DISCOVER CARD EXECUTION NOTE TRUST (Issuer) DISCOVER BANK (Originator and Servicer) DISCOVER FUNDING LLC (Depositor) Underwriting Agreement (Standard Terms) DiscoverSeries Class A(2016-2)Underwriting Agreement • April 14th, 2016 • Discover Card Master Trust I • Asset-backed securities • New York
Discover Card Execution Note Trust, a statutory trust created under the laws of the State of Delaware (the “Issuer”), and Discover Funding LLC, a Delaware limited liability company (“Funding”), as depositor (in such capacity, the “Depositor”) of the Issuer, propose, subject to the terms and conditions stated herein, to cause to be issued and sold from time to time notes of the series, classes and tranches designated in the applicable Terms Agreement (as hereinafter defined) (the “Notes”). The Notes will be issued pursuant to the Amended and Restated Indenture, dated as of December 22, 2015, as supplemented by the Second Amended and Restated Indenture Supplement, dated as of December 22, 2015, and a Terms Document having the date stated in the applicable Terms Agreement (as so supplemented and as otherwise
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2016-3) ASSET BACKED NOTES TERMS AGREEMENT Dated: April 13, 2016Terms Agreement • April 14th, 2016 • Discover Card Master Trust I • Asset-backed securities
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2016-3) TERMS DOCUMENT Dated as of April 19, 2016 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Card Master Trust I • April 14th, 2016 • Asset-backed securities • New York
THIS CLASS A(2016-3) 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 19, 2016.
DISCOVER CARD EXECUTION NOTE TRUST Issuer and U.S. BANK NATIONAL ASSOCIATION Indenture Trustee CLASS A(2016-2) TERMS DOCUMENT Dated as of April 19, 2016 to SECOND AMENDED AND RESTATED INDENTURE SUPPLEMENT Dated as of December 22, 2015 for the...Discover Card Master Trust I • April 14th, 2016 • Asset-backed securities • New York
THIS CLASS A(2016-2) 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 April 19, 2016.
DISCOVER CARD EXECUTION NOTE TRUST DISCOVERSERIES Class A(2016-2) ASSET BACKED NOTES TERMS AGREEMENT Dated: April 13, 2016Terms Agreement • April 14th, 2016 • Discover Card Master Trust I • Asset-backed securities
Interest Rate or Formula: One-month LIBOR plus 0.54% per year; provided, that if the sum of one-month LIBOR plus 0.54% 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%.
