Document:

Third Amendment to Amended and Restated Secured loan and Servicing Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 THIRD AMENDMENT TO
AMENDED AND RESTATED SECURED LOAN AND 
 SERVICING AGREEMENT 

THIS THIRD AMENDMENT, dated as of May 18, 2012 (this “Amendment”), is entered into in connection with that certain
Amended and Restated Secured Loan and Servicing Agreement, dated as of May 4, 2010, effective as of May 21, 2010 (as amended, supplemented, restated or replaced from time to time, the “Secured Loan and Servicing
Agreement”), by and among NewStar Short-Term Funding LLC, as the borrower (together with its successors and assigns in such capacity, the “Borrower”), NewStar Financial, Inc., as the originator (together with its successors
and assigns in such capacity, the “Originator”) and as the servicer (together with its successors and assigns in such capacity, the “Servicer”), Bleachers Finance 1 Limited, as the lender (by assignment from MMP-7
Funding, LLC and together with its successors and assigns in such capacity, the “Lender”), Natixis Financial Products LLC, as the Administrative Agent (together with its successors and assigns in such capacity, the
“Administrative Agent”), and U.S. Bank National Association, as the trustee (together with its successors and assigns in such capacity, the “Trustee”). Capitalized terms used but not defined herein shall have
the meanings provided in the Secured Loan and Servicing Agreement. 
 R E C I T A L S 

WHEREAS, the parties hereto entered into that certain Secured Loan and Servicing Agreement; and 

WHEREAS, the parties hereto desire to amend the Secured Loan and Servicing Agreement in certain respects as provided herein.

 NOW, THEREFORE, based upon the above Recitals, the mutual premises and agreements contained herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
  

	A.	AMENDMENTS. 

 1.
Section 1.1 of the Secured Loan and Servicing Agreement is hereby amended by (a) amending the definition of “Legal Final Maturity Date” by deleting the date “August 24, 2015” and replacing it with the date
“December 31, 2012” and (b) amending the definition of “Termination Date” by deleting the date “May 19, 2012” and replacing it with the date “December 17, 2012”. 

2. Section 2.1(f) of the Secured Loan and Servicing Agreement is hereby amended by deleting the date “May 19, 2012”
and replacing it with the date “December 17, 2012”. 
  

	B.	AGREEMENTS IN FULL FORCE AND EFFECT AS AMENDED AND WAIVED. 

 Except as specifically amended and waived hereby, all provisions of the Secured Loan and Servicing Agreement shall remain in full force and effect. After this Amendment becomes effective, all references
to the Secured Loan and Servicing Agreement, “hereof,” “herein,” or words of similar effect referring to the Secured Loan and Servicing Agreement shall be deemed to mean the Secured Loan and Servicing Agreement as amended hereby.
This Amendment shall not constitute a novation of the Secured Loan and Servicing Agreement, but shall constitute an amendment and a one-time waiver thereof. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any
provision of the Secured Loan and Servicing Agreement other than as expressly set forth herein. 

	C.	REPRESENTATIONS AND WARRANTIES. 

 Each of the Originator, the Borrower and the Servicer represents and warrants with respect to itself as of the effective date of this Amendment as follows: 

(a) it is duly incorporated or organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or
organization; 
 (b) the execution, delivery and performance by it of this Amendment are within its powers, have been duly
authorized, and do not contravene (A) its charter, by-laws, or other organizational documents, or (B) any Applicable Law; 
 (c) no consent, license, permit, approval or authorization of, or registration, filing or declaration with any Governmental Authority, is required in connection with the execution, delivery, performance,
validity or enforceability of this Amendment by or against it; 
 (d) this Amendment has been duly executed and delivered by it;

 (e) this Amendment constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity; 

(f) it is not in default under the Secured Loan and Servicing Agreement; and 

(g) after giving effect to this Amendment, there is no Termination Event, Unmatured Termination Event, or Servicer Default. 

 

	D.	CONDITIONS TO EFFECTIVENESS. 

 The effectiveness of this Amendment is conditioned upon delivery of executed signature pages by all parties hereto to the Administrative Agent. 

 

	E.	MISCELLANEOUS. 

(a) This Amendment may be executed in any number of counterparts (including by facsimile or pdf), and by the different parties hereto on
the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement. 
 (b) The descriptive headings of the various sections of this Amendment are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions
hereof. 
 (c) This Amendment may not be amended or otherwise modified except as provided in the Secured Loan and Servicing
Agreement. 

  
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 (d) The failure or unenforceability of any provision hereof shall not affect the other
provisions of this Amendment. 
 (e) Whenever the context and construction so require, all words used in the singular number
herein shall be deemed to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine. 

(f) This Amendment represents the final agreement between the parties only with respect to the subject matter expressly covered hereby
and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements between the parties. There are no unwritten oral agreements between the parties. 

(g) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 [Remainder of Page Intentionally Left Blank] 

  
 3 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

							
	THE BORROWER:	 		 	NEWSTAR SHORT-TERM FUNDING LLC
				
		 		 	By:	 	Newstar Financial, Inc., its Designated Manager
				
		 		 	By:	 	 /s/ JOHN J. FRISHKOPF

		 		 		 	Name: John J. Frishkopf
		 		 		 	Title: Treasurer
			
	THE ORIGINATOR AND SERVICER:	 		 	NEWSTAR FINANCIAL, INC.
				
		 		 	By:	 	 /s/ JOHN J. FRISHKOPF

		 		 		 	Name: John J. Frishkopf
		 		 		 	Title: Treasurer
			
	THE LENDER:	 		 	BLEACHERS FINANCE 1 LIMITED
				
		 		 	By:	 	 /s/ JOHN L. FRIDLINGTON

		 		 		 	Name: John L. Fridlington
		 		 		 	Title: Vice President
			
	THE ADMINISTRATIVE AGENT:	 		 	NATIXIS FINANCIAL PRODUCTS LLC
				
		 		 	By:	 	 /s/ MICHAEL E. HOPSON

		 		 		 	Name: Michael E. Hopson
		 		 		 	Title: Managing Director
				
		 		 	By:	 	 /s/ Lorraine Medveely

		 		 		 	Name: Lorraine Medveely
		 		 		 	Title: Managing Director
			
	THE TRUSTEE:	 		 	U.S. BANK NATIONAL ASSOCIATION,
		 		 	not in its individual capacity but solely as Trustee
				
		 		 	By:	 	 /s/ SETH FRINK

		 		 		 	Name: Seth Frink
		 		 		 	Title: Assistant Vice PresidentClass A(2012-1) Terms Document

 Exhibit 4.1 
 EXECUTION COPY 
 CHASE ISSUANCE TRUST 

as Issuing Entity 
 CLASS A(2012-1) TERMS DOCUMENT 
 dated as of May 22, 2012

 to 
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 

dated as of October 15, 2004 
 to 
 THIRD AMENDED AND RESTATED 

INDENTURE 

dated as of December 19, 2007 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and
Collateral Agent 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
	
	ARTICLE I	  
	
	Definitions and Other Provisions of General Application	  
			
	 Section 1.01
	  	 Definitions
	  	 	3	  
	 Section 1.02
	  	 Governing Law
	  	 	6	  
	 Section 1.03
	  	 Counterparts
	  	 	7	  
	 Section 1.04
	  	 Ratification of Indenture and Indenture Supplement
	  	 	7	  
	
	ARTICLE II	  
	
	The Class A(2012-1) Notes	  
			
	 Section 2.01
	  	 Creation and Designation
	  	 	8	  
	 Section 2.02
	  	 Specification of Required Subordinated Amount and Other Terms
	  	 	8	  
	 Section 2.03
	  	 Interest Payment
	  	 	8	  
	 Section 2.04
	  	 Calculation Agent; Determination of LIBOR
	  	 	9	  
	 Section 2.05
	  	 Payments of Interest and Principal
	  	 	10	  
	 Section 2.06
	  	 Form of Delivery of Class A(2012-1) Notes; Depository; Denominations
	  	 	10	  
	 Section 2.07
	  	 Delivery and Payment for the Class A(2012-1) Notes
	  	 	11	  
	 Section 2.08
	  	 Supplemental Indenture
	  	 	11	  
	 Section 2.09
	  	 No Ratings Confirmation Required for Class A(2012-1) Notes
	  	 	11	  

 THIS CLASS A(2012-1) TERMS DOCUMENT (this “Terms Document”), among the CHASE
ISSUANCE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), having its principal office at c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS
FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and as collateral agent (the “Collateral Agent”), is made and entered into as of May 22, 2012. 

Pursuant to this Terms Document, the Issuing Entity and the Indenture Trustee shall create a new Tranche of CHASEseries Class A
Notes and shall specify the principal terms thereof. 
 ARTICLE I 

Definitions and Other Provisions of General Application 
 Section 1.01 Definitions. For all purposes of this Terms Document, except as otherwise expressly provided or unless the context otherwise requires: 

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

 (2) all other terms used herein which are defined in the Indenture Supplement, the Indenture or the Asset Pool Supplement,
either directly or by reference therein, have the meanings assigned to them therein; 
 (3) as used in this Terms Document and
in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in this Terms Document or in any such certificate or other document, and accounting terms partly defined in this Terms Document or in any
such certificate or other document to the extent not defined, shall have the respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Terms Document or in any such certificate or other document are
inconsistent with the meanings of such terms under GAAP, the definitions contained in this Terms Document or in any such certificate or other document shall control; 
 (4) the words “hereof,” “herein,” “hereunder” and words of similar import when used in this Terms Document shall refer to this Terms Document as a whole and not to any
particular provision of this Terms Document; references to any subsection, Section, clause, Schedule or Exhibit are references to subsections, Sections, clauses, Schedules and Exhibits in or to this Terms Document unless otherwise specified; the
term “including” means “including without limitation”; references to any law or regulation refer to that law or regulation as 

  
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amended from time to time and include any successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such
agreement, as amended, supplemented or otherwise modified from time to time; 
 (5) in the event that any term or provision
contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement, the Indenture or the Asset Pool Supplement, the terms and provisions of this Terms Document shall be controlling; and

 (6) each capitalized term defined herein shall relate only to the Class A(2012-1) Notes and no other Tranche of CHASEseries
Notes issued by the Issuing Entity. 
 “Asset Pool Supplement” means the Second Amended and Restated Asset Pool
One Supplement to the Indenture, dated as of December 19, 2007, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Beneficiary” means Chase Bank USA, National Association, in its capacity as beneficial owner of the Issuing Entity. 

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

“Class A(2012-1) Adverse Event” means the occurrence of any of the following: (a) an
Early Amortization Event with respect to the Class A(2012-1) Notes, (b) an Event of Default and acceleration of the Class A(2012-1) Notes, (c) the Class A Usage of the Class B Required Subordinated Amount for the Class A(2012-1) Notes
becomes greater than zero or (d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2012-1) Notes becomes greater than zero. 
 “Class A(2012-1) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class A(2012-1)
Note and duly executed and authenticated in accordance with the Indenture. 
 “Class
A(2012-1) Noteholder” means a Person in whose name a Class A(2012-1) Note is registered in the Note Register. 
 “Class A(2012-1) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the
Class A(2012-1) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and satisfied pursuant to Article V thereof. 

  
 4 

 “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 $133,333,333.34; provided, however, if the
Accumulation Period Length is determined to be less than twelve months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to the Class A(2012-1) Notes will be
the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 

“Indenture” means the Third Amended and Restated Indenture, dated as of December 19, 2007, between the Issuing
Entity and the Indenture Trustee. 
 “Indenture Supplement” means the Amended and Restated CHASEseries
Indenture Supplement, dated as of October 15, 2004, among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Initial Dollar Principal Amount” means $1,600,000,000. 

“Interest Payment Date” means June 15, 2012 and the 15th day of each month thereafter, or if such 15th day is not a
Business Day, the next succeeding Business Day. 
 “Interest Period” means, with respect to any Interest
Payment Date, the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) to but excluding such Interest Payment Date. 

“Issuance Date” means May 22, 2012. 
 “Legal Maturity Date” means May 16, 2016. 

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

  
 5 

 “LIBOR Determination Date” means (1) May 18, 2012 for the period
from and including the Issuance Date through but excluding the initial Interest Payment Date and (2) for each Interest Period thereafter, the second London Business Day prior to the commencement of such Interest Period. 

“London Business Day” means any Business Day on which dealings in deposits in United States Dollars are
transacted in the London interbank market. 
 “Note Interest Rate” means a rate per annum equal to 0.10% in
excess of LIBOR, as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
 “Paying Agent” means Wells Fargo Bank, National Association. 

“Predecessor Note” means, with respect to any particular Note, every previous Note evidencing all or a portion of the
same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 3.06 of the Indenture in lieu of a mutilated, lost, destroyed or stolen Note shall be deemed to
evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Record Date” means, for any Note
Transfer Date, the last Business Day of the preceding Monthly Period. 
 “Reference Banks” means four major
banks in the London interbank market selected by the Beneficiary. 
 “Reuters Screen LIBOR01 Page” means the
display page 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 purposes of displaying rates comparable to
LIBOR). 
 “Scheduled Principal Payment Date” means May 15, 2014. 

“Stated Principal Amount” means $1,600,000,000. 

Section 1.02 Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
DELAWARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE 

  
 6 

 
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 1.03 Counterparts. This Terms Document may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together
constitute but one and the same instrument. 
 Section 1.04 Ratification of Indenture and Indenture Supplement. As
supplemented by this Terms Document, each of the Indenture, the Asset Pool Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool Supplement and the Indenture
Supplement as so supplemented by this Terms Document shall be read, taken and construed as one and the same instrument. 
 [END
OF ARTICLE I] 

  
 7 

 ARTICLE II 
 The Class A(2012-1) Notes 
 Section 2.01 Creation and Designation. There is
hereby created a Tranche of CHASEseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known as the “CHASEseries Class A(2012-1) Notes.” 

Section 2.02 Specification of Required Subordinated Amount and Other Terms. 

(a) For the Class A(2012-1) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be
an amount equal to 8.13953% of (i) prior to the occurrence of a Class A(2012-1) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2012-1) Notes on such date of determination or (ii) on and after the date on
which a Class A(2012-1) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2012-1) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal
Amount of the Class A(2012-1) Notes as of the close of business on the day immediately preceding the date on which such Class A(2012-1) Adverse Event shall have occurred. 
 (b) For the Class A(2012-1) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to 8.13953% of (i) prior to the occurrence of a
Class A(2012-1) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2012-1) Notes on such date or (ii) on and after the date on which a Class A(2012-1) Adverse Event shall have occurred, the greater of (1) the
Adjusted Outstanding Dollar Principal Amount of the Class A(2012-1) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(2012-1) Notes as of the close of business on the day immediately
preceding the date on which such Class A(2012-1) Adverse Event shall have occurred. 
 (c) The Issuing Entity may change the
percentages or the formulas set forth in either clause (a) or (b) above without the consent of any Noteholder so long as the Issuing Entity has (i) received written confirmation from each Note Rating Agency that has rated any
Outstanding Notes that the change in either of such percentages or formulas, as applicable, will not result in a Ratings Effect with respect to any Outstanding Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a
Master Trust Tax Opinion and an Issuing Entity Tax Opinion. 
 Section 2.03 Interest Payment. 

(a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2012-1) Notes shall be an amount equal to the
product of (i) (A) a fraction, 

  
 8 

 
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(2012-1) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2012-1)
Notes; provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2012-1) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class
A(2012-1) Notes on the Issuance Date, (y) 24 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2012-1) Notes determined on May 18, 2012. Interest on the Class A(2012-1) Notes will be calculated on the
basis of the actual number of days elapsed and a 360-day year. 
 (b) Pursuant to Section 3.03 of the Indenture Supplement,
on each Note Transfer Date with respect to the Class A(2012-1) Notes, the Indenture Trustee shall deposit into the Class A(2012-1) Interest Funding Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class
A(2012-1) Notes. 
 Section 2.04 Calculation Agent; Determination of LIBOR. 

(a) The Issuing Entity hereby agrees that for so long as any Class A(2012-1) Notes are Outstanding, there shall at all times be an agent
appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuing Entity hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The
Calculation Agent may be removed by the Issuing Entity at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuing Entity, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the
Issuing Entity shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuing Entity or its Affiliates. The Calculation Agent may not resign its duties, and the Issuing
Entity may not remove the Calculation Agent, without a successor having been duly appointed. 
 (b) On each LIBOR Determination
Date, the Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Reuters Screen LIBOR01 Page or on such comparable system as is customarily used to quote LIBOR
as of 11:00 a.m., London time, on such date. If such rate does not appear on Reuters Screen LIBOR01 Page or on a comparable system as is customarily used to quote LIBOR the rate for that LIBOR Determination Date shall be determined on the basis of
the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The Calculation Agent shall request
the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of the quotations. If fewer than two
quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by major banks in New York 

  
 9 

 
City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. 

(c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning
the Indenture Trustee at its corporate trust office at (612) 667-8058 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time
to time. 
 (d) On each LIBOR Determination Date, the Calculation Agent shall send to the Indenture Trustee and the Beneficiary,
via email or by facsimile transmission, notification of LIBOR for the following Interest Period. 
 Section 2.05 Payments of
Interest and Principal. 
 (a) Any installment of interest or principal payable on any Class A(2012-1) Note which is
punctually paid or duly provided for by the Issuing Entity and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2012-1) 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(2012-1) Noteholders to receive payments from the Issuing Entity will terminate on the first Business Day
following the Class A(2012-1) Termination Date. 
 Section 2.06 Form of Delivery of Class A(2012-1) Notes; Depository;
Denominations. 
 (a) The Class A(2012-1) Notes shall be delivered in the form of a global Registered Note as provided in
Sections 2.02 and 3.01(i) of the Indenture, respectively. 
 (b) The Depository for the Class A(2012-1) Notes shall be The
Depository Trust Company, and the Class A(2012-1) Notes shall initially be registered in the name of Cede & Co., its nominee. 

  
 10 

 (c) The Class A(2012-1) Notes will be issued in minimum denominations of $100,000 and
integral multiples of $1,000 in excess of $100,000. 
 Section 2.07 Delivery and Payment for the Class A(2012-1) Notes.

 The Issuing Entity shall execute and deliver the Class A(2012-1) Notes to the Indenture Trustee for authentication, and the
Indenture Trustee shall deliver the Class A(2012-1) Notes when authenticated, each in accordance with Section 3.03 of the Indenture. 
 Section 2.08 Supplemental Indenture. 
 The Issuing Entity may enter into a
supplemental indenture with respect to the Class A(2012-1) Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit enhancement for the
Class A(2012-1) Notes shall, in addition to the requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such change in credit
enhancement will not result in a Ratings Effect with respect to any Outstanding Notes of the CHASEseries. 
 Section 2.09
No Ratings Confirmation Required for Class A(2012-1) Notes. 
 Notwithstanding Section 3.10(iv) of the Indenture,
the Issuing Entity will not be required to obtain written confirmation from each Note Rating Agency that an issuance of a new Tranche of Notes will not have a Ratings Effect on the Class A(2012-1) Notes. 

[END OF ARTICLE II] 

  
 11 

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

					
	CHASE ISSUANCE TRUST
		
	By:	 	CHASE BANK USA, NATIONAL ASSOCIATION, as Beneficiary and not in its individual capacity
		
	By:	 	 /s/ Keith W. Schuck

		 	Name:	 	Keith W. Schuck
		 	Title:	 	President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee and Collateral Agent
		
	By:	 	 /s/ Julie Tanner Fischer

		 	Name:	 	Julie Tanner Fischer
		 	Title:	 	Vice President

 Chase Issuance Trust 
 CHASEseries Class A(2012-1) Terms Document 
 Signature Page

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