Document:

EX-10.12

 Exhibit 10.12 

EXECUTION VERSION 
 AMENDMENT
NO. 2 
 TO 
 CREDIT
AGREEMENT 
 AMENDMENT NO. 2 (this “Amendment”), dated as of January 3, 2017, to the Credit Agreement, dated as of
January 6, 2015, by and among NEXPOINT CAPITAL, INC., a Delaware corporation (herein referred to as the “Borrower”), the Banks party thereto from time to time and STATE STREET BANK AND TRUST COMPANY, as agent for
the Banks (in such capacity, the “Agent”), as amended, supplemented or otherwise modified by Amendment No. 1, dated as of January 5, 2016 (as the same may be further amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”). 
 RECITALS 

I.    Each term that is defined in the Credit Agreement and not herein defined has the meaning ascribed thereto by the
Credit Agreement when used herein. 
 II.    The Borrower desires an amendment to the Credit Agreement upon the terms
and conditions herein contained, and the Banks have agreed thereto upon the terms and conditions herein contained. 
 NOW, THEREFORE,
in consideration of the mutual agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1.    The defined term “Termination Date” contained in Section 1.01 of the
Credit Agreement is hereby amended by replacing the date “January 3, 2017” contained therein with the date “March 20, 2017”. 

2.    Schedule 1 to the Credit Agreement is hereby amended and restated in its entirety in the form of Schedule
1 hereto. 
 3.    Paragraphs 1 and 2 of this Amendment shall not be effective until each of the following
conditions is satisfied (the date, if any, on which such conditions shall have first been satisfied being referred to herein as the “Amendment Effective Date”): 

(a)    the Agent shall have received from the Borrower and each Bank either (i) a counterpart of this
Amendment executed on behalf of such party, or (ii) written evidence satisfactory to the Agent (which may include electronic mail transmission (in printable format) or facsimile of a signed signature page of this Amendment) that each such party
has executed a counterpart of this Amendment; 
 (b)    the Agent shall have received from the Borrower a
manually signed certificate from the Secretary or Assistant Secretary of the Borrower, in all respects satisfactory to the Agent, (i) certifying as to the incumbency of authorized persons of the Borrower executing this Amendment,
(ii) attaching true, complete and correct copies of the resolutions duly adopted by the board of directors of the Borrower approving this 

  
 1 

 
Amendment and the transactions contemplated hereby, all of which are in full force and effect on the date hereof, and (iii) certifying that the Borrower’s Charter Documents have not
been amended, supplemented or otherwise modified since January 5, 2016 or, if so, attaching true, complete and correct copies of each such amendment, supplement or modification; 

(c)    the Agent shall have received such documents and information as the Agent, at the request of any
Bank, shall have requested in order to comply with “know-your-customer” and other anti-terrorism, anti-money laundering and similar rules and regulations and related policies; and 

(d)    the Borrower shall have paid all
out-of-pocket fees and expenses incurred by the Agent (including, without limitation, reasonable legal fees and disbursements of counsel to the Agent) in connection
herewith to the extent they have been invoiced prior to the date hereof and are payable by the Borrower pursuant to Section 9.03 of the Credit Agreement. 

4.    The Borrower (a) reaffirms and admits the validity and enforceability of each Loan Document to which it is a
party and all of its obligations thereunder (except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights
generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law) and an implied covenant of good faith and fair dealing) and agrees and admits that (i) it has no defense to any such obligation and
(ii) it shall not exercise any setoff or offset to any such obligation, and (b) (1) represents and warrants that, as of the date of execution and delivery hereof by the Borrower, after giving effect to the amendments contained in this
Amendment, no Default has occurred and is continuing and (2) after giving effect to the amendments contained in this Amendment, the representations and warranties of the Borrower contained in the Credit Agreement and the other Loan Documents
are true and correct in all material respects on and as of the date hereof with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as
of such specific date). 
 5.    Except as expressly set forth herein, the Loan Documents shall remain in full force and
effect, and no amendment in respect of any term or condition of any Loan Document shall be deemed to be an amendment in respect of any other term or condition contained in any Loan Document. 

6.    This Amendment may be executed in any number of counterparts, each of which shall constitute an original but all of
which when taken together shall constitute a single contract. It shall not be necessary in making proof of this Amendment to produce or account for more than one counterpart signed by the party to be charged. Delivery of an electronic counterpart to
this Amendment (which may include electronic mail transmission (in printable format) or facsimile of a signed signature page of this Amendment) shall be as effective as delivery of an original counterpart. 

  
 2 

 7.    THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAW OF THE COMMONWEALTH OF MASSACHUSETTS, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

[the remainder of this page has been intentionally left blank] 

  
 3 

 IN WITNESS WHEREOF, each party hereto, intending this Amendment No. 2 to the Credit
Agreement to take effect as an agreement under seal, has caused this agreement to be duly executed by its duly authorized representative(s) as of the day and year first above written. 

 

			
	NEXPOINT CAPITAL, INC.
		
	By:	 	 /s/ Frank Waterhouse

		 	Name: Frank Waterhouse
		 	Title:   Treasurer
	
	STATE STREET BANK AND TRUST
	COMPANY, individually and as Agent
		
	By:	 	  

		 	Name: James H. Reichert
		 	Title:   Vice President

 NexPoint Capital, Inc. Signature Page to Amendment No. 2 

 IN WITNESS WHEREOF, each party hereto, intending this Amendment No. 2 to the Credit
Agreement to take effect as an agreement under seal, has caused this agreement to be duly executed by its duly authorized representative(s) as of the day and year first above written. 

 

			
	NEXPOINT CAPITAL, INC.
		
	By:	 	  

		 	Name: Frank Waterhouse
		 	Title:   Treasurer
	
	STATE STREET BANK AND TRUST
	COMPANY, individually and as Agent
		
	By:	 	 /s/ James H. Reichert

		 	Name: James H. Reichert
		 	Title:   Vice President

 NexPoint Capital, Inc. Signature Page to Amendment No. 2 

 SCHEDULE 1 

 

	
	 BORROWER:
  

NEXPOINT CAPITAL, INC.
 300 Crescent Court, Suite 700

Dallas, Texas 75201
 Attention: Frank Waterhouse

Phone: 972-419-2538

Email: fwaterhouse@highlandfunds.com

					
	 	  	COMMITMENT	  	COMMITMENT
	 BANKS:
	  	AMOUNT	  	PERCENTAGE
	 STATE STREET BANK AND TRUST COMPANY
	  	$25,000,000	  	100%

 Domestic Lending Office, LIBOR Lending 

Office and Office for Notices to the Agent for 

Borrowings and Payments: 
  

	 	(a)	if by overnight courier service: 

 State Street Bank and Trust Company 

Customer Service Unit 
 M/S
CCB0900 
 One Iron Street 

Boston, MA 02110 
 Attn: Eduardo
Chaves 
 Tel: (617) 662-8574 

Fax: (617) 988-6677 

Attn: Peter Connolly 
 Tel:
(617) 662-8588 
 Fax: (617) 988-6677 

 

	 	(b)	in all other cases: 

 State Street Bank and Trust Company 

Customer Service Unit 
 M/S
CCB0900 
 One Iron Street 

PO Box 5501 
 Boston, MA
02206-5501 
 Attn: Eduardo Chaves 

Tel: (617) 662-8574 

Fax: (617) 988-6677 

Attn: Peter Connolly 
 Tel:
(617) 662-8588 
 Fax: (617) 988-6677 

Email: ais-loanops-csu@statestreet.com 

Office for all Other Notices: 
  

	 	(a)	if by overnight courier: 

 State Street Bank and Trust Company 

Mutual Fund Lending Department 

M/S CCB0900 
 One Iron Street

 Boston, MA 02110 
 Attn:
James H. Reichert, Vice President 
 Tel: (617) 662-8620 

 

	 	(b)	in all other cases: 

 State Street Bank and Trust Company 

Mutual Fund Lending Department 

M/S CCB0900 
 One Iron Street

 Boston, MA 02206-5501 

Attn: James H. Reichert, Vice President 

Tel: (617) 662-8620 

E-mail: jhreichert@statestreet.comEX-4.1

 Exhibit 4.1 

CHASE ISSUANCE TRUST 
 as
Issuing Entity 
 CLASS A(2017-2) TERMS DOCUMENT 

dated as of March 15, 2017 

to 
 SECOND AMENDED AND
RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 

dated as of January 20, 2016 

to 
 FOURTH AMENDED AND
RESTATED 
 INDENTURE 

dated as of January 20, 2016 

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(2017-2) 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	  	 	5	 
	 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(2017-2) Notes; Depository; Denominations	  	 	7	 
	 Section 2.07
	 	Delivery and Payment for the Class A(2017-2) Notes	  	 	7	 
	 Section 2.08
	 	Supplemental Indenture	  	 	7	 
	 Section 2.09
	 	No Ratings Confirmation Required for Class A(2017-2) Notes	  	 	8	 

 THIS CLASS A(2017-2) 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 March 15, 2017. 

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(2017-2) Notes and no other Tranche of CHASEseries Notes issued by the
Issuing Entity. 
 “Asset Pool Supplement” means the Third Amended and Restated Asset Pool One Supplement to the Indenture,
dated as of January 20, 2016, as amended, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 

“Beneficiary” means Chase Card Funding LLC, in its capacity as beneficial owner of the Issuing Entity. 

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

“Class A(2017-2) Adverse Event” means the occurrence of any of the following: (a) an Early Amortization Event with
respect to the Class A(2017-2) Notes, (b) an Event of Default and acceleration of the Class A(2017-2) Notes, (c) the Class A Usage of the Class B Required Subordinated Amount for the Class A(2017-2) Notes becomes greater than zero or
(d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2017-2) Notes becomes greater than zero. 

“Class A(2017-2) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement,
designated therein as a Class A(2017-2) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class
A(2017-2) Noteholder” means a Person in whose name a Class A(2017-2) Note is registered in the Note Register. 
 “Class
A(2017-2) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2017-2) 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). 
 “Controlled Accumulation Amount” means $54,166,666.67; 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(2017-2) Notes will be
the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 

“Indenture” means the Fourth Amended and Restated Indenture, dated as of January 20, 2016, as amended, between the
Issuing Entity and the Indenture Trustee. 

  
 2 

 “Indenture Supplement” means the Second Amended and Restated CHASEseries
Indenture Supplement, dated as of January 20, 2016, among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 

“Initial Dollar Principal Amount” means $650,000,000. 

“Interest Payment Date” means April 17, 2017 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 March 15, 2017. 

“Legal Maturity Date” means March 15, 2024. 

“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. 

“LIBOR Determination Date” means (1) March 13, 2017 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 0.40% 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. 

  
 3 

 “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 March 15, 2022. 

“Stated Principal Amount” means $650,000,000. 

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 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(2017-2) 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(2017-2) Notes.” 
 Section 2.02 Specification of
Required Subordinated Amount and Other Terms. 
 (a) For the Class A(2017-2) 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(2017-2) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2017-2) Notes on such date of
determination or (ii) on and after the date on which a Class A(2017-2) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2017-2) Notes on such date of determination and
(2) the Adjusted Outstanding Dollar Principal Amount of the Class A(2017-2) Notes as of the close of business on the day immediately preceding the date on which such Class A(2017-2) Adverse Event shall have occurred. 

(b) For the Class A(2017-2) 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(2017-2) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2017-2) Notes on such date or (ii) on and after the date on which a Class A(2017-2)
Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2017-2) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(2017-2)
Notes as of the close of business on the day immediately preceding the date on which such Class A(2017-2) 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(2017-2) 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(2017-2) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2017-2) Notes;
provided, however, that for the first 

  
 5 

 
Interest Payment Date, the amount of interest due with respect to the Class A(2017-2) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the
Class A(2017-2) Notes on the Issuance Date, (y) 33 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2017-2) Notes determined on March 13, 2017. Interest on the Class A(2017-2) 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(2017-2) Notes, the Indenture Trustee shall deposit into the Class A(2017-2) Interest Funding Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to
the Class A(2017-2) Notes. 
 Section 2.04 Calculation Agent; Determination of LIBOR. 

(a) The Issuing Entity hereby agrees that for so long as any Class A(2017-2) 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 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. 

  
 6 

 (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(2017-2) 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(2017-2) 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(2017-2) Noteholders to receive payments from the Issuing Entity will terminate on the first Business Day
following the Class A(2017-2) Termination Date. 
 Section 2.06 Form of Delivery of Class A(2017-2) Notes; Depository; Denominations.

 (a) The Class A(2017-2) 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(2017-2) Notes shall be The Depository Trust Company, and the Class A(2017-2)
Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2017-2) 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(2017-2) Notes. 
 The Issuing Entity shall execute and deliver the Class A(2017-2) Notes to the Indenture Trustee for
authentication, and the Indenture Trustee shall deliver the Class A(2017-2) 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(2017-2) 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(2017-2) Notes shall, in addition to the requirements set forth in 

  
 7 

 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(2017-2) Notes. 

Notwithstanding Section 3.10(a)(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(2017-2) Notes. 
 [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 Administrator
		
	By:	 	  

		 	Name: Todd S. Lehner
		 	Title: Managing Director
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee and Collateral Agent
		
	By:	 	  

		 	Name: Cheryl Zimmerman
		 	Title: Vice President

 Chase Issuance Trust 

CHASEseries Class A(2017-2) Terms Document

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