General Title. General Limitations; Issuable in Series; Terms of Particular Series 16 SECTION 3.02 Denominations 19 SECTION 3.03 Execution, Authentication and Delivery and Dating 19 SECTION 3.04 Temporary Securities 21 SECTION 3.05 Registration, Transfer and Exchange 21 SECTION 3.06 Mutilated, Destroyed, Lost and Stolen Securities 22 SECTION 3.07 Payment of Interest; Interest Rights Preserved 23 SECTION 3.08 Persons Deemed Owners 24 SECTION 3.09 Cancelation 24 SECTION 3.10 Computation of Interest 24 SECTION 3.11 Delayed Issuance of Securities 24
General Title. There shall be a series of Securities entitled Series B Notes Due 2004 (the "SERIES B NOTES"). The Series B Notes shall be in substantially the same form as set forth in Exhibit B hereto and shall have the terms set forth in such form, and shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, all of the terms, conditions and covenants of this Indenture, including, but not limited to, the provisions of the Indenture with respect to the transfer, exchange and replacement thereof. The aggregate principal amount of the Series B Notes that may be executed by the Company and authenticated by the Trustee hereunder shall be limited to four million Dollars ($4,000,000); PROVIDED, HOWEVER, any exchanges or replacements of the Series B Notes made pursuant to this Indenture following the original issuance thereof, shall not be counted against this limit.
General Title. General Limitations; Issuable in Series; Terms of Particular Series 17 SECTION 3.02 Denominations 19 SECTION 3.03 Execution, Authentication and Delivery and Dating 19 SECTION 3.04 Temporary Securities 21 SECTION 3.05 Registration, Transfer and Exchange 21 SECTION 3.06 Mutilated, Destroyed, Lost and Stolen Securities 22 SECTION 3.07 Payment of Interest; Interest Rights Preserved 23 SECTION 3.08 Persons Deemed Owners 24 SECTION 3.09 Cancelation 24 SECTION 3.10 Computation of Interest 24 SECTION 3.11 Delayed Issuance of Securities 24 SECTION 4.01 Satisfaction and Discharge of Indenture 25 SECTION 4.02 Application of Trust Money 26 SECTION 4.03 Defeasance Upon Deposit of Funds or Government Obligations 26 SECTION 4.04 Reinstatement 28 SECTION 5.01 Events of Default 28 SECTION 5.02 Acceleration of Maturity; Rescission and Annulment 30 SECTION 5.03 Collection of Indebtedness and Suits for Enforcement by Trustee 31 SECTION 5.04 Trustee May File Proofs of Claim 32 SECTION 5.05 Trustee May Enforce Claims Without Possession of Securities 32 SECTION 5.06 Application of Money Collected 33 SECTION 5.07 Limitation on Suits 33 SECTION 5.08 Unconditional Right of Securityholders to Receive Principal, Premium and Interest 34 SECTION 5.09 Restoration of Rights and Remedies 34 SECTION 5.10 Rights and Remedies Cumulative 34 SECTION 5.11 Delay or Omission Not Waiver 34 SECTION 5.12 Control by Securityholders 34 SECTION 5.13 Waiver of Past Defaults 34 SECTION 5.14 Undertaking for Costs 35 SECTION 5.15 Waiver of Stay or Extension Laws 35 SECTION 6.01 Certain Duties and Responsibilities 35 SECTION 6.02 Notice of Defaults 36 SECTION 6.03 Certain Rights of Trustee 37 SECTION 6.04 Not Responsible for Recitals or Issuance of Securities 38 SECTION 6.05 May Hold Securities 38 SECTION 6.06 Money Held in Trust 38 SECTION 6.07 Compensation and Reimbursement 38 SECTION 6.08 Disqualification; Conflicting Interests 39 SECTION 6.09 Corporate Trustee Required; Eligibility 39 SECTION 6.10 Resignation and Removal 40 SECTION 6.11 Acceptance of Appointment by Successor 41 SECTION 6.12 Merger, Conversion, Consolidation or Succession to Business 42 SECTION 6.13 Preferential Collection of Claims Against Company 42 SECTION 6.14 Appointment of Authenticating Agent 42 SECTION 7.01 Company to Furnish Trustee Names and Addresses of Securityholders 45 SECTION 7.02 Preservation of Information; Communications to Securityholders 45 SECTION 7.03 Reports by Trustee 46 SECTION 7.04 Reports by Company 46 SECTION ...
General Title. There is hereby created and established an issue of Notes of the Corporation to be known and designated as "Student Loan Asset-Backed Notes," which Notes may be issued in series as hereinafter provided. With respect to the Notes of any particular series, the Corporation may incorporate in or add to the general title of such Notes any words, letters or figures designed to distinguish that series.
General Title. General Limitations; Issuable in Series; Terms of a Series, Class or Tranche.
(a) The aggregate stated principal amount of Notes which may be authenticated and delivered and Outstanding under this Indenture is not limited.
(b) The Notes may be issued in one or more series, classes or tranches up to an aggregate stated principal amount of Notes as from time to time may be authorized by the Issuer. All Notes of each series, class or tranche under this Indenture will in all respects be equally and ratably entitled to the benefits hereof with respect to such series, class or tranche without preference, priority or distinction on account of the actual time of the authentication and delivery or Expected Principal Payment Date or Legal Maturity Date of the Notes of such series, class or tranche, except as specified in the applicable terms document for such series, class or tranche.
(c) Each Note issued must be assigned to a group of Notes for purposes of allocations pursuant to Article V. On the date of this Indenture, a single group of Notes identified as "Group 1" has been established for allocation purposes in Article V. Additional groups may be established from time to time pursuant to supplemental indentures.
(d) Each Note issued must be part of a series, class and tranche of Notes for purposes of allocations pursuant to Article V. A series, class or tranche of Notes is created pursuant to an Issuer Certificate or a supplemental indenture.
(e) Each series of Notes may, but need not be, subdivided into multiple classes. This Indenture provides for up to three classes of Notes: Class A, Class B and Class C. As specified in Article V, Notes belonging to Class A in any series are entitled to specified payment priorities over Class B and Class C Notes in that series. Notes belonging to Class B in any series are entitled to specified payment priorities over Class C Notes in that series. Class C Notes have the benefit of the Class C Reserve Account. The applicable terms document may provide for more or different classes of Notes.
(f) Notes of a single series that belong to separate classes in that series belong to separate tranches on the basis of the difference in class membership.
(g) Each class of Notes may consist of a single tranche or may be subdivided into multiple tranches. Notes of a single class of a series will belong to different tranches if they have different terms and conditions. With respect to any class of Notes, Notes which have identical terms, c...
General Title. General Limitations; Issuable in Series; Terms of Particular Series....................................................... 23 SECTION 3.02. Denominations............................................................ 27 SECTION 3.03. Execution, Authentication and Delivery and Dating...................... 27 SECTION 3.04. Temporary Securities..................................................... 29 SECTION 3.05. Registration, Transfer and Exchange...................................... 30 SECTION 3.06. Mutilated, Destroyed, Lost and Stolen Securities......................... 31 SECTION 3.07. Payment of Interest; Interest Rights Preserved........................... 32 SECTION 3.08. Persons Deemed Owners.................................................... 34 SECTION 3.09. Cancelation.............................................................. 34 SECTION 3.10. Computation of Interest.................................................. 35 SECTION 3.11. Delayed Issuance of Securities........................................... 35
General Title. General Limitations; Issuable in Series; Terms of Particular Series..................................................................16 SECTION 3.02 Denominations......................................................................19 SECTION 3.03 Execution, Authentication and Delivery and Dating..................................19 SECTION 3.04
General Title. General Limitations; Issuable in Series; Terms of Particular Series, Class or Tranches......................................................34
General Title. General Limitations; Issuable in Series; Terms of Particular Series 16 Section 3.02 Denominations 18 Section 3.03 Execution, Authentication and Delivery and Dating 18 Section 3.04 Temporary Securities 20 Section 3.05 Registration, Transfer and Exchange 20 Section 3.06 Mutilated, Destroyed, Lost and Stolen Securities 21 Section 3.07 Payment of Interest; Interest Rights Preserved 21 Section 3.08 Persons Deemed Owners 22 Section 3.09 Cancellation 22 Section 3.10 CUSIP and CINS Numbers 23 Section 3.11 Computation of Interest 23 Section 3.12 Delayed Issuance of Securities 23 ARTICLE IV SATISFACTION AND DISCHARGE; DEFEASANCE 24 Section 4.01 Satisfaction and Discharge of Indenture 24 Section 4.02 Application of Trust Money 25 Section 4.03 Defeasance Upon Deposit of Funds or Government Obligations 25
General Title. 20 SECTION 4.02. Maturity and Interest............................................................20 SECTION 4.03. Optional Redemption by the Company...............................................20 SECTION 4.04. Mandatory Redemption ....
