Exhibit No

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  

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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   

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  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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