Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 21 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2001-A), Indenture (Premier Auto Trust 1999-2), Indenture (SSB Vehicle Securities Inc BMW Vehicle Owner Trust 1999-A)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Standard & PoorMoody's and P-1 BBB or better by MoodyStandaxx & Xxor's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 15 contracts
Samples: Indenture (Impac CMB Trust Series 2002-8), Indenture (Impac CMB Trust Series 2004-2), Indenture (Imh Assets Corp Impac CMB Trust Series 2002-5)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's ’s and P-1 (if rated by Moody'sFitch) F-1 by Fitch. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 14 contracts
Samples: Indenture (World Omni Auto Receivables Trust 2016-A), Indenture (World Omni Auto Receivables Trust 2016-A), Indenture (World Omni Auto Receivables Trust 2015-B)
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 "A-1" by Standard & Poor's and P-1 "P-1" by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 10 contracts
Samples: Indenture (Daimlerchrysler Auto Trust 2004-B), Indenture (Morgan Stanley Auto Loan Trust 2004-Hb2), Indenture (Morgan Stanley Auto Loan Trust 2003-Hb1)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [____] or better by Standard & Poor's and P-1 by Moody's[______]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 8 contracts
Samples: J P Morgan Acceptance Corp I, Indenture (Cwabs Inc), Indenture (Equity One Abs Inc)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including the inclxxxxx xhe optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 8 contracts
Samples: Servicing Agreement (National City Mortgage Capital LLC), Indenture (Icifc Secured Assets Corp), Indenture (Southern Pacific Secured Assets Corp)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Xxxxx'x and BBB or better by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 8 contracts
Samples: Servicing Agreement (Impac CMB Trust Series 2005-2, Collateralized Asset-Backed Bonds, Series 2005-2), Indenture (Imh Assets Corp Impac CMB Trust Series 1999-1), Indenture (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2000 1)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Xxxxx'x and BBB or better by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 7 contracts
Samples: Servicing Agreement (American Home Mort Securities Home Mortgage Invest Tr 2004-1), Indenture, Dated as Of (Imh Assets Corp), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003-4)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by Moody's[Xxxxx'x]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 7 contracts
Samples: Indenture (WMC Secured Assets Corp), Servicing Agreement (WaMu Asset Acceptance Corp.), Indenture (New Century Mortgage Securities Inc)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of conditioncondition and it or its parent shall have a long-term debt rating of “Baa3” or better by Xxxxx’x and “BBB” or better by Fitch, and or otherwise acceptable to the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody'sRating Agencies. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 6 contracts
Samples: Nissan Auto Receivables 2024-a Owner Trust, Nissan Auto Receivables 2024-a Owner Trust, NISSAN AUTO RECEIVABLES Co II LLC
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Standard & PoorMoody's and P-1 BBB or better by MoodyStandarx & Xxxr's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 5 contracts
Samples: Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003-9f), Servicing Agreement (Imh Assets Corp Impac CMB Trust Series 2003 10), Indenture (Imh Assets Corp)
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 5 contracts
Samples: Indenture (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Indenture (SSB Vehicle Securities Inc), Indenture (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including incxxxxxx the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 5 contracts
Samples: Indenture (Argent Securities Inc), Servicing Agreement (New Century Mortgage Securities LLC), Indenture (Painewebber Mortgage Acceptance Corporation Iv)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 “A-1” by Standard & Poor's ’s and P-1 “Prime-1” by Moody's’s. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 4 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2011-B), Indenture (Hyundai Auto Receivables Trust 2011-A), Indenture (Hyundai Auto Receivables Trust 2010-B)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 "A-1" by Standard & Poor's and P-1 "Prime-1" by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 3 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2002-A), Indenture (BMW Vehicle Owner Trust 2005-A), BMW Vehicle Owner Trust 2006-A
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a(S)310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits of the Indenture Trustee its long-term unsecured debt shall be rated at least A-1 Baa3 by Moody's, BBB- by Standard & Poor's and P-1 BBB- by Moody'sFitch. The Indenture Trustee shall comply with TIA ss. 310(b(S)310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9(S)310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1(S)310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1(S)310(b)(1) are met.
Appears in 3 contracts
Samples: Household Credit Card Master Note Trust I, Conseco Finance Credit Funding Corp, Household Credit Card Master Note Trust I
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 “A-1” by Standard & Poor's ’s and P-1 “F1” by Moody'sFitch. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 3 contracts
Samples: Indenture (Chrysler Financial Auto Securitization Trust 2010-A), Indenture (Chrysler Financial Auto Securitization Trust 2009-B), Indenture (Chrysler Financial Auto Securitization Trust 2009-A)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee and the Securities Administrator shall each have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Xxxxx’x and BBB or better by Standard & Poor's and P-1 by Moody's’s. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 3 contracts
Samples: Indenture (Homebanc Corp), Indenture (Homebanc Corp), Indenture (Peoples Choice Home Loan Securities Trust Series 2005-2)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 Baa3 or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 3 contracts
Samples: Indenture (Keycorp Student Loan Trust 2001-A), Indenture (Usa Group Secondary Market Services Inc), Key Bank Usa National Association
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee and the Securities Administrator shall each have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Xxxxx'x and BBB or better by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 3 contracts
Samples: Trust Agreement (MORTGAGEIT TRUST 2005-3, Mortgage-Backed Notes, Series 2005-3), MORTGAGEIT TRUST 2005-4, Mortgage-Backed Notes, Series 2005-4, MortgageIT Trust 2005-5, Mortgage-Backed Notes, Series 2005-5
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. §310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits of the Indenture Trustee either its long-term unsecured debt shall be rated at least A-1 Baa3 by Moody’s or BBB- by Standard & Poor's and P-1 ’s or its short-term debt shall be rated at least P-2 by Moody's’s or A-2 by Standard & Poor’s. The Indenture Trustee shall comply with TIA ss. §310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. §310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. §310(b)(1) are met.
Appears in 3 contracts
Samples: Master Indenture (First National Funding LLC), Master Indenture (First National Funding LLC), Master Indenture (First National Master Note Trust)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 “Baa3” or better by Standard & Poor's Mxxxx’x and P-1 “BBB” or better by Moody'sS&P and Fitch. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (New Century Home Equity Loan Trust 2006-2), Indenture (New Century Home Equity Loan Trust 2006-1)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by Moody's[Xxxxx’x]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Servicing Agreement (National City Mortgage Capital LLC), Servicing Agreement (Long Beach Securities Corp)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 A2 or better by Standard & Poor's and P-1 by Moody'sXxxxx'x. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Nomura Home Equity Loan, Inc., PHH Mortgage Capital LLC
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 “Baa3” or better by Standard & Poor's Mxxxx’x and P-1 “BBB” or better by Moody'sS&P and Fitch. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (New Century Home Equity Loan Trust 2006-S1), Indenture (New Century Alternative Mortgage Loan Trust 2006-Alt1)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply shxxx xxxply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: MortgageIT Securities Corp., Peoples Choice Home Loan Securities Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. (S) 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee Baa3 or better by Moody's or shall otherwise be rated at least A-1 by Standard & Poor's and P-1 by acxxxxxxxe to Moody's. The Indenture Trustee shall comply sxxxx xxmply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Gs Mortgage Securities Corp, Goldman Sachs Asset Backed Securities Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 [________] as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody'sXxxxx'x. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: American Honda Receivables Corp, American Honda Receivables Corp
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 "P-1" by Standard & PoorMoody's and P-1 "F1" by Moody'sFitch. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (DaimlerChrysler Auto Trust 2006-C), DaimlerChrysler Auto Trust 2006-B
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's S&P Global Ratings and P-1 (if rated by Moody'sFitch) F-1 by Fitch. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (World Omni Auto Receivables Trust 2016-B), Indenture (World Omni Auto Receivables Trust 2016-B)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 “A-1” by Standard & Poor's ’s and P-1 “F1+” by Moody'sFitch. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (Hyundai Abs Funding Corp), Hyundai Auto Receivables Trust 2009-A
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Moody's and BBB or better by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply xxxxx xomply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Servicing Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Se 03 12), IMPAC CMB Trust SERIES 2004-6
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Standard Moody's and BBB or better xx Xxxxdard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Servicing Agreement (Impac CMB Trust Collaterlized Ab Bond Series 2003-3), Mortgage Loan Purchase Agreement (Imh Assets Corp Impac CMB Trust Series 2004-9)
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(ass.310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(bss.310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9ss.310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1ss.310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1ss.310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (Irwin Whole Loan Home Equity Trust 2004 A), Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 2001-2
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by Moody's[Xxxxx'x]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.. Section 6.12
Appears in 2 contracts
Samples: American Home Mortgage Assets LLC, American Home Mortgage Securities LLC
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a)) and Section 26(a) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus, and an aggregate capital, surplus and undivided profits, of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits (unless waived by Moodx'x) xx shall have a long term unsecured debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Standard & Poor's and P-1 by Moody'sMoodx'x. The Xxe Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (Wholesale Auto Receivables Corp), Indenture (Wholesale Auto Receivables Corp)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by Moody's[Xxxxx'x]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Material Definitive Agreement (Impac Secured Assets Corp), Material Definitive Agreement (Impac Secured Assets Corp)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a)) and Section 26(a) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus, and an aggregate capital, surplus and undivided profits, of at least $50,000,000 ________________ as set forth in its most recent published annual report of condition, condition and the time deposits (unless waived by ________) it shall have a long term unsecured debt rating of the Indenture Trustee shall be rated at least A-1 ________ or better by Standard & Poor's and P-1 by Moody's________. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 2 contracts
Samples: Indenture (Asset Backed Securities Corp), Ace Securities Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 BBB- by Standard & Poor's Poors and P-1 Baa3 by Moody's's or better by the Rating Agencies. The Indenture Trustee shall comply with TIA ss. 310(b310 (b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other otheR securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Barnett Auto Receivables Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits of the Indenture Trustee its long-term unsecured debt shall be rated at least A-1 Baa3 by Xxxxx'x and BBB- by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Moody's and BBB or better by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply shalx xxxxxy with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Moody's and BBB or xxxxxx by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Impac Secured Assets CMN Trust Series 1998-1)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits short-term debt rating of the Indenture Trustee shall be rated at least A-1 “A-1” by Standard & Poor's ’s and P-1 “Prime-1” by Moody'sXxxxx’x. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 1 contract
Samples: BMW Vehicle Owner Trust 2010-A
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA sss.s. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA sss.s. 310(b), including the optional provision permitted by the second sentence of TIA sss.s. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA sss.s. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA sss.s. 310(b)(1) are met.
Appears in 1 contract
Samples: Premier Auto Trust 1998-3
Eligibility; Disqualification. The Indenture Trustee shall ----------------------------- at all times satisfy the requirements of TIA ssSec. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Standard Moody's and BBB or better by Stanxxxx & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ssSec. 310(b), including the optional provision permitted by the second sentence of TIA ssSec. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ssSec. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ssSec. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a(S)310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long-term senior unsecured debt rating of not less than investment grade by each of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody'sRating Agencies. The Indenture Trustee shall comply with TIA ss. 310(b(S)310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9(S)310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1(S)310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1(S)310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. ' 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated [at least A-1 Baa3 or better by Standard & Poor's Xxxxx'x and P-1 at least BBB by Moody'sS&P]. The Indenture Trustee shall comply with TIA ss. ' 310(b), including the optional provision permitted by the second sentence of TIA ss. ' 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. ' 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. ' 310(b)(1) are met.
Appears in 1 contract
Samples: Mellon Bank N A
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. (S)(S) 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and shall have a long term debt rating of investment grade or better by the time deposits of Rating Agencies or shall otherwise be acceptable to the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody'sRating Agencies. The Indenture Trustee shall comply with TIA ss. (S)(S) 310(b), including the optional provision permitted by the second sentence of TIA ss. (S)(S) 310(b)(9); provided, however, provided that there shall be excluded from the operation of TIA ss. (S)(S) 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. (S)(S) 310(b)(1) are met.
Appears in 1 contract
Samples: Bond Securitization LLC
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 “Baa3” or better by Standard & Poor's Xxxxx’x and P-1 “BBB” or better by Moody'sS&P and Fitch. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Greenpoint Mortgage Funding Trust 2005-He4)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b310(x), including xncluding the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Sectopm 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 [“A-1” by Standard & Poor's ’s and P-1 “Prime-1” by Moody's’s]. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Hyundai Abs Funding Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 BBB- by Standard & Poor's Poors and P-1 Baa3 by Moody's's or better by the Rating Agencies. The Indenture Trustee shall comply with TIA ss. 310(b310 (b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Oxford Resources Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 “BBB-” or better by Standard & Poor's ’s and P-1 “Baa3” or better by Moody'sXxxxx’x. The Indenture Trustee shall provide copies of such reports to the Security Insurer upon request. The Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Note Depository Agreement (Franklin Auto Trust 2004-2)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(ass.310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply shxxx xxxply with TIA ss. .. 310(b), including the optional provision permitted by the second sentence of TIA ss. .. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. .. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. .. 310(b)(1) are met.
Appears in 1 contract
Samples: Servicing Agreement (Citigroup Mortgage Loan Trust Inc)
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(ass.310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 A or better by Standard & Poor's and P-1 by Moody'sXxxxx'x. The Indenture Trustee shall comply with TIA ss. 310(bss.310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9ss.310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1ss.310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1ss.310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Bear Stearns Asset Backed Securities Inc)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by Moody's[Mxxxx'x]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 [ ] as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 "Baa3" or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Asset Backed Securities Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee and the Securities Administrator shall each have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 BBB or better by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Structured Asset Mort Inv Inc Mort Back NTS Ser 2003-1)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b310(x), including xxcluding the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits of the Indenture Trustee its long-term unsecured debt shall be rated at least A-1 Baa3 by Moody's and BBB- by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's 's, F1 by Fitch and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long_term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by Moody's[Xxxxx'x]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: BNP Paribas Mortgage Securities LLC
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 __ or better by Standard & Poor's and P-1 by Moody's[Rating Agency]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: GE-WMC Mortgage Securities, L.L.C.
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A2 or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Nomura Home Equity Loan, Inc.
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 40,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including incxxxxxx the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including the inclxxxxx xhe optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Imh Assets Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Xxxxx'x and BBB or better by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Imh Assets Corp)
Eligibility; Disqualification. The Indenture Trustee shall ----------------------------- at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of conditioncondition and shall have a long term debt rating of investment grade by each of the Rating Agencies or shall otherwise be acceptable to each Rating Agency, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 Prime-1 by Moody's. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Pooled Auto Securities Shelf LLC
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including incxxxxxx the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Material Definitive Agreement (Opteum Mortgage Acceptance CORP)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ssTIAss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ssTIAss. 310(b), including the optional provision permitted permitte d by the second sentence of TIA ssTIAss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ssTIAss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ssTIAss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of conditioncondition and it or its parent shall have a long-term debt rating of “Baa3” or better by Xxxxx’x and “BBB” or better by S&P, Fitch and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody'sDBRS. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (New Century Home Equity Loan Trust 2005-2)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(aSection310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits of the Indenture Trustee its long-term unsecured debt shall be rated at least A-1 BBB- by Fitch, Baa3 by Moody's and BBB- by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 310(bSection310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9Section310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1Section310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1Section310(b)(1) are met.
Appears in 1 contract
Samples: Household Affinity Funding Corp Iii
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits of the Indenture Trustee its long-term unsecured debt shall be rated at least A-1 BBB- by Fitch, Baa3 by Moody's and BBB- by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Household Affinity Funding Corp Iii
Eligibility; Disqualification. The COLT Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The COLT Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 ____________ as set forth in its most recent published annual report of conditioncondition and (unless waived by Moody's, and if Xxxxx'x is rating the time deposits COLT 200_-_ Secured Notes) it shall have a long term unsecured debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 Baa3 or better by Moody's. The COLT Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer COLT are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Central Originating Lease Trust
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A2 or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the incluxxxx xxe optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Nomura Asset Acceptance Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including xxxxuding the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: BNP Paribas Mortgage ABS LLC
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 "A-1" by Standard & Poor's and P-1 "F1" by Moody'sFitch. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: DaimlerChrysler Auto Trust 2006-A
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits of the Indenture Trustee its long-term unsecured debt shall be rated at least A-1 Baa3 by Moody's, BBB- by Standard & Poor's and P-1 BBB- by Moody'sFitch. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A or better by Moody's. The Indenture Trustee shall comply sxxxx xxmply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Home Loan Trust 2005-Hi3
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall be acceptable to the Subordinate Note Insurer and shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 "Baa3" or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Usa Group Secondary Market Services Inc)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 “A-1” by Standard & Poor's ’s and P-1 “Prime-1” by Moody's’s. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. ss.ss..310(a). The Indenture Trustee shall have a combined capital and surplus anx xxxplus of at least [$50,000,000 40,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including incxxxxxx the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Material Definitive Agreement (Structured Asset Mortgage Investments Ii Inc)
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(ass.310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(bss.310(b), including inxxxxxxx the optional provision permitted by the second sentence of TIA ss. 310(b)(9ss.310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1ss.310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1ss.310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Bear Stearns Asset Backed Securities Inc)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 "Baa3" or better by Standard & PoorMoody's and P-1 "BBB" or better by Moody's. The Indenture S&P. Xxx Xndenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (New Century Home Equity Loan Trust 2004-1)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A2 or better by Moody's. The Indenture Trustee shall comply shalx xxxxxy with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Nomura Asset Acceptance Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 [____] by Standard & Poor's [____] or [____] by [____] and P-1 [____] by Moody's[____]. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Hyundai Abs Funding LLC)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 'SS' 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 [50,000,000] as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody's. The Indenture Trustee shall comply with TIA ss. 'SS' 310(b), including the optional provision permitted by the second sentence of TIA ss. 'SS' 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 'SS' 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 'SS' 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Hyundai Abs Funding Corp)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ssTIAss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 BBB- by Standard & Poor's and P-1 Baa by Moody's. The Indenture Trustee shall comply with TIA ssTIAss. 310(b310 (b), including the optional provision permitted by the second sentence of TIA ssTIAss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ssTIAss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ssTIAss. 310(b)(1) are met.
Appears in 1 contract
Samples: Money Store Home Equity Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply shalx xxxxxy with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Material Definitive Agreement (MortgageIT Securities Corp.)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 A2 or better by Moody's. The Indenture Trustee shall comply with TIA ss. 310(b), including the incluxxxx xxe optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Deutsche Alt-a Securities Inc
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 Baa3 or better by Standard & PoorMoody's and P-1 BBB or better by MoodyStandaxx & Xxor's. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Servicing Agreement (Imh Assets Corp Collateralized Asset Backed Bonds Ser 2004 4)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall be acceptable to the Note Insurer and shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee not less than "A" by S&P or shall otherwise be rated at least A-1 by Standard & Poor's and P-1 by Moody'sacceptable to each Rating Agency. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: Indenture (Ace Securities Corp Home Loan Trust 1999 a Asset Backed Note)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 BBB- by Standard & Poor's and P-1 Baa3 by Moody'sXxxxx'x or better by the Rating Agencies. The Indenture Trustee shall comply with TIA ss. 310(b310 (b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDed, howeverHOWEVer, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other otheR securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Mellon Auto Receivables Corp
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it shall have a long term debt rating of the Indenture Trustee shall be rated at least A-1 BBB- by Standard & Poor's and P-1 Baa3 by Moody's's or better by the Rating Agencies. The Indenture Trustee shall comply with TIA ss. 310(b310 (b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under undeR which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Ace Securities Corp
Eligibility; Disqualification. (a) The Indenture Trustee shall at all times satisfy the requirements of TIA ss. Section 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, and the time deposits of the Indenture Trustee shall be rated at least A-1 "A-1" by Standard & Poor's and P-1 "F1" by Moody'sFitch. The Indenture Trustee shall comply with TIA ss. Section 310(b), including the optional provision permitted by the second sentence of TIA ss. Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. Section 310(b)(1) are met.
Appears in 1 contract
Samples: DaimlerChrysler Auto Trust 2006-D
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a)) and Section 26(a) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus, and an aggregate capital, surplus and undivided profits, of at least $50,000,000 ___as set forth in its most recent published annual report of condition, condition and the time deposits (unless waived by ___) it shall have a long term unsecured debt rating of the Indenture Trustee shall be rated at least A-1 ___or better by Standard & Poor's and P-1 by Moody's___. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Underwriting Agreement (Goldman Sachs Asset Backed Securities Corp)
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 "Baa3" or better by Standard & Poor's Xxxxx'x and P-1 "BBB" or better by Moody'sS&P and Fitch. The Indenture Trustee shall comply with TIA ss. § 310(b), including the optional provision permitted by the second sentence of TIA ss. § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. § 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA ss. § 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a). The Indenture Trustee shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition, condition and the time deposits it or its parent shall have a long-term debt rating of the Indenture Trustee shall be rated at least A-1 [Baa3] or better by Standard & Poor's and P-1 by [Moody's]. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA ss. 310(a)310(a)(1) and ss. 310(a)(5) [and Section 26(a)(1) of the Investment Company Act of 1940]. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition, condition and it shall have a long term debt rating of A (or the time deposits equivalent thereof) or better by all of the Indenture Trustee shall be rated at least A-1 by Standard & Poor's and P-1 by Moody'sRating Agencies from which a rating is available. The Indenture Trustee shall comply with TIA ss. 310(b), including the optional provision permitted by the second sentence of TIA ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA ss. 310(b)(1) any indenture or indentures under which other securities of the Note Issuer are outstanding if the requirements for such exclusion set forth in TIA ss. 310(b)(1) are met.
Appears in 1 contract
Samples: Interest Original Principal (Central & South West Corp)