Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule A attached hereto, the Depositor has been issued a Trust Certificate evidencing a percentage of the Beneficial Interest in the Trust and XXXX has been issued a Trust Certificate evidencing a percentage of the Beneficial Interest in the Trust. (b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Appears in 9 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule A attached hereto, the Depositor has been issued a Trust Certificate evidencing a percentage of the Beneficial Interest in the Trust and XXXX TXXX has been issued a Trust Certificate evidencing a percentage of the Beneficial Interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Appears in 3 contracts
Samples: Trust Agreement (National Collegiate Student Loan Trust 2006-3), Trust Agreement (National Collegiate Funding LLC), Trust Agreement (National Collegiate Student Loan Trust 2007-4)
Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule A attached hereto, the Depositor has been issued a Trust Certificate evidencing a percentage 80% of the Beneficial Interest in the Trust and XXXX has been issued a Trust Certificate evidencing a percentage 20% of the Beneficial Interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Appears in 2 contracts
Samples: Trust Agreement (National Collegiate Student Loan Trust 2005-2), Trust Agreement (National Collegiate Student Loan Trust 2005-1)
Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule A attached hereto, the Depositor has been issued a Trust Certificate evidencing a percentage 75% of the Beneficial Interest in the Trust and XXXX has been issued a Trust Certificate evidencing a percentage 25% of the Beneficial Interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Appears in 2 contracts
Samples: Trust Agreement (National Collegiate Funding LLC), Trust Agreement (National Collegiate Student Loan Trust 2004-1)
Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule A attached hereto, the Depositor has been issued a Trust Certificate Certificate evidencing a percentage of the Beneficial Beneficial Interest in the Trust and XXXX has been issued a Trust Certificate Certificate evidencing a percentage of the Beneficial Beneficial Interest in the Trust.
(b) Each Trust Certificate Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized OfficersOfficers. Trust Certificates Certificates bearing the manual signature of an individual who was, at the time when such signature was affixedaffixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate Certificate or does not hold such office office at the date of such Trust CertificateCertificate. Each Trust Certificate Certificate shall be dated the date of its issuance.
Appears in 1 contract
Samples: Trust Agreement
Issuance of Trust Certificate. (a) As of the date hereof, as set forth on Schedule A attached hereto, the Depositor has been issued a Trust Certificate evidencing a percentage 80% of the Beneficial Interest in the Trust and XXXX TERI has been issued a Trust Certificate Certixxxxte evidencing a percentage 20% of the Beneficial Interest in the Trust.
(b) Each Trust Certificate shall be executed by manual signature on behalf of the Owner Trustee by one of its Authorized Officers. Trust Certificates bearing the manual signature of an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Owner Trustee shall bind the Trust, notwithstanding that such individual has ceased to be so authorized prior to the delivery of such Trust Certificate or does not hold such office at the date of such Trust Certificate. Each Trust Certificate shall be dated the date of its issuance.
Appears in 1 contract
Samples: Trust Agreement (National Collegiate Student Loan Trust 2004-2)