Comenity Bank and Comenity Servicing execute Fifth Amended Service Agreement effective April 1, 2024

WFN CREDIT CO LLC

Fifth Amended and Restated Service Agreement replaces Fourth Amended agreement dated June 1, 2022.
Initial term of two years, auto-renewing for one-year periods unless terminated.
Performance standards with fee reductions of 2% per missed standard, up to 10%.
Step-in rights for Bank in event of Servicer default under Section 2.4.
Agreement governs servicing of credit card accounts between Comenity Bank and Comenity Servicing LLC.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WFN CREDIT CO LLC amended Fifth Amended and Restated Service Agreement with Comenity Servicing LLC (effective 2024-04-01).

Action: amendment
Counterparty: Comenity Servicing LLC
Effective: 2024-04-01

Exact text from the filing

On April 1, 2024, Comenity Bank entered into a Fifth Amended and Restated Service Agreement with Comenity Servicing LLC, a copy of which is filed with this Form 8-K as Exhibit 99.1.

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Source: SEC EDGAR

accession 0001101215-24-000084

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