The capital of Special Purpose Vehicle Companies shall be registered as a trust in the name of the Persons whom the Authority agrees as appropriate to hold such Shares in the capital of the Special Purpose Vehicle Companies, particularly the following: 1. A Licensed Person or Registered Person by the Authority and its Subsidiary Companies. 2. Law firm. 3. Obligor or originator of Bonds. The Authority may disapprove any of the above entities in the event that they are not sufficiently qualified, experienced or independent. The disapproval of the Authority shall be justified.