Exhibit No
EX-1.2 3 y02077bexv1w2.htm EX-1.2 exv1w2
Exhibit 1.2
GE DEALER FLOORPLAN
MASTER NOTE TRUST ASSET BACKED NOTES
MASTER NOTE TRUST ASSET BACKED NOTES
TERMS AGREEMENT
(SERIES 2009-1)
(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).
A-2
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 | |||
A-4