Common use of Amendments to the Servicing Agreement Clause in Contracts

Amendments to the Servicing Agreement. The Servicing Agreement is hereby amended as follows: (a) The first sentence of Section 6.1 shall be amended and restated as follows: “Servicer may resign in the circumstances set forth in clause (a), (b) or (c) of this Section 6.1. (b) The following subsection (c) shall be added at the end of Section 6.1: (c) Notwithstanding anything to the contrary in this Section 6.1, Servicer may resign from the obligations and duties imposed hereunder if Synchrony Financial or an Affiliate of Synchrony Bank shall have accepted its appointment as Successor Servicer and assumed the responsibilities and obligations of Servicer in accordance with Section 6.2; provided that the ratings requirement set forth in the first sentence of Section 6.2 shall not apply to Synchrony Financial or any Affiliate of Synchrony Bank that is appointed as Successor Servicer and, for the avoidance of doubt, satisfaction of the Rating Agency Condition shall not be required for such resignation. Servicer may not resign pursuant to this Section 6.1(c) prior to the date on which the Notes of all Series that are Outstanding on July 16, 2014 shall have either been paid in full or shall have consented to such appointment.”