GE Dealer Floorplan Master Note Trust Asset Backed Notes Terms Agreement (Series 2009-1) with Banc of America Securities LLC

Contract Categories: Business Finance › Underwriting Agreements
Summary

This agreement, dated August 5, 2009, is between CDF Funding, Inc., General Electric Capital Corporation, and Banc of America Securities LLC. It sets the terms for Banc of America Securities LLC to purchase $500 million in Series 2009-1 asset-backed notes issued by the GE Dealer Floorplan Master Note Trust. The notes have a maturity date of July 21, 2014, and an interest rate of one month LIBOR plus 1.68% per year. The agreement outlines the purchase price, underwriting discount, and other related terms.

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EX-1.2 3 y02077bexv1w2.htm EX-1.2 exv1w2
Exhibit 1.2
GE DEALER FLOORPLAN
MASTER NOTE TRUST ASSET BACKED NOTES
TERMS AGREEMENT
(SERIES 2009-1)
     
 
  Dated: August 5, 2009
 
    
To:
  CDF Funding, Inc.
 
  General Electric Capital Corporation
 
    
Re:
  Underwriting Agreement, dated August 5, 2009, among CDF Funding, Inc.,
 
  General Electric Capital Corporation and the Underwriter referred to therein
1. Offered Notes.
     The notes described below in this Section 1 are the “Offered Notes” for the purpose of this Terms Agreement and for purposes of the above-referenced Underwriting Agreement (the “Underwriting Agreement”). The Underwriting Agreement is incorporated herein and made a part hereof. The Offered Notes are the Series 2009-1 Notes that will be issued by GE Dealer Floorplan Master Note Trust.
                 
                Final
Class   Principal Amount   Interest Rate   Maturity Date
A
  $ 500,000,000     One month LIBOR plus 1.68% per year   July 21, 2014
2. Underwriter
     The Underwriter named below is the “Underwriter” for the purpose of this Terms Agreement and for the Underwriting Agreement.
                 
Underwriter   Class Purchased   $ Purchased
Banc of America Securities LLC
     A     $ 500,000,000  
3. Underwriting Liability
         
Underwriting Liability   Class A
Banc of America Securities LLC
   $ 500,000,000  
Total Amount
   $ 500,000,000  

A-1

 

4. Purchase Price, Discounts and Concessions
         
    Class A
Gross Purchase Price
     100 %
Underwriting Discount
     0.300 %
Net Purchase Price
     99.700 %
Maximum Dealer Selling Concessions
     0.180 %
Maximum Dealer Reallowance Discounts
     0.090 %
5. Date of Sale
     August 5, 2009 (the date the first Contract of Sale was entered into as designated by the Underwriter).

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     The Underwriter agrees to purchase the Offered Notes subject to the terms and provisions of this Terms Agreement and the Underwriting Agreement.
         
  BANC OF AMERICA SECURITIES LLC,
as Underwriter
 		  
  By:   /s/ Benjamin Merrill    
    Name:   Benjamin Merrill   
    Title:   Vice President   

A-3

 

         
         
  Accepted and Agreed:

CDF FUNDING, INC.
 		  
  By:   /s/ John E. Peak    
    Name:   John E. Peak   
    Title:   Vice President   
 
  GENERAL ELECTRIC CAPITAL CORPORATION
 		  
  By:   /s/ Thomas A. Davidson    
    Name:   Thomas A Davidson   
    Title:   Authorized Signatory   
 

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