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SIXTH AMENDMENT TO CREDIT CARD PROGRAM AGREEMENT

Loan Agreement

SIXTH AMENDMENT TO CREDIT CARD PROGRAM AGREEMENT | Document Parties: MACY'S, INC. | Bloomingdale's, Inc | Citibank, NA | Department Stores National Bank | FACS Group, Inc | FDS Bank | Federated Department Stores, Inc | MACY'S CREDIT AND CUSTOMER SERVICE, INC | Macy's Credit and Customer Services, Inc | Macy's Department Stores, Inc | Macy's, Inc You are currently viewing:
This Loan Agreement involves

MACY'S, INC. | Bloomingdale's, Inc | Citibank, NA | Department Stores National Bank | FACS Group, Inc | FDS Bank | Federated Department Stores, Inc | MACY'S CREDIT AND CUSTOMER SERVICE, INC | Macy's Credit and Customer Services, Inc | Macy's Department Stores, Inc | Macy's, Inc

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Title: SIXTH AMENDMENT TO CREDIT CARD PROGRAM AGREEMENT
Governing Law: Delaware     Date: 9/8/2009
Industry: Retail (Department and Discount)     Sector: Services

SIXTH AMENDMENT TO CREDIT CARD PROGRAM AGREEMENT, Parties: macy's  inc. , bloomingdale's  inc , citibank  na , department stores national bank , facs group  inc , fds bank , federated department stores  inc , macy's credit and customer service  inc , macy's credit and customer services  inc , macy's department stores  inc , macy's  inc
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Exhibit 10.11

Confidential Treatment Requested . Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as “[Redacted].” A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.

SIXTH AMENDMENT TO

CREDIT CARD PROGRAM AGREEMENT

This SIXTH AMENDMENT TO CREDIT CARD PROGRAM AGREEMENT (this “ Sixth Amendment ”) is effective as of June 1, 2009 (the “ Effective Date ”), by and among Macy’s, Inc., f/k/a Federated Department Stores, Inc., a Delaware corporation, (“ Macy’s, Inc. ”), FDS Bank, a federally-chartered stock savings bank (“ FDS Bank ”), Macy’s Credit and Customer Services, Inc., f/k/a FACS Group, Inc., an Ohio corporation (“ MCCS ”), Macy’s Department Stores, Inc., an Ohio corporation (“ Macy’s ”), Bloomingdale’s, Inc., an Ohio corporation (“ Bloomingdale’s ”) (collectively the “ Macy’s Companies ”), and Department Stores National Bank, a national banking association, as assignee of Citibank, N.A. (“ Bank ”).

WHEREAS, the Macy’s Companies and Bank are parties to a certain Credit Card Program Agreement dated as of June 1, 2005, as amended pursuant to amendments effective October 24, 2005 and May 19, 2006, pursuant to restated letter agreements effective December 18, 2006, March 22, 2007, April 6, 2007 and June 1, 2007, pursuant to a restated amendment effective February 3, 2008, and pursuant to an amendment (the “ Fifth Amendment ”) effective January 1, 2009, respectively (as so amended, the “ Program Agreement ”), whereby Bank and the Macy’s Companies operate a credit card program (the “ Program ”), as more fully described in the Program Agreement;

WHEREAS, the parties hereto desire to amend the Program Agreement in accordance with Section 18.5 of the Program Agreement, effective as of the Effective Date.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

1. Defined Terms . Capitalized terms used without definition in this Sixth Amendment have the meanings assigned to them in the Program Agreement.

2. [redacted ]

3. [redacted]

4. Amendment of Schedule 1.1(i) .

Schedule 1.1(i) of the Program Agreement is hereby amended by deleting the form of Program P&L contained in such Schedule and replacing it with the new form of Program P&L, attached hereto.


5. Amendment of Schedule 4.8(a) .

Schedule 4.8(a) of the Program Agreement is hereby amended by deleting therefrom in its entirety Section IV. “Funding for Loyalty Programs.”

6. Amendment of Schedule 9.2(c) .

Schedule 9.2(c) of the Program Agreement is hereby amended by deleting it in its entirety and replacing it with the new Schedule 9.2(c), attached hereto.

7. Amendment of Schedules 9.3(a) and 9.3(a)(i) .

[redacted]

8. Capacity; Authorization; Validity.

(a) Macy’s, Inc. hereby represents and warrants to Bank as of the date hereof that:

(i) Each Macy’s Company has all necessary corporate or similar power and authority to (A) execute and enter into this Sixth Amendment and (B) perform the obligations required of such Macy’s Company hereunder and the other documents, instruments and agreements to be executed and delivered by such Macy’s Company pursuant hereto.

(ii) The execution and delivery by the Macy’s Companies of this Sixth Amendment and all documents, instruments and agreements executed and delivered by the Macy’s Companies pursuant hereto, and the consummation by the Macy’s Companies of the transactions specified herein, have been duly and validly authorized and approved by all necessary corporate or similar actions of the Macy’s Companies.

(iii) This Sixth Amendment (A) has been duly executed and delivered by the Macy’s Companies, (B) constitutes the valid and legally binding obligation of the Macy’s Companies, and (C) is enforceable against the Macy’s Companies in accordance with its terms (subject to applicable bankruptcy, insolvency, reorganization, receivership or other laws affecting the rights of creditors generally and by general equity principles including those respecting the availability of specific performance).

(b) Bank hereby represents and warrants to the Macy’s Companies as of the date hereof:

(i) Bank has all necessary corporate or similar power and authority to (A) execute and enter into this Sixth Amendment and (B) perform the obligations required of it hereunder and the other documents, instruments and agreements to be executed and delivered by Bank pursuant hereto.

(ii) The execution and delivery by Bank of this Sixth Amendment and all documents, instruments and agreements executed and delivered by Bank pursuant hereto, and the consummation by Bank of the transactions specified herein, has been duly and validly authorized and approved by all necessary corporate or similar actions of Bank.

(iii) This Sixth Amendment (A) has been duly executed and delivered by Bank, (B) constitutes the valid and legally binding obligation of Bank and (C) is enforceable against Bank in accordance with its terms (subject to applicable bankruptcy, insolvency, reorganization, receivership or other laws affecting the rights of creditors generally and by general equity principles including those respecting the availability of specific performance).


9. Effect of Amendment . This Sixth Amendment is effective as of the Effective Date and is hereby incorporated into and made a part of the Program Agreement. Except as amended by this Sixth Amendment, all terms and provisions of the Program Agreement shall continue and remain in full force and effect and binding upon the parties thereto.

10. Binding Effect . This Sixth Amendment shall be binding in all respects and inure to the benefit of the successors and permitted assigns of the parties hereto.

11. Governing Law . This Sixth Amendment and all rights and obligations hereunder, including matters of construction, validity and performance, shall be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made to be performed within such State and applicable federal law.

12. Counterparts/Facsimiles . This Sixth Amendment may be executed in any number of counterparts, all of which together shall constitute one and the same instrument, but in making proof of this Sixth Amendment, it shall not be necessary to produce or account for more than one such counterpart. Any facsimile of an executed counterpart shall be deemed an original.

[Signatures appear on following page]


IN WITNESS WHEREOF, each of the Parties hereto has caused this Sixth Amendment to be duly executed as of the date first above written.

 

 

DEPARTMENT STORES NATIONAL BANK,

By:

 

/s/ Douglas C. Morrison

 

Name: Douglas C. Morrison

 

Title: Vice President & CFO

 

MACY’S, INC.

By:

 

/s/ Brian M. Szames

 

Name: Brian M. Szames

 

Title: Treasurer

 

FDS BANK

By:

 

/s/ Teresa Huxel

 

Name: Teresa Huxel

 

Title: President

 

MACY’S CREDIT AND CUSTOMER SERVICE, INC.

 
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