EDUCATION LOAN SERVICING CORPORATION Student Loan Origination and Servicing AgreementStudent Loan Origination and Servicing Agreement • April 26th, 2006 • CIT Education Loan Trust 2005-1 • Asset-backed securities • Ohio
THIS AGREEMENT, is made as of June 1, 2005 among EDUCATION LOAN SERVICING CORPORATION (“ELSC”), a Delaware corporation, CIT EDUCATION LOAN TRUST 2005-1 (the “Trust”), a Delaware statutory trust, THE BANK OF NEW YORK, as eligible lender trustee (the “Eligible Lender Trustee”) on behalf of the Trust (the Eligible Lender Trustee and the Trust are collectively referred to as the “Lender”), an eligible institution engaged in providing loans (“Student Loans”) to students and parents under Title IV, Part B of the Higher Education Act of 1965, as amended (hereinafter the “Act”) and EDUCATION LENDING SERVICES, INC., as the Master Servicer (the “Master Servicer”).
