Exhibit 10.3.12
TWELFTH AMENDMENT
TO
AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT
This Twelfth Amendment dated as of November 20, 2001 to the Amended and
Restated Pooling and Servicing Agreement dated as of December 15, 1992 is among
PRIME RECEIVABLES CORPORATION (the "TRANSFEROR"), FDS BANK (formerly FDS
National Bank), a federal savings bank (the "SERVICER") and JP MORGAN CHASE
BANK, as successor in interest to The Chase Manhattan Bank, as Trustee (in such
capacity, the "TRUSTEE").
WITNESSETH
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WHEREAS, the Transferor, the Servicer and the Trustee entered into an
Amended and Restated Pooling and Servicing Agreement as of December 15, 1992, as
amended from time to time (the "Pooling and Servicing Agreement");
WHEREAS, the Transferor, the Servicer and the Trustee wish to amend
Schedule II of the Pooling and Servicing Agreement;
WHEREAS, Section 13.01 of the Pooling and Servicing Agreement permits
the amendment of Schedules subject to certain conditions;
NOW THEREFORE, in consideration of the premises and of the mutual
agreements contained herein, the parties hereto hereby agree as follows:
1. Schedule II as attached to the Pooling and Servicing Agreement is
hereby deleted in its entirety and Schedule II attached hereto is substituted
therefor.
2. Attached hereto is an Opinion of Counsel stating that the amendment
to the Pooling and Servicing Agreement effected by this Twelfth Amendment does
not adversely affect in any material respect the interests of the
Certificateholders, as defined in the Pooling and Servicing Agreement.
3. The Pooling and Servicing Agreement, as amended by this Twelfth
Amendment, shall continue in full force and effect among the parties hereto.
IN WITNESS WHEREOF, the parties hereto have caused this Twelfth
Amendment to be executed by their respective officers thereunto duly authorized,
as of the date first above written.
PRIME RECEIVABLES CORPORATION
By /s/ Susan P. Storer
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Title President
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FDS BANK
By /s/ Susan R. Robinson
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Title Treasurer
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JP MORGAN CHASE BANK
By /s/ Derek Ally
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Title Assistant Vice President
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OPINION OF COUNSEL
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November 20, 2001
Prime Receivables Corporation JP Morgan Chase Bank,
as Trustee
7 West Seventh Street 450 West 33rd Street
Cincinnati, OH 45202 New York, NY 10001
Re: Prime Receivables, Inc. Amended and Restated Pooling &
Servicing Agreement dated as of December 15, 1992 (the
"Agreement")
Ladies and Gentlemen:
As Deputy General Counsel of Federated Department Stores,
Inc., a Delaware corporation, the ultimate parent of Prime Receivables
Corporation, a Delaware corporation ("Prime"), I have acted as counsel to Prime
in connection with the Twelfth Amendment to the Agreement and the substitution
of Schedule II of the Agreement.
I have examined such documents, records and matters of law as
I have deemed necessary for purposes of this opinion. Based thereon, I am of the
opinion that the Twelfth Amendment to the Agreement and the deletion of the
current Schedule II to the Agreement and substitution therefor with an amended
Schedule II do not, in accordance with Section 13.01 of the Agreement, adversely
affect in any material respect the interest of any of the Investor
Certificateholders, as such term is defined in the Agreement.
Very truly yours,
/s/ John R. Sims
John R. Sims
SCHEDULE II
SCHEDULE OF LOCK-BOX ACCOUNTS
BANK NAME ORIGINATOR BANK ACCOUNT #
- --------- ---------- --------------
Bank of America Illinois All Originators 8188500959
231 South Lasalle St.
Chicago, IL 60697
Norwest All Originators 6355064529
MAC N9305-031 Prime Receivable Corp.
Sixth and Marquette St. Cloud, MN
Minneapolis, MN 55479 56396-1205
JP Morgan Chase Bank All Originators 323890075
Corporate Banking Electronic banking networks
Church Street Station
P.O. Box 932
New York, NY All Originators 400471302
10008-0932 Internet banking activity
PNC Bank Macy's 3001544986
201 East 5th Street P.O. Box 8021
Cincinnati, Ohio 45201 Mason OH
45040-8021
Fifth Third Bank Lazarus 71527336
38 Fountain Sq. Plaza P.O. Box 0064
Cincinnati, Ohio 45263 Cincinnati, Ohio 45274
First Hawaiian Bank Macy's 01-100750
999 Bishop Street P.O. Box 380001
Honolulu, HI 96813 Honolulu, HI 96838-001