Common use of Organization and Good Standing Clause in Contracts

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation formed under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been duly organized and is a validly existing as a limited liability company partnership in good standing under the laws of the State of Delaware, Delaware and has the power, full power and authority and legal right to own its properties and to conduct its servicing business as such properties are currently presently owned and such business is currently conducted and has the poweror conducted, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustexecute, deliver and perform its obligations under this Agreement and each other Transaction Document to which it is a party.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the power, with all requisite company power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company partnership formed under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, corporate power and authority and legal right to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the corporate power, authority authority, and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been is duly organized incorporated and is validly existing as a limited liability company corporation under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority under its organizational documents and legal right under the laws of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with all requisite corporate power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has with the power, power and authority under its organizational documents and legal right under the laws of the State of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company and in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has with the power, power and authority under its organizational documents and legal right under the laws of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation chartered under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of DelawareDelaware (or, has in the powercase of a Servicer other than GMAC, other applicable law of its jurisdiction of incorporation), with power and authority and legal right to own its properties and to conduct its business businesses as such properties are currently presently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustbusinesses are presently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation, and in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and now has, power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustprovided in this Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the power, with all requisite limited liability company power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation, and in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and now has, power, authority and legal right to acquire, own, sell and service the Receivables as provided in this Agreement and to hold the Receivable Files as custodian on behalf of the TrustTitling Trust Servicing Agreement.

Organization and Good Standing. The Servicer has been is a corporation duly organized and is organized, validly existing as a limited liability company and in good standing under the laws of the State of Delaware, has the power, with all requisite corporate power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly organized and is a validly existing as a limited liability company partnership in good standing under the laws of the State of Delaware, Delaware and has the power, full power and authority and legal right to own its properties and to conduct its servicing business as such properties are currently presently owned and such business is currently conducted and has the poweror conducted, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustexecute, deliver and perform its obligations under this Agreement and each other Transaction Document and other Series Related Document to which it is a party.

Organization and Good Standing. The Servicer has been is duly organized and is ------------------------------ validly existing as a limited liability company partnership formed under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been duly organized and is a validly existing as a limited liability company partnership in good standing under the laws Laws of the State of Delaware, Delaware and has the power, full power and authority and legal right to own its properties and to conduct its servicing business as such properties are currently presently owned and such business is currently conducted and has the poweror conducted, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustexecute, deliver and perform its obligations under this Agreement and each other Transaction Document and other Series Related Document to which it is a party.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority under its organizational documents and legal right under the laws of the State of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustFinanced Student Loans.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has had at all relevant times, and shall have, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustother Trust Property.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, Delaware and has full power and authority under its constitutional documents and under the power, authority and legal right laws of its jurisdiction to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct carry on its business as such properties are currently owned and such business is currently presently conducted and has to perform its obligations under this Agreement. The Servicer is duly licensed or qualified to do business as a foreign entity in good standing in the power, authority jurisdiction where its principal place of business and legal right chief executive office are located and in each other jurisdiction in which the failure to acquire, own, sell and service be so licensed or qualified would be reasonably likely to have a material adverse effect on the Receivables and Servicer’s ability to hold the Receivable Files as custodian on behalf of the Trustperform its obligations under this Agreement.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company partnership in good standing under the laws of the State of Delaware, has with the power, requisite power and authority under its organizational documents and legal right under the laws of the State of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State state of Delaware, has the power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.

Organization and Good Standing. The Servicer has been is duly organized and is ------------------------------ validly existing as a limited liability company corporation chartered under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and now has, all necessary power, authority authority, and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustPool Receivables.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of DelawareDelaware (or, has in the powercase of a Servicer other than GMAC, other applicable law of its jurisdiction of incorporation or formation, as applicable), with power and authority and legal right to own its properties and to conduct its business businesses as such properties are currently presently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustbusinesses are presently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of DelawareDelaware (except as such jurisdiction is changed as permitted hereunder), has the power, with all requisite corporate power and authority and legal right necessary to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is a corporation duly organized and is organized, validly existing as a limited liability company existing, in good standing under the laws of the State of DelawareDelaware (or, if other than Advanta Business Services Corp., in the applicable state of its incorporation), has the power to own its assets and to transact the business in which it is presently engaged, and had at all relevant times and now has the power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustrelated Series Trust Estate.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own or lease its properties and to conduct its business activities as such properties are currently owned or leased and such business is activities are currently conducted conducted, and has had at all relevant times, and has, the power, power and authority and legal right to acquire, own, sell and service the Receivables Leases and Vehicles and to hold the Receivable Lease Files as custodian on behalf of the TrustTitling Trust and the Collateral Agent.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has with the power, power and authority under its Organizational Documents and legal right under the laws of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation formed under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trust.custodian. Servicing Agreement

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has pursuant to this Loan Agreement. The Servicer is organized solely under the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf laws of the TrustState of Delaware.

Organization and Good Standing. The Servicer has been is a duly organized and is formed, validly existing as a limited liability company and in good standing under the laws law of the State of Delaware, has the power, with all corporate power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and has, power, authority and legal right to acquire, own, sell sell, and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustIndenture Trustee.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of DelawareConnecticut, has with the power, requisite corporate power and authority and legal right to own its properties as such properties are currently owned and to conduct its business as such properties are currently owned and such business is currently now conducted by it, and has the power, requisite corporate power and authority and legal right to acquire, own, sell and service the Receivables Transition Property and to hold the Receivable Files Transition Property Records as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company and in good standing as a corporation under the laws of the State of DelawareDelaware or the laws of such other state as permitted by Section 5.02(a), has the power, with requisite power and authority and legal right to own its properties properties, perform its obligations under this Agreement and to conduct its transact the business as such properties are currently owned and such business in which it is currently conducted and has the power, authority and legal right now engaged or in which it proposes to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustengage.

Organization and Good Standing. The Servicer has been is a corporation duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, Delaware and has the full corporate power, authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted and has the powerpresently conducted, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustexecute, deliver and perform its obligations under this Agreement and each other Transaction Document to which it is a party.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation formed under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has Servicing Agreement had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority under its Organizational Documents and legal right under the laws of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized formed and is validly existing as a limited liability company company, in good standing under the laws of the State of Delaware, has the power, with all requisite limited liability company power and authority and legal right to own or lease its properties and to properties, conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority under its organizational documents and legal right under the laws of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has presently conducted, except to the power, authority and legal right extent such failure would not reasonably be expected to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trusthave a Material Adverse Effect.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of DelawareDelaware (except as such jurisdiction is changed as permitted hereunder), has the power, with all requisite corporate power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is a corporation duly organized and is organized, validly existing as a limited liability company in good standing under the laws of the State of DelawareDelaware (or, if other than Xxxxxx, in the applicable state of its incorporation), has the power to own its assets and to transact the business in which it is presently engaged, and had at all relevant times and now has the power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustrelated Series Trust Estate.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State state of Delaware, has with the power, power and authority under its organizational documents and legal right under the laws of the state of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, Delaware and has full power and authority under its organizational documents and under the power, authority and legal right laws of the State of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized formed and is validly existing as a limited liability company and in good standing under the laws of the State of DelawareDelaware (except as such jurisdiction is changed as permitted hereunder), has the power, with all requisite corporate power and authority and legal right to own or lease its properties and to conduct its it business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company an entity in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.Series 20 -SN Lease Assets;

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company statutory trust in good standing under the laws of the State of Delaware, has the power, with all requisite trust power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, corporate power and authority and legal right to own its properties and to conduct its business as such properties are shall be currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the corporate power, authority authority, and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.custodian. 91

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of DelawareDelaware (or, has in the powercase of a Servicer other than the Original Seller, other applicable law of its jurisdiction of incorporation), with power and authority and legal right to own its properties and to conduct its business businesses as such properties are currently presently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustbusinesses are presently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustFinanced Student Loans.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of DelawareDelaware (except as such jurisdiction is changed as permitted hereunder), has the power, with all requisite limited liability company power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly organized incorporated, and is validly existing as a limited liability company corporation in good standing standing, under the laws of the State of Delaware, has the power, with all requisite corporate power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.Series 200_-__ Lease Assets;

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has the with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted conducted. The Servicer had at all relevant times and has the now has, power, authority and legal right to acquire, own, sell enter into and service perform its obligations under this Agreement and under the Receivables and other Transaction Documents to hold the Receivable Files as custodian on behalf of the Trust.which it is party (in any capacity);

Organization and Good Standing. The Servicer has been is a duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, Delaware and has the power, limited liability company power and authority under its organizational documents and legal right under the laws of the State of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted conducted, and has the had at all relevant times, and now has, power, authority and legal right to acquire, own, sell enter into and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.perform its obligations under this Agreement;

Organization and Good Standing. The Servicer has been duly organized incorporated and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, is qualified to do business in every jurisdiction in which the failure to so qualify would have a material adverse effect on the rights of the Certificateholders and has full corporate power and authority to execute, deliver and perform its obligations under this Agreement and any Supplement and to perform its obligations under the power, authority 1990 Trust Agreement and legal right to own its properties property and to conduct its business as such properties are currently presently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.Series 2005-SN1 Lease Assets;

Organization and Good Standing. The Servicer has been is duly organized ------------------------------ and is validly existing as a limited liability company corporation chartered under the laws of the State of Delaware and in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables Trust Student Loans and to hold the Receivable Trust Student Loan Files as custodian on behalf of the Trustcustodian.

Organization and Good Standing. The Servicer has been duly organized incorporated and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, is qualified to do business in every jurisdiction in which the failure to so qualify would have a material adverse effect on the rights of the Noteholders and has the powerfull corporate power and authority to execute, authority deliver and legal right perform its obligations under this Agreement and to own its properties property and to conduct its business as such properties are currently presently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the power, with all requisite power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company companycorporation in good standing under the laws of the State of Delaware, has the power, with all requisite limited liability companycorporate power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly ------------------------------ organized and is validly existing as a limited liability company corporation, and in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and now has, power, authority and legal right to acquire, own, sell and service the Receivables as provided in this Agreement and to hold the Receivable Files as custodian on behalf of the TrustTitling Trust Servicing Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company statutory trust in good standing under the laws of the State of Delaware, has the power, with all requisite statutory trust power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is a corporation duly organized and is organized, validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the power, authority and legal right power to own its properties assets and to conduct its transact the business as such properties are currently owned in which it is presently engaged, and such business is currently conducted had at all relevant times and now has the power, authority and legal right to acquire, own, sell and service the Receivables Leases and perform its obligations hereunder and under the other Transaction Documents to hold the Receivable Files as custodian on behalf of the Trustwhich it is a party.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with all requisite corporate power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.this Agreement. 107

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company and in good standing under the laws of the State of Delaware, has the with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted conducted, and has the had at all relevant times, and now has, power, authority and legal right to acquire, own, sell enter into and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.perform its obligations under this Agreement;

Organization and Good Standing. The Servicer has been is duly organized and is formed, validly existing as a limited liability company and in good standing under the laws law of the State of Delaware, has the power, with all corporate power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and has, power, authority and legal right to acquire, own, sell sell, and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustIndenture Trustee.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, and has not been organized under the powerlaws of any other jurisdiction, with all requisite company power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation and in good standing under the laws of the State of Delaware, has the with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and shall have, power, authority and legal right to acquire, own, sell own and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustAuto Loans.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has Delaware with the power, corporate power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has had at all relevant times, and has, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustMortgage Loans.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company state banking corporation in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has had at all relevant times, and shall have, the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of other properties and rights included in the TrustOwner Trust Estate.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company duly organized and validly existing in good standing under the laws of the State of Delaware, Delaware and has full power and authority under its Organizational Documents and under the power, authority and legal right laws of Delaware to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustpresently conducted.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.Series 200_-_ Lease Assets;

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation, and in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the had at all relevant times, and now has, power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files Portfolio as custodian on behalf of the Trustprovided in this Agreement.

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company an entity in good standing under the laws of the State of Delaware, has the power, with power and authority and legal right to own its properties and to conduct its business as such properties are currently presently owned and such business is currently conducted presently conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.Series 2007-SN1 Lease Assets;

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, has the power, Delaware with all requisite limited liability company power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.

Organization and Good Standing. The Servicer has been is duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has with the power, power and authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted presently conducted, and has the power, authority and legal right to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the TrustStudent Loans.

Organization and Good Standing. The Servicer has been duly organized formed and is validly existing as a limited liability company in good standing under the laws of the State of Delaware, has the with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted conducted, and has the had at all relevant times, and now has, power, authority and legal right to acquire, own, sell enter into and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trust.perform its obligations under this Agreement;

Organization and Good Standing. The Servicer has been duly organized and is validly existing as a limited liability company corporation in good standing under the laws of the State of Delaware, has the power, with all requisite organizational power and authority and legal right to own or lease its properties and to conduct its business as such properties are currently owned and such business is currently presently conducted and has the power, authority to enter into and legal right perform its obligations pursuant to acquire, own, sell and service the Receivables and to hold the Receivable Files as custodian on behalf of the Trustthis Agreement.