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Alliance Data Systems Corp – ‘10-K’ for 12/31/09 – EX-10.105

On:  Monday, 3/1/10, at 9:06am ET   ·   For:  12/31/09   ·   Accession #:  1193125-10-43956   ·   File #:  1-15749

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/01/10  Alliance Data Systems Corp        10-K       12/31/09   37:5.7M                                   RR Donnelley/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.61M 
 2: EX-10.1     Office Lease                                        HTML    258K 
 3: EX-10.10    Letter Agreement                                    HTML     17K 
13: EX-10.101   Purchase and Sale Agreement                         HTML    113K 
14: EX-10.102   First Amendment to Purchase and Sale Agreement      HTML     25K 
15: EX-10.103   Second Amendment to Purchase and Sale Agreement     HTML     18K 
16: EX-10.104   Third Amendment to Purchase and Sale Agreement      HTML     24K 
17: EX-10.105   Consent to Purchase and Sale Agreement              HTML     23K 
18: EX-10.106   Fourth Amendment to Purchase and Sale Agreement     HTML     48K 
19: EX-10.107   Second Amended and Restated Pooling and Servicing   HTML    472K 
                          Agreement                                              
20: EX-10.108   First Amendment to Second Amended and Restated      HTML     25K 
                          Pooling and Servicing Agreement                        
21: EX-10.109   Second Amendment to Second Amended and Restated     HTML     25K 
                          Pooling and Servicing Agreement                        
22: EX-10.110   Fourth Amendment to Second Amended and Restated     HTML     24K 
                          Pooling and Servicing Agreement                        
23: EX-10.111   Amendment to Second Amended and Restated Pooling    HTML     21K 
                          and Servicing Agreement                                
24: EX-10.112   Amendment to Second Amended and Restated Pooling    HTML     42K 
                          and Servicing Agreement                                
25: EX-10.113   Sixth Amendment to Second Amended and Restated      HTML     55K 
                          Pooling and Servicing Agreement                        
26: EX-10.122   Series 2006-A Indenture Supplement                  HTML    281K 
27: EX-10.123   Series 2007-I Indenture Supplement                  HTML    327K 
28: EX-10.124   Series 2009-Vfc1 Indenture Supplement               HTML    194K 
29: EX-10.125   Series 2009-Vfn Indenture Supplement                HTML    211K 
30: EX-10.126   Series 2009-Vfn Indenture Supplement                HTML    214K 
 4: EX-10.14    Third Amendment to Lease Agreement                  HTML     38K 
 5: EX-10.19    Lease Amending Agreement by and Between Dundeal     HTML     62K 
                          Canada Inc. and Loyaltyone Inc.                        
 6: EX-10.21    Third Lease Amendment                               HTML     32K 
 7: EX-10.26    Lease of Space                                      HTML    349K 
 8: EX-10.44    Amendment No. One to Performance-Based Restricted   HTML     15K 
                          Stock Unit Award Agreement                             
 9: EX-10.51    Amendment No. One to Canadian Performance-Based     HTML     15K 
                          Restricted Stock Unit Award Agmt                       
10: EX-10.60    Amended and Restated Alliance Data Systems 401(K)   HTML    359K 
                          and Retirement Savings Plan                            
11: EX-10.61    Form of Performance-Based Restricted Stock Unit     HTML     39K 
                          Award Agreement                                        
12: EX-10.62    Form of Canadian Performance-Based Restricted       HTML     39K 
                          Stock Unit Award Agreement                             
31: EX-12.1     Statement Re Computation of Ratios                  HTML     14K 
32: EX-21       Subsidiaries of the Registrant                      HTML     30K 
33: EX-23.1     Consent of Deloitte & Touche LLP                    HTML     14K 
34: EX-31.1     Certification of CEO Pursuant to Rule 13A-14(A)     HTML     17K 
35: EX-31.2     Certification of CFO Pursuant to Rule 13A-14(A)     HTML     17K 
36: EX-32.1     Certification of CEO Pursuant to Rule 13A-14(B)     HTML     15K 
37: EX-32.2     Certification of CFO Pursuant to Rule 13A-14(B)     HTML     15K 


EX-10.105   —   Consent to Purchase and Sale Agreement


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Consent to Purchase and Sale Agreement  

Exhibit 10.105

EXECUTION COPY

CONSENT

Dated as of October 17, 2007

to

PURCHASE AND SALE AGREEMENT

Dated as of November 25, 1997

THIS CONSENT to PURCHASE AND SALE AGREEMENT (“Consent”) is entered into as of October 17, 2007 by and between SPIRIT OF AMERICA NATIONAL BANK (“Bank”), a national banking association, as Seller, and CHARMING SHOPPES RECEIVABLES CORP. (“CSRC”), a Delaware corporation, as Purchaser. Each capitalized term used but not defined herein has the meaning ascribed thereto in the Purchase and Sale Agreement, dated as of November 25, 1997 (as amended on July 22, 1999November 9, 2000 and May 8, 2001, and as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Purchase and Sale Agreement”), by and between Bank and CSRC, or, if not defined therein, in that certain Second Amended and Restated Pooling and Servicing Agreement, dated as of November 25, 1997 (as amended on July 22, 1999May 8, 2001August 5, 2004 and March 18, 2005, and on the date hereof, the “Pooling and Servicing Agreement”) among Spirit of America, Inc., as Servicer, CSRC, as Seller, and U.S. Bank National Association, as Trustee (“Trustee”).

PRELIMINARY STATEMENTS

A. Bank wishes to obtain certain consents, and CSRC is willing to extend such waivers and consents on the terms and subject to the conditions set forth in this Consent.

B. In consideration of the foregoing, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

C. The Bank expects to acquire from World Financial Network National Bank (“WFN”), and to convey to CSRC, Receivables and Related Assets which arise under a portfolio of proprietary credit cards used primarily at Lane Bryant® stores (the “Lane Bryant Portfolio”) The purchase price paid by the Bank to WFN at the closing is subject to adjustment to take into account differences in account balances between the actual account balances and the closing date estimate thereof, as provided in the Bank’s purchase agreement with WFN (the “WFN Agreement”). The parties hereto desire to take such adjustment into account in the purchase price paid by CSRC to the Bank for the Lane Bryant Portfolio.

SECTION 1. Consents in respect of the Purchase and Sale Agreement. Effective as of the date hereof, subject to the satisfaction of the condition precedent set forth in Section 2 below, the Purchase and Sale Agreement is hereby modified pursuant to the following consents:

1.1 The Bank is hereby permitted to make adjustments (the “Lane Bryant Adjustments”) to the Purchase Price for the Lane Bryant Portfolio concurrently with the corresponding adjustment under the WFN Purchase Agreement, in an amount equal to any amount payable by Bank to WFN, or by WFN to the Bank with respect to the adjustment to the purchase price for the Lane Bryant Portfolio paid by the Bank to WFN (the “WFN Adjustment”).


Promptly upon determination of such WFN Adjustment, CSRC shall pay to the Bank, an amount equal to the WFN Adjustment, if any, payable by the Bank to WFN. On the date of the WFN Adjustment, the Bank shall pay to CSRC an amount equal to the WFN Adjustment, if any, paid by WFN to the Bank.

1.2 On the Distribution Date following any Lane Bryant Adjustment, CSRC and the Bank agree to settle the amount due under such Lane Bryant Adjustment, either from CSRC to the Bank, or from the Bank to CSRC, as applicable, in full in cash.

SECTION 2. Condition Precedent. This Consent shall become effective and be deemed effective as of the date first above written upon the following conditions precedent:

2.1 Delivery of an Opinion of Counsel meeting the requirements of Section 7.1(a) of the Purchase and Sale Agreement; and

2.2 Receipt by the Trustee of fully executed copies of this Consent and that certain Amendment to the Pooling and Servicing Agreement, of even date herewith.

SECTION 3. Reference to and Effect on the Purchase and Sale Agreement.

3.1 Upon the effectiveness of this Consent, each reference in the Purchase and Sale Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” “hereby” or words of like import shall mean and be a reference to the Purchase and Sale Agreement as modified hereby, and each reference to the Purchase and Sale Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Purchase and Sale Agreement shall mean and be a reference to the Purchase and Sale Agreement as modified hereby.

3.2 Except as specifically modified hereby, the Purchase and Sale Agreement and the other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed.

SECTION 4. GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

SECTION 5. Execution in Counterparts. This Consent may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument. A facsimile copy of a signature hereto shall have the same effect as the original thereof.

SECTION 6. Headings. Section headings in this Consent are included herein for convenience of reference only and shall not constitute a part of this Consent for any other purpose.

 

2


IN WITNESS WHEREOF, the parties have caused this Consent to be executed by their respective officers thereunto duly authorized, as of the date first above written.

 

CHARMING SHOPPES RECEIVABLES CORP., as Purchaser
By:   /s/ Kirk R. Simme
Name:   Kirk R. Simme
Title:   Vice President

 

SPIRIT OF AMERICA NATIONAL BANK, as Seller
By:   /s/ Kirk R. Simme
Name:   Kirk R. Simme
Title:   President

 

S-1


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/1/10
For Period End:12/31/0911-K
10/17/078-K
3/18/05
8/5/04
5/8/01
11/9/00
7/22/99
11/25/97
 List all Filings 


8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/29/11  SEC                               UPLOAD9/21/17    1:45K  Bread Financial Holdings, Inc.
 1/26/11  SEC                               UPLOAD9/21/17    1:60K  Bread Financial Holdings, Inc.
12/23/10  SEC                               UPLOAD9/21/17    1:56K  Bread Financial Holdings, Inc.
11/22/10  SEC                               UPLOAD9/21/17    1:58K  Bread Financial Holdings, Inc.
 9/23/10  SEC                               UPLOAD9/21/17    1:60K  Bread Financial Holdings, Inc.
 7/20/10  SEC                               UPLOAD9/21/17    1:78K  Bread Financial Holdings, Inc.
 5/28/10  SEC                               UPLOAD9/21/17    1:56K  Bread Financial Holdings, Inc.
 4/01/10  SEC                               UPLOAD9/21/17    1:80K  Bread Financial Holdings, Inc.
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Filing Submission 0001193125-10-043956   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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