Common use of Initial Beneficial Ownership Clause in Contracts

Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.01 hereof and until the issuance of Certificates, the Depositor shall be the sole beneficial owner of the Trust.

Appears in 9 contracts

Sources: Trust Agreement (Nelnet Student Loan Trust 2009-2), Trust Agreement (Goal Capital Funding, LLC), Trust Agreement (Nelnet Student Loan Trust 2006-2)

Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.01 hereof 2.5 and until the initial issuance of the Trust Certificates, the Depositor shall be the sole beneficial owner of the Trust.

Appears in 2 contracts

Sources: Trust Agreement (PNC Bank National Association/), Trust Agreement (Transworld Insurance Co)

Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor Depositors pursuant to Section 2.01 hereof 2.5 and until the initial issuance of the Trust Certificates, the Depositor Depositors shall be the sole beneficial owner owners of the Trust.

Appears in 1 contract

Sources: Trust Agreement (Classnotes Inc)

Initial Beneficial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.01 hereof 2.05 and until the issuance of the Certificates, the Depositor shall be the sole beneficial owner of the Trust.

Appears in 1 contract

Sources: Trust Agreement (Nellie Mae Education Loan Corp)

Initial Beneficial Ownership. Upon the formation of the Trust by and the contribution by the Depositor pursuant to Section 2.01 hereof 2.5 and until the initial issuance of the Certificates, the Depositor shall be the sole beneficial owner of the Trust.

Appears in 1 contract

Sources: Trust Agreement (Crestar Securitization LLC)