Common use of Purchase of Investor Certificates and Series Termination Clause in Contracts

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 23(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a23(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(b), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing (i) with respect to Investor Certificateholders of a Class that is subject to a Class Currency Swap (a) if no Currency Swap Termination has occurred, to withdraw the amount allocable to each such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (b) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) with respect to Investor Certificateholders of a Class that is not subject to a Class Currency Swap, to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If the Servicer determines that, as of any Distribution Date during the Rapid Amortization Period Period, or after the Class B Expected Final Payment Date (after giving effect to any payments allocations or deposits calculated pursuant to Section 9 8 made on such Distribution Date) the Series Investor Interest less (i) the Class Investor Interest with respect to any Seller-Owned Class and (ii) the Supplemental Cash allocable to the Class A Investor Interest or Class B Investor Interest of the Series established hereby is hereby, will be less than or equal to 510% of the Series Initial Investor InterestInterest minus the Class Initial Investor Interest with respect to any Class that was a Seller-Owned Class on the Series Closing Date, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding such Distribution Date, an amount equal to the Series Investor Interest (plus all accrued but unpaid Certificate Interest and all funds on deposit in the Series Principal Funding Account) as of the last day of the Due Period related to such immediately succeeding Distribution Date; provided, however, that the Seller may not purchase and cancel any Investor Certificates representing a Seller-Owned Class (except as otherwise provided in Section 8) until all Classes of Investor Certificates senior to such Seller-Owned Class have been purchased and cancelled. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 18 that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date related to such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) 18 shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase by the Seller to, and shall be cancelled by, the Transfer Agent and shall be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller CertificateSeller. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If the Servicer determines that, as of any Distribution Date during the Rapid Amortization Period Period, or after the Class B Expected Final Payment Date (after giving effect to any payments allocations or deposits calculated pursuant to Section 9 8 made on such Distribution Date) the Series Investor Interest less (i) the Class Investor Interest with respect to any Seller Retained Class and (ii) the Supplemental Cash allocable to the Class A Investor Interest or Class B Investor Interest of the Series established hereby is hereby, will be less than or equal to 510% of the Series Initial Investor InterestInterest minus the Class Initial Investor Interest with respect to any Seller Retained Class, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding such Distribution Date, an amount equal to the Series Investor Interest (plus all accrued but unpaid Certificate Interest and all funds on deposit in the Series Principal Funding Account) as of the last day of the Due Period related to such immediately succeeding Distribution Date; provided, however, that the Seller may not purchase and cancel any Investor Certificates representing a Seller Retained Class (except as otherwise provided in Section 8) until all Classes of Investor Certificates senior to such Seller Retained Class have been purchased and cancelled. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 18 that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date related to such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) 18 shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase by the Seller to, and shall be cancelled by, the Transfer Agent and shall be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller CertificateSeller. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 23(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a23(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.After

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding 55 66 Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If the Servicer determines that, as of any Distribution Date during the Rapid Amortization Period Period, or after the Class B Expected Final Payment Date (after giving effect to any payments allocations or deposits calculated pursuant to Section 9 8 made on such Distribution Date) the Series Investor Interest less (i) the Class Investor Interest with respect to any Seller-Owned Class and (ii) the Supplemental Cash allocable to the Class A Investor Interest or Class B Investor Interest of the Series established hereby is hereby, will be less than or equal to 510% of the Series Initial Investor InterestInterest minus the Class Initial Investor Interest with respect to any Seller-Owned Class, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding such Distribution Date, an amount equal to the Series Investor Interest (plus all accrued but unpaid Certificate Interest and all funds on deposit in the Series Principal Funding Account) as of the last day of the Due Period related to such immediately succeeding Distribution Date; provided, however, that the Seller may not purchase and cancel any Investor Certificates representing a Seller-Owned Class (except as otherwise provided in Section 8) until all Classes of Investor Certificates senior to such Seller-Owned Class have been purchased and cancelled. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 18 that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date related to such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) 18 shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase by the Seller to, and shall be cancelled by, the Transfer Agent and shall be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller CertificateSeller. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If the Servicer determines that, as of any Distribution Date during the Rapid Amortization Period Period, or after the Class B Expected Final Payment Date (after giving effect to any payments allocations or deposits calculated pursuant to Section 9 8 made on such Distribution Date) the Series Investor Interest less (i) the Class Investor Interest with respect to any Seller-Owned Class and (ii) the Supplemental Cash allocable to the Class A Investor Interest or Class B Investor Interest of the Series established hereby is hereby, will be less than or equal to 510% of the Series Initial Investor InterestInterest minus the Class Initial Investor Interest with respect to any Class that was a Seller-Owned Class on the Series Closing Date, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding such Distribution Date, an amount equal to the Series Investor Interest (plus all accrued but unpaid Certificate Interest and all funds on deposit in the Series Principal Funding Account) as of the last day of the Due Period related to such immediately succeeding Distribution Date; provided,however, that the Seller may not purchase and cancel any Investor Certificates representing a Seller-Owned Class (except as otherwise provided in Section 8) until all Classes of Investor Certificates senior to such Seller-Owned Class have been purchased and cancelled. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 18 that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date related to such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) 18 shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase by the Seller to, and shall be cancelled by, the Transfer Agent and shall be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller CertificateSeller. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 23(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a23(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.Seller

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 19(a) that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date of such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a19(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 23(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the 77 Seller Certificate pursuant to this Section 22(a23(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(b), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing (i) with respect to Investor Certificateholders of a Class that is subject to a Class Currency Swap (a) if no Currency Swap Termination has occurred, to withdraw the amount allocable to each such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (b) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) with respect to Investor Certificateholders of a Class that is not subject to a Class Currency Swap, to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.the

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor InterestInterest and no Investor Certificates of any other Series remains outstanding, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class SD from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Notwithstanding Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from if on the Series Distribution Account and pay such Termination Date Investor Certificates for Class SD remain outstanding, an amount equal to the product of (A) the aggregate amount of Receivables remaining in the Trust and (B) a fraction, the numerator of which is the Series Investor Certificateholders Interest of such Class pursuant to Section 12.02 this Series and the denominator of which is the Aggregate Investor Interest, in each case, as of the Pooling and Servicing AgreementDistribution Date occurring in the month immediately preceding the month in which such Series Termination Date occurs, shall be distributed pro rata to the holders of the Investor Certificates for Class SD.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately 52 63 succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 23(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greexxxxx xx behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on Greexxxxx xx behalf of the Holder of the Seller Certificate pursuant to this Section 22(a23(a) shall be delivered by Discover Bank on Greexxxxx xx behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on Greexxxxx xx behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After 77 giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. If Greexxxxx xx behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(b), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing (i) with respect to Investor Certificateholders of a Class that is subject to a Class Currency Swap (a) if no Currency Swap Termination has occurred, to withdraw the amount allocable to each such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (b) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) with respect to Investor Certificateholders of a Class that is not subject to a Class Currency Swap, to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 23(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the MasterServicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a23(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the 65 77 Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(b), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing (i) with respect to Investor Certificateholders of a Class that is subject to a Class Currency Swap (a) if no Currency Swap Termination has occurred, to withdraw the amount allocable to each such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (b) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) with respect to Investor Certificateholders of a Class that is not subject to a Class Currency Swap, to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 23(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a23(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial 66 78 Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 23(b), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing (i) with respect to Investor Certificateholders of a Class that is subject to a Class Currency Swap (a) if no Currency Swap Termination has occurred, to withdraw the amount allocable to each such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (b) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) with respect to Investor Certificateholders of a Class that is not subject to a Class Currency Swap, to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If the Servicer determines that, as of any Distribution Date during the Rapid Amortization Period Period, or after the Class B Expected Final Payment Date (after giving effect to any payments allocations or deposits calculated pursuant to Section 9 8 made on such Distribution Date) the Series Investor Interest less (i) the Class Investor Interest with respect to any Seller Retained Class and (ii) the Supplemental Cash allocable to the Class A Investor Interest or Class B Investor Interest of the Series established hereby is hereby, will be less than or 93 102 equal to 510% of the Series Initial Investor InterestInterest minus the Class Initial Investor Interest with respect to any Seller Retained Class, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding such Distribution Date, an amount equal to the Series Investor Interest (plus all accrued but unpaid Certificate Interest and all funds on deposit in the Series Principal Funding Account) as of the last day of the Due Period related to such immediately succeeding Distribution Date; provided, however, that the Seller may not purchase and cancel any Investor Certificates representing a Seller Retained Class (except as otherwise provided in Section 8) until all Classes of Investor Certificates senior to such Seller Retained Class have been purchased and cancelled. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 18 that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date related to such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) 18 shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase by the Seller to, and shall be cancelled by, the Transfer Agent and shall be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller CertificateSeller. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series 56 Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor 56 Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If the Servicer determines that, as of any Distribution Date during the Rapid Amortization Period Period, or after the Class B Expected Final Payment Date (after giving effect to any payments allocations or deposits calculated pursuant to Section 9 8 made on such Distribution Date) the Series Investor Interest less (i) the Class Investor Interest with respect to any Seller Retained Class and (ii) the Supplemental Cash allocable to the Class A Investor Interest or Class B Investor Interest of the Series established hereby is hereby, will be less than or equal to 510% of the Series Initial Investor InterestInterest minus the Class Initial Investor Interest with respect to any Seller Retained Class, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding such Distribution Date, an amount equal to the Series Investor Interest (plus all accrued but unpaid Certificate Interest and all funds on deposit in the Series Principal Funding Account) as of the last day of the Due Period related to such immediately succeeding Distribution Date; provided, however, that the Seller may not purchase and cancel any Investor Certificates representing a Seller Retained Class (except as otherwise provided in Section 8) until all Classes of Investor Certificates senior to such Seller Retained Class have been purchased and cancelled. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 18 that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date related to such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) 18 shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase by the Seller to, and shall be cancelled by, the Transfer Agent and shall be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor InterestSeller. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.91 100

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding 54 Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The If any amount deposited pursuant to this Section 21(a) is (i) allocable to the Investor Certificateholders of a Class that is subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing (x) if no Currency Swap Termination has occurred, to withdraw the amount allocable to such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (y) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) allocable to the Investor Certificateholders of a Class that is not subject to a Class Currency Swap, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 21(a), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. All Investor Certificates of the Series established hereby that are purchased by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a21(a) shall be delivered by Discover Bank Greenwood on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank Greenwood on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank Greenwood on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. If Greenwood on behalf of the Holder of the Seller Certificate elects to purchase Investor Certificates with respect to a Class that is subject to a Class Currency Swap pursuant to this Section 21(b), Greenwood on behalf of the Holder of the Seller Certificate shall give notice to the Investor Certificateholders of such Class not less than 30 days and not more than 45 days prior to such purchase in the manner set forth in Section 19 hereof. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing (i) with respect to Investor Certificateholders of a Class that is subject to a Class Currency Swap (a) if no Currency Swap Termination has occurred, to withdraw the amount allocable to each such Class from the Series Distribution Account and deposit such amount into the Currency Swap Dollar Escrow Account or (b) if a Currency Swap Termination has occurred, to convert such amount into Foreign Currency at the then prevailing spot exchange rate in New York, as applicable, and cause such amount to be paid to the Investor Certificateholders of such Class pursuant to Section 10(c) of this Series Supplement or (ii) with respect to Investor Certificateholders of a Class that is not subject to a Class Currency Swap, to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor InterestInterest and no Investor Certificates of any Senior Series remains outstanding, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such the Subordinated Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Notwithstanding Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from if on the Series Distribution Account and pay such Termination Date Investor Certificates for the Subordinated Class remain outstanding, an amount equal to the product of (A) the aggregate amount of Receivables remaining in the Trust and (B) a fraction, the numerator of which is the Series Investor Certificateholders Interest of such Class pursuant to Section 12.02 this Series and the denominator of which is the Aggregate Investor Interest, in each case, as of the Pooling and Servicing AgreementDistribution Date occurring in the month immediately preceding the month in which such Series Termination Date occurs, shall be distributed pro rata to the holders of the Investor Certificates for the Subordinated Class.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.of

Purchase of Investor Certificates and Series Termination. (a) If the Servicer determines that, as of any Distribution Date during the Rapid Amortization Period Period, or after the Class B Expected Final Payment Date (after giving effect to any payments allocations or deposits calculated pursuant to Section 9 8 made on such Distribution Date) the Series Investor Interest less (i) the Class Investor Interest with respect to any Seller Retained Class and (ii) the Supplemental Cash allocable to the Class A Investor Interest or Class B Investor Interest of the Series established hereby is hereby, will be less than or equal to 510% of the Series Initial Investor InterestInterest minus the Class Initial Investor Interest with respect to any Seller Retained Class, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding such Distribution Date, an amount equal to the Series Investor Interest (plus all accrued but unpaid Certificate Interest and all funds on deposit in the Series Principal Funding Account) as of the last day of the Due Period related to such immediately succeeding Distribution Date; provided, however, that the Seller may not purchase and cancel any Investor Certificates representing a Seller Retained Class (except as otherwise provided in Section 8) until all Classes of Investor Certificates senior to such Seller Retained Class have been purchased and cancelled. The Master Servicer shall direct the Trustee in writing amount deposited pursuant to withdraw the amount this Section 17 that is allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class shall be paid to the Investor Certificateholders pursuant to Section 12.02 of the Pooling and Servicing AgreementAgreement on the Distribution Date related to such deposit. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) 17 shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase by the Seller to, and shall be cancelled by, the Transfer Agent and shall be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller CertificateSeller. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the 53 64 Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.

Purchase of Investor Certificates and Series Termination. (a) If as of any Distribution Date during the Amortization Period (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date) the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest, Discover Bank on behalf of the Holder of the Seller Certificate may purchase and cancel the Investor Certificates of the Series established hereby by depositing into the Series Distribution Account, on the immediately succeeding Distribution Date, an amount equal to the 53 66 Series Investor Interest as of the last day of the Due Period related to such immediately succeeding Distribution Date. The Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to such Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement. All Investor Certificates of the Series established hereby that are purchased by Discover Bank on behalf of the Holder of the Seller Certificate pursuant to this Section 22(a) shall be delivered by Discover Bank on behalf of the Holder of the Seller Certificate upon such purchase to, and be cancelled by, the Transfer Agent and be disposed of in a manner satisfactory to the Trustee and Discover Bank on behalf of the Holder of the Seller Certificate. (b) If as of any Distribution Date during the Accumulation Period, the Early Accumulation Period or the Controlled Liquidation Period, as applicable (after giving effect to any payments calculated pursuant to Section 9 made on such Distribution Date), the Series Investor Interest of the Series established hereby is less than or equal to 5% of the Series Initial Investor Interest (before giving effect to any reduction in the Series Initial Investor Interest pursuant to Section 6.14 of the Pooling and Servicing Agreement), Discover Bank on behalf of the Holder of the Seller Certificate may, but shall not be obligated to, purchase the Investor Certificates of the Series established hereby by depositing into the Series Principal Funding Account, on such Distribution Date, an amount equal to such Series Investor Interest. After giving effect to such deposit, such Series Investor Interest shall be reduced to zero, and the Seller Interest shall be increased by the amount of such deposit. (c) Following the sale of Receivables pursuant to Section 12.02 of the Pooling and Servicing Agreement, the Master Servicer shall direct the Trustee in writing to withdraw the amount allocable to each Class from the Series Distribution Account and pay such amount to the Investor Certificateholders of such Class pursuant to Section 12.02 of the Pooling and Servicing Agreement.