Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Sponsor pursuant to Section 2.05 hereof and until the issuance of the Trust Certificates, the Sponsor shall be the sole beneficial owner of the Trust.
Appears in 3 contracts
Samples: Trust Agreement (College Loan Corp Trust I), Trust Agreement (College Loan Corp Trust I), Trust Agreement (College Loan Corp Trust I)
Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Sponsor pursuant to Section 2.05 hereof and until the issuance of the Trust Certificates, the Sponsor shall be the sole beneficial owner of the Trust.
Appears in 1 contract
