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Exhibit
1.1(b)
CHASE ISSUANCE
TRUST
CHASESERIES
CLASS A(2007-11)
NOTES
TERMS
AGREEMENT
Dated: July 12,
2007
| To: |
Chase Bank USA, National Association (the “ Bank
”) |
| Re: |
Underwriting Agreement, dated July 12, 2007 |
Series Designation:
CHASEseries
Underwriters :
The Underwriters named on
Schedule I attached hereto are the “Underwriters” for
the purpose of this Agreement and for the purposes of the above
referenced Underwriting Agreement as such Underwriting Agreement is
incorporated herein and made a part hereof.
Terms of the Class A(2007-11)
Notes :
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Initial
Principal Amount
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Interest Rate or
Formula
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Price to
Public
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| $750,000,000 |
|
One-month LIBOR
plus
0.00% per annum
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|
100.0000% |
Interest Payment Dates
: The 15 th of each month or if that day is not a Business
Day, as defined in the Indenture, the next succeeding Business Day,
commencing August 15, 2007.
Note Ratings : “AAA”
by Standard & Poor’s Rating Services and Fitch, Inc.
and “Aaa” by Moody’s Investors Service,
Inc.
Indenture : The Second Amended
and Restated Indenture, dated as of March 14, 2006, between
Chase Issuance Trust, by the Bank, as Beneficiary, Wells Fargo
Bank, National Association, as Indenture Trustee and acknowledged
and accepted by the Bank, as Servicer.
1
Asset Pool One Supplement : The
Amended and Restated Asset Pool One Supplement, dated as of
October 15, 2004, and as amended by the First Amendment
thereto, dated as of May 10, 2005, and the Second Amendment
thereto, dated February 1, 2006, among Chase Issuance Trust,
by the Bank, as Beneficiary, and Wells Fargo Bank, National
Association, as Indenture Trustee and as Collateral Agent and
acknowledged by the Bank, as Transferor, Servicer and
Administrator.
Indenture Supplement : The
CHASEseries Indenture Supplement, dated as of October 15,
2004, among Chase Issuance Trust, by the Bank, as Beneficiary, and
Wells Fargo Bank, National Association, as Indenture Trustee and as
Collateral Agent.
Terms Document : The Class
A(2007-11) Terms Document, dated as of July 19, 2007, among
Chase Issuance Trust, by the Bank, as Beneficiary and Wells Fargo
Bank, National Association, as Indenture Trustee and as Collateral
Agent.
Transfer and Servicing Agreement
: The Second Amended and Restated Transfer and Servicing Agreement,
dated as of March 14, 2006, between Chase Issuance Trust, by
the Bank, as Beneficiary and Wells Fargo Bank, National
Association, as Indenture Trustee and Collateral Agent.
First USA Pooling and Servicing
Agreement : The Second Amended and Restated Pooling and
Servicing Agreement, dated as of March 14, 2006, between the
Bank, as Transferor and Servicer, and The Bank of New York
(Delaware), as trustee (the “ Master Trust Trustee
”).
First USA Series Supplement : The
Amended and Restated Series 2002-CC Supplement, dated as of
October 15, 2004, between the Bank, as Transferor and
Servicer, and the Master Trust Trustee.
Chase Pooling and Servicing
Agreement . The Fourth Amended and Restated Pooling and
Servicing Agreement, dated as of March 14, 2006, among the
Bank, as Transferor and Servicer, The Bank of New York, as Trustee
for the Chase Credit Card Master Trust (the “ Chase Master
Trust Trustee ”) and JPMorgan Chase Bank, National
Association, as Paying Agent.
Chase Series Supplement . The
Series 2004-CC Supplement,
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