Omnibus Amendment to Series Supplements to Pooling and Servicing Agreement between Discover Bank and U.S. Bank National Association (March 30, 2001)

Summary

This amendment is between Discover Bank and U.S. Bank National Association, acting as Trustee for certificateholders. It modifies certain Series Supplements to a Pooling and Servicing Agreement related to Discover Card Master Trust I. The main change updates the rules for permitted investments, ensuring that any such investments mature before the next distribution date so funds are available for timely payments to investors. All other terms of the original agreements remain unchanged. The amendment is effective as of March 30, 2001.

EX-4.2 3 c61595ex4-2.txt OMNIBUS AMENDMENT TO SERIES SUPPLEMENTS 1 EXHIBIT 4.2 DISCOVER BANK Master Servicer, Servicer and Seller and U.S. BANK NATIONAL ASSOCIATION Trustee on behalf of the Certificateholders OMNIBUS AMENDMENT TO SERIES SUPPLEMENTS LISTED ON EXHIBIT A HERETO to POOLING AND SERVICING AGREEMENT Dated as of October 1, 1993 Dated as of March 30, 2001 2 THIS OMNIBUS AMENDMENT TO THE SERIES SUPPLEMENTS LISTED ON EXHIBIT A (the "Amendment"), dated as of March 30, 2001, is entered into by and between DISCOVER BANK (formerly Greenwood Trust Company), a Delaware banking corporation, as Master Servicer, Servicer and Seller ("Discover Bank") and U.S. BANK NATIONAL ASSOCIATION (formerly First Bank National Association, successor trustee to Bank of America Illinois, formerly Continental Bank, National Association), as Trustee (the "Trustee"). WHEREAS, Discover Bank and the Trustee have entered into certain SERIES SUPPLEMENTS (as amended prior to the date hereof, the "Agreements"), pursuant to Section 6.06 of that certain Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of October 1, 1993, as amended, relating to Discover Card Master Trust I; and WHEREAS, pursuant to subsections 13.01(a) of the Pooling and Servicing Agreement, Discover Bank and the Trustee desire to amend Section 8 of the Agreements. NOW, THEREFORE, in consideration of the foregoing and the mutual agreements herein contained, each party agrees as follows for the benefit of the other parties and for the benefit of the Certificateholders: 1. Definitions. Unless otherwise specified, capitalized terms used in this Amendment shall have the same meanings ascribed to them in the Agreement. 2. Amendments to Section 8. (a) The second sentence of the second paragraph of Section 8(e) is hereby amended and restated in its entirety to read as follows: Any Permitted Investment with a stated maturity shall mature on or prior to the following Distribution Date and any funds received with respect to the maturity of a Permitted Investment shall be available in sufficient time to allow for any payments to be made to the Investor Certificateholders on such Distribution Date. 3. Effect Upon the Agreement. Except as specifically set forth herein, the Agreement shall remain in full force and effect and is hereby ratified and confirmed. 4. Counterparts. This Amendment may be executed in two or more counterparts (and by different parties on separate counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. 3 IN WITNESS WHEREOF, Discover Bank and the Trustee have caused this Amendment to be duly executed by their respective officers as of the day and year first above written. DISCOVER BANK, as Master Servicer, Servicer and Seller By: /s/ Michael F. Rickert ----------------------------------------- Name: Michael F. Rickert Title: Vice President, Chief Accounting Officer and Treasurer U.S. BANK NATIONAL ASSOCIATION, as Trustee By: /s/ Nancie Arvin ------------------------------------------ Name: Nancie Arvin Title: Vice President 2 4 EXHIBIT A 1. Series 1993-3 Series Supplement, dated as of November 23, 1993, between Discover Bank and the Trustee 2. Series 1994-2 Series Supplement, dated as of October 14, 1994, between Discover Bank and the Trustee 3. Series 1995-1 Series Supplement, dated as of April 19, 1995, between Discover Bank and the Trustee 4. Series 1995-3 Series Supplement, dated as of September 28, 1995, between Discover Bank and the Trustee 5. Series 1996-2 Series Supplement, dated as of January 29, 1996, between Discover Bank and the Trustee 6. Series 1996-3 Series Supplement, dated as of February 21, 1996, between Discover Bank and the Trustee 7. Series 1996-4 Series Supplement, dated as of April 30, 1996, between Discover Bank and the Trustee 8. Series 1997-1 Series Supplement, dated as of August 26, 1997, between Discover Bank and the Trustee 9. Series 1997-2 Series Supplement, dated as of October 15, 1997, between Discover Bank and the Trustee 10. Series 1997-3 Series Supplement, dated as of October 23, 1997, between Discover Bank and the Trustee 11. Series 1998-2 Series Supplement, dated as of March 4, 1998, between Discover Bank and the Trustee 12. Series 1998-3 Series Supplement, dated as of March 25, 1998, between Discover Bank and the Trustee 13. Series 1998-4 Series Supplement, dated as of April 9, 1998, between Discover Bank and the Trustee 14. Series 1998-5 Series Supplement, dated as of June 12, 1998, between Discover Bank and the Trustee 3 5 15. Series 1998-6 Series Supplement, dated as of July 30, 1998, between Discover Bank and the Trustee 16. Series 1998-7 Series Supplement, dated as of November 12, 1998, between Discover Bank and the Trustee 17. Series 1999-1 Series Supplement, dated as of February 9, 1999, between Discover Bank and the Trustee 18. Series 1999-2 Series Supplement, dated as of March 10, 1999, between Discover Bank and the Trustee 19. Series 1999-3 Series Supplement, dated as of April 6, 1999, between Discover Bank and the Trustee 20. Series 1999-4 Series Supplement, dated as of April 27, 1999, between Discover Bank and the Trustee 21. Series 1999-5 Series Supplement, dated as of June 15, 1999, between Discover Bank and the Trustee 22. Series 1999-6 Series Supplement, dated as of December 14, 1999, between Discover Bank and the Trustee 23. Series 2000-1 Series Supplement, dated as of January 27, 2000, between Discover Bank and the Trustee 24. Series 2000-2 Series Supplement, dated as of March 14, 2000, between Discover Bank and the Trustee 25. Series 2000-3 Series Supplement, dated as of April 4, 2000, between Discover Bank and the Trustee 26. Series 2000-4 Series Supplement, dated as of May 10, 2000, between Discover Bank and the Trustee 27. Series 2000-A Series Supplement, dated as of May 22, 2000, between Discover Bank and the Trustee 28. Series 2000-5 Series Supplement, dated as of June 6, 2000, between Discover Bank and the Trustee 29. Series 2000-6 Series Supplement, dated as of June 19, 2000, between Discover Bank and the Trustee 4 6 30. Series 2000-7 Series Supplement, dated as of June 20, 2000, between Discover Bank and the Trustee 31. Series 2000-8 Series Supplement, dated as of October 24, 2000, between Discover Bank and the Trustee 32. Series 2000-9 Series Supplement, dated as of December 19, 2000, between Discover Bank and the Trustee 33. Series 2001-1 Series Supplement, dated as of January 4, 2001, between Discover Bank and the Trustee 34. Series 2001-2 Series Supplement, dated as of January 16, 2001, between Discover Bank and the Trustee 35. Series 2001-3 Series Supplement, dated as of March 15, 2001, between Discover Bank and the Trustee 5