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EX-4.1 - EX-4.1 - Discover Card Execution Note Trustd464380dex41.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 27, 2017

 

 

 

Commission File Number:    Commission File Number:    Commission File Number:    Commission File Number:

333-141703-02;

333-167413;

333-191359;

333-205455-01

  

333-141703;

333-167413-02;

333-191359-02;

333-205455-02;

000-23108

   333-205455   

333-141703-01;

333-167413-01;

333-191359-01;

033-54804

DISCOVER CARD
EXECUTION NOTE TRUST
   DISCOVER CARD
MASTER TRUST I
   DISCOVER FUNDING LLC    DISCOVER BANK

(Exact name of issuing entity in respect of the

notes as specified in charter)

   (Exact name of issuing entity in respect of the Series 2007-CC Collateral Certificate)    (Exact name of depositor as specified in charter)    (Exact name of sponsor as specified in charter)
Delaware    Delaware    Delaware    Delaware
(State or jurisdiction of
incorporation or organization
of the issuing entity)
   (State or jurisdiction of
incorporation or organization
of the issuing entity)
   (State or jurisdiction of
incorporation or organization
of the depositor)
   (State or jurisdiction of
incorporation or organization
of the sponsor)
c/o Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, Delaware
19890-0001
   c/o Discover Bank
12 Read’s Way
New Castle, Delaware
19720
  

Discover Funding LLC

12 Read’s Way
New Castle, Delaware
19720

   Discover Bank
12 Read’s Way
New Castle, Delaware
19720
(Address of principal executive offices of the issuing entity)    (Address of principal executive offices of the issuing entity)    (Address of principal executive offices of the depositor)    (Address of principal executive offices of the sponsor)

 

 

51-0020270

(IRS Employer Identification No. of

the sponsor and depositor)

47-4047337

(IRS Employer Identification No. of

the depositor)

(302) 323-7315

(Telephone, including area code)


Former name or former address, if changed since last report: Not Applicable

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 1.01 Entry Into a Material Definitive Agreement

On September 27, 2017, Discover Card Execution Note Trust and U.S. Bank National Association entered into the Omnibus Amendment to Specified Terms Documents to amend provisions related to the notice period requirements for the Calculation Agent, on behalf of the Issuer, to delay the Accumulation Period with respect to certain Class A, Class B and Class C Notes, subject to certain conditions as described in the Omnibus Amendment to Specified Terms Documents. A copy of the Omnibus Amendment to Specified Terms Documents is filed as Exhibit 4.1 to the Current Report on Form 8-K and is incorporated herein by reference.

Item 8.01. Other Events

On September 27, 2017, the commencement of the Accumulation Periods for certain tranches of DiscoverSeries Notes was delayed, pursuant to the terms of the Second Amended and Restated Indenture Supplement, dated as of December 22, 2015, by and between the Discover Card Execution Note Trust, as Issuer, and U.S. Bank National Association, as Indenture Trustee, and the applicable terms documents thereto.

Class A(2013-1) and Class A(2015-1) DiscoverSeries Notes. The commencement of the Accumulation Period for the Class A(2013-1) and Class A(2015-1) DiscoverSeries Notes was delayed until the first day of the Due Period related to the February 2018 Distribution Date.

Class A(2013-4), Class A(2013-6), Class A(2014-1), Class B(2015-1), Class C(2015-1), Class B(2015-2), Class A(2015-3), Class A(2016-1) and Class A(2016-2) DiscoverSeries Notes. The commencement of the Accumulation Period for the Class A(2013-4), Class A(2013-6), Class A(2014-1), Class B(2015-1), Class C(2015-1), Class B(2015-2), Class A(2015-3), Class A(2016-1) and Class A(2016-2) DiscoverSeries Notes was delayed until the first day of the Due Period related to the May 2018 Distribution Date.

Item 9.01 Exhibits

 

Exhibit 4.1
   Omnibus Amendment to Specified Terms Documents between Discover Card Execution Note Trust and U.S. Bank National Association


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: September 27, 2017

 

   

Discover Funding LLC

    (as Depositor for Discover Card Master Trust I and Discover Card Execution Note Trust and as registrant under Commission File Number 333-205455)

   
    By:  

/s/ Michael F. Rickert

      Michael F. Rickert
      Vice President, Chief Financial Officer and Treasurer

 

   

Discover Bank

    (as registrant under Commission File Numbers 333-141703-01, 333-167413-01 and 333-191359-01)

    By:  

/s/ Michael F. Rickert

      Michael F. Rickert
      Vice President, Chief Financial Officer and Assistant Treasurer