CIT EDUCATION LOAN TRUST 2005-1 $1,000,000,000 EDUCATION LOAN BACKED NOTES SERIES A&B UNDERWRITING AGREEMENTUnderwriting Agreement • June 14th, 2005 • Education Capital I LLC • Asset-backed securities • New York
Education Funding Capital I, LLC (the “Depositor”), a Delaware limited liability company, will acquire a pool of Student Loans from Education Lending Group, Inc. (the “Seller”) pursuant to the Seller Transfer and Sale Agreement dated as of June 1, 2005 (the “Seller Transfer and Sale Agreement”) among the Seller, the Depositor, Fifth Third Bank, as eligible lender trustee on behalf of the Seller (the “Seller Eligible Lender Trustee”) and Fifth Third Bank,
MASTER SERVICING AGREEMENT among CIT EDUCATION LOAN TRUST 2005-1, as Issuer and EDUCATION LENDING SERVICES, INC., as Master Servicer and THE BANK OF NEW YORK, not in its individual capacity, but solely as Trust Eligible Lender Trustee dated as of June...Master Servicing Agreement • June 14th, 2005 • Education Capital I LLC • Asset-backed securities • New York
This SERVICING AGREEMENT (this “Agreement”) is entered into as of June 1, 2005, by and among Education Lending Services, Inc., a Delaware corporation (the “Master Servicer”), CIT Education Loan Trust 2005-1, a Delaware statutory trust (the “Issuer”), The Bank of New York, a New York banking corporation duly organized under the laws of the State of New York, as Trust Eligible Lender Trustee on behalf of the Issuer (the “Trust Eligible Lender Trustee”).
DEPOSITOR TRANSFER AND SALE AGREEMENT BY AND AMONG EDUCATION FUNDING CAPITAL I, LLC, a Delaware limited liability company, FIFTH THIRD BANK, not in its individual capacity, but solely as eligible lender trustee on behalf of Education Funding Capital...Depositor Transfer and Sale Agreement • June 14th, 2005 • Education Capital I LLC • Asset-backed securities • New York
This DEPOSITOR TRANSFER AND SALE AGREEMENT (this “Agreement”), dated as of June 1, 2005, is made and entered into by and among EDUCATION FUNDING CAPITAL I, LLC, a Delaware limited liability company (the “Depositor”), FIFTH THIRD BANK, not in its individual capacity, but solely as eligible lender trustee on behalf of the Depositor under the Depositor Eligible Lender Trust Agreement (the “Depositor Eligible Lender Trustee”), CIT EDUCATION LOAN TRUST 2005-1, a Delaware statutory trust (the “Trust”), and THE BANK OF NEW YORK, not in its individual capacity, but solely as eligible lender trustee on behalf of the Trust under the Trust Eligible Lender Trust Agreement (the “Trust Eligible Lender Trustee”):
ADMINISTRATION AGREEMENT between CIT Education Loan Trust 2005-1 as Issuer and EDUCATION LENDING SERVICES, INC. as Administrator dated as of June 1, 2005Administration Agreement • June 14th, 2005 • Education Capital I LLC • Asset-backed securities • New York
THIS ADMINISTRATION AGREEMENT (this “Administration Agreement”) is made as of June 1, 2005 between CIT Education Loan Trust 2005-1 (the “Issuer”) and EDUCATION LENDING SERVICES, INC., a Delaware corporation, as administrator (the “Administrator”) under the circumstances set forth below.
SELLER TRANSFER AND SALE AGREEMENT BY AND AMONG EDUCATION LENDING GROUP, INC., a Delaware corporation, FIFTH THIRD BANK, not in its individual capacity, but solely as eligible lender trustee on behalf of Education Lending Group, Inc. under the Seller...Seller Transfer and Sale Agreement • June 14th, 2005 • Education Capital I LLC • Asset-backed securities • Ohio
This SELLER TRANSFER AND SALE AGREEMENT (this “Agreement”), dated as of June 1, 2005, is made and entered into by and among EDUCATION LENDING GROUP, INC., a Delaware corporation (the “Seller”), FIFTH THIRD BANK, not in its individual capacity, but solely as eligible lender trustee on behalf of the Seller under the Seller Eligible Lender Trust Agreement (the “Seller Eligible Lender Trustee”), EDUCATION FUNDING CAPITAL I, LLC, a Delaware limited liability company (the “Depositor”), and FIFTH THIRD BANK, not in its individual capacity, but solely as eligible lender trustee on behalf of the Depositor under the Depositor Eligible Lender Trust Agreement (the “Depositor Eligible Lender Trustee”):
INDENTURE OF TRUST by and among CIT EDUCATION LOAN TRUST 2005-1 and THE BANK OF NEW YORK as Indenture Trustee and THE BANK OF NEW YORK as Trust Eligible Lender Trustee Dated as of June 1, 2005Indenture of Trust • June 14th, 2005 • Education Capital I LLC • Asset-backed securities
THIS INDENTURE OF TRUST, dated as of June 1, 2005 (this “Indenture”), is by and among CIT EDUCATION LOAN TRUST 2005-1, a Delaware statutory trust (the “Issuer”), THE BANK OF NEW YORK, a New York banking corporation duly organized under the laws of the State of New York and authorized to exercise corporate trust powers, having its principal corporate trust office in New York, New York, as indenture trustee (the “Indenture Trustee”), and THE BANK OF NEW YORK, a New York banking corporation duly organized under the laws of the State of New York, as trust eligible lender trustee (the “Trust Eligible Lender Trustee”). Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in Appendix A hereto, which also contains rules of usage and construction that shall be applicable herein.
TRUST AGREEMENTTrust Agreement • June 14th, 2005 • Education Capital I LLC • Asset-backed securities • Delaware
THIS TRUST AGREEMENT, dated as of May 20, 2005, by and among Education Funding Capital I, LLC, a Delaware limited liability company, as Sponsor (the “Sponsor”) and Chase Bank USA, National Association, a national banking association, as Owner Trustee (the “Owner Trustee”). The Sponsor and the Owner Trustee hereby agree as follows:
AMENDED AND RESTATED TRUST AGREEMENT Relating to CIT EDUCATION LOAN TRUST 2005-1 Dated as of June 1, 2005 among EDUCATION FUNDING CAPITAL I, LLC, as Depositor, and CHASE BANK USA, NATIONAL ASSOCIATION, as Owner Trustee, and acknowledged and agreed to...Trust Agreement • June 14th, 2005 • Education Capital I LLC • Asset-backed securities • Delaware
THIS AMENDED AND RESTATED TRUST AGREEMENT, dated as of June 1, 2005 (this “Agreement”), is made among EDUCATION FUNDING CAPITAL I, LLC, a Delaware limited liability company (together with its permitted successors and assigns, the “Depositor”), CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association organized under the laws of the United States of America, acting hereunder not in its individual capacity, but solely as Owner Trustee of the Trust formed hereunder (in such capacity, the “Owner Trustee”), and is acknowledged and agreed to by, for purposes of any provision relating to THE BANK OF NEW YORK, not in its individual capacity, but solely as eligible lender trustee for the benefit of the Trust (in such capacity, the “Trust Eligible Lender Trustee”) and as Paying Agent (the “Paying Agent”).
