Appointment of the Owner Trustee. The Depositor hereby appoints the Owner Trustee as trustee of the Trust, to have all the rights, powers and duties set forth herein and in the Statutory Trust Statute. The Owner Trustee acknowledges receipt in trust from the Depositor, of the sum of one dollar ($1), constituting the initial Trust Property.
Appears in 17 contracts
Samples: Trust Agreement, Trust Agreement (National Collegiate Student Loan Trust 2007-3), Trust Agreement (National Collegiate Student Loan Trust 2007-1)
Appointment of the Owner Trustee. The Depositor hereby appoints the Owner Trustee as trustee of the TrustTrust effective as of the date hereof, to have all the rights, powers and duties set forth herein and in the Statutory Trust Statuteherein. The Owner Trustee acknowledges receipt in trust from the DepositorDepositor as of the date hereof, of the sum of one dollar hundred dollars ($1100), constituting the initial Trust Property.
Appears in 3 contracts
Samples: Trust Agreement (National Collegiate Trust 1996-S2), Trust Agreement (National Collegiate Trust 1996-S2), Authority And (National Collegiate Trust 1996-S2)
