Common use of Corporate Certificate Trustee Required; Eligibility Clause in Contracts

Corporate Certificate Trustee Required; Eligibility. (a) The Certificate Trustee shall at all times be eligible to act as a trustee under Section 310(a) of the Trust Indenture Act, shall have a combined capital and surplus of at least $50,000,000 and shall have a long-term debt rating of at least A by Moody's and Standard & Poor's. If such entity publishes reports of conditions at least annually, pursuant to law or to the requirements of federal, state, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.07, the combined capital and surplus of such entity shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.

Corporate Certificate Trustee Required; Eligibility. (a) The Certificate Trustee shall at all times be eligible to act as a trustee under Section 310(a) of the Trust Indenture Act, shall have a combined capital and surplus of at least $50,000,000 and shall have a long-term debt rating of at least A by Moody's and Standard & Poor's. If such entity publishes reports of conditions at least annually, pursuant to law or to the requirements of federal, state, State or territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.07, the combined capital and surplus of such entity shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.

Corporate Certificate Trustee Required; Eligibility. (a) The Certificate Trustee shall at all times be eligible to act as a trustee under Section 310(a) of the Trust Indenture Act, shall have a combined capital and surplus of at least $50,000,000 and shall have a long-long- term debt rating of at least A by Moody's Xxxxx'x and Standard & Poor's. If such entity publishes reports of conditions at least annually, pursuant to law or to the requirements of federal, state, territorial or District of Columbia supervising or examining authority, then for the purposes of this Section 6.07, the combined capital and surplus of such entity shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.