Document:

exv4w5

 

Exhibit 4.5

EXECUTION COPY

FIRST AMENDMENT TO

TRANSFER AND SERVICING AGREEMENT

     THIS FIRST AMENDMENT TO TRANSFER AND SERVICING AGREEMENT (this “Amendment”) dated as of March
[ ], 2007, is made among FIRST NATIONAL FUNDING LLC, in its capacity as transferor (“Transferor”)
and in its capacity as depositor (as defined in Item 1101(e) of Regulation AB) (“Depositor”), FIRST
NATIONAL BANK OF OMAHA, as servicer (“Servicer”), and FIRST NATIONAL MASTER NOTE TRUST, as issuer
(“Issuer”) and is acknowledged and accepted by THE BANK OF NEW YORK TRUST COMPANY, N.A., as
successor indenture trustee to The Bank of New York (“Indenture Trustee”) and consented to by each
of the parties executing and delivering a consent and waiver attached hereto as Exhibit C
(collectively, the “Consent Parties”). Capitalized terms used in this Amendment and not otherwise
defined shall have the meanings ascribed to them in or pursuant to the Transfer and Servicing
Agreement dated as of October 24, 2002, among Transferor, Servicer and Issuer (the “Transfer and
Servicing Agreement”).

RECITALS:

     A. Transferor, Servicer and Issuer are parties to the Transfer and Servicing Agreement.

     B. Transferor, Servicer and Issuer wish to amend the Transfer and Servicing Agreement in
certain respects as set forth herein.

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

     Section 1. Amendments.

     (a) Section 3.05 of the Transfer and Servicing Agreement is hereby amended and restated in its
entirety, as follows:

          Section 3.05 Annual Servicer’s Certificates.

     (a) Reference is made to Subpart 229.1100—Asset-Backed Securities (Regulation
AB) of Commodity and Securities Exchanges, 17 C.F.R. §§ 229.1100- 229.1123, as
amended (“Regulation AB”). On or before March 15 of each fiscal year of the
Servicer, beginning with March 15, 2008, for so long as the Depositor is required to
report under The Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and in order to comply with Item 1123 of Regulation AB, Servicer shall deliver to
Indenture Trustee, Owner Trustee, any Enhancement Provider and each Rating Agency,
an Officer’s Certificate substantially in the form of Exhibit D-2. Unless otherwise
changed by the Servicer, the fiscal year of the Servicer begins on January 1 and
ends on

 

 

December 31. A copy of such certificate may be obtained by any Noteholder by a
request in writing to Indenture Trustee addressed to the Corporate Trust Office.

     (b) On or before March 15 of each fiscal year of the Depositor, beginning on
March 15, 2008, for so long as the Depositor is required to report under the
Exchange Act and in order to comply with Item 1122 of Regulation AB, Servicer shall
deliver to Indenture Trustee, Owner Trustee, any Enhancement Provider and each
Rating Agency, a report assessing its compliance with the servicing criteria
specified in paragraph (d) of Item 1122 of Regulation AB during the immediately
preceding calendar year, as required under paragraph (b) of Rule 13a-18 and Rule
15d-19 of the Exchange Act and Item 1122 of Regulation AB. Such report, in the form
of an Officer’s Certificate substantially in the form of Exhibit D-3, shall address
the servicing criteria specified in paragraph (d) of Item 1122 of Regulation AB, as
set forth on Schedule I attached to such Officer’s Certificate, except for any of
the servicing criteria that the Servicer has determined is inapplicable to the
servicing activities it performed during the immediately preceding calendar year.
Unless otherwise changed by the Depositor, the fiscal year of the Depositor begins
on January 1 and ends on December 31. A copy of such certificate may be obtained by
any Noteholder by a request in writing to Indenture Trustee addressed to the
Corporate Trust Office

     (c) (i) On or before March 31, 2007, Servicer will deliver to the Indenture
Trustee, Owner Trustee, any Enhancement Provider and each Rating Agency an Officer’s
Certificate substantially in the form of Exhibit D stating that (a) a review of the
activities of Servicer during the 12-month period ending on December 31 of the prior
calendar year, and of its performance under this Agreement, as amended, was made
under the supervision of the officer signing such certificate, (b) to the best of
such officer’s knowledge based on such review, Servicer has fully performed all its
obligations under this Agreement, as amended, throughout such period, or, if there
has been a default in the performance of any such obligation, specifying each such
default known to such officer and the nature and status thereof, (c) during such
period, for each outstanding Series, Servicer prepared the monthly reports required
by Section 3.04(b) of this Agreement, as amended, and each other monthly report
required by the applicable Indenture Supplement in accordance with Section 3.04(b)
of this Agreement, as amended, and the applicable provisions of each such Indenture
Supplement, (d) the amounts included in such reports agree with the computer records
of Servicer and (e) the calculated amounts included in such reports are
mathematically correct and made in accordance with the applicable definitions in
this Agreement, as amended, and the other applicable Transaction Documents. A copy
of such certificate may be obtained by any Noteholder by a request in writing to
Indenture Trustee addressed to the Corporate Trust Office.

     (ii) To the extent the Servicer is not obligated to deliver the Officer’s
Certificates specified in subsections 3.05(a) and 3.05(b) and unless otherwise
specified in the applicable Indenture Supplement, Servicer may, at its option, elect
to provide either the Officer’s Certificates specified in subsections 3.05(a) and

 

 

3.05(b) or the Officer’s Certificate specified in subsection 3.05(c), on or
before March 15 of each calendar year, beginning March 15, 2008.

     (b) Section 3.06 of the TSA is hereby amended, in its entirety, as follows:

     Section 3.06. Annual Independent Accountants’ Servicing Report.

     (a) Attestation Report of Registered Public Accounting Firm Pursuant to Item
1123 of Regulation AB. On or before March 15 of each fiscal year of the Depositor,
beginning on March 15, 2008, for so long as the Depositor is required to report
under the Exchange Act and in order to comply with Item 1123 of Regulation AB,
Servicer shall cause an independent registered public accounting firm (who may also
render other services to Servicer or Transferor) to furnish a report (addressed to
Indenture Trustee) to Indenture Trustee, Owner Trustee, any Enhancement Provider and
each Rating Agency, that attests to, and reports on, the assessment of compliance
with the servicing criteria made by the Servicer pursuant to Section 3.05(b) of this
Agreement, as amended. Such attestation report shall be made in accordance with
standards for attestation engagements issued or adopted by the Public Company
Accounting Oversight Board and in accordance with Rules 1-02(a)(3) and 2-02(g) of
Regulation S-X under the Securities Act and the Exchange Act. Unless otherwise
provided with respect to any Series in the related Indenture Supplement, a copy of
such attestation report may be obtained by any Noteholder by a request in writing to
Indenture Trustee addressed to the Corporate Trust Office.

     (b) Annual Independent Accountants’ Servicing Report. (i) On or before March
31, 2007, Servicer shall provide to Indenture Trustee, Owner Trustee, any
Enhancement Provider and each Rating Agency a copy of the report required by 12
C.F.R. § 363.3(b) (or any comparable successor regulation) from a firm of nationally
recognized independent certified public accountants (who may also render other
services to Servicer or Transferor) to the effect that, in accordance with
attestation standards established by the American Institute of Certified Public
Accountants, such firm has examined Servicer’s assertion that it maintained
effective internal accounting controls during the preceding calendar year, and that
such firm is of the opinion that Servicer’s assertion is fairly stated in all
material respects, based on the criteria established in “Internal
Control—Integrated Framework” issued by the Committee of Sponsoring Organizations
of the Treadway Commission. Unless otherwise provided with respect to any Series in
the related Indenture Supplement, a copy of such report may be obtained by any
Noteholder by a request in writing to Indenture Trustee addressed to the Corporate
Trust Office.

     (ii) On or before March 31, 2007, Servicer shall cause a firm of nationally
recognized independent certified public accountants (who may also render other
services to Servicer or Transferor) to furnish a report (or reports) to Indenture
Trustee, prepared using attestation standards established by the American Institute
of Certified Public Accountants, to the effect that they have

 

 

examined Servicer’s assertions for each outstanding Series made pursuant to
subsections 3.05(c)(i)(c), (d) and (e) above, and have concluded that such
assertions are fairly stated in all material respects, except for such exceptions as
shall be set forth in such report. Servicer shall also provide copies of the report
for each Series to each Rating Agency, the Owner Trustee and Enhancement Provider.
A copy of such report may be obtained by any Noteholder by a request in writing to
Indenture Trustee addressed to the Corporate Trust Office.

     (iii) To the extent Servicer is not obligated to deliver the attestation
report specified in subsection 3.06(a) and unless otherwise specified in the
applicable Indenture Supplement, Servicer may, at its option, elect to provide
either the attestation report specified in subsection 3.06(a) or the accountant
reports specified in subsections 3.06(b)(i) and (ii), on or before March 15 of each
calendar year, beginning March 15, 2008.

     (c) The Transfer and Servicing Agreement is further amended by the addition of Exhibit D-2,
Servicer Compliance Certificate Pursuant to Item 1123 of Regulation AB Under The Securities
Exchange Act of 1934, a copy of which is attached hereto as Exhibit A.

     (d) The Transfer and Servicing Agreement is further amended by the addition of Exhibit D-3,
Report on Compliance With Servicing Criteria Pursuant to Item 1122 of Regulation AB Under The
Securities Exchange Act of 1934, a copy of which is attached hereto as Exhibit B.

     Section 2. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument.

     Section 3. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE GOVERNING LAW SPECIFIED IN THE TRANSFER AND SERVICING AGREEMENT.

     Section 4. Limitation of Liability. Notwithstanding any other provision of this Amendment,
this Amendment has been executed and delivered by Wilmington Trust Company, not in its individual
capacity, but solely as Owner Trustee of Issuer, in no event shall Wilmington Trust Company , in
its individual capacity, have any liability with respect of the representations, warranties or
obligations of Issuer hereunder or under any other document, as to all of which recourse shall be
had solely to the assets of Issuer, and for all purposes of this Amendment and each other document,
Owner Trustee (as such or in its individual capacity) shall be subject to, and entitled to the
benefits of, the terms and provisions of the Trust Agreement.

[REMAINDER OF THIS PAGE INTENTIONALLY BLANK]

 

 

     IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed and
delivered by their respective duly authorized officers on the day and year first above written.

	 	 	 	 	 	 	 
	 	 	FIRST NATIONAL FUNDING LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	Name:
	 	 

Karlyn M. Knieriem
	 	 
	 

	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	FIRST NATIONAL BANK OF OMAHA	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	Name:
	 	 

Timothy D. Hart
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

 

 

Acknowledged and Agreed to:

THE BANK OF NEW YORK TRUST COMPANY, N.A.

as Indenture Trustee

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 
	Name:
	 	 	 	 
	 

	 	 

	 	 
	Title:
	 	 	 	 
	 

	 	 

	 	 

 

 

EXHIBIT A

TO

FIRST AMENDMENT TO

TRANSFER AND SERVICING AGREEMENT

 

 

EXHIBIT D-2

SERVICER COMPLIANCE CERTIFICATE

PURSUANT TO ITEM 1123 OF REGULATION AB UNDER

THE SECURITIES EXCHANGE ACT OF 1934

	 	 	 
	Re: First National Master Note Trust

	 	Date:                    

     The undersigned, a duly authorized representative of First National Bank of Omaha (the
“Servicer”), pursuant to Item 1123 of Regulation AB and Section 3.05(a) of the Transfer and
Servicing Agreement dated as of October 24, 2002, among First National Funding LLC, as Transferor,
First National Bank of Omaha, as Servicer, and First National Master Note Trust, as Issuer, as
amended (the “Transfer and Servicing Agreement”), does hereby certify that:

     1. A review of the activities of the Servicer from [___, 20___] through December 31,
[20___] (the “Reporting Period”) and of its performance under the Transfer and Servicing Agreement
has been made under my supervision; and

     2. To the best of my knowledge, based on my review, the Servicer has fulfilled all of its
obligations under the Transfer and Servicing Agreement in all material respects throughout the
Reporting Period [except as described below:].

     [

          IN WITNESS WHEREOF, I have signed this certificate this ___day of [                    , 20___].

	 	 	 	 	 	 	 
	 	 	FIRST NATIONAL BANK OF OMAHA, as Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title	 	 	 	 
	 

	 	 	 	 

	 	 

 

 

EXHIBIT B

TO

FIRST AMENDMENT TO

TRANSFER AND SERVICING AGREEMENT

 

 

EXHIBIT D-3

REPORT ON COMPLIANCE WITH SERVICING CRITERIA

PURSUANT TO ITEM 1122 OF REGULATION AB UNDER

THE SECURITIES EXCHANGE ACT OF 1934

	 	 	 
	Re: First National Master Note Trust

	 	Date:                    

     The undersigned, a duly authorized representative of First National Bank of Omaha (the
“Servicer”), hereby certifies as follows:

     (1) The Servicer is responsible for assessing its compliance with the servicing criteria set
forth in 17 C.F.R. § 229.1122(d) (“Item 1122(d) of Regulation AB”) as set forth on Schedule I
attached hereto, except for servicing criteria [specify sections of Item 1122(d) of Regulation AB
that do not apply] (the “Applicable Servicing Criteria”), which the Servicer has determined are
inapplicable to the activities it performs with respect to the credit-card asset backed securities
transactions being serviced, as of and for the year ended December 31, [20___] relating to:

     • the servicing of credit card asset-backed securities transactions issued
by First National Master Note Trust;

     • [                                         ];

     • [                                         ]

     (2) The Servicer used the servicing criteria in Item 1122(d) of Regulation AB to assess
compliance with the Applicable Servicing Criteria;

     (3) The Servicer is in compliance with the Applicable Servicing Criteria as of and for the
period ending December 31, [20___] in all material respects [except as described below:]; and

     (4) [Name of Accountant], an independent registered public accounting firm, has issued an
attestation report on our assessment of compliance with the Applicable Servicing Criteria as of
and for the period ending December 31, [20___], a copy of which is attached hereto as Exhibit A.

	 	 	 	 	 	 	 
	 	 	FIRST NATIONAL BANK OF OMAHA, as Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title	 	 	 	 
	 

	 	 	 	 

	 	 

 

 

EXHIBIT A

ACCOUNTANT’S ATTESTATION REPORT

 

 

SCHEDULE I

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria	 	Servicing Criteria
	 

	 	General Servicing Considerations	 	 
	 
	 	 	 	 
	1122(d)(1)(i)

	 	Policies and procedures are
instituted to monitor any
performance or other triggers and
events of default in accordance
with the transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(1)(ii)

	 	If any material servicing
activities are outsourced to third
parties, policies and procedures
are instituted to monitor the third
party’s performance and compliance
with such servicing activities.	 	 
	 
	 	 	 	 
	1122(d)(1)(iii)

	 	Any requirements in the transaction
agreements to maintain a back-up
servicer for the credit card
receivables are maintained.	 	 
	 
	 	 	 	 
	1122(d)(1)(iv)

	 	A fidelity bond and errors and
omissions policy is in effect on
the party participating in the
servicing function throughout the
reporting period in the amount of
coverage required by and otherwise
in accordance with the terms of the
transaction agreements.	 	 
	 
	 	 	 	 
	 

	 	Cash Collection and Administration	 	 
	 
	 	 	 	 
	1122(d)(2)(i)

	 	Payments on credit card receivables
are deposited into the appropriate
custodial bank accounts and related
bank clearing accounts no more than
two business days following
receipt, or such other number of
days specified in the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(2)(ii)

	 	Disbursements made via wire
transfer on behalf of an obligor or
to an investor are made only by
authorized personnel.	 	 
	 
	 	 	 	 
	1122(d)(2)(iii)

	 	Advances of funds or guarantees
regarding collections, cash flows
or distributions, and any interest
or other fees charged for such
advances, are made, reviewed and
approved as specified in the
transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(2)(iv)

	 	The related accounts for the
transaction, such as cash reserve
accounts or accounts established as
a form of overcollateralization,
are separately maintained (e.g.,
with respect to commingling of
cash) as set forth in the
transaction agreements.	 	 

 

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria	 	Servicing Criteria
	1122(d)(2)(v)

	 	Each custodial account is
maintained at a federally insured
depository institution as set forth
in the transaction agreements. For
purposes of this criterion,
“federally insured depository
institution” with respect to a
foreign financial institution means
a foreign financial institution
that meets the requirements of Rule
13k-1(b)(1) under the Securities
Exchange Act of 1934, as amended.	 	 
	 
	 	 	 	 
	1122(d)(2)(vi)

	 	Unissued checks are safeguarded so
as to prevent unauthorized access.	 	 
	 
	 	 	 	 
	1122(d)(2)(vii)

	 	Reconciliations are prepared on a
monthly basis for all asset-backed
securities related bank accounts,
including custodial accounts and
related bank clearing accounts.
These reconciliations (A) are
mathematically accurate; (B) are
prepared within 30 calendar days
after the bank statement cutoff
date, or such other number of days
specified in the transaction
agreements; (C) are reviewed and
approved by someone other than the
person who prepared the
reconciliation; and (D) contain
explanations for reconciling items.
These reconciling items are
resolved within 90 calendar days of
their original identification, or
such other number of days specified
in the transaction agreements.	 	 
	 
	 	 	 	 
	 

	 	Investor Remittances and Reporting	 	 
	 
	 	 	 	 
	1122(d)(3)(i)

	 	Reports to investors, including
those to be filed with the SEC, are
maintained in accordance with the
transaction agreements and
applicable SEC requirements.
Specifically, such reports (A) are
prepared in accordance with
timeframes and other terms set
forth in the transaction
agreements; (B) provide information
calculated in accordance with the
terms specified in the transaction
agreements; (C) are filed with the
SEC as required by its rules and
regulations; and (D) agree with
investors’ or the trustee’s records
as to the total unpaid principal
balance and number of credit card
accounts serviced by the servicer.	 	 
	 
	 	 	 	 
	1122(d)(3)(ii)

	 	Amounts due to investors are
allocated and remitted in
accordance with timeframes,
distribution priority and other
terms set forth in the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(3)(iii)

	 	Disbursements made to an investor
are posted within two business days
to the servicer’s investor records,
or
such other number of days
specified in the transaction
agreements.	 	 

S-2

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria	 	Servicing Criteria
	1122(d)(3)(iv)

	 	Amounts remitted to investors per
the investor reports agree with
cancelled checks, or other form of
payment, or custodial bank
statements.	 	 
	 
	 	 	 	 
	 

	 	Pool Asset Administration	 	 
	 
	 	 	 	 
	1122(d)(4)(i)

	 	Collateral or security on credit
card accounts is maintained as
required by the transaction
agreements or related credit card
agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(ii)

	 	Credit card accounts and related
documents are safeguarded as
required by the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(iii)

	 	Any additions, removals or
substitutions to the pool are made,
reviewed and approved in accordance
with any conditions or requirements
in the transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(iv)

	 	Payments on credit card
receivables, including any payoffs,
made in accordance with the related
credit card agreements are posted
to the servicer’s obligor records
maintained no more than two
business days after receipt, or
such other number of days specified
in the transaction agreements, and
allocated to principal, interest or
other items (e.g., escrow) in
accordance with the related credit
card agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(v)

	 	The servicer’s records regarding
the credit card accounts agree with
the servicer’s records with respect
to an obligor’s unpaid principal
balance.	 	 
	 
	 	 	 	 
	1122(d)(4)(vi)

	 	Changes with respect to the terms
or status of an obligor’s credit
card account (e.g. loan
modifications or re-agings) are
made, reviewed and approved by
authorized personnel in accordance
with the transaction agreements and
related credit card agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(vii)

	 	Loss mitigation or recovery actions
(e.g., forbearance plans,
modifications and deeds in lieu of
foreclosure, foreclosures and
repossessions, as applicable) are
initiated, conducted and concluded
in accordance with the timeframes
or other requirements established
by the transaction agreements.	 	 

S-3

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria	 	Servicing Criteria
	1122(d)(4)(viii)

	 	Records documenting collection
efforts are maintained during the
period a credit card account is
delinquent in accordance with the
transaction agreements. Such
records are maintained on at least
a monthly basis, or such other
period specified in the transaction
agreements, and describe the
entity’s activities in monitoring
delinquent credit card accounts
including, for example, phone
calls, letters and payment
rescheduling plans in cases where
delinquency is deemed temporary
(e.g., illness or unemployment).	 	 
	 
	 	 	 	 
	1122(d)(4)(ix)

	 	Adjustments to interest rates or
rates of return for credit card
accounts with variable rates are
computed based on the related
credit card agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(x)

	 	Regarding any funds held in trust
for an obligor (such as escrow
accounts): (A) such funds are
analyzed, in accordance with the
obligor’s credit card agreements,
on at least an annual basis, or
such other period specified in the
transaction agreements; (B)
interest on such funds is paid, or
credited, to obligors in accordance
with applicable credit card
agreements and state laws; and (C)
such funds are returned to the
obligor within 30 calendar days of
full repayment of the related
credit card account, or such other
number of days specified in the
transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(xi)

	 	Payments made on behalf of an
obligor (such as tax or insurance
payments) are made on or before the
related penalty or expiration
dates, as indicated on the
appropriate bills or notices for
such payments, provided that such
support has been received by the
servicer at least 30 calendar days
prior to these dates, or such other
number of days specified in the
transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(xii)

	 	Any late payment penalties in
connection with any payment to be
made on behalf of an obligor are
paid from the servicer’s funds and
not charged to the obligor, unless
the late payment was due to the
obligor’s error or omission.	 	 
	 
	 	 	 	 
	1122(d)(4)(xiii)

	 	Disbursements made on behalf of an
obligor are posted within two
business days to the obligor’s
records maintained by the servicer,
or such other number of days
specified in the transaction
agreements.	 	 

S-4

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria	 	Servicing Criteria
	1122(d)(4)(xiv)

	 	Delinquencies, charge-offs and
uncollectible accounts are
recognized and recorded in
accordance with the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(xv)

	 	Any external enhancement or other
support, identified in Item
1114(a)(1) through (3) or Item 1115
of Regulation AB, is maintained as
set forth in the transaction
agreements.	 	 

S-5

 

EXHIBIT C

TO

FIRST AMENDMENT TO TRANSFER AND SERVICING AGREEMENT

WAIVER AND CONSENTSexv4w9

 

Exhibit 4.9

EXECUTION COPY

FIRST AMENDMENT TO 

SECOND AMENDED AND RESTATED

POOLING AND SERVICING AGREEMENT

     THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT (this
“Amendment”) dated as of March [ ], 2007, is made among FIRST NATIONAL FUNDING LLC, in its capacity
as transferor (“Transferor”) and in its capacity as depositor (as defined in Item 1101(e) of
Regulation AB) (“Depositor”), FIRST NATIONAL BANK OF OMAHA, as servicer (“Servicer”), and THE BANK
OF NEW YORK TRUST COMPANY, N.A., as successor trustee to The Bank of New York (“Trustee”) and is
consented to by each of the parties executing and delivering a consent and waiver attached hereto
as Exhibit C (collectively, the “Consent Parties”). Capitalized terms used in this Amendment and
not otherwise defined shall have the meanings ascribed to them in or pursuant to the Second Amended
and Restated Pooling and Servicing Agreement dated as of October 24, 2002, among Transferor,
Servicer and Trustee (the “Pooling and Servicing Agreement”).

R E C I T A L S:

     A. Transferor, Servicer and Trustee are parties to the Pooling and Servicing Agreement.

     B. Transferor, Servicer and Trustee wish to amend the Pooling and Servicing Agreement in
certain respects as set forth herein.

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

     Section 1. Amendments.

     (a) Section 3.05 of the Pooling and Servicing Agreement is hereby amended and restated in its
entirety, as follows:

     Section 3.05 Annual Servicer’s Certificates.

     (a) Reference is made to Subpart 229.1100—Asset-Backed Securities (Regulation
AB) of Commodity and Securities Exchanges, 17 C.F.R. §§ 229.1100- 229.1123, as
amended (“Regulation AB”). On or before March 15 of each fiscal year of the
Servicer, beginning with March 15, 2008, for so long as the Depositor is required to
report under The Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and in order to comply with Item 1123 of Regulation AB, the Servicer shall deliver
to the Trustee, any Enhancement Provider and the Rating Agency, an Officer’s
Certificate substantially in the form of Exhibit D-2. Unless otherwise changed by
the Servicer, the fiscal year of the Servicer begins on January 1 and ends on
December 31. A copy of such

 

 

certificate may be obtained by any Investor Certificateholder by a request in
writing to the Trustee addressed to the Corporate Trust Office.

     (b) On or before March 15 of each fiscal year of the Depositor, beginning on
March 15, 2008, for so long as the Depositor is required to report under the
Exchange Act and in order to comply with Item 1122 of Regulation AB, the Servicer
shall deliver to Trustee, any Enhancement Provider and the Rating Agency, a report
assessing its compliance with the servicing criteria specified in paragraph (d) of
Item 1122 of Regulation AB during the immediately preceding calendar year, as
required under paragraph (b) of Rule 13a-18 and Rule 15d-19 of the Exchange Act and
Item 1122 of Regulation AB. Such report, in the form of an Officer’s Certificate
substantially in the form of Exhibit D-3, shall address the servicing criteria
specified in paragraph (d) of Item 1122 of Regulation AB, as set forth on Schedule I
attached to such Officer’s Certificate, except for any of the servicing criteria
that the Servicer has determined is inapplicable to the servicing activities it
performed during the immediately preceding calendar year. Unless otherwise changed
by the Depositor, the fiscal year of the Depositor begins on January 1 and ends on
December 31. A copy of such certificate may be obtained by any Investor
Certificateholder by a request in writing to the Trustee addressed to the Corporate
Trust Office.

     (c) (i) On or before March 31, 2007, the Servicer will deliver, as provided in
Section 13.05, to the Trustee, any Enhancement Provider and the Rating Agency an
Officer’s Certificate substantially in the form of Exhibit D stating that (a) a
review of the activities of the Servicer during the 12-month period ending on
December 31 of the prior calendar year, and of its performance under this Agreement,
as amended, was made under the supervision of the officer signing such certificate,
(b) to the best of such officer’s knowledge based on such review, the Servicer has
fully performed all its obligations under this Agreement, as amended, throughout
such period, or, if there has been a default in the performance of any such
obligation, specifying each such default known to such officer and the nature and
status thereof, (c) during such period, for each outstanding Series, the Servicer
prepared the monthly reports required by Section 3.04(b) and each other monthly
report required by the applicable Supplement in accordance with Section 3.04(b) and
the applicable provisions of each such Supplement, (d) the amounts included in such
reports agree with the computer records of the Servicer and (e) the calculated
amounts included in such reports are mathematically correct and made in accordance
with the applicable definitions in this Agreement, as amended, and the other
applicable Transaction Documents. A copy of such certificate may be obtained by any
Investor Certificateholder by a request in writing to the Trustee addressed to the
Corporate Trust Office.

     (ii) To the extent the Servicer is not obligated to deliver the Officer’s
Certificates specified in subsections 3.05(a) and 3.05(b) and unless otherwise
specified in the applicable Supplement, the Servicer may, at its option, elect to
provide either the Officer’s Certificates specified in subsections 3.05(a) and

 

 

3.05(b) or the Officer’s Certificate specified in subsection 3.05(c), on or
before March 15 of each calendar year, beginning March 15, 2008.

     (b) Section 3.06 of the Pooling and Servicing Agreement is hereby amended, in its entirety, as
follows:

      Section 3.06. Annual Independent Accountants’ Servicing Report.

     (a) Attestation Report of Registered Public Accounting Firm Pursuant to Item
1123 of Regulation AB. On or before March 15 of each fiscal year of the Depositor,
beginning on March 15, 2008, for so long as the Depositor is required to report
under the Exchange Act and in order to comply with Item 1123 of Regulation AB, the
Servicer shall cause an independent registered public accounting firm (who may also
render other services to the Servicer or Transferor) to furnish a report (addressed
to the Trustee) to the Trustee, any Enhancement Provider and the Rating Agency, that
attests to, and reports on, the assessment of compliance with the servicing criteria
made by the Servicer pursuant to Section 3.05(b) of this Agreement, as amended.
Such attestation report shall be made in accordance with standards for attestation
engagements issued or adopted by the Public Company Accounting Oversight Board and
in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the
Securities Act and the Exchange Act. Unless otherwise provided with respect to any
Series in the related Supplement, a copy of such attestation report may be obtained
by any Investor Certificateholder by a request in writing to the Trustee addressed
to the Corporate Trust Office.

     (b) Annual Independent Accountants’ Servicing Report. (i) On or before March
31, 2007, the Servicer shall provide to the Trustee, any Enhancement Provider and
the Rating Agency a copy of the report required by 12 C.F.R. § 363.3(b) (or any
comparable successor regulation) from a firm of nationally recognized independent
certified public accountants (who may also render other services to the Servicer or
the Transferor) to the effect that, in accordance with attestation standards
established by the American Institute of Certified Public Accountants, such firm has
examined the Servicer’s assertion that it maintained effective internal accounting
controls during the preceding calendar year, and that such firm is of the opinion
that the Servicer’s assertion is fairly stated in all material respects, based on
the criteria established in “Internal Control—Integrated Framework” issued by the
Committee of Sponsoring Organizations of the Treadway Commission. Unless otherwise
provided with respect to any Series in the related Supplement, a copy of such report
may be obtained by any Investor Certificateholder by a request in writing to the
Trustee addressed to the Corporate Trust Office.

     (ii) On or before March 31, 2007, the Servicer shall cause a firm of nationally
recognized independent certified public accountants (who may also render other
services to the Servicer or the Transferor) to furnish a report (or reports) to the
Trustee, prepared using attestation standards established by the

 

 

American Institute of Certified Public Accountants, to the effect that they
have examined the Servicer’s assertions for each outstanding Series made pursuant to
subsections 3.05(c)(i)(c), (d) and (e) above, and have concluded that such
assertions are fairly stated in all material respects, except for such exceptions as
shall be set forth in such report. The Servicer shall also provide copies of the
report for each Series to each Rating Agency and Enhancement Provider. A copy of
such report may be obtained by any Investor Certificateholder by a request in
writing to the Trustee addressed to the Corporate Trust Office.

     (iii) To the extent the Servicer is not obligated to deliver the attestation
report specified in subsection 3.06(a) and unless otherwise specified in the
applicable Supplement, the Servicer may, at its option, elect to provide either the
attestation report specified in subsection 3.06(a) or the accountant reports
specified in subsections 3.06(b)(i) and (ii), on or before March 15 of each calendar
year, beginning March 15, 2008.

     (c) The Pooling and Servicing Agreement is further amended by the addition of Exhibit D-2,
Servicer Compliance Certificate Pursuant to Item 1123 of Regulation AB Under The Securities
Exchange Act of 1934, a copy of which is attached hereto as Exhibit A.

     (d) The Pooling and Servicing Agreement is further amended by the addition of Exhibit D-3,
Report on Compliance With Servicing Criteria Pursuant to Item 1122 of Regulation AB Under The
Securities Exchange Act of 1934, a copy of which is attached hereto as Exhibit B.

     (e) The first sentence of Section 4.03(f) of the Pooling and Servicing Agreement is amended,
in its entirety, as follows:

     On each Transfer Date, Excess Finance Charge Collections from each Group shall
be allocated by the Servicer to each outstanding Series in the Group pro rata based
on the Finance Charge Shortfalls (as defined in the related Supplements) for all
such Series in such Group.

     Section 2. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same instrument.

     Section 3. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE GOVERNING LAW SPECIFIED IN THE POOLING AND SERVICING AGREEMENT.

[REMAINDER OF THIS PAGE INTENTIONALLY BLANK]

 

 

     IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed and
delivered by their respective duly authorized officers on the day and year first above written.

	 	 	 	 	 
	 	FIRST NATIONAL FUNDING LLC

 	 
	 	By:  	 	 
	 	 	Name:  	Karlyn M. Knieriem 	 
	 	 	Title:  	Vice President 	 
	 
	 	FIRST NATIONAL BANK OF OMAHA

 	 
	 	By:  	 	 
	 	 	Name:  	Timothy D. Hart 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK TRUST 

COMPANY, N.A., as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 

 

EXHIBIT A

TO

FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED

POOLING AND SERVICING AGREEMENT

 

 

EXHIBIT D-2

SERVICER COMPLIANCE CERTIFICATE

PURSUANT TO ITEM 1123 OF REGULATION AB UNDER

THE SECURITIES EXCHANGE ACT OF 1934

	 	 	 
	Re: First Bankcard Master Credit Card Trust

	 	Date:                    

     The undersigned, a duly authorized representative of First Bankcard Master Credit Card Trust
(the “Servicer”), pursuant to Item 1123 of Regulation AB and Section 3.05(a) of the Second Amended
and Restated Pooling and Agreement dated as of October 24, 2002, among First National Funding LLC,
as Transferor, First National Bank of Omaha, as Servicer, and The Bank of New York Trust Company,
N.A., as successor trustee to The Bank of New York, as Trustee, as amended (the “Pooling and
Servicing Agreement”), does hereby certify that:

     1. A review of the activities of the Servicer from [                    , 20                    ] through December 31,
[20                    ] (the “Reporting Period”) and of its performance under the Pooling and Servicing Agreement
has been made under my supervision; and

     2. To the best of my knowledge, based on my review, the Servicer has fulfilled all of its
obligations under the Pooling and Servicing Agreement in all material respects throughout the
Reporting Period [except as described below:].

     [

      IN WITNESS WHEREOF, I have signed this certificate this                     day of [                    , 20                    ].

	 	 	 	 	 	 	 
	 	 	FIRST NATIONAL BANK OF OMAHA, 

as Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title	 	 	 	 
	 

	 	 	 	 

	 	 

 

 

EXHIBIT B

TO

FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED

POOLING AND SERVICING AGREEMENT

 

 

EXHIBIT D-3

REPORT ON COMPLIANCE WITH SERVICING CRITERIA

PURSUANT TO ITEM 1122 OF REGULATION AB UNDER

THE SECURITIES EXCHANGE ACT OF 1934

	 	 	 
	Re: First Bankcard Master Credit Card Trust

	 	Date:                    

     The undersigned, a duly authorized representative of First National Bank of Omaha (the
“Servicer”), hereby certifies as follows:

     (1) The Servicer is responsible for assessing its compliance with the servicing criteria set
forth in 17 C.F.R. § 229.1122(d) (“Item 1122(d) of Regulation AB”) as set forth on Schedule I
attached hereto, except for servicing criteria [specify sections of Item 1122(d) of Regulation AB
that do not apply] (the “Applicable Servicing Criteria”), which the Servicer has determined are
inapplicable to the activities it performs with respect to the credit-card asset backed securities
transactions being serviced, as of and for the year ended December 31, [20                    ] relating to:

	 	•	 	the servicing of credit card asset-backed securities transactions issued
by First National Master Note Trust;
	 
	 	•	 	[                                         ]

[                                         ]

     (2) The Servicer used the servicing criteria in Item 1122(d) of Regulation AB to assess
compliance with the Applicable Servicing Criteria;

     (3) The Servicer is in compliance with the Applicable Servicing Criteria as of and for the
period ending December 31, [20___] in all material respects [except as described below:]; and

     (4) [Name of Accountant], an independent registered public accounting firm, has issued an
attestation report on our assessment of compliance with the Applicable Servicing Criteria as of
and for the period ending December 31, [20                    ], a copy of which is attached hereto as Exhibit A.

	 	 	 	 	 	 	 
	 	 	FIRST NATIONAL BANK OF
OMAHA,
as Servicer	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	Name
	 	 

	 	 
	 

	 	Title
	 	 

	 	 
	 

	 	 	 	 

	 	 

 

 

EXHIBIT A

ACCOUNTANT’S ATTESTATION REPORT

D-3-2

 

SCHEDULE I

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria 	 	Servicing Criteria
	 

	 	General Servicing Considerations	 	 
	 
	 	 	 	 
	1122(d)(1)(i)

	 	Policies and procedures are
instituted to monitor any
performance or other triggers and
events of default in accordance
with the transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(1)(ii)

	 	If any material servicing
activities are outsourced to third
parties, policies and procedures
are instituted to monitor the third
party’s performance and compliance
with such servicing activities.	 	 
	 
	 	 	 	 
	1122(d)(1)(iii)

	 	Any requirements in the transaction
agreements to maintain a back-up
servicer for the credit card
receivables are maintained.	 	 
	 
	 	 	 	 
	1122(d)(1)(iv)

	 	A fidelity bond and errors and
omissions policy is in effect on
the party participating in the
servicing function throughout the
reporting period in the amount of
coverage required by and otherwise
in accordance with the terms of the
transaction agreements.	 	 
	 
	 	 	 	 
	 

	 	Cash Collection and Administration	 	 
	 
	 	 	 	 
	1122(d)(2)(i)

	 	Payments on credit card receivables
are deposited into the appropriate
custodial bank accounts and related
bank clearing accounts no more than
two business days following
receipt, or such other number of
days specified in the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(2)(ii)

	 	Disbursements made via wire
transfer on behalf of an obligor or
to an investor are made only by
authorized personnel.	 	 
	 
	 	 	 	 
	1122(d)(2)(iii)

	 	Advances of funds or guarantees
regarding collections, cash flows
or distributions, and any interest
or other fees charged for such
advances, are made, reviewed and
approved as specified in the
transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(2)(iv)

	 	The related accounts for the
transaction, such as cash reserve
accounts or accounts established as
a form of overcollateralization,
are separately maintained (e.g.,
with respect to commingling of
cash) as set forth in the
transaction agreements.	 	 

 

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria 	 	Servicing Criteria
	1122(d)(2)(v)

	 	Each custodial account is
maintained at a federally insured
depository institution as set forth
in the transaction agreements. For
purposes of this criterion,
“federally insured depository
institution” with respect to a
foreign financial institution means
a foreign financial institution
that meets the requirements of Rule
13k-1(b)(1) under the Securities
Exchange Act of 1934, as amended.	 	 
	 
	 	 	 	 
	1122(d)(2)(vi)

	 	Unissued checks are safeguarded so
as to prevent unauthorized access.	 	 
	 
	 	 	 	 
	1122(d)(2)(vii)

	 	Reconciliations are prepared on a
monthly basis for all asset-backed
securities related bank accounts,
including custodial accounts and
related bank clearing accounts.
These reconciliations (A) are
mathematically accurate; (B) are
prepared within 30 calendar days
after the bank statement cutoff
date, or such other number of days
specified in the transaction
agreements; (C) are reviewed and
approved by someone other than the
person who prepared the
reconciliation; and (D) contain
explanations for reconciling items.
These reconciling items are
resolved within 90 calendar days of
their original identification, or
such other number of days specified
in the transaction agreements.	 	 
	 
	 	 	 	 
	 

	 	Investor Remittances and Reporting	 	 
	 
	 	 	 	 
	1122(d)(3)(i)

	 	Reports to investors, including
those to be filed with the SEC, are
maintained in accordance with the
transaction agreements and
applicable SEC requirements.
Specifically, such reports (A) are
prepared in accordance with
timeframes and other terms set
forth in the transaction
agreements; (B) provide information
calculated in accordance with the
terms specified in the transaction
agreements; (C) are filed with the
SEC as required by its rules and
regulations; and (D) agree with
investors’ or the trustee’s records
as to the total unpaid principal
balance and number of credit card
accounts serviced by the servicer.	 	 
	 
	 	 	 	 
	1122(d)(3)(ii)

	 	Amounts due to investors are
allocated and remitted in
accordance with timeframes,
distribution priority and other
terms set forth in the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(3)(iii)

	 	Disbursements made to an investor
are posted within two business days
to the servicer’s investor records,
or such other number of days
specified in the transaction
agreements.	 	 

S-2

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria 	 	Servicing Criteria
	1122(d)(3)(iv)

	 	Amounts remitted to investors per
the investor reports agree with
cancelled checks, or other form of
payment, or custodial bank
statements.	 	 
	 
	 	 	 	 
	 

	 	Pool Asset Administration	 	 
	 
	 	 	 	 
	1122(d)(4)(i)

	 	Collateral or security on credit
card accounts is maintained as
required by the transaction
agreements or related credit card
agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(ii)

	 	Credit card accounts and related
documents are safeguarded as
required by the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(iii)

	 	Any additions, removals or
substitutions to the pool are made,
reviewed and approved in accordance
with any conditions or requirements
in the transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(iv)

	 	Payments on credit card
receivables, including any payoffs,
made in accordance with the related
credit card agreements are posted
to the servicer’s obligor records
maintained no more than two
business days after receipt, or
such other number of days specified
in the transaction agreements, and
allocated to principal, interest or
other items (e.g., escrow) in
accordance with the related credit
card agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(v)

	 	The servicer’s records regarding
the credit card accounts agree with
the servicer’s records with respect
to an obligor’s unpaid principal
balance.	 	 
	 
	 	 	 	 
	1122(d)(4)(vi)

	 	Changes with respect to the terms
or status of an obligor’s credit
card account (e.g. loan
modifications or re-agings) are
made, reviewed and approved by
authorized personnel in accordance
with the transaction agreements and
related credit card agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(vii)

	 	Loss mitigation or recovery actions
(e.g., forbearance plans,
modifications and deeds in lieu of
foreclosure, foreclosures and
repossessions, as applicable) are
initiated, conducted and concluded
in accordance with the timeframes
or other requirements established
by the transaction agreements.	 	 

S-3

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria 	 	Servicing Criteria
	1122(d)(4)(viii)

	 	Records documenting collection
efforts are maintained during the
period a credit card account is
delinquent in accordance with the
transaction agreements. Such
records are maintained on at least
a monthly basis, or such other
period specified in the transaction
agreements, and describe the
entity’s activities in monitoring
delinquent credit card accounts
including, for example, phone
calls, letters and payment
rescheduling plans in cases where
delinquency is deemed temporary
(e.g., illness or unemployment).	 	 
	 
	 	 	 	 
	1122(d)(4)(ix)

	 	Adjustments to interest rates or
rates of return for credit card
accounts with variable rates are
computed based on the related
credit card agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(x)

	 	Regarding any funds held in trust
for an obligor (such as escrow
accounts): (A) such funds are
analyzed, in accordance with the
obligor’s credit card agreements,
on at least an annual basis, or
such other period specified in the
transaction agreements; (B)
interest on such funds is paid, or
credited, to obligors in accordance
with applicable credit card
agreements and state laws; and (C)
such funds are returned to the
obligor within 30 calendar days of
full repayment of the related
credit card account, or such other
number of days specified in the
transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(xi)

	 	Payments made on behalf of an
obligor (such as tax or insurance
payments) are made on or before the
related penalty or expiration
dates, as indicated on the
appropriate bills or notices for
such payments, provided that such
support has been received by the
servicer at least 30 calendar days
prior to these dates, or such other
number of days specified in the
transaction agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(xii)

	 	Any late payment penalties in
connection with any payment to be
made on behalf of an obligor are
paid from the servicer’s funds and
not charged to the obligor, unless
the late payment was due to the
obligor’s error or omission.	 	 
	 
	 	 	 	 
	1122(d)(4)(xiii)

	 	Disbursements made on behalf of an
obligor are posted within two
business days to the obligor’s
records maintained by the servicer,
or such other number of days
specified in the transaction
agreements.	 	 

S-4

 

	 	 	 	 	 
	Servicing Criteria	 	Applicable
	Reference	 	Criteria 	 	Servicing Criteria
	1122(d)(4)(xiv)

	 	Delinquencies, charge-offs and
uncollectible accounts are
recognized and recorded in
accordance with the transaction
agreements.	 	 
	 
	 	 	 	 
	1122(d)(4)(xv)

	 	Any external enhancement or other
support, identified in Item
1114(a)(1) through (3) or Item 1115
of Regulation AB, is maintained as
set forth in the transaction
agreements.	 	 

S-5

 

EXHIBIT C

TO

FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED

POOLING AND SERVICING AGREEMENT

WAIVER AND CONSENTS

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