OK who wants to explain what this really means. TIA
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NOTICE OF APPOINTMENT OF SUCCESSOR TRUSTEE
To the Holders of:
Borrower Payment Dependent Notes
of
PROSPER FUNDING LLC
NOTICE IS HEREBY GIVEN, pursuant to Section 6.08 of the Indenture (the “Indenture”), dated as of January 22, 2013, by and between Prosper Funding LLC and Wells Fargo Bank, National Association, as Trustee, that Wells Fargo Bank, National Association (“Wells Fargo”) has resigned as trustee under the Indenture.
Pursuant to Section 6.08 of the Indenture, CSC Trust Company of Delaware, (“CSC Trust”), a banking corporation duly organized and existing under the laws of Delaware, has accepted appointment as trustee under the Indenture. The address of the designated corporate trust office of the successor Trustee is 2711 Centerville Road, Suite 220, Wilmington, Delaware 19808.
Wells Fargo’s resignation as trustee and CSC Trust’s appointment as successor trustee were effective as of the opening of business on November 13, 2013.
Dated:
December 2, 2013
Very truly yours,
CSC TRUST COMPANY OF DELAWARE
