Exhibit 10.4
FOURTH AMENDMENT TO NOTE PURCHASE AGREEMENT
THIS FOURTH AMENDMENT TO NOTE PURCHASE AGREEMENT (this "Amendment")
dated as of May 28, 2004, is entered into among NORDSTROM PRIVATE LABEL
RECEIVABLES LLC (the "Transferor"), NORDSTROM, FSB (the "Servicer"), FALCON
ASSET SECURITIZATION CORPORATION (the "Conduit Purchaser"), BANK ONE, NA
(MAIN OFFICE CHICAGO), as agent (in such capacity, the "Agent") and as
committed purchaser (in such capacity, the "Committed Purchaser").
BACKGROUND
1. The Transferor, Servicer, Conduit Purchaser, Agent and Committed
Purchaser are parties to the Note Purchase Agreement dated as of December 4,
2001 (as amended through the date hereof, the "Agreement"); and
2. The parties hereto desire to amend the Agreement as set forth
herein.
NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:
SECTION 1. Definitions. Capitalized terms used in this Amendment and
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not otherwise defined herein shall have the meanings assigned thereto in the
Agreement.
SECTION 2. Amendment of Class A Maximum Principal Balance. The
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definition of the term "Class A Maximum Principal Balance" contained in
Section 1 of the Agreement is hereby amended by deleting the reference to
"$200,000,000" where it appears in such definition and substituting therefor
"$150,000,000".
SECTION 3. Miscellaneous. The Agreement, as amended hereby, remains in
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full force and effect. Any reference to the Agreement from and after the
date hereof shall be deemed to refer to the Agreement as amended hereby,
unless otherwise expressly stated. This Amendment shall be governed by, and
construed in accordance with, the laws of the State of New York. This
Amendment may be executed by the parties hereto in any number of counterparts
and by the different parties on separate counterparts. Each such counterpart
shall be deemed to be an original, and all such counterparts shall when taken
together constitute but one and the same Amendment.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of the
date first above written.
NORDSTROM PRIVATE LABEL
RECEIVABLES LLC,
as Transferor
By: /s/ Xxxx X. Xxxxxxx
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Name: Xxxx X. Xxxxxxx
Title: Treasurer
NORDSTROM FSB,
as Servicer
By: /s/ Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxx
Title: Chairman/CEO
FALCON ASSET SECURITIZATION
CORPORATION
as Conduit Purchaser
By: /s/ Xxxxxxx Xxxxxxxxx
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Name: Xxxxxxx Xxxxxxxxx
Title: Authorized Signatory
BANK ONE, NA (MAIN OFFICE CHICAGO),
as Agent
By: /s/ Xxxxxxx Xxxxxxxxx
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Name: Xxxxxxx Xxxxxxxxx
Title: Director, Capital Markets
BANK ONE, NA (MAIN OFFICE CHICAGO),
as a Committed Purchaser
By: /s/ Xxxxxxx Xxxxxxxxx
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Name: Xxxxxxx Xxxxxxxxx
Title: Director, Capital Markets
Purchaser Percentage: 100%
