Representations and Warranties of Owner Trustee. The Owner Trustee represents and warrants to the Depositor that (a) the Owner Trustee meets the requirements of (i) Rule 3(a)(7) promulgated under the Investment Company Act of 1940, as amended, and (ii) section 3807 of the Statutory Trust Statute and (b) the Owner Trustee or the Owner Trustee’s parent entity has a combined capital and surplus of at least $50,000,000.
Appears in 12 contracts
Samples: Alternative Servicing Agreement, Trust Agreement, Trust Agreement (National Collegiate Student Loan Trust 2007-4)
Representations and Warranties of Owner Trustee. The Owner Trustee represents and warrants to the Depositor that (a) the Owner Trustee meets the requirements of (i) Rule 3(a)(7) promulgated under the Investment Company Act of 1940, as amended, and (ii) section 3807 of the Statutory Trust Statute and (b) the Owner Trustee or the Owner Trustee’s 's parent entity has a combined capital and surplus of at least $50,000,000.
Appears in 5 contracts
Samples: Alternative Servicing Agreement (National Collegiate Student Loan Trust 2007-2), Trust Agreement (National Collegiate Student Loan Trust 2004-1), Authority And (National Collegiate Student Loan Trust 2004-2)
Representations and Warranties of Owner Trustee. The Owner Trustee represents and warrants to the Depositor that (a) the Owner Trustee meets the requirements of (i) Rule 3(a)(7) promulgated under the Investment Company Act of 1940, as amended, and (ii) section 3807 of the Statutory Trust Statute and (b) the Owner Trustee or the Owner Trustee’s parent entity has a combined capital and surplus of at least $50,000,000.. ARTICLE X COMPENSATION OF OWNER TRUSTEE Section 10.01
Appears in 2 contracts
Representations and Warranties of Owner Trustee. The Owner Trustee represents and warrants to the Depositor that (a) the Owner Trustee meets the requirements of (i) Rule 3(a)(7) promulgated under the Investment Company Act of 1940, as amended, and (ii) section 3807 of the Statutory Trust Statute and (b) the Owner Trustee or the Owner Trustee’s parent entity has a combined capital and surplus of at least $50,000,000.and
Appears in 1 contract
Samples: Trust Agreement
