Nominee Acknowledgment Clause Samples

Nominee Acknowledgment. The undersigned hereby acknowledges and agrees that as to the Note being registered in its name, the sole beneficial owner thereof is and shall be _______________, the Investor identified above, for whom the undersigned is acting as nominee. Dated: Very truly yours, [NAME OF INVESTOR] By: Name: Title:

Nominee Acknowledgment. The undersigned hereby acknowledges and agrees that as to the Reset Rate Notes being registered in its name, the sole beneficial owner thereof is and shall be the Purchaser identified above, for whom the undersigned is acting as nominee. By: Duly Authorized [Date] [SELLER] The Bank of New York, as Indenture Trustee ▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇, Inc., as Administrator ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ Drive Reston, Virginia 20193 Re: SLM Student Loan Trust 2003-14, Student Loan-Backed, Class A-7 Reset Rate Notes (the “Reset Rate Notes”) Dear Sirs: In connection with our purchase of the Reset Rate Notes of the above-referenced series, the undersigned certifies to each of the parties to whom this letter is addressed that it is a non-U.S. person (as defined in Regulation S) outside the United States of America, acquiring the Reset Rate Notes pursuant to an exemption from registration in accordance with Rule 903 or Rule 904 of Regulation S. The undersigned further certifies that it is purchasing the Reset Rate Notes for its own account or for the account of others that independently qualify as non-U.S. persons (as defined in Regulation S) outside the United States of America. It is aware that the sale of the Reset Rate Notes is being made in reliance on its continued compliance with Rule 903 or Rule 904 of Regulation S. The undersigned understands that the Reset Rate Notes may resold or transferred only (A) so long as such Reset Rate Notes are eligible for resale pursuant to Rule 144A, to a person whom the seller reasonably believes is a QIB acquiring the Reset Rate Notes for its own account or as a fiduciary or agent for others (which others must also be QIBs) to whom notice is given that the resale or other Transfer is being made in reliance on Rule 144A, (B) pursuant to an effective registration statement under the Act, (C) pursuant to another exemption from registration available under the Act other than Rule 144A, or (D) if the Reset Rate Notes are then in Foreign Exchange Mode, to a purchaser who is a non-U.S. Person (as defined in Regulation S) outside the United States of America, acquiring the Reset Rate Notes pursuant to an exemption from registration under the Act in accordance with Rule 903 or Rule 904 of Regulation S, in each case in accordance with any applicable United States state securities or “blue sky” laws or any securities laws of any other jurisdiction. The undersigned agrees that if at some future time it wishes to dispos...