Common use of Issuer Ownership Clause in Contracts

Issuer Ownership. Immediately prior to grant of the security interest under the Indenture, the Issuer and, with respect to legal title, the Eligible Lender Trustee on behalf of the Issuer, will own and have good and marketable title to each Financed Student Loan free and clear of any Lien, claim or encumbrance of any Person.

Issuer Ownership. Immediately prior to grant of the security interest under the Indenture, the Issuer and, with respect to legal title, the Eligible Lender Trustee on behalf of the Issuer, will own and have good and marketable title to each Financed Student Loan free and clear of any Lien, claim or encumbrance of any Person.

Issuer Ownership. Immediately prior to grant of the security interest under the Indenture, the Issuer and, with respect to legal title, and the Eligible Lender Trustee on behalf of the Issuer, Issuer with respect to legal title will own and have good and marketable title to each Financed Student Loan free and clear of any Lien, claim or encumbrance of any Person.