Common use of Initial Capital Contribution of Trust Estate Clause in Contracts

Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the Initial Trust Estate and shall be deposited in the Collection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 55 contracts

Samples: Trust Agreement (SLM Funding LLC), Trust Agreement (SLM Student Loan Trust 2006-8), Trust Agreement (SLM Funding LLC)

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Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 45 contracts

Samples: Trust Agreement (Navient Student Loan Trust 2014-8), Trust Agreement (Navient Student Loan Trust 2014-3), Trust Agreement (Navient Student Loan Trust 2014-6)

Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.001.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the Initial Trust Estate and shall be deposited in the Collection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 12 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding LLC)

Initial Capital Contribution of Trust Estate. The Pursuant to the Original Trust Agreement, the Depositor hereby sellshas sold, assignsassigned, transferstransferred, conveys conveyed and sets set over to the Eligible Lender Trustee, as of the date hereofthereof, the sum of $100.0010.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereofthereof, of the foregoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 9 contracts

Samples: Trust Agreement (Keycorp Student Loan Trust 2002-A), Trust Agreement (Keycorp Student Loan Trust 2000-A), Trust Agreement (Keycorp Student Loan Trust 2000-B)

Initial Capital Contribution of Trust Estate. The Depositor -------------------------------------------- hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the Initial Trust Estate and shall be deposited in the Collection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 9 contracts

Samples: Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp), Trust Agreement (SLM Funding Corp)

Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.001.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 6 contracts

Samples: Trust Agreement (Nellie Mae Education Loan Corp), Trust Agreement (Usa Group Secondary Market Services Inc), Trust Agreement (Signet Student Loan Trusts)

Initial Capital Contribution of Trust Estate. The Depositor Seller hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.001.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the DepositorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor Seller shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 5 contracts

Samples: Trust Agreement (SMS Student Loan Trust 2000-A), Trust Agreement (Usa Group Secondary Market Services Inc), Trust Agreement (Usa Group Secondary Market Services Inc)

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Initial Capital Contribution of Trust Estate. The Depositor Seller hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.001. The Eligible Lender Trustee hereby acknowledges receipt in trust from the DepositorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor Seller shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 2 contracts

Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Goldman Sachs Asset Backed Securities Corp)

Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.0010.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, Depositor of the foregoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses, including reasonable fees and expenses of counsel, paid by the Eligible Lender Trustee.

Appears in 1 contract

Samples: Trust Agreement (Transworld Insurance Co)

Initial Capital Contribution of Trust Estate. The Depositor Seller hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.001.00. The Eligible Lender Trustee hereby BWNY03/143740 2 acknowledges receipt in trust from the DepositorSeller, as of the date hereof, of the foregoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor Seller shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses paid by the Eligible Lender Trustee.

Appears in 1 contract

Samples: Trust Agreement (Usa Group Secondary Market Services Inc)

Initial Capital Contribution of Trust Estate. The Each Depositor hereby sells, assigns, transfers, conveys and sets over to the Eligible Lender Trustee, as of the date hereof, the sum of $100.0010.00. The Eligible Lender Trustee hereby acknowledges receipt in trust from the Depositor, as Depositors of the date hereof, of the foregoing theforegoing contribution, which shall constitute the Initial initial Trust Estate and shall be deposited in the Collection Account. The Depositor Depositors shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Eligible Lender Trustee, promptly reimburse the Eligible Lender Trustee for any such expenses, including reasonable fees and expenses of counsel, paid by the Eligible Lender Trustee.

Appears in 1 contract

Samples: Trust Agreement (Classnotes Inc)

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