LIMITED LIABILITY COMPANY AGREEMENT OF DISCOVER FUNDING LLCLimited Liability Company Agreement • June 30th, 2015 • Discover Funding LLC • Delaware
This Directors’ Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Directors’ Agreement and all of which together shall constitute one and the same instrument.
DISCOVER CARD EXECUTION NOTE TRUST (Issuer) DISCOVER BANK (Originator and Servicer) DISCOVER FUNDING LLC (Depositor) Underwriting Agreement (Standard Terms) DiscoverSeries Class A(2019-3)Underwriting Agreement • October 25th, 2019 • Discover Funding LLC • Asset-backed securities • New York
ContractRisk Retention Agreement • October 12th, 2018 • Discover Funding LLC • Asset-backed securities • New York
RISK RETENTION AGREEMENT, dated as of October 11, 2018 (this “Agreement”), by and among DISCOVER BANK, a Delaware banking corporation (“Discover Bank”), DISCOVER FUNDING LLC, a Delaware limited liability company (“Discover Funding”), and DISCOVER CARD EXECUTION NOTE TRUST, a Delaware statutory trust (the “Issuer”).
ContractRisk Retention Agreement • November 1st, 2019 • Discover Funding LLC • Asset-backed securities • New York
RISK RETENTION AGREEMENT, dated as of October 31, 2019 (this “Agreement”), by and among DISCOVER BANK, a Delaware banking corporation (“Discover Bank”), DISCOVER FUNDING LLC, a Delaware limited liability company (“Discover Funding”), and DISCOVER CARD EXECUTION NOTE TRUST, a Delaware statutory trust (the “Issuer”).
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2019-1) TERMS DOCUMENT Dated as of February 1, 2019 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • February 4th, 2019 • Asset-backed securities • New York
THIS CLASS A(2019-1) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of February 1, 2019.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2018-6) TERMS DOCUMENT Dated as of October 11, 2018 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • October 12th, 2018 • Asset-backed securities • New York
THIS CLASS A(2018-6) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of October 11, 2018.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2016-4) TERMS DOCUMENT Dated as of September 21, 2016 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • September 21st, 2016 • Asset-backed securities • New York
THIS CLASS A(2016-4) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of September 21, 2016.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2018-1) TERMS DOCUMENT Dated as of March 14, 2018 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • March 15th, 2018 • Asset-backed securities • New York
THIS CLASS A(2018-1) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of March 14, 2018.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2019-3) TERMS DOCUMENT Dated as of October 31, 2019 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • November 1st, 2019 • Asset-backed securities • New York
THIS CLASS A(2019-3) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of October 31, 2019.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2017-3) TERMS DOCUMENT Dated as of April 25, 2017 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • April 25th, 2017 • Asset-backed securities • New York
THIS CLASS A(2017-3) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of April 25, 2017.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2018-3) TERMS DOCUMENT Dated as of June 26, 2018 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Indenture • June 27th, 2018 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS A(2018-3) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of June 26, 2018.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2018-5) TERMS DOCUMENT Dated as of October 11, 2018 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • October 12th, 2018 • Asset-backed securities • New York
THIS CLASS A(2018-5) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of October 11, 2018.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2017-5) TERMS DOCUMENT Dated as of June 30, 2017 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Indenture • June 27th, 2017 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS A(2017-5) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of June 30, 2017.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2017-7) TERMS DOCUMENT Dated as of October 10, 2017 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Indenture • October 11th, 2017 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS A(2017-7) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of October 10, 2017.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2018-2) TERMS DOCUMENT Dated as of March 14, 2018 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • March 15th, 2018 • Asset-backed securities • New York
THIS CLASS A(2018-2) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of March 14, 2018.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2017-1) TERMS DOCUMENT Dated as of January 20, 2017 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • January 23rd, 2017 • Asset-backed securities • New York
THIS CLASS A(2017-1) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of January 20, 2017.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2019-2) TERMS DOCUMENT Dated as of July 30, 2019 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • July 31st, 2019 • Asset-backed securities • New York
THIS CLASS A(2019-2) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of July 30, 2019.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2017-4) TERMS DOCUMENT Dated as of April 25, 2017 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • April 25th, 2017 • Asset-backed securities • New York
THIS CLASS A(2017-4) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of April 25, 2017.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2018-4) TERMS DOCUMENT Dated as of July 31, 2018 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • July 31st, 2018 • Asset-backed securities • New York
THIS CLASS A(2018-4) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of July 31, 2018.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2017-6) TERMS DOCUMENT Dated as of August 14, 2017 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • August 14th, 2017 • Asset-backed securities • New York
THIS CLASS A(2017-6) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of August 14, 2017.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS C(2020-3) TERMS DOCUMENT Dated as of December 9, 2020 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Indenture • December 11th, 2020 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS C(2020-3) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of December 9, 2020.
FIRST AMENDMENT TO THIRD AMENDED AND RESTATED SERVICES ADDENDUMDiscover Funding LLC • July 16th, 2018 • Asset-backed securities
THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED SERVICES ADDENDUM (“Amendment”) is entered into as of July 16, 2018 by and among Discover Products Inc. (“DPI”) and Discover Bank (“DB”).
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS C(2019-1) TERMS DOCUMENT Dated as of August 27, 2019 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Indenture • August 28th, 2019 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS C(2019-1) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of August 27, 2019.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS C(2017-2) TERMS DOCUMENT Dated as of December 7, 2017 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Funding LLC • December 7th, 2017 • Asset-backed securities • New York
THIS CLASS C(2017-2) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of December 7, 2017.
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2019-3) ASSET BACKED NOTES TERMS AGREEMENT Dated: October 24, 2019Terms Agreement • October 25th, 2019 • Discover Funding LLC • Asset-backed securities
DISCOVER CARD EXECUTION NOTE TRUST Issuer and Indenture Trustee CLASS B(2018-1) TERMS DOCUMENT Dated as of August 30, 2018 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the DiscoverSeries Notes to AMENDED AND...Discover Funding LLC • August 30th, 2018 • Asset-backed securities • New York
THIS CLASS B(2018-1) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of August 30, 2018.
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2017-7) ASSET BACKED NOTES TERMS AGREEMENT Dated: October 2, 2017Terms Agreement • October 3rd, 2017 • Discover Funding LLC • Asset-backed securities
Interest Rate or Formula: One-month LIBOR plus 0.36% per year; provided, that if the sum of one-month LIBOR plus 0.36% is less than 0.00% for any interest accrual period, then the Interest Rate for the Notes for such interest accrual period will be deemed to be 0.00%.
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2018-3) ASSET BACKED NOTES TERMS AGREEMENT Dated: June 19, 2018Terms Agreement • June 20th, 2018 • Discover Funding LLC • Asset-backed securities
Interest Rate or Formula: One-month LIBOR plus 0.23% per year; provided, that if the sum of one-month LIBOR plus 0.23% is less than 0.00% for any interest accrual period, then the Interest Rate for the Notes for such interest accrual period will be deemed to be 0.00%.
OMNIBUS AMENDMENT TO SPECIFIED TERMS DOCUMENTSTerms Documents • October 26th, 2016 • Discover Funding LLC • Asset-backed securities
THIS OMNIBUS AMENDMENT TO SPECIFIED TERMS DOCUMENTS, dated as of October 26, 2016 (this “Agreement”), is entered into between: (i) Discover Card Execution Note Trust, a Delaware statutory trust, as issuer (the “Issuer”), and (ii) U.S. Bank National Association, a national banking association, as indenture trustee under the Indenture referred to below (in such capacity, the “Indenture Trustee”).
DISCOVER CARD EXECUTION NOTE TRUST Issuer and Indenture Trustee CLASS B(2020-4) TERMS DOCUMENT Dated as of December 9, 2020 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the DiscoverSeries Notes to AMENDED AND...Indenture • December 11th, 2020 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS B(2020-4) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of December 9, 2020.
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2017-2) ASSET BACKED NOTES TERMS AGREEMENT Dated: January 13, 2017Terms Agreement • January 17th, 2017 • Discover Funding LLC • Asset-backed securities
DISCOVER CARD EXECUTION NOTE TRUST Issuer and Indenture Trustee CLASS B(2020-2) TERMS DOCUMENT Dated as of December 9, 2020 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the DiscoverSeries Notes to AMENDED AND...Indenture • December 11th, 2020 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS B(2020-2) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of December 9, 2020.
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2018-4) ASSET BACKED NOTES TERMS AGREEMENT Dated: July 24, 2018Terms Agreement • July 25th, 2018 • Discover Funding LLC • Asset-backed securities
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2018-5) ASSET BACKED NOTES TERMS AGREEMENT Dated: October 4, 2018Terms Agreement • October 5th, 2018 • Discover Funding LLC • Asset-backed securities
DISCOVER CARD EXECUTION NOTE TRUST Issuer and Indenture Trustee CLASS B(2020-3) TERMS DOCUMENT Dated as of December 9, 2020 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the DiscoverSeries Notes to AMENDED AND...Indenture • December 11th, 2020 • Discover Funding LLC • Asset-backed securities • New York
THIS CLASS B(2020-3) TERMS DOCUMENT (this “Terms Document”), by and between DISCOVER CARD EXECUTION NOTE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of December 9, 2020.
