Common use of Corporate Trustee Required; Eligibility Clause in Contracts

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 43 contracts

Samples: Indenture (American Natural Soda Ash Corp.), Indenture (Laredo Midstream Services, LLC), Indenture (Baker Hughes Co-Obligor, Inc.)

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Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 30 contracts

Samples: Indenture (Nomura America Finance, LLC), Indenture (Corning Finance B V), Subordinated Debt Indenture (Allianz Finance III B.V.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as suchsuch and has (or if the Trustee is a member of a bank holding company system, has its bank holding company has) a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 28 contracts

Samples: Indenture (Kyndryl Holdings, Inc.), Indenture (Genpact LTD), Indenture (Genpact Luxembourg S.a.r.l.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 100,000,000 and has its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 14 contracts

Samples: Indenture (Diamondback Energy, Inc.), Indenture (Diamondback Energy, Inc.), Indenture (EP Energy LLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, or any state and having a deposit rating of at least A- by Standard & Poor’s, A2 by Moody’s and, if rated by Fitch, A by Fitch. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (Chec Funding LLC), Pooling and Servicing Agreement (Nationstar Home Equity Loan Trust 2007-C), Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2006-A)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 10 contracts

Samples: Agency Agreement (Zimmer Biomet Holdings, Inc.), Agency Agreement (Zimmer Biomet Holdings, Inc.), Indenture (Anthem, Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, or any state and having a deposit rating of at least A- by Standard & Poor’s, A2 by Xxxxx’x and, if rated by Fitch, A by Fitch. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2002-C), Pooling and Servicing Agreement (Nationstar Home Equity Loan Trust 2006-B), Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2005-D)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 100,000,000 and has its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 10 contracts

Samples: Indenture (Diamondback Energy, Inc.), Indenture (Diamondback Energy E&P LLC), Indenture (Coffeyville Resources, LLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaNew York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 9 contracts

Samples: Indenture (Global Signal Inc), Indenture (Global Signal Inc), Indenture (DRS Technologies Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers having (or, in the case of the subsidiary of a bank holding company that is eligible pursuant to guarantees the Trust Indenture Act to act as suchobligations of the Trustee under this Indenture, has such holding company’s parent shall have) a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by federal or state authority. If any such Person corporation or holding company parent publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act6.09, the combined capital and surplus of such Person corporation or holding company parent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Articlearticle.

Appears in 8 contracts

Samples: Indenture (Global Indemnity Group, Inc.), Indenture (Global Indemnity Group, Inc.), Indenture (Xl Group PLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any State authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, or any state, acceptable to the Certificate Insurer and having a deposit rating of at least A- from Standard & Poor's and A2 by Moody's. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall shall, upon the request of the Certificate Insurer, resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Centex Home Equity Loan Trust 1999-2), Pooling and Servicing Agreement (DLJ Commercial Mort Corp Comm Mort Pass THR Cer Ser 1998-Cg1), Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers having (or, in the case of the subsidiary of a bank holding company that is eligible pursuant to guarantees the Trust Indenture Act to act as suchobligations of the Trustee under this Indenture, has such holding company's parent shall have) a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority. If any such Person corporation or holding company parent publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or holding company parent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 7 contracts

Samples: Indenture (Mediacom Capital Corp), Indenture (Mediacom Capital Corp), Indenture (Mediacom Capital Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the each series of Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 50,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority, if there be such a corporation willing to act as Trustee on customary and usual terms. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act6.09, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series of Securities shall cease to be eligible in accordance with the provisions of this SectionSection 6.09, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 6.

Appears in 7 contracts

Samples: Senior Indenture (Xylem Inc.), Subordinated Indenture (Xylem Inc.), Indenture (ITT Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) one Trustee hereunder with respect to the Securities of each series, which may be a Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000, subject to supervision or examination by Federal or state authority. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 6 contracts

Samples: Indenture (Blount International Inc), Indenture (Bp PLC), Indenture (Bp PLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be a Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that (i) is eligible pursuant to the Trust Indenture Act to act as such, (ii) has a combined capital and surplus of at least $50,000,000 US$50,000,000, (iii) is subject to supervision or examination by U.S. federal or state authority and (v) has its Corporate Trust Office in the continental United States of AmericaStates. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 6.9 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.9, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 6.

Appears in 6 contracts

Samples: Indenture (Embraer S.A.), Indenture (Embraer S.A.), Indenture (Embraer Netherlands Finance B.V.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 50,000,000, and has subject to supervision or examination by Federal or State authority and having its Corporate Trust Office principal office and place of business in the continental United States City of AmericaNew York, if there be such a corporation having its principal office and place of business in said City. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article V.

Appears in 5 contracts

Samples: Indenture (Bottling Group LLC), Indenture (Bottling Group LLC), Indenture (Pepsi Bottling Group Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 100,000,000 and has its Corporate Trust Office an office in the continental United States of AmericaNew York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 5 contracts

Samples: Indenture (Berkshire Hathaway Inc), Indenture (Xtra Finance Corp), Indenture (Berkshire Hathaway Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, the City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 5 contracts

Samples: Subordinated Indenture (Assurant Inc), Indenture (TPG Nv), Indenture (Telefonos De Mexico S a De C V)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in any major city in the continental contiguous United States of Americathat is acceptable to the Company. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent annual report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 4 contracts

Samples: Indenture (AppLovin Corp), Indenture (Marvell Technology Group LTD), Indenture (Marvell Technology Group LTD)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that corporation organized and doing business under the laws of the United States or of any state of the United States or the District of Columbia which is eligible pursuant authorized under such laws to the Trust Indenture Act exercise corporate trust powers and is subject to act as suchsupervision or examination by federal, has state or District of Columbia authority. Such Trustee shall have a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. Neither the Company nor any Person directly or indirectly controlling, controlled by, or under common control with the Company shall serve as Trustee hereunder. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 4 contracts

Samples: Indenture (Anixter International Inc), Indenture (Anixter International Inc), Indenture (Anixter International Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as suchsuch and has, has or is a subsidiary of a bank or bank holding company that has, a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect effects hereinafter specified in this Article.

Appears in 4 contracts

Samples: Indenture (Marathon Petroleum Corp), Indenture (Marathon Petroleum Corp), Indenture (Marathon Petroleum Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Senior Debt Indenture (Jefferies Group Capital Finance Inc.), Senior Debt Indenture (Jefferies Group Capital Finance Inc.), Subordinated Debt Indenture (Jefferies Group Capital Finance Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers having (or, in the case of the subsidiary of a bank holding company that is eligible pursuant to guarantees the Trust Indenture Act to act as suchobligations of the Trustee under this Indenture, has such holding company’s parent shall have) a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority. If any such Person corporation or holding company parent publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act6.09, the combined capital and surplus of such Person corporation or holding company parent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.09, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 3 contracts

Samples: Indenture (Arch Capital Group Ltd.), Indenture (Arch Capital Group (U.S.) Inc.), Indenture (Arch Capital Group Ltd.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, -- and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaNew York City. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (King Pharmaceuticals Inc), Indenture (Pharmacia & Upjohn Inc), Indenture (King Pharmaceuticals Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Associated Banc-Corp), Indenture (Associated Banc-Corp), Indenture (Amsouth Bancorporation)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant an Independent organization or entity organized and doing business under the laws of the United States of America or of any state thereof, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 U.S.$200,000,000, subject to supervision or examination by federal or state authority, having a long-term issuer rating of at least “BBB+” by S&P and has its Corporate Trust Office in having an office within the continental United States of AmericaStates. If any such Person organization or entity publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act6.8, the combined capital and surplus of such Person organization or entity shall be deemed to be its combined capital and surplus as set forth in its most recent published report of condition so publishedcondition. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.8, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 3 contracts

Samples: Indenture (Monroe Capital Income Plus Corp), Indenture (Monroe Capital Income Plus Corp), Indenture (Monroe Capital Income Plus Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to exercise corporate trust powers, having (or, in the Trust Indenture Act to act as suchcase of a subsidiary of a bank holding company, has its holding company parent shall have) a combined capital and surplus of at least $50,000,000 50,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act5.09, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 5.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article V.

Appears in 3 contracts

Samples: Indenture (Agilent Technologies Inc), Indenture (Agilent Technologies Inc), Indenture (Keysight Technologies, Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Warrant Indenture (American International Group Inc), Warrant Indenture (Aig Capital Trust I), Warrant Indenture (American International Group Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States The City of AmericaNew York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Staples Inc), Indenture (Staples Inc), Indenture (Staples Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 50,000,000, and has subject to supervision or examination by Federal or State authority and having its Corporate Trust Office principal office and place of business in the continental United States City of AmericaNew York, if there be such a corporation having its principal office and place of business in said City. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Pepsi Bottling Group Inc), Indenture (Pepsi Bottling Group Inc), Indenture (Pepsi Bottling Group Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 subject to supervision or examination by Federal or State authority and, if there be such a corporation willing and has able to act as trustee on reasonable and customary terms, having its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 3 contracts

Samples: Indenture (Ingersoll Rand Co), Indenture (Ingersoll Rand Co), Indenture (Ingersoll Rand Co)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any State authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in _________ subject to supervision or examination by the continental United States of America, or any state, acceptable to the Certificate Insurer and having a deposit rating of at least A- from Standard & Poor's and A2 by Moody's. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall shall, upon the request of the 128 Certificate Insurer, resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Chec Asset Receivables Corp), Pooling and Servicing Agreement (Chec Asset Receivables Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be a Trustee hereunder for Securities of one or more other series. Each Trustee series and each of which shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Ormat Technologies, Inc.), Indenture (Ormat Technologies, Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America, any State or the District of Columbia, authorized under such laws to the Trust Indenture Act exercise corporate trust powers, and subject to act as suchsupervision or examination by Federal, has State or District of Columbia authority, having a combined capital and surplus of at least $50,000,000 U.S.$50,000,000, being acceptable to the Company and has having its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act6.10, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. Neither the Company nor any Affiliate of the Company shall serve as Trustee hereunder. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with to serve as Trustee hereunder pursuant to the provisions of this SectionSection 6.10, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 2 contracts

Samples: Indenture (Gruma Sab De Cv), Indenture (Gruma Sa De Cv)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, or any state and having a deposit rating of at least A- by Standard & Poor's, A2 by Xxxxx'x and, if rated by Fitch, A by Fitch. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2002 B), Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2002-A)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect that shall (a) be a corporation organized and doing business under the laws of the United States of America or of any state or territory or the District of Columbia, authorized under such laws to the Securities exercise corporate trust powers and subject to supervision or examination by federal, state, territorial or District of each seriesColumbia authority, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall (b) be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has and (c) have a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Westcoast Hospitality Corp), Indenture (Westcoast Hospitality Capital Trust)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers having (or, in the case of the subsidiary of a bank holding company that is eligible pursuant to guarantees the Trust Indenture Act to act as suchobligations of the Trustee under this Indenture, has such holding company’s parent shall have) a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority. If any such Person corporation or holding company parent publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act609, the combined capital and surplus of such Person corporation or holding company parent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 2 contracts

Samples: Indenture (Arch Capital Group Ltd.), Indenture (Arch Capital Group Ltd.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States City of AmericaChicago, Illinois. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture of Trust (Energy Income & Growth Fund), Indenture of Trust (Energy Income & Growth Fund)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 U.S.$50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, New York City. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 2 contracts

Samples: Indenture (America Movil Sab De Cv/), Indenture (Mobile Radio Dipsa)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any State authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of AmericaAmerica and having a deposit rating of at least A2 by Xxxxx'x and, if rated by Fitch, having a rating of at least A- from Fitch (or such lower rating as may be acceptable to Fitch). If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall shall, upon the request of the Seller resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Amresco Residential Secs Corp Mort Loan Trust 1998-3), Pooling and Servicing Agreement (Amresco Residential Securities Corp Mortgage Loan Tr 1998-2)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, series which may be a Trustee hereunder for Securities of one or more other series. Each Trustee series and shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaU.S.$50,000,000, subject to supervision or examination by Federal or State authority. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Coca-Cola Hellenic Bottling Co Sa), Indenture (Coca-Cola Hellenic Bottling Co Sa)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 U.S.$50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, New York City. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Mobile Radio Dipsa), Indenture (America Movil Sa De Cv/)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the each series of Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 U.S.$50,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by federal or state authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series of Securities shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (AV Homes, Inc.), Indenture (Avatar Holdings Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which who may be the Trustee hereunder for Securities of one or more other series. Each The Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaNew York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (GPT Operating Partnership LP), Indenture (Arbor Realty Trust Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the each series of Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 50,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority and qualified and eligible under this Article VI. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series of Securities shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Senior Indenture (ServisFirst Bancshares, Inc.), Subordinated Indenture (ServisFirst Bancshares, Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia (or such other Person that is eligible pursuant to the Trust Indenture Act as may be permitted to act as suchTrustee by the Commission), has authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 50,000,000, and has its Corporate Trust Office in subject to supervision or examination by Federal or State authority, provided that, neither the continental United States Company nor any Affiliate of Americathe Company may serve as Trustee of any Securities. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 2 contracts

Samples: Indenture (Potlatch Corp), Indenture (Potlatch Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 100,000,000 and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then then, for the purposes of this Section and to the extent permitted by the Trust Indenture Act5.8, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 5.8, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 5.

Appears in 2 contracts

Samples: Trust Indenture (Midamerican Energy Holdings Co /New/), Trust Indenture (Williams Companies Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaMinneapolis, Minnesota. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Reynolds & Reynolds Co)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this -41- 50 Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Goldman Sachs Group Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in ________________ subject to supervision or examination by the continental United States of America, or any state and having a deposit rating of at least A- by Standard & Poor’s, A2 by Xxxxx’x and, if rated by Fitch, A by Fitch. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Funding LLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in any city in the continental United States of AmericaStates. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent annual report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 1 contract

Samples: Indenture (EnerSys)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, or any state and having a deposit rating of at least A- by Standard & Poor's and A2 by Moody's and if rated by Fitch, A by Fitch. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Funding LLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any State authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, acceptable to the Owners of a majority of the Percentage Interests of the Offered Certificates and having a deposit rating of at least A- from Fitch and A2 by Xxxxx'x. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall shall, upon the request of the Seller, resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1997-3)

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Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the each series of Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation, national association or other legal entity organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 50,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series of Securities shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (QCR Holdings Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, or any state and having a deposit rating of at least A2 by Moody's and if rated by Fitch, A by Fitch. If any such Person publishes reports Trustee publxxxxx xeports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Funding LLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 U.S.$50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (WPP Group PLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to that is a Corporation organized and doing business under the Securities laws of each seriesthe United States, which may be Trustee hereunder for Securities any state thereof or the District of one or more other series. Each Trustee shall be a Person Columbia, that is eligible pursuant to and satisfies the requirements under Section 310(a)(1), (2) and (5) of the Trust Indenture Act to act as such, trustee under an indenture qualified under the Trust Indenture Act and that has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Walgreens Boots Alliance, Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has having (or be part of a holding company group with) a combined capital and surplus of at least $50,000,000 U.S.$50,000,000, subject to supervision or examination by federal or state authority, and has its Corporate Trust Office in good standing. The Trustee or an Affiliate of the continental United States Trustee shall maintain an established place of Americabusiness in The City of New York. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Trustee shall not be an obligor upon the Securities or an Affiliate of any obligor thereon. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle and a successor shall be appointed pursuant to Section 6.9.

Appears in 1 contract

Samples: Indenture (Oil States International Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities each Series of each seriesSecurities, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any state of the United States of America, authorized under such laws to exercise corporate trust powers and engaged in such business in the Trust Indenture Act to act as suchregular course of its business, has having a combined capital and surplus of at least $50,000,000 50,000,000, and has its Corporate Trust Office in subject to supervision or examination by United States Federal authority or the continental authority of any State of the United States of America. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then then, for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the any Series of Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Perez Companc Sa)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee or more Trustees hereunder with respect to the Securities of each series, at least one of which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall will be a Person that is eligible pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least not less than $50,000,000 50,000,000, is subject to supervision or examination by Federal or State authority, and has its Corporate Trust Office in the continental United States of AmericaStates. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (American Capital, LTD)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaStates. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent annual report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 1 contract

Samples: Indenture (Allegion US Holding Co Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (one, and only one) , Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other seriesNotes. Each Trustee shall be a Person that is eligible pursuant a corporation or banking association organized and doing business under the laws of the United States of America or any state thereof that is authorized under such laws to the Trust Indenture Act exercise corporate trustee power, that is subject to act as suchsupervision or examination by federal or state authorities, that has a combined capital and surplus of at least $50,000,000 and that has its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act11.09, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 11.09, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Eleven.

Appears in 1 contract

Samples: Indenture (USA Compression Partners, LP)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, series which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its 50,000,000, with a Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Forest City Enterprises Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be the Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States The City of AmericaNew York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Xtra Missouri Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant an organization or entity organized and doing business under the laws of the United States of America or of any state thereof, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 U.S.$200,000,000, subject to supervision or examination by federal or state authority, having a long-term debt rating of at least “Baa1” by Moody’s and has its Corporate Trust Office in having an office within the continental United States of AmericaStates. If any such Person organization or entity publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act6.8, the combined capital and surplus of such Person organization or entity shall be deemed to be its combined capital and surplus as set forth in its most recent published report of condition so publishedcondition. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.8, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 1 contract

Samples: Indenture

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in subject to supervision or examination by the continental United States of America, or any state and having a deposit rating of at least A- by Standard & Poor's and A2 by Xxxxx'x and if rated by Fitch, A by Fitch. If any such Person Trustee publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article X.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Funding LLC)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 100,000,000 and has its Corporate Trust Office an office in the continental United States of AmericaNew York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 6.9 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.9, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Berkshire Hathaway Inc)

Corporate Trustee Required; Eligibility. There Each Trust shall at --------------------------------------- all times be one (and only one) have a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be eligible to act as a Person that is eligible pursuant to Trustee under Section 310(a) of the Trust Indenture Act and which shall be a corporation organized and doing business under the laws of the United States of America or of any state, authorized under such laws to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 100,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by federal or state authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection to act as Trustee of any Trust, it the Trustee shall resign immediately in the manner and with the effect hereinafter specified in this ArticleSection 7.09.

Appears in 1 contract

Samples: Pass Through Trust Agreement (General American Railcar Corp Ii)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of Americathat is acceptable to the Company. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent annual report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle VI.

Appears in 1 contract

Samples: Indenture (Lument Finance Trust, Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which series who may be the Trustee hereunder for Securities of one or more other series. Each The Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaNew York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Arbor Realty Trust Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities Notes of each series, which may be Trustee hereunder for Securities the Notes of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities Notes of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Enviva Partners, LP)

Corporate Trustee Required; Eligibility. There Each Trust shall at all times be one (and only one) have a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be eligible to act as a Person that is eligible pursuant to Trustee under Section 310(a) of the Trust Indenture Act and which shall be a corporation organized and doing business under the laws of the United States of America or of any state, authorized under such laws to act as suchexercise corporate trust powers, has having (or, in the case of a subsidiary of a bank holding company, its parent shall have) a combined capital and surplus of at a least $50,000,000 100,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or state authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection to act as Trustee of any Trust, it the Trustee shall resign immediately in the manner and with the effect hereinafter specified in this ArticleSection 7.09.

Appears in 1 contract

Samples: Pass Through Trust Agreement (Gatx Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States The City of AmericaNew York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. SECTION 610.

Appears in 1 contract

Samples: Indenture (Amoco Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture of Trust (Energy Income & Growth Fund)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities Notes of each series, which may be Trustee hereunder for Securities Notes of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act and the Negotiable Obligations Law Section 13 to act as such, has a combined capital and surplus of at least $50,000,000 50.0 million and has its Corporate Trust Office in the continental United States of AmericaStates. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities Notes of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Gas Transporter of the South Inc)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 100,000,000 and has its Corporate Trust Office an office in New York, New York or any other major city that is acceptable to the continental United States of AmericaCompanies. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 6.09 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.09, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 6.

Appears in 1 contract

Samples: Indenture (Berkshire Hathaway Finance Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee that shall be a Person that is eligible pursuant corporation or national association organized and doing business under the laws of the United States of America or of any State or Territory thereof or of the District of Columbia, authorized under such laws to exercise corporate trust powers, having (or, in the Trust Indenture Act to act as suchcase of a subsidiary of a bank holding company, has its holding company parent shall have) a combined capital and surplus of at least $50,000,000 50,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or State authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act5.09, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 5.09, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.Article V.

Appears in 1 contract

Samples: Indenture (Agilent Technologies, Inc.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 and has its a Corporate Trust Office in the continental United States Borough of AmericaManhattan, the City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Homex Development Corp.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Rinker Group LTD)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee a trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation or association organized and doing business under the laws of the United States of America or of any state, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 100,000,000, subject to supervision or examination by Federal or state authority and has its Corporate Trust Office in having an office within the continental United States of America, and which shall have a commercial paper or other short-term rating of the highest short term rating categories by the Rating Agencies, or otherwise acceptable to the Rating Agencies. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Indenture Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (T&w Financial Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.. 49

Appears in 1 contract

Samples: Indenture (Associated Banc-Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant corporation organized and doing business under the laws of the United States of America or of any State, authorized under such laws to the Trust Indenture Act to act as suchexercise corporate trust powers, has having a combined capital and surplus of at least $50,000,000 100,000,000, subject to super vision or examination by federal or state authority and has its Corporate Trust Office in having an office within the continental United States of America; provided, however, that in the event Bankers Trust Company or its corporate successor is not Trustee, the Trustee must be a Qualified Bank. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect affect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Dyncorp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, such and has a combined capital and surplus of at least $50,000,000 100,000,000 and has its Corporate Trust Office an office in the continental United States of AmericaNew York, New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 6.09 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 6.09, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle 6.

Appears in 1 contract

Samples: Indenture (Berkshire Hathaway Finance Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as suchsuch and has (or together with its corporate parent, has has) a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America50,000,000. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (Avery Dennison Corporation)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person corporation that is eligible pursuant to the Trust Indenture Act to act as such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of AmericaStates. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section 609 and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection 609, it shall resign immediately in the manner and with the effect hereinafter specified in this ArticleArticle Six.

Appears in 1 contract

Samples: Subordinated Debt Indenture (Byline Bancorp, Inc.)

Corporate Trustee Required; Eligibility. There Each Trust shall at all times be one (and only one) have a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be eligible to act as a Person that is eligible pursuant to trustee under Section 310(a) of the Trust Indenture Act and which shall be a corporation organized and doing business under the laws of the United States of America or of any state, authorized under such laws to act as suchexercise corporate trust powers, has having (or, in the case of a subsidiary of a bank holding company, its parent shall have) a combined capital and surplus of at a least $50,000,000 100,000,000, and has its Corporate Trust Office in the continental United States of Americasubject to supervision or examination by Federal or state authority. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its the aforesaid supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this SectionSection to act as Trustee of any Trust, it the Trustee shall resign immediately in the manner and with the effect hereinafter specified in this ArticleSection 7.09.

Appears in 1 contract

Samples: Pass Through Trust Agreement (Gatx Corp)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) a Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, has which shall be a corporation organized and doing business under the laws of the United States of America, any State or Territory thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 50,000,000, subject to supervision or examination by Federal, State, Territorial or District of Columbia authority and has having its Corporate Trust Office in any major city in the continental United States of Americathat is acceptable to the Company. If any such Person corporation publishes reports of condition at least annually, pursuant to law or to the requirements of its said supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture ActSection, the combined capital and surplus of such Person corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Senior Indenture (Home Loan Servicing Solutions, Ltd.)

Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such, and has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office or agency in the continental United States Borough of AmericaManhattan, The City of New York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

Appears in 1 contract

Samples: Indenture (First Tennessee National Corp)

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