AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT
This Ninth Amendment to Amended and Restated Pooling and
Servicing Agreement, made as of August 28, 1997 (this "Amendment"),
is among PRIME RECEIVABLES CORPORATION (the "Transferor"), FDS
NATIONAL BANK (successor servicer to Federated Department Stores,
Inc.), as servicer (in such capacity, the "Servicer"), and THE CHASE
MANHATTAN BANK (formerly Chemical Bank), as trustee (the "Trustee").
Capitalized terms used in this Amendment and not otherwise defined
have the meanings assigned to such terms in the Pooling and Servic
ing Agreement (as defined below).
PRELIMINARY STATEMENTS:
1. The Purchaser, the Servicer and the Trustee are
parties to the Amended and Restated Pooling and Servicing Agreement
dated as of December 15, 1992 (as amended, restated, supplemented or
otherwise modified from time to time, the "pooling and Servicing
Agreement").
2. Section 13.01(a) of the Master Pooling and Servicing
Agreement provides that the Servicer, the Transferor and the Trust
ee, without the consent of Certificateholders, may amend the Pooling
and Servicing Agreement from time to time upon the satisfaction of
certain conditions;
3. The Servicer and Transferor and the Trustee desire to
amend the Series 1992-2 Supplement as set forth below; and
AGREEMENT
The Transferor, the Servicer and the Trustee agree to the
following terms and conditions:
1. Definitions. Section 1.1 of the Pooling and Servic
ing Agreement shall be amended by replacing the definition of
"Minimum Aggregate Principal Receivables" contained therein with the
following:
"Minimum Aggregate Principal Receivables" shall mean, as
of any date of determination, an amount equal to the sum of (a) the
Initial Invested Amounts for all outstanding Series on such date
except a Series created pursuant to a Variable Funding Supplement at
any time or a Paired Series at any time, (b) with respect to the
Series created pursuant to a Variable Funding Supplement, during the
Revolving Period for such Series, the Invested Amount on such date
of determination or, during the Amortization Period for such Series,
the Invested Amount of such Series on the last day of the Revolving
Period for such Series and (c) with respect to any Paired Series,
the Invested Amount of such Series as of the preceding Distribution
Date (after taking into account any payments or adjustments made on
such Distribution Date).
2. Counterparts. This Amendment may be executed simulta
neously in any number of counterparts, each of which counterparts
shall be deemed to be an original, and all of which counterparts
shall constitute one and the same instrument.
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, AND WITHOUT LIMITING THE GENERALITY OF THE FOREGO
ING, THE IMMUNITY AND STANDARD OF CARE OF THE TRUSTEE IN THE ADMIN
ISTRATION OF THE TRUST HEREUNDER SHALL BE GOVERNED BY THE LAWS OF
THE STATE OF NEW YORK.
4. Effective Date. This Amendment shall become effec
tive as of the day and year first above written.
IN WITNESS WHEREOF, the Servicer, the Transferor and the
Trustee have caused this Amendment to be duly executed by their
respective officers, thereunto duly authorized, as of the day and
year first above written.
PRIME RECEIVABLES CORPORATION
Transferor
By: /s/ Xxxxx X. Xxxxxx
Name: Xxxxx X. Xxxxxx
Title: President
FDS NATIONAL BANK,
Servicer
By: /s/ Xxxxx X. Xxxxxxxx
Name: Xxxxx X. Xxxxxxxx
Title: Treasurer
THE CHASE MANHATTAN BANK
Trustee
By: /s/ Xxxx XxXxxxx
Name: Xxxx XxXxxxx
Title: Trust Officer
