FIFTH AMENDMENT TO TRANSFER AND ADMINISTRATION AGREEMENT
This FIFTH AMENDMENT TO TRANSFER AND ADMINISTRATION AGREEMENT
(this "Amendment"), dated as of July 20, 2000 is entered into by and
between NORDSTROM fsb, a federal savings bank with its main office at 0000
Xxxx Xxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxxx, XX 00000 and the successor in
interest to Nordstrom National Credit Bank C'NNCB "), (together with its
successors and permitted assigns, the "Transferor"), ENTERPRISE FUNDING
CORPORATION, a Delaware corporation with its main office at 000X. Xxxxx
Xxxxxx, XXX-0-00-xx-x0, Xxxxxxxxx, XX 00000-0000 (together with its
successors and permitted assigns, the "Company"), THE FINANCIAL
INSTITUTIONS FROM TIME TO TIME PARTIES THERETO (collectively, the "Bank
Investors" and each a "Bank Investor") and BANK OF AMERICA, N.A., a
national banking association ("NationsBank"), as agent for the Company and
the Bank Investors (in such capacity, the "Agent") and as a Bank Investor.
WHEREAS, the NNCB, the Company, the Bank Investors and the
Agent have entered into a Transfer and Administration Agreement. dated as
of August 14, 1996, as amended by a first amendment thereto dated as of
August 19, 1997, a second amendment thereto dated as of July 6, 1998, a
third amendment thereto dated as of August 9,1999, and a fourth amendment
thereto dated as of March 1, 2000 (as amended to the date hereof, the
"Transfer and Administration Agreement");
NOW THEREFORE, in consideration of the mutual agreements set
forth herein and other good and valuable consideration, the receipt of
which is hereby acknowledged, the Transferor, the Company, the Agent and
each Bank Investor agree as follows:
Section 1. Except as otherwise specifically set forth in this
Amendment, capitalized terms used herein as defined terms but not defined
herein shall have the meanings assigned to them in the Transfer and
Administration Agreement.
Section 2. Amendment to Section 1. 1.
(a) Section 1.1 of the Transfer and Administration Agreement
is hereby amended by substituting the date referenced in the
definition of "Commitment Termination Date" to read "July 19,
2001
(b) Section 1.1 of the Transfer and Administration Agreement
is hereby amended by changing the definition of "Facility
Limit" to read as follows:
Page 1 of 3
"Facility Limit" shall mean $204,000,000; provided that such
amount may not at any time exceed the aggregate Commitments at
any time in effect; provided, further, that from and after the
Termination Date the Facility Limit shall at all times equal
the Class A Invested Amount plus the aggregate Interest
Component of all outstanding Related Commercial Paper.
Section 3. Governing Law. This Amendment shall be construed in
accordance with the laws of the State of New York, without reference to its
conflict of law provisions, and the obligations, rights and remedies of the
parties hereunder shall be determined in accordance with such laws.
Section 4. Severability. If any one or more of the
covenants, agreements, provisions or terms of this Amendment shall for any
reason whatsoever be held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining covenants,
agreements, provisions or terms of this Amendment and shall in no way
affect the validity or enforceability of the other provisions of this
Amendment.
Section 5. Counterparts. This Amendment may be executed in any
number of counterparts (and by different parties on separate counterparts),
each of which shall be an original, but all of which together shall
constitute one and the same instrument.
Section 6. Headings. The headings herein are for purposes of
reference only and shall not otherwise affect the meaning or interpretation
of any provision hereof.
Page 2 of 3
IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Amendment as of the date first written above.
NORDSTROM fsb,
as Transferor
By: /s/ Xxxxx Xxxxxx
-----------------------------------
Name: XXXXX XXXXXX
Title: CEO
BANK OF AMERICA, N.A.,
as Agent and as a Bank Investor
By: /s/ Xxxxxxx Xxxxx
---------------------------------
Name: Xxxxxxx Xxxxx
Title: Vice President
ENTERPRISE FUNDING CORPORATION,
as Company
By: /s/ Xxxxx X. Xxxxx
---------------------------------
Name: Xxxxx X. Xxxxx
Title: Vice President
XXXXXX GUARANTY TRUST COMPANY OF NEW
YORK, as a Bank Investor
By: /s/ Xxxxxx Xxxxxxxxx
---------------------------------
Name: Xxxxxx Xxxxxxxxx
Title: Vice President
Page 3 of 3
