LISTING SUPPLEMENT $189000000 Class A-1 Notes $342100000 ...

More documents

Recommendations

Info

Beneficial Ownership Interests of the Trust The National Collegiate Funding LLC 75% The Education Resources Institute, Inc. 25% Documents Incorporated by Reference Any documents incorporated by reference in the Offering Document do not form part of the Listing Particulars approved by the Irish Stock Exchange. Websites Any websites referenced in the Offering Document do not form part of the Listing Particulars approved by the Irish Stock Exchange. Transfer Restrictions The notes are subject to certain transfer restrictions in order to comply with the United States Employee Retirement Income Security Act of 1974. These restrictions are described in both the Prospectus Supplement and in the Prospectus under “ERISA Considerations.” 4
DIRECTORY UNDERWRITERS UBS Securities LLC Joint Book-Runner 1285 Avenue of the Americas, 11 th Floor New York, New York 10019, USA Citigroup Global Markets Inc. 388 Greenwich Street, 35 th Floor New York, New York 10013, USA Deutsche Bank Securities Inc. Joint Book-Runner 60 Wall Street New York, New York 10005, USA Goldman, Sachs & Co. 85 Broad Street New York, New York 10004, USA REGISTERED OFFICE OF THE TRUST The National Collegiate Student Loan Trust 2004-1 c/o First Marblehead Data Services, Inc. 230 Park Avenue New York, New York 10169, USA INDENTURE TRUSTEE U.S. Bank National Association Corporate Trust Services-SFS One Federal Street, 3rd Floor Boston, Massachusetts 02110, USA IRISH <strong>LISTING</strong> AGENT A&L Listing Limited North Wall Quay International Financial Services Centre Dublin 1, Ireland ADMINISTRATOR First Marblehead Data Services, Inc. 230 Park Avenue New York, New York 10169, USA OWNER TRUSTEE Wachovia Trust Company, National Association One Rodney Square, 1st Floor 920 King Street Wilmington, Delaware 19801, USA IRISH PAYING AGENT Deutsche International Corporate Services (Ireland) Limited 5 Harbourmaster Place International Financial Services Centre Dublin 1, Ireland ISSUER’S COUNSEL Thacher Proffitt & Wood LLP Two World Financial Center New York, New York 10281, USA
Page 1 and 2: LISTING SUPPLEMENT $189,000,000 Cla
Page 3: The Indenture Trustee will represen
Page 7: PROSPECTUS SUPPLEMENT (To Prospectu
Page 10 and 11: THE INFORMATION IN THIS PROSPECTUS
Page 12 and 13: the transfer documents with respect
Page 14 and 15: calculations for the class A-IO-1 n
Page 16 and 17: • First, from amounts on deposit
Page 18 and 19: Final Maturity Dates The unpaid pri
Page 20 and 21: Amounts in the reserve account in e
Page 22 and 23: Poor’s Ratings Services, a divisi
Page 24 and 25: loans after each transfer of additi
Page 26 and 27: Sequential payment of the class A n
Page 28 and 29: If the loans were marketed or servi
Page 30 and 31: Failures by borrowers to pay timely
Page 32 and 33: FORMATION OF THE TRUST The National
Page 34 and 35: THE SELLERS Set forth below is a ch
Page 36 and 37: It is a student loan guarantor, not
Page 38 and 39: Loan Loss Reserve. TERI’s loan lo
Page 40 and 41: Guaranty Volume. TERI is one of the
Page 42 and 43: egarding the distribution of the tr
Page 44 and 45: Outstanding Principal Balance Perce
Page 46 and 47: Distribution of the Trust Student L
Page 48 and 49: Cosigned Loans Percentage of Trust
Page 50 and 51: Distribution of the Trust Student L
Page 52 and 53: TERI GUARANTY AGREEMENTS AND TERI S
Page 54 and 55:
However, for the initial interest p
Page 56 and 57:
Unless an event of default occurs,
Page 58 and 59:
$114,130,609. The amount on deposit
Page 60 and 61:
Distributions and Payments Distribu
Page 62 and 63:
(13) Pro rata: any unreimbursed adv
Page 64 and 65:
On each quarterly distribution date
Page 66 and 67:
ERISA CONSIDERATIONS The Employee R
Page 68 and 69:
• Whether under the general fiduc
Page 70 and 71:
otherwise in circumstances which ha
Page 72 and 73:
[ This page intentionally left blan
Page 74 and 75:
“Collection Period” means, with
Page 76 and 77:
“10% Pool Balance Distribution Da
Page 78 and 79:
TF-2 The Education Resources Instit
Page 80 and 81:
PricewaterhouseCoopers LLP One Inte
Page 82 and 83:
The Education Resources Institute,
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Page 104 and 105:
IMPORTANT NOTICE ABOUT INFORMATION
Page 106 and 107:
Interest distributions with disprop
Page 108 and 109:
the student loan purchase agreement
Page 110 and 111:
FORMATION OF THE TRUSTS The Trusts
Page 112 and 113:
There can be no assurance that the
Page 114 and 115:
Graduate credit-ready; Continuing e
Page 116 and 117:
For credit-worthy programs only, to
Page 118 and 119:
The composition of the pool; The di
Page 120 and 121:
demands of any person, and the sell
Page 122 and 123:
liquidator for itself or all or a s
Page 124 and 125:
Fixed Rate Notes Each class of fixe
Page 126 and 127:
Overcollateralization; Letters of c
Page 128 and 129:
(a) Assumptions: (i) Denominations
Page 130 and 131:
All necessary trust action for the
Page 132 and 133:
However, the amount of principal re
Page 134 and 135:
With respect to the trust, none of
Page 136 and 137:
(j) For the first quarterly distrib
Page 138 and 139:
changes in prevailing interest rate
Page 140 and 141:
trust, or the indenture trustee. Di
Page 142 and 143:
Luxembourg participants or Euroclea
Page 144 and 145:
and clear of the lien of any third
Page 146 and 147:
Tax Characterization of the Notes U
Page 148 and 149:
of the stated redemption price of t
Page 150 and 151:
the gain, or increase the loss, oth
Page 152 and 153:
disposition of a note by a Non-U.S.
Page 154 and 155:
Prohibited Transaction Class Exempt
Page 156 and 157:
The underwriters will agree, subjec
Page 158 and 159:
Page 160 and 161:
Secondary Market Trading Since the
Page 162 and 163:
Borrowing through Clearstream, Luxe
Page 164:
show all

LISTING SUPPLEMENT $189000000 Class A-1 Notes $342100000 ...

Create successful ePaper yourself

Delete template?

Save as template?