ISDA® International Swaps and Derivatives Association, Inc. NOVATION AGREEMENT dated as of March 5, 2010 among: GE CAPITAL CREDIT CARD MASTER NOTE TRUST (the “Remaining Party”), THE ROYAL BANK OF SCOTLAND N.V. (the “Transferor”) AND THE ROYAL BANK OF...Novation Agreement • March 9th, 2010 • GE Capital Credit Card Master Note Trust • Asset-backed securities • New York
The parent group of the Transferee has agreed, pursuant to a separate agreement, to purchase the wholesale businesses of the Transferor. The Transferor and the Remaining Party have entered into one or more Transactions as identified in Exhibit 1 (each an “Old Transaction”), each evidenced by a Confirmation which, for the avoidance of doubt, shall include, without limitation, any master confirmation agreement or long-form confirmation which may or may not reference a master agreement (an “Old Confirmation”) subject to a 2002 ISDA Master Agreement dated as of June 30, 2005 (the “Old Agreement”). Pursuant to the terms of this Novation Agreement (the “Agreement”), the Remaining Party and the Transferee have entered into a New Agreement (as defined below).
