SEC Contract Filing

Filing Date: 2024-02-26

Document Content:
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<TYPE>EX-10.3
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<FILENAME>d736486dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">ASSIGNMENT NO. 40 OF RECEIVABLES IN ADDITIONAL ACCOUNTS INCLUDED IN ASSET POOL ONE (this &#147;<U>Assignment</U>&#148;), dated
as of February&nbsp;23, 2024, by and between CHASE ISSUANCE TRUST (the &#147;<U>Issuing Entity</U>&#148; or the &#147;<U>Trust</U>&#148;) and WELLS FARGO BANK, NATIONAL ASSOCIATION (&#147;<U>Wells Fargo</U>&#148;) as collateral agent (in such
capacity, the &#147;<U>Collateral Agent</U>&#148;), pursuant to the Asset Pool One Supplement referred to below, and acknowledged by JPMorgan Chase Bank, National Association (as successor by merger to Chase Bank USA, National Association, the
&#147;<U>Bank</U>&#148;), in its capacity as servicer under the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of January&nbsp;20, 2016 (as heretofore supplemented and amended, the &#147;<U>Transfer and Servicing
Agreement</U>&#148;), among the Bank, as administrator and servicer, Chase Card Funding LLC, as transferor, the Trust and Wells Fargo, as indenture trustee (in such capacity, the &#147;<U>Indenture Trustee</U>&#148;) and collateral agent (in such
capacity, the &#147;<U>Collateral Agent</U>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">W I T N E S S E T H: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Trust, the Collateral Agent and the Indenture Trustee are parties to the Third Amended and Restated Asset Pool
One Supplement, dated as of January&nbsp;20, 2016 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the &#147;<U>Asset Pool One Supplement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to designate Additional Accounts to be included as Asset
Pool One Accounts and to pledge hereby the Receivables of such Additional Accounts, whether now existing or hereafter created, to the Collateral Agent to be included as Asset Pool One Receivables; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Collateral Agent, on behalf of and for the benefit and security of the Asset Pool One Noteholders, the Indenture
Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, is willing to accept such designation and pledge subject to the terms and conditions hereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, the Trust and the Collateral Agent hereby agree as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1. <U>Defined Terms</U>. All capitalized terms used herein shall have the meanings ascribed to them in the Asset Pool One
Supplement or, if not defined therein, in the Transfer and Servicing Agreement unless otherwise defined herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;<U>Addition <FONT STYLE="white-space:nowrap">Cut-Off</FONT> Date</U>&#148; shall mean, with respect to the Additional
Accounts designated hereby, January&nbsp;31, 2024. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;<U>Addition Date</U>&#148; shall mean, with respect to the
Additional Accounts designated hereby, February&nbsp;23, 2024. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">&#147;<U>Notice Date</U>&#148; shall mean, with respect to
the Additional Accounts designated hereby, February&nbsp;15, 2024. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">2. <U>Designation of Additional Accounts</U>. Within five Business Days
after the Addition Date, the Trust shall deliver to the Collateral Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a computer file, microfiche list,
<FONT STYLE="white-space:nowrap">CD-ROM</FONT> or such other form as is agreed upon between the Transferor and the Collateral Agent) of each Visa<SUP STYLE="font-size:75%; vertical-align:top">&reg;</SUP> and Mastercard<SUP
STYLE="font-size:75%; vertical-align:top">&reg;</SUP><SUP STYLE="font-size:75%; vertical-align:top">1</SUP> account which, as of the Addition Date, shall be deemed to be an Additional Asset Pool One Account, identified by account number and the
aggregate amount of the Receivables in each such Additional Asset Pool One Account as of the Addition <FONT STYLE="white-space:nowrap">Cut-Off</FONT> Date, which list shall be marked as Schedule 1 to this Assignment and shall, as of the Addition
Date, modify and amend and be incorporated into and made a part of this Assignment and the Asset Pool One Supplement. </P> <P STYLE="margin-top:12pt; marg