Document:

Form of Letter of Resignation

 EXHIBIT 10.1 
 FORM OF LETTER OF RESIGNATION 
 The Board of Directors of FreightCar America, Inc. 
 Two North Riverside Plaza 
 Suite 1250 
 Chicago, Illinois 60606 
 Ladies and Gentlemen: 
 In accordance with the Amended and Restated By-Laws (the “By-Laws”) of FreightCar America, Inc. (the “Corporation”), I hereby tender
my resignation as a member of the board of directors (the “Board”) of the Corporation, provided that this resignation shall be effective upon, and only in the event that: 
 (a)(i) a majority of the votes of the shares present in person or represented by proxy at the meeting and entitled to vote in an uncontested election in
which I am a nominee are designated to be “withheld” from, or are voted “against,” my election and (ii) the Board accepts this resignation following such election; or 
 (b)(i) I experience a change in my principal employment status, other than retirement, and (ii) the Board accepts this resignation following such
change in status. 
 This resignation shall be irrevocable to the fullest extent permitted by Delaware law. 
  

	
	Very truly yours,
	
	  

	DirectorFirst Amendment to the FreightCar America, Inc. 2005 Long Term Incentive Plan

 EXHIBIT 10.2 
 FIRST AMENDMENT 
 TO THE 
 FREIGHTCAR AMERICA, INC. 
 2005 LONG TERM INCENTIVE PLAN 
 WHEREAS, FreightCar America, Inc. (the “Company”) maintains the FreightCar America, Inc. 2005 Long Term Incentive Plan (the
“Plan”); 
 WHEREAS, the Company’s Board of Directors (the “Board”) may amend the Plan pursuant to
Section 9(c) of the Plan; 
 WHEREAS, the Board considers it desirable to amend the Plan (i) to eliminate the
Committee’s ability to reprice options and stock appreciation rights awarded under the Plan, (ii) to update the Plan for applicable accounting issues under FAS 123R, and (iii) to make other desirable changes to the Plan. 

NOW, THEREFORE, the Plan is hereby amended, effective December 16, 2006 in the following particulars: 
 1. By substituting the following for Section 3(e) of the Plan: 
 “(e) Option and SAR Repricing. Except as provided in Section 4(c), the Committee shall not modify an outstanding Option or SAR so as to specify a lower exercise price (and will not cancel an Option or
SAR and substitute for it an Options or SAR with a lower exercise price), without the approval of the Company’s shareholders. In addition, except as provided in Section 4(c), the Committee may not cancel an outstanding Option or SAR whose
exercise price is equal to or greater than the current Fair Market Value of a Share and substitute for it another Award without the prior approval of the Company’s stockholders.” 
 2. By substituting the following for Section 4(c) of the Plan: 
 “(c) Stock Adjustments. 
 (i) Adjustment of Awards Upon the Occurrence of
Certain Events. In the event of any consolidation, stock or other non-cash dividend, extraordinary cash dividend, split-up, spin-off, combination or exchange of shares, reorganization or recapitalization or change in capitalization, or any other
similar corporate event, the Committee shall adjust the aggregate number of Shares subject to the Plan and the number of Shares that may be made subject to Awards to any individual Participant as set forth in Sections 4(a) and 4(b), as well as the
aggregate number of shares that may be made subject to any type of Award. 

 (ii) Equity Restructurings. If the outstanding Shares are increased, decreased,
changed into or exchanged for a different number or kind of shares or securities of the Company through a non-reciprocal transaction between the Company and its stockholders that causes the per share fair value underlying an Award to change, such as
stock dividend, stock split, spin-off, rights offering, recapitalization through a large, non-recurring cash dividend, or other similar transaction, a proportionate adjustment shall be made to the number or kind of shares or securities allocated to
Awards that have been granted prior to any such change to equalize the fair value of the Awards before and after the equity restructuring. Any such adjustment in an outstanding Option (or SAR) shall be made without change in the aggregate purchase
price applicable to the unexercised portion of such Option (or SAR) but with a corresponding adjustment in the exercise price per share or other unit of any security covered by such Option (or SAR). 
 (iii) Reciprocal Transactions. The Committee may, but shall not be obligated to, make an appropriate and proportionate adjustment
to an Award or to the exercise price per share of any outstanding Award, and/or grant an additional Award to the holder of any outstanding Award, to compensate for the diminution in the intrinsic value of the shares resulting from any reciprocal
transaction such as a business combination, merger or acquisition. The determination by the Committee as to the terms of any of the foregoing adjustments shall be conclusive and binding. 
 (iv) Certain Unusual or Nonrecurring Events. In recognition of unusual or nonrecurring events affecting the Company or its
financial statements, or in recognition of changes in applicable laws, regulations, or accounting principles, and, whenever the Committee determines that adjustments are appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan, the Committee may, using reasonable care, make adjustments in the terms and conditions of, and the criteria included in, Awards. 
 (v) Adjustment Restrictions. If any such adjustment or substitution provided for in this Section 4(c) requires the approval of
stockholders in order to enable the Company to grant ISOs, then no such adjustment or substitution of ISOs shall be made without prior stockholder approval. If the effect of any adjustment or substitution would be to cause an Option to fail to
continue to qualify as an ISO or to cause a modification, extension or renewal of such Option within the meaning of Code Sections 409A or 424, the Committee may elect that such adjustment or substitution not be made but rather shall use reasonable
efforts to effect such other adjustment of each then outstanding Option as the Committee in its sole discretion shall deem equitable and that will not result in any 

 disqualification, modification, extension or renewal (within the meaning of Code Sections 409A or 424) of
such ISO. No adjustment or substitution provided for in this Section 4(c) shall increase the amount of compensation payable under an Award to the extent such change would cause the Award to lose its qualification as ‘performance-based
compensation’ for purposes of Section 162(m)(4)(C) of the Code and the regulations thereunder. 
 (vi) Fractional
Shares and Notice. Fractional shares resulting from any adjustment in Awards pursuant to this Section 4(c) may be settled in cash or otherwise as the Committee determines. The Company will give notice of any adjustment to each Participant
who holds an Award that has been adjusted and the adjustment (whether or not such notice is given) will be effective and binding for all Plan purposes.” 
 3. By adding the following Section 8(c) immediately following Section 8(b) of the Plan: 
 “(c) Discretionary Actions. In the event of a Change in Control that is a merger or consolidation in which the Company is not the surviving corporation or that results in the acquisition of substantially all the Company’s
outstanding shares of Common Stock by a single person or entity or by a group of persons or entities acting in concert, or in the event of a sale or transfer of all or substantially all of the Company’s assets (a ‘Covered
Transaction’), the Committee shall have the discretion to provide for the termination of all outstanding Options and SARs as of the effective date of the Covered Transaction; provided, that, no Option or SAR will be so terminated (without the
consent of the Participant) prior to the expiration of twenty (20) days following the later of (i) the date on which the Award became fully exercisable and (ii) the date on which the Participant received written notice of the Covered
Transaction. In the event of a Change in Control that involves a purchase of Common Stock for cash, the Board can implement or negotiate a procedure whereunder all Participants’ unexercised Options or SARs may be cashed out as part of the
purchase transaction, without requiring exercise, for the difference between the purchase price and the exercise price. 

 IN WITNESS WHEREOF, and as conclusive evidence of the adoption of the foregoing, FreightCar
America, Inc. causes these presents to be duly executed by its proper officer thereunto duly authorized this 16th
day of December, 2006. 
  

			
	FREIGHTCAR AMERICA, INC.
		
	By:	 	 /s/ Kevin P. Bagby

	Its:	 	 Vice President, Finance, Chief Financial Officer,
 Treasurer and SecretaryTerms Document, dated as of December 18, 2006

 Exhibit 4.1 
 CHASE ISSUANCE TRUST 
 as Issuing Entity 
 CLASS A(2006-7) TERMS DOCUMENT 
 dated as of December 18, 2006 
 to 
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
 to 
 SECOND AMENDED AND RESTATED 
 INDENTURE 
 dated as of March 14, 2006 
 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	  	1
			
	Section 1.02	 	Governing Law	  	4
			
	Section 1.03	 	Counterparts	  	4
			
	Section 1.04	 	Ratification of Indenture and Indenture Supplement	  	4
		
	ARTICLE II The Class A(2006-7) Notes	  	
			
	Section 2.01	 	Creation and Designation	  	5
			
	Section 2.02	 	Specification of Required Subordinated Amount and Other Terms	  	5
			
	Section 2.03	 	Interest Payment	  	6
			
	Section 2.04	 	Calculation Agent; Determination of LIBOR	  	6
			
	Section 2.05	 	Payments of Interest and Principal	  	7
			
	Section 2.06	 	Form of Delivery of Class A(2006-7) Notes; Depository; Denominations.	  	7
			
	Section 2.07	 	Delivery and Payment for the Class A(2006-7) Notes	  	8
			
	Section 2.08	 	Supplemental Indenture	  	8
			
	Section 2.09	 	Appointment of co-Paying Agent and co-Transfer Agent	  	8

 THIS CLASS A(2006-7) TERMS DOCUMENT (this “Terms Document”), by and between 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 collateral agent (the “Collateral Agent”), is made and entered into as of December 18, 2006. 
 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 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(2006-7) Notes and no other Tranche of CHASEseries Notes issued by the Issuing
Entity. 
 “Asset Pool Supplement” means the Amended and Restated Asset Pool One Supplement to the Indenture, dated as of
October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005, and the Second Amendment thereto, dated as of February 1, 2006, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent.

 “BDL” means Banque de Luxembourg. 
 “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(2006-7) Adverse
Event” means the occurrence of any of the following: (a) an Early Amortization Event with respect to the Class A(2006-7) Notes, (b) an Event of Default and acceleration of the Class A(2006-7) Notes, (c) the Class A Usage
of the Class B Required Subordinated Amount for the Class A(2006-7) Notes becomes greater than zero or (d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2006-7) Notes becomes greater than zero. 

“Class A(2006-7) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated
therein as a Class A(2006-7) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class A(2006-7)
Noteholder” means a Person in whose name a Class A(2006-7) Note is registered in the Note Register. 
 “Class A(2006-7)
Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2006-7) 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. 
 “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). 
  

 2 

 “Controlled Accumulation Amount” means $95,833,333.34; 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(2006-7) Notes
will be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 
 “Indenture” means the Second Amended and Restated Indenture, dated as of March 14, 2006, 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 $1,150,000,000.

 “Interest Payment Date” means January 16, 2007 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 December 18, 2006. 
 “Legal Maturity Date” means February 15, 2013. 
 “LIBOR” means, for
any Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the Trustee on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04. 

“LIBOR Determination Date” means (1) December 14, 2006 for the period from and including the Issuance Date through but
excluding January 16, 2007 and (2) for each interest period thereafter, the second London Business Day prior to the commencement of the second and each subsequent 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 0.01% 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. 
  

 3 

 “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. 
 “Scheduled Principal Payment Date” means
December 15, 2010. 
 “Stated Principal Amount” means $1,150,000,000. 
 “Telerate Page 3750” means the display page currently so designated on the Bridge Telerate Market Report (or such other page as may
replace that page on that service for the purpose of displaying comparable rates or prices). 
 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 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] 
  

 4 

 ARTICLE II 
 The Class A(2006-7) 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(2006-7) Notes.” 
 Section 2.02 Specification of Required Subordinated Amount and Other Terms For the Class A(2006-7) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an
amount equal to 7.80347% of (i) prior to the occurrence of a Class A(2006-7) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-7) Notes on such date of determination or (ii) on and after the date on which
a Class A(2006-7) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-7) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of
the Class A(2006-7) Notes as of the close of business on the day immediately preceding the date on which such Class A(2006-7) Adverse Event shall have occurred. 
 (b) For the Class A(2006-7) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to 7.80347% of (i) prior to the occurrence of a Class
A(2006-7) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2006-7) Notes on such date or (ii) on and after the date on which a Class A(2006-7) Adverse Event shall have occurred, the greater of (1) the Adjusted
Outstanding Dollar Principal Amount of the Class A(2006-7) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(2006-7) Notes as of the close of business on the day immediately preceding the
date on which such Class A(2006-7) 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 Class A(2006-7) 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 Class A(2006-7) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a
Master Trust Tax Opinion and an Issuing Entity Tax Opinion. 
  

 5 

 Section 2.03 Interest PaymentFor each Interest Payment Date, the amount of interest due with
respect to the Class A(2006-7) Notes shall be an amount equal to the product of (i) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times,
(B) the Note Interest Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2006-7) Notes determined as of the close of business on the Interest Payment Date
preceding the related Note Transfer Date for the Class A(2006-7) Notes; provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2006-7) Notes shall be an amount equal to the
product of (x) the Outstanding Dollar Principal Amount of the Class A(2006-7) Notes on the Issuance Date, (y) 29 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2006-7) Notes determined on
December 14, 2006. Interest on the Class A(2006-7) 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(2006-7) Notes, the Indenture Trustee shall deposit into the Class A(2006-7) Interest Funding
Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class A(2006-7) Notes. 
 Section 2.04
Calculation Agent; Determination of LIBORThe Issuing Entity hereby agrees that for so long as any Class A(2006-7) 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 Telerate Page 3750 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 Telerate
Page 3750 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 

  

 6 

 
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 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, by facsimile transmission, notification of LIBOR for the following Interest Period. 
 Section 2.05 Payments of Interest and
PrincipalAny installment of interest or principal payable on any Class A(2006-7) 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(2006-7) 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(2006-7) Noteholders to
receive payments from the Issuing Entity will terminate on the first Business Day following the Class A(2006-7) Termination Date. 
 Section
2.06 Form of Delivery of Class A(2006-7) Notes; Depository; Denominations. 
 (a) The Class A(2006-7) 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(2006-7) Notes shall be The Depository Trust Company, and the Class A(2006-7) Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2006-7) Notes will be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess of $100,000. 
  

 7 

 Section 2.07 Delivery and Payment for the Class A(2006-7) Notes The Issuing Entity shall execute and
deliver the Class A(2006-7) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2006-7) 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(2006-7) 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(2006-7) 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 Appointment of co-Paying Agent and co-Transfer Agent BDL is
appointed as co-paying agent and as co-transfer agent in Luxembourg with respect to the Class A(2006-7) Notes for so long as the Class A(2006-7) Notes are listed on the Luxembourg Stock Exchange. Any reference in this Terms Document, the Indenture
Supplement, the Asset Pool Supplement and the Indenture to the Paying Agent or the Transfer Agent shall be deemed to include BDL as co-paying agent or co-transfer agent, as the case may be, unless the context requires otherwise. 
 [END OF ARTICLE II] 
  

 8 

 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/ Cheryl C. Zimmerman

		 	Name: Cheryl C. Zimmerman, CCTS
		 	Title: Assistant Vice President

 Chase Issuance Trust 
 CHASEseries Class A(2006-7) Notes Terms Document 
 Signature Page

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