Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Sponsor pursuant to Section 2.01 hereof and until the issuance of Certificates, the Sponsor shall be the sole beneficial owner of the Trust.
Appears in 8 contracts
Samples: Trust Agreement (Nelnet Student Loan Trust 2005-2), Trust Agreement (Nelnet Student Loan Trust 2006-1), Trust Agreement (Nelnet Student Loan Trust 2005-4)
Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Sponsor pursuant to Section 2.01 hereof and until the issuance of Certificates, the Sponsor shall be the sole beneficial owner of the Trust.
Appears in 8 contracts
Samples: Trust Agreement (Gmac Elf LLC), Trust Agreement (Nelnet Student Loan Funding LLC), Trust Agreement (Nelnet Student Loan Funding LLC)
