CREDIT ENHANCEMENT AGREEMENT among as Trustee, DISCOVER BANK as Master Servicer, Servicer and Seller and DISCOVER RECEIVABLES FINANCING CORPORATION as Credit Enhancement Provider Dated as of October 3, 2006 DISCOVER CARD MASTER TRUST I SERIES 2006-3Credit Enhancement Agreement • October 3rd, 2006 • Discover Bank • Asset-backed securities • New York
CREDIT ENHANCEMENT AGREEMENT, dated as of October 3, 2006 among U.S. BANK NATIONAL ASSOCIATION (formerly First Bank National Association, successor trustee to Bank of America Illinois, formerly Continental Bank, National Association) as trustee (together with its successors and assigns as trustee, the “Trustee”) for Discover Card Master Trust I (the “Trust”), DISCOVER BANK (formerly Greenwood Trust Company) (“Discover Bank”) as Master Servicer, Servicer and Seller with respect to the Trust and DISCOVER RECEIVABLES FINANCING CORPORATION as cash collateral depositor (the “Credit Enhancement Provider”).
DISCOVER BANK Master Servicer, Servicer and Seller and U.S. BANK NATIONAL ASSOCIATION Trustee on behalf of the Certificateholders SERIES SUPPLEMENT Dated as of October 3, 2006 to AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT Dated as of...Pooling and Servicing Agreement • October 3rd, 2006 • Discover Bank • Asset-backed securities • New York
This Series of Master Trust Certificates is established pursuant to Section 6.06 of that certain Amended and Restated Pooling and Servicing Agreement, dated as of November 3, 2004, as amended, by and between DISCOVER BANK, a Delaware banking corporation (“Discover Bank”), as Master Servicer, Servicer and Seller and U.S. BANK NATIONAL ASSOCIATION (the “Trustee”), as Trustee (the “Pooling and Servicing Agreement”). This SERIES TERM SHEET and the ANNEX attached hereto, by and among the Master Servicer, the Servicers, the Sellers and the Trustee, constitute the SERIES SUPPLEMENT (the “Series Supplement”). The Pooling and Servicing Agreement and this Series Supplement together establish the Series of Master Trust Certificates to be known as the DISCOVER CARD MASTER TRUST I, SERIES 2006-3 CERTIFICATES.
