Initial Capital Contribution of Trust Estate. The Depositor hereby sells, assigns, transfers, conveys and sets over to the Delaware Trustee, as of the date hereof, the sum of $1.00. The Delaware Trustee hereby acknowledges receipt in trust from the Depositor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Acquisition Fund. The Depositor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Delaware Trustee, promptly reimburse the Delaware Trustee for any such expenses paid by the Delaware Trustee.
Appears in 15 contracts
Samples: Trust Agreement (Collegiate Funding of Delaware LLC), Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Collegiate Funding Services Education Loan Trust 2005-A)
Initial Capital Contribution of Trust Estate. The Depositor Sponsor hereby sells, assigns, transfers, conveys and sets over to the Delaware Trustee, as of the date hereof, the sum of $1.00. The Delaware Trustee hereby acknowledges receipt in trust from the DepositorSponsor, as of the date hereof, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Acquisition Fund. The Depositor Sponsor shall pay the organizational expenses of the Trust as they may arise or shall, upon the request of the Delaware Trustee, promptly reimburse the Delaware Trustee for any such expenses paid by the Delaware Trustee.
Appears in 4 contracts
Samples: Trust Agreement (College Loan Corp Trust 2005-2), Trust Agreement (College Loan Corp Trust I), Trust Agreement (College Loan Corp Trust I)