distribution in respect of Class B
Certificates:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
distribution in respect of Class B Monthly
Interest:
	 	$                    

C-1-5

 

	 	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The amount of the
distribution in respect of Class B Outstanding
Monthly Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount of the
distribution in respect of Class B Additional
Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount of the
distribution in respect of principal of the
Class B Certificates:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	G)	 	 	Amount of reductions in Class B
Invested Amount pursuant to clauses (c), (d), and (e)
of the definition of Class B Invested Amount on such
Distribution Date.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The amount of
reductions in Class B Invested Amount pursuant
to clauses (c), (d) and (e) of the definition
of Class B Invested Amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
reductions in the Class B Invested Amount per
$1,000 original certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The total amount
reimbursed in respect of such reductions in
the Class B Invested Amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount reimbursed
in respect of such reductions in the Class B
Invested Amount, per $1,000 original
certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount, if any, by
which the outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to all
transactions on such Distribution Date:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	H)	 	 	Information regarding distributions on
the Distribution Date to the Collateral Interest
Holder.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount
distributed to the Collateral Interest Holder:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
distribution in respect of Collateral Minimum
Monthly Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The amount of the
distribution in respect of Collateral
Additional Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount distributed
to the Collateral Interest Holder in respect
of principal on the Collateral Invested
Amount:
	 	$                    

C-1-6

 

	 	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount of the
distribution to the Collateral Interest Holder
in respect of remaining Excess Spread:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	I)	 	 	Amount of reductions in Collateral
Invested Amount pursuant to clauses (c), (d), and (e)
of the definition of Collateral Invested Amount.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The amount of
reductions in the Collateral Invested Amount
pursuant to clauses (c), (d) and (e) of the
definition of Collateral Invested Amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The total amount
reimbursed in respect of such reductions in
the Collateral Invested Amount:
	 	$                    

C-1-7

 

	 	 	 	 	 
	J. APPLICATION OF REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS
	 	 	 	 
	1. CLASS A AVAILABLE FUNDS
	 	$	                    	 
	a. Class A Monthly Interest
	 	$	                    	 
	b. Class A Outstanding Monthly Interest
	 	$	                    	 
	c. Class A Additional Interest
	 	$	                    	 
	d. Class A Investor Default Amount (treated as
Available Principal Collections)
	 	$	                    	 
	e. Excess Spread
	 	$	                    	 
	2. CLASS B AVAILABLE FUNDS
	 	$	                    	 
	a. Class B Monthly Interest
	 	$	                    	 
	b. Class B Outstanding Monthly Interest
	 	$	                    	 
	c. Class B Additional Interest
	 	$	                    	 
	d. Excess Spread
	 	$	                    	 
	3. COLLATERAL AVAILABLE FUNDS
	 	$	                    	 
	a. Excess Spread
	 	$	                    	 
	4. TOTAL EXCESS SPREAD
	 	$	                    	 
	 
	 	 	 	 
	K. REALLOCATED PRINCIPAL COLLECTIONS
	 	 	 	 
	1. Principal Allocation Percentage
	 	 	                    	%
	2. Series 200[_]-[_] Allocable Principal Collections
	 	$	                    	 
	3. Principal Allocation Percentage of Series
200[_]-[_] Allocable Principal Collections
	 	$	                    	 
	4. Reallocated Principal Collections Required to fund the
Required Amount
	 	$	                    	 
	5. Item 3 minus Item 4
	 	$	                    	 
	6. Shared Principal Collections from other Series allocated to
Series 200[_]-[_]
	 	$	                    	 
	7. Other amounts treated as Available Principal Collections
	 	$	                    	 
	8. Available Principal Collections (total of items 5, 6 and 7)
	 	$	                    	 
	 
	 	 	 	 
	L. APPLICATION OF AVAILABLE PRINCIPAL COLLECTIONS DURING
REVOLVING PERIOD
	 	 	 	 
	1. Collateral Invested Amount
	 	$	                    	 
	2. Required Collateral Invested Amount
	 	$	                    	 
	3. Excess of Collateral Invested Amount over Required Collateral
Invested Amount
	 	$	                    	 
	4. Treated as Shared Principal Collections
	 	$	                    	 
	 
	 	 	 	 
	M. APPLICATION OF PRINCIPAL COLLECTIONS DURING ACCUMULATION
OR AMORTIZATION PERIOD
	 	 	 	 
	1. Principal Funding Account
	 	$	                    	 
	2. Excess of Collateral Invested Amount over Required Collateral
Invested Amount
	 	$	                    	 

C-1-8

 

	 	 	 	 	 
	3. Distribution of Principal
	 	$	                    	 
	4. Treated as Shared Principal Collections
	 	$	                    	 
	 
	 	 	 	 
	N.1. APPLICATION OF EXCESS SPREAD AND EXCESS FINANCE CHARGE
COLLECTIONS ALLOCATED TO SERIES
200[_]-[_]
	 	 	 	 
	1. Excess Spread
	 	$	                    	 
	2. Excess Finance Charge Collections
	 	$	                    	 
	3. Applied to fund Class A Required Amount
	 	$	                    	 
	4. Class A Investor Charge-Offs treated as Available Principal
Collections
	 	$	                    	 
	5. Applied to fund overdue Class B Interest
	 	$	                    	 
	6. Applied to fund Class B Required Amount
	 	$	                    	 
	7. Reduction of Class B Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	8. Applied to Collateral Minimum Monthly Interest
	 	$	                    	 
	9. Applied to unpaid Monthly Servicing Fee
	 	$	                    	 
	10. Collateral Default Amount treated as Available Principal
Collections
	 	$	                    	 
	11. Reduction of Collateral Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	12. Deposited to Reserve Account
	 	$	                    	 
	13. Remaining Excess Spread distributed to Collateral Interest
Holder(s)
	 	$	                    	 
	 
	 	 	 	 
	N.2. APPLICATION OF EXCESS SPREAD, EXCESS FINANCE CHARGE
COLLECTIONS AND FUNDS FROM SERIES
2009-D-I ALLOCATED TO SERIES 200[_]-[_]
	 	 	 	 
	1. Excess Spread
	 	$	                    	 
	2. Excess Finance Charge Collections
	 	$	                    	 
	3. Funds from Series 2009-D-I
	 	 	 	 
	4. Applied to fund Class A Required Amount
	 	$	                    	 
	5. Class A Investor Charge-Offs treated as Available Principal
Collections
	 	$	                    	 
	6. Applied to fund overdue Class B Interest
	 	$	                    	 
	7. Applied to fund Class B Required Amount
	 	$	                    	 
	8. Reduction of Class B Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	9. Applied to Collateral Minimum Monthly Interest
	 	$	                    	 
	10. Applied to unpaid Monthly Servicing Fee
	 	$	                    	 
	11. Collateral Default Amount treated as Available Principal
Collections
	 	$	                    	 
	12. Reduction of Collateral Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	13. Deposited to Reserve Account
	 	$	                    	 
	14. Remaining Excess Spread distributed to Collateral Interest
Holder(s)
	 	$	                    	 

C-1-9

 

	 	 	 	 	 
	O. YIELD AND BASE RATE
	 	 	 	 
	1. Base Rate
	 	 	 	 
	a. Current Monthly Period
	 	 	                    	%
	b. Prior Monthly Period
	 	 	                    	%
	c. Second Prior Monthly Period
	 	 	                    	%
	2. Three Month Average Base Rate
	 	 	                    	%
	3. Series Adjusted Portfolio
Yield
	 	 	 	 
	a. Current Monthly Period
	 	 	                    	%
	b. Prior Monthly Period
	 	 	                    	%
	c. Second Prior Monthly Period
	 	 	                    	%
	4. Three Month average Series Adjusted Portfolio
Yield
	 	 	                    	%
	5. Is the 3 month average Series Adjusted Portfolio
Yield more than the 3 month
average Base Rate?
	 	[Yes/No]

C-1-10exv4w3

Exhibit 4.3

AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

OMNIBUS AMENDMENT

TO GROUP II SERIES SUPPLEMENTS

          OMNIBUS AMENDMENT, dated as of October 2, 2009 (this “Amendment”), to the Supplements
(as hereinafter described) to the Pooling and Servicing Agreement, dated as of May 16, 1996, as
amended and restated as of January 1, 2006 (as so amended and restated and in effect on the date
hereof, the “Agreement”), among American Express Receivables Financing Corporation II, a
Delaware corporation (“RFC II”), American Express Receivables Financing Corporation III
LLC, a Delaware limited liability company (“RFC III”), and American Express Receivables
Financing Corporation IV LLC, a Delaware limited liability company (“RFC IV”), as
Transferors, American Express Travel Related Services Company, Inc., a New York corporation
(“TRS”), as Servicer, and The Bank of New York Mellon (formerly The Bank of New York), a
New York banking corporation, as Trustee (the “Trustee”).

RECITALS

          WHEREAS, RFC II, RFC III and RFC IV (or their predecessors in interest, as applicable), as
Transferors, TRS, as Servicer, and the Trustee have previously entered into: (i) the Series 2002-5
Supplement, dated as of July 17, 2002; (ii) the Series 2004-1 Supplement, dated as of March 1,
2004; (iii) the Series 2004-2 Supplement, dated as of June 2, 2004; (iv) the Series 2004-4
Supplement, dated as of August 17, 2004; (v) the Series 2004-5 Supplement, dated as of September
23, 2004; (vi) the Series 2005-1 Supplement, dated as of March 24, 2005; (vii) the Series 2005-2
Supplement, dated as of March 24, 2005; (viii) the Series 2005-4 Supplement, dated as of June 17,
2005; (ix) the Series 2005-5 Supplement, dated as of July 21, 2005; (x) the Series 2005-7
Supplement, dated as of August 18, 2005; (xi) the Series 2005-8 Supplement, dated as of November
22, 2005; (xii) the Series 2006-A Supplement, dated as of February 15, 2006; (xiii) the Series
2006-B Supplement, dated as of February 15, 2006; (xiv) the Series 2006-1 Supplement, dated as of
June 14, 2006; (xv) the Series 2006-3 Supplement, dated as of August 15, 2006; (xvi) the Series
2007-1 Supplement, dated as of February 14, 2007; (xvii) the Series 2007-2 Supplement, dated as of
February 14, 2007; (xviii) the Series 2007-3 Supplement, dated as of March 21, 2007; (xix) the
Series 2007-4 Supplement, dated as of May 17, 2007; (xx) the Series 2007-5 Supplement, dated as of
May 17, 2007; (xxi) the Series 2007-6 Supplement, dated as of July 24, 2007; (xxii) the Series
2007-7 Supplement, dated as of July 24, 2007; (xxiii) the Series 2007-8 Supplement, dated as of
October 15, 2007; (xxiv) the Series 2008-1 Supplement, dated as of January 24, 2008; (xxv) the
Series 2008-2 Supplement, dated as of February 22, 2008; (xxvi) the Series 2008-3 Supplement, dated
as of April 17, 2008; (xxvii) the Series 2008-4 Supplement, dated as of April 17, 2008; (xxviii)
the Series 2008-5 Supplement, dated as of June 12, 2008; (xxix) the Series 2008-6 Supplement, dated as of July 24, 2008; (xxx) the Series
2008-7 Supplement, dated as of August 15, 2008; (xxxi) the Series 2008-8 Supplement, dated as of
September 18, 2008, and (xxxii) the Series 2008-9 Supplement, dated as of September 18, 2008;

 

 

          WHEREAS, the series supplements listed in the preceding paragraph are, collectively and in
each case as amended to date, the “Supplements”;

          WHEREAS, the parties to each of the Supplements now wish to amend the Supplements as set forth
herein;

          WHEREAS, pursuant to Section 13.01(a) of the Agreement, each of RFC II, RFC III and RFC IV has
delivered to the Trustee an Officer’s Certificate, dated the date of this Amendment, stating that
RFC II, RFC III and RFC IV, respectively, reasonably believes that this Amendment will not have an
Adverse Effect; and

          WHEREAS, RFC II, RFC III, RFC IV and the Servicer have satisfied all conditions precedent
contained in the Pooling and Servicing Agreement to entering into this Amendment and this Amendment
is authorized and permitted under the Pooling and Servicing Agreement.

          NOW, THEREFORE, in consideration of the mutual agreements herein contained, and other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, each party
hereto agrees as follows:

ARTICLE I

DEFINITIONS

          SECTION 1.01. Defined Terms Not Defined Herein. All capitalized terms used herein
that are not defined herein shall have the meanings ascribed to them in the respective Supplements
or the Agreement, as the case may be.

ARTICLE II

AMENDMENTS TO SUPPLEMENTS

          SECTION 2.01. Amendment to Exhibits. Each Supplement shall be amended by deleting
Exhibit C-1 thereto and inserting in its place Exhibit C-1, which shall be in the form attached as
Exhibit C-1 to this Amendment.

ARTICLE III

MISCELLANEOUS

          SECTION 3.01. Ratification of Supplements. As amended by this Amendment, the
Supplements are in all respects ratified and confirmed and each Supplement, as amended by this
Amendment, shall be read, taken and construed as one and the same instrument.

          SECTION 3.02. Counterparts. This Amendment may be executed in two or more
counterparts, and by different parties on separate counterparts, each of which shall be an
original, but all of which shall constitute one and the same instrument.

 

 

     SECTION 3.03. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.

     SECTION 3.04. Effectiveness. The amendments provided for by this Amendment shall
become effective as of January 1, 2009 upon receipt by the Trustee of the following, each of which
shall be satisfactory to the Trustee in its sole discretion, except as otherwise provided:

          (a) notification in writing from each of Moody’s and Standard & Poor’s to the effect that the
terms of this Amendment will not result in a reduction or withdrawal of the rating of any
outstanding Series or Class to which it is a Rating Agency;

          (b) an Officer’s Certificate from each Transferor addressed and delivered to the Trustee
certifying that this Amendment shall not have an Adverse Effect;

          (c) an Opinion of Counsel from the Servicer to the Trustee substantially in the form of
Exhibit E-1 to the Agreement; and

          (d) counterparts of this Amendment, duly executed by the parties hereto.

[Signature page follows.]

 

 

          IN WITNESS WHEREOF, the Transferors, the Servicer and the Trustee have caused this Amendment
to be duly executed by their respective officers as of the day and year first above written.

	 	 	 	 	 
	 	AMERICAN EXPRESS RECEIVABLES

FINANCING CORPORATION II,

as a Transferor

 	 
	 	By:  	/s/ Anderson Y. Lee
 	 
	 	 	Name:  	Anderson Y. Lee 	 
	 	 	Title:  	President 	 
	 
	 	AMERICAN EXPRESS RECEIVABLES

FINANCING CORPORATION III LLC,

as a Transferor

 	 
	 	By:  	/s/ Scott C. Godderidge
 	 
	 	 	Name:  	Scott C. Godderidge 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	AMERICAN EXPRESS RECEIVABLES

FINANCING CORPORATION IV LLC,

as a Transferor

 	 
	 	By:  	/s/ Denise D. Roberts
 	 
	 	 	Name:  	Denise D. Roberts 	 
	 	 	Title:  	President 	 
	 
	 	AMERICAN EXPRESS TRAVEL RELATED

SERVICES COMPANY, INC.,

as Servicer

 	 
	 	By:  	/s/ David L. Yowan
 	 
	 	 	Name:  	David L. Yowan 	 
	 	 	Title:  	Treasurer 	 
	 
	 	THE BANK OF NEW YORK MELLON,

as Trustee

 	 
	 	By:  	/s/ Catherine L. Cerilles
 	 
	 	 	Name:  	Catherine L. Cerilles 	 
	 	 	Title:  	Vice President 	 
	 

[Omnibus Amendment to Group II Series Supplements]

 

 

EXHIBIT C-1

FORM OF MONTHLY STATEMENT

AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

SERIES 200[_]-[_]

	 	 	 	 	 
	 	 	TRUST
	 	 	TOTALS
	A. TRUST ACTIVITY
	 	 	 	 
	Record Date
	 	 	                    	 
	Number of days in Monthly Period
	 	 	                    	 
	Beginning Number of Accounts
	 	 	                    	 
	Beginning Principal Receivable Balance, including any
Additions, Removals, or Adjustments of Principal Receivables
during the Monthly Period
	 	$	                    	 
	a. Addition of Principal Receivables
	 	$	                    	 
	b. Removal of Principal Receivables
	 	$	                    	 
	c. Adjustments to Principal Receivables
	 	$	                    	 
	Special Funding Account Balance
	 	$	                    	 
	Beginning Total Principal Balance
	 	$	                    	 
	Finance Charge Collections (excluding Recoveries)
	 	$	                    	 
	Collections of Discount Option Receivables
	 	$	                    	 
	Recoveries
	 	$	                    	 
	Total Collections of Finance Charge Receivables
	 	$	                    	 
	Total Collections of Principal Receivables
	 	$	                    	 
	Monthly Payment Rate
	 	 	                    	%
	Defaulted Amount
	 	$	                    	 
	Annualized Default Rate
	 	 	                    	%
	Annualized Default Rate, Net of Recoveries
	 	 	                    	%
	Trust Portfolio Yield
	 	 	                    	%
	New Principal Receivables
	 	$	                    	 
	Ending Number of Accounts
	 	 	                    	 
	Ending Principal Receivables Balance
	 	$	                    	 
	Ending Required Minimum Principal Balance
	 	$	                    	 
	Ending Transferor Amount
	 	$	                    	 
	Ending Special Funding Account Balance
	 	$	                    	 
	Ending Total Principal Balance
	 	$	                    	 
	 
	 	 	 	 
	B. SERIES ALLOCATIONS
	 	 	 	 
	Group Number
	 	 	                    	 
	Invested Amount
	 	$	                    	 
	Adjusted Invested Amount
	 	$	                    	 
	Principal Funding Account Balance
	 	$	                    	 
	Series Required Transferor Amount
	 	$	                    	 
	Series Allocation Percentage
	 	 	                    	%
	Series Allocable Finance Charge Collections
	 	$	                    	 

C-1-1

 

	 	 	 	 	 
	 	 	TRUST
	 	 	TOTALS
	Series Allocable Recoveries
	 	$	                    	 
	Series Allocable Principal Collections
	 	$	                    	 
	Series Allocable Defaulted Amount
	 	$	                    	 
	 
	 	 	 	 
	C. GROUP ALLOCATIONS
	 	 	 	 
	Group Number
	 	 	                    	 
	Invested Amount
	 	$	                    	 
	Investor Finance Charge Collections
	 	$	                    	 
	Investor Monthly Interest
	 	$	                    	 
	Investor Default Amount
	 	$	                    	 
	Investor Monthly Fees
	 	$	                    	 
	Investor Additional Amounts
	 	$	                    	 
	Total
	 	$	                    	 
	Reallocated Investor Finance Charge Collections
	 	$	                    	 
	Investment Funding Account Proceeds
	 	$	                    	 
	Available Excess
	 	$	                    	 
	Group Investor Finance Charge Collections
	 	$	                    	 
	Group Expenses
	 	$	                    	 
	Group Reallocable Investor Finance Charge Collections
	 	$	                    	 
	 
	 	 	 	 
	D. TRUST PERFORMANCE
	 	 	 	 
	Delinquencies
	 	 	 	 
	31-60 Days Delinquent
	 	 	                    	 
	61-90 Days Delinquent
	 	 	                    	 
	90+ Days Delinquent
	 	 	                    	 
	Total 30+ Days Delinquent
	 	 	                    	 

C-1-2

 

SERIES 200[_]-[_] CERTIFICATES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	A. INVESTOR/	 	 	 	 	 	 
	TRANSFEROR	 	SERIES	 	TOTAL INVESTOR	 	TRANSFERORS’
	ALLOCATIONS	 	ALLOCATIONS	 	INTEREST	 	INTEREST
	Beginning Invested
Amount/Transferor Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Beginning Adjusted
Invested Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Floating Allocation
Percentage
	 	 	                    	%	 	 	                    	%	 	 	                    	%
	Principal Allocation
Percentage
	 	 	                    	%	 	 	                    	%	 	 	                    	%
	Collections of Finance
Charge Receivables
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Collections of Principal
Receivables
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Defaulted Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Ending Invested
Amount/Transferor Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. MONTHLY PERIOD FUNDING	 	 	 	 	 	 	 	 	 	COLLATERAL	 	 	 	 
	REQUIREMENTS	 	CLASS A	 	 	CLASS B	 	 	INTEREST	 	 	TOTAL	 
	Principal Funding Account
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investment Proceeds for
Monthly Period
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Opening
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Investment
Proceeds retained per
Section 4.12(b)
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Deposit
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Draw Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Surplus
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reserve Account Closing
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Required Reserve Account
Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	LIBOR Determination Date
	 	 	                    	 	 	 	                    	 	 	 	                    	 	 	 	 	 
	Coupon (__/__/__ to
__/__/__)
	 	 	                    	%	 	 	                    	%	 	 	                    	%	 	 	                    	%
	Monthly Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Outstanding Monthly
Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Additional Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 

C-1-3

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. MONTHLY PERIOD FUNDING	 	 	 	 	 	 	 	 	 	COLLATERAL	 	 	 	 
	REQUIREMENTS	 	CLASS A	 	 	CLASS B	 	 	INTEREST	 	 	TOTAL	 
	Total Interest Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investor Default Amount
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investor Monthly Fees Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Investor Additional
Amounts Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Total Due
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Reallocated Investor
Finance Charge Collections
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	                    	 
	Interest and Principal
Funding Investment
Proceeds
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	                    	 
	Interest on Reserve Account
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	                    	 
	Series Adjusted Portfolio
Yield
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	                    	%
	Base Rate
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	                    	%
	Excess Spread Percentage
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	                    	%

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	C. CERTIFICATES —	 	 	 	 	 	 	 	 	 	COLLATERAL	 	 
	BALANCES AND DISTRIBUTIONS	 	CLASS A	 	CLASS B	 	INTEREST	 	TOTAL
	Beginning Certificates
Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Distributions of Interest
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Deposits to the Principal
Funding Account
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Distributions of Principal
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Total Distributions
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 
	Ending Certificates Balance
	 	$	                    	 	 	$	                    	 	 	$	                    	 	 	$	                    	 

C-1-4

 

	 	 	 	 	 	 	 	 	 
	D)	 	 	Information regarding distributions on
the Distribution Date in respect of the Class A
Certificates per $1,000 original certificate principal
amount.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount of
the distribution:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
distribution in respect of Class A Monthly
Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The amount of the
distribution in respect of Class A Outstanding
Monthly Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount of the
distribution in respect of Class A Additional
Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount of the
distribution in respect of principal of the
Class A Certificates:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	E)	 	 	Class A Investor Charge-Offs and
Reimbursement of Class A Investor Charge-Offs.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount of
Class A Investor Charge-Offs:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of Class A
Investor Charge-Offs per $1,000 original
certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The total amount
reimbursed in respect of Class A Investor
Charge-Offs:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount reimbursed
in respect of Class A Investor Charge-Offs per
$1,000 original certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount, if any, by
which the outstanding principal balance of the
Class A Certificates exceeds the Class A
Invested Amount after giving effect to all
transactions on such Distribution Date:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	F)	 	 	Information regarding distributions in
respect of the Class B Certificates, per $1,000
original certificate principal amount.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount of
the distribution in respect of Class B
Certificates:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
distribution in respect of Class B Monthly
Interest:
	 	$                    

C-1-5

 

	 	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The amount of the
distribution in respect of Class B Outstanding
Monthly Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount of the
distribution in respect of Class B Additional
Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount of the
distribution in respect of principal of the
Class B Certificates:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	G)	 	 	Amount of reductions in Class B
Invested Amount pursuant to clauses (c), (d), and (e)
of the definition of Class B Invested Amount on such
Distribution Date.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The amount of
reductions in Class B Invested Amount pursuant
to clauses (c), (d) and (e) of the definition
of Class B Invested Amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
reductions in the Class B Invested Amount per
$1,000 original certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The total amount
reimbursed in respect of such reductions in
the Class B Invested Amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount reimbursed
in respect of such reductions in the Class B
Invested Amount, per $1,000 original
certificate principal amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount, if any, by
which the outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to all
transactions on such Distribution Date:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	H)	 	 	Information regarding distributions on
the Distribution Date to the Collateral Interest
Holder.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The total amount
distributed to the Collateral Interest Holder:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The amount of the
distribution in respect of Collateral Minimum
Monthly Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	The amount of the
distribution in respect of Collateral
Additional Interest:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	The amount distributed
to the Collateral Interest Holder in respect
of principal on the Collateral Invested
Amount:
	 	$                    

C-1-6

 

	 	 	 	 	 	 	 	 	 
	 

	 	 	(5	)	 	The amount of the
distribution to the Collateral Interest Holder
in respect of remaining Excess Spread:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	I)	 	 	Amount of reductions in Collateral
Invested Amount pursuant to clauses (c), (d), and (e)
of the definition of Collateral Invested Amount.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(1	)	 	The amount of
reductions in the Collateral Invested Amount
pursuant to clauses (c), (d) and (e) of the
definition of Collateral Invested Amount:
	 	$                    
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	The total amount
reimbursed in respect of such reductions in
the Collateral Invested Amount:
	 	$                    

C-1-7

 

	 	 	 	 	 
	J. APPLICATION OF REALLOCATED INVESTOR FINANCE CHARGE COLLECTIONS
	 	 	 	 
	1. CLASS A AVAILABLE FUNDS
	 	$	                    	 
	a. Class A Monthly Interest
	 	$	                    	 
	b. Class A Outstanding Monthly Interest
	 	$	                    	 
	c. Class A Additional Interest
	 	$	                    	 
	d. Class A Investor Default Amount (treated as
Available Principal Collections)
	 	$	                    	 
	e. Excess Spread
	 	$	                    	 
	2. CLASS B AVAILABLE FUNDS
	 	$	                    	 
	a. Class B Monthly Interest
	 	$	                    	 
	b. Class B Outstanding Monthly Interest
	 	$	                    	 
	c. Class B Additional Interest
	 	$	                    	 
	d. Excess Spread
	 	$	                    	 
	3. COLLATERAL AVAILABLE FUNDS
	 	$	                    	 
	a. Excess Spread
	 	$	                    	 
	4. TOTAL EXCESS SPREAD
	 	$	                    	 
	 
	 	 	 	 
	K. REALLOCATED PRINCIPAL COLLECTIONS
	 	 	 	 
	1. Principal Allocation Percentage
	 	 	                    	%
	2. Series 200[_]-[_] Allocable Principal Collections
	 	$	                    	 
	3. Principal Allocation Percentage of Series
200[_]-[_] Allocable Principal Collections
	 	$	                    	 
	4. Reallocated Principal Collections Required to fund the
Required Amount
	 	$	                    	 
	5. Item 3 minus Item 4
	 	$	                    	 
	6. Shared Principal Collections from other Series allocated to
Series 200[_]-[_]
	 	$	                    	 
	7. Other amounts treated as Available Principal Collections
	 	$	                    	 
	8. Available Principal Collections (total of items 5, 6 and 7)
	 	$	                    	 
	 
	 	 	 	 
	L. APPLICATION OF AVAILABLE PRINCIPAL COLLECTIONS DURING REVOLVING
PERIOD
	 	 	 	 
	1. Collateral Invested Amount
	 	$	                    	 
	2. Required Collateral Invested Amount
	 	$	                    	 
	3. Excess of Collateral Invested Amount over Required Collateral
Invested Amount
	 	$	                    	 
	4. Treated as Shared Principal Collections
	 	$	                    	 
	 
	 	 	 	 
	M. APPLICATION OF PRINCIPAL COLLECTIONS DURING ACCUMULATION
OR AMORTIZATION PERIOD
	 	 	 	 
	1. Principal Funding Account
	 	$	                    	 
	2. Excess of Collateral Invested Amount over Required Collateral
Invested Amount
	 	$	                    	 

C-1-8

 

	 	 	 	 	 
	3. Distribution of Principal
	 	$	                    	 
	4. Treated as Shared Principal Collections
	 	$	                    	 
	 
	 	 	 	 
	N.1. APPLICATION OF EXCESS SPREAD AND EXCESS FINANCE CHARGE
COLLECTIONS ALLOCATED TO SERIES 200[_]-[_]
	 	 	 	 
	1. Excess Spread
	 	$	                    	 
	2. Excess Finance Charge Collections
	 	$	                    	 
	3. Applied to fund Class A Required Amount
	 	$	                    	 
	4. Class A Investor Charge-Offs treated as Available Principal
Collections
	 	$	                    	 
	5. Applied to fund overdue Class B Interest
	 	$	                    	 
	6. Applied to fund Class B Required Amount
	 	$	                    	 
	7. Reduction of Class B Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	8. Applied to Collateral Minimum Monthly Interest
	 	$	                    	 
	9. Applied to unpaid Monthly Servicing Fee
	 	$	                    	 
	10. Collateral Default Amount treated as Available Principal
Collections
	 	$	                    	 
	11. Reduction of Collateral Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	12. Deposited to Reserve Account
	 	$	                    	 
	13. Remaining Excess Spread distributed to Collateral Interest
Holder(s)
	 	$	                    	 
	 
	 	 	 	 
	N.2. APPLICATION OF EXCESS SPREAD, EXCESS FINANCE CHARGE COLLECTIONS
AND FUNDS FROM SERIES 2009-D-II ALLOCATED TO SERIES 200[_]-[_]
	 	 	 	 
	1. Excess Spread
	 	$	                    	 
	2. Excess Finance Charge Collections
	 	$	                    	 
	3. Funds from Series 2009-D-II
	 	 	 	 
	4. Applied to fund Class A Required Amount
	 	$	                    	 
	5. Class A Investor Charge-Offs treated as Available Principal
Collections
	 	$	                    	 
	6. Applied to fund overdue Class B Interest
	 	$	                    	 
	7. Applied to fund Class B Required Amount
	 	$	                    	 
	8. Reduction of Class B Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	9. Applied to Collateral Minimum Monthly Interest
	 	$	                    	 
	10. Applied to unpaid Monthly Servicing Fee
	 	$	                    	 
	11. Collateral Default Amount treated as Available Principal
Collections
	 	$	                    	 
	12. Reduction of Collateral Invested Amount treated as Available
Principal Collections
	 	$	                    	 
	13. Deposited to Reserve Account
	 	$	                    	 
	14. Remaining Excess Spread distributed to Collateral Interest
Holder(s)
	 	$	                    	 

C-1-9

 

	 	 	 	 	 
	O. YIELD AND BASE RATE
	 	 	 	 
	1. Base Rate
	 	 	 	 
	a. Current Monthly Period
	 	 	                    	%
	b. Prior Monthly Period
	 	 	                    	%
	c. Second Prior Monthly Period
	 	 	                    	%
	2. Three Month Average Base
Rate
	 	 	                    	%
	3. Series Adjusted Portfolio
Yield
	 	 	 	 
	a. Current Monthly Period
	 	 	                    	%
	b. Prior Monthly Period
	 	 	                    	%
	c. Second Prior Monthly Period
	 	 	                    	%
	4. Three Month average
Series Adjusted Portfolio
Yield
	 	 	                    	%
	5. Is the 3 month average
Series Adjusted Portfolio
Yield more than the 3 month
average Base Rate?
	 	[Yes/No]

C-1-10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00163-of-00352.parquet"}]]