ITEM 2.
PROPERTIES.
CIT Equipment Collateral 2005-EF1 (the “Trust”) owns certain equipment loan and lease receivables acquired from CIT Funding Company, LLC pursuant to a Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of July 1, 2005.
ITEM 3.
ITEM 3.
LEGAL PROCEEDINGS.
The registrant knows of no material pending proceedings with respect to the Trust.
ITEM 4.
ITEM 4.
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
No matter has been submitted to a vote of the holders of the Trust’s Receivable-Backed Notes or Equity Certificates through the solicitation of proxies or otherwise.
PART II
ITEM 5.
ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
There is no established public trading market for the Receivable-Backed Notes or the Equity Certificates of the Trust. As of December 31, 2005, the approximate number of holders of record was 68.
ITEM 9.
ITEM 9.
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.
None.
Date
Items Reported
Monthly Reports Filed on Form 8-K
9/09/2005
8.01 and 9.01
Monthly report to certificate holders
9/29/2005
8.01 and 9.01
Monthly report to certificate holders
10/27/2005
8.01 and 9.01
Monthly report to certificate holders
12/27/2005
8.01 and 9.01
Monthly report to certificate holders
1/09/2006
8.01 and 9.01
Monthly report to certificate holders
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EXHIBIT INDEX
Exhibit No.
99.1
Report of Independent Accountants.
99.2
Management’s Assertion Concerning Compliance with USAP Minimum Servicing Standards, to the extent the procedures in such are applicable to the servicing obligations set forth in the Servicing Agreement.
99.3
Schedule of Year-to-Date Distributions of Principal and Interest to Certificate Holders and Pool Balance and Delinquencies as of December 31, 2005.
99.4
Annual Statement of Compliance.
99.5
Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.