Common use of Approved Bank Clause in Contracts

Approved Bank. a bank, the long term unsecured debt obligations of which are rated at least “AA” by S&P and its successors, and the equivalent by Fitch and its successors and ▇▇▇▇▇’▇ and its successors (unless Lender approves in writing a financial institution other than a bank or a lower rating, in each case in Lender’s sole and absolute discretion).

Approved Bank. a bankbank or other financial institution, the long term unsecured debt obligations of which are rated at least “AA” by Fitch and S&P and its successors, and the equivalent “Aa2” by Fitch and its successors and ▇M▇▇▇▇’▇ and its successors (unless Lender approves in writing a financial institution other than a bank or a lower rating, in each case in Lender’s sole and absolute discretion)▇.

Approved Bank. a bankbank or other financial institution, the long term unsecured debt obligations of which are rated at least “AA” by Fitch and S&P and its successors, and the equivalent “Aa2” by Fitch and its successors and ▇▇▇▇▇’▇ and its successors (unless Lender approves in writing a financial institution other than a bank or a lower rating, in each case in Lender’s sole and absolute discretion)▇.

Approved Bank. a bankbank or other financial institution, the long term unsecured debt obligations of which are rated at least “AAAN” by S&P and its successors, and the equivalent by Fitch and its successors S&P and “Aa2” by ▇▇▇▇▇’▇ and its successors (unless Lender approves in writing a financial institution other than a bank or a lower rating, in each case in Lender’s sole and absolute discretion)▇.