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EXHIBIT 1.2
DISCOVER CARD MASTER TRUST I
CREDIT CARD PASS-THROUGH CERTIFICATES
TERMS AGREEMENT
Dated: December 31, 1997
To: Greenwood Trust Company, as Seller under the Pooling and Servicing
Agreement, as amended, dated as of October 1, 1993.
Re: Underwriting Agreement dated August 19, 1997
Title: Discover Card Master Trust I, Series 1998-1, Credit Card Pass-Through
Certificates, Class A and Class B.
Initial Principal Amount of Certificates: $368,422,000
Series and Class Designation Schedule: Discover Card Master Trust I, Series
1998-1 $350,000,000 Floating Rate Class A Credit Card Pass-Through Certificates
Discover Card Master Trust I, Series 1998-1 $18,422,000 Floating Rate Class B
Credit Card Pass-Through Certificates
Series Cut-Off Date: January 1, 1998
Certificate Rating: Moody's Investors Standard & Poor's
Service, Inc. Ratings Services
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Class A Aaa AAA
Class B A2 A
Aggregate outstanding balance of Principal Receivables as of January 1, 1998:
$21,038,295,646.35
Date of Series Supplement: January 14, 1998.
Certificate Rate: Class A: LIBOR plus 0.09% per annum; and Class B: LIBOR plus
0.27% per annum
Terms of Sale: The Underwriter will offer the Class A and Class B Certificates
from time to time for sale in one or more negotiated transactions, or
otherwise, at market prices
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prevailing at the time of sale, at prices related to such prevailing market
prices or at negotiated prices.
Notwithstanding anything in this Agreement to the contrary, the purchase price
for the Certificates will be as set forth in the letter of even date herewith
between the Underwriter and Greenwood.
Time of Delivery: 9:00 A.M., Chicago, Illinois Time, on January 14, 1998, or at
such other time as may be agreed upon in writing.
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Notwithstanding anything in the Agreement or in this Terms Agreement to
the contrary, the Agreement and this Terms Agreement constitute the entire
agreement and understanding among the parties hereto with respect to the
purchase and sale of the Series 1998-1 Certificates. This Terms Agreement may
be amended only by written agreement of the parties hereto.
Very truly yours,
XXXXXX XXXXXXX & CO. INCORPORATED
By: /s/ J. Xxxxxxx Xxx Xxxx
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Accepted:
GREENWOOD TRUST COMPANY
By: /s/ Xxxx X. Xxxxx
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