Common use of Eligibility of Trustee; Disqualification Clause in Contracts

Eligibility of Trustee; Disqualification. The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The 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 it shall have a long term unsecured debt or deposit rating of A-2 or better by Moodx'x Xxxestors Service, Inc. and A by Standard & Poor's Ratings Group or the equivalent rating thereof by the Rating Agency (if other than Moodx'x Xxxestors Service, Inc., or Standard & Poor's Ratings Group). The Trustee shall comply with TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(1) any series trust deposit agreements under which other securities are outstanding evidencing ownership interests in bonds of the Issuer of the Bonds if the requirements for such exclusion set forth in TIA Section 310(b)(1) are met.

Eligibility of Trustee; Disqualification. The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The 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 it shall have a long term unsecured debt or deposit rating of A-2 or better by Moodx'x Xxxestors Xxxxx'x Investors Service, Inc. and A by Standard & Poor's Ratings Group or the equivalent rating thereof by the Rating Agency (if other than Moodx'x Xxxestors Xxxxx'x Investors Service, Inc., or Standard & Poor's Ratings Group). The Trustee shall comply with TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(1) any series trust deposit agreements under which other securities are outstanding evidencing ownership interests in bonds of the Issuer of the Bonds Underlying Securities if the requirements for such exclusion set forth in TIA Section 310(b)(1) are met.

Eligibility of Trustee; Disqualification. The Trustee shall at all times satisfy the requirements of TIA Section 310(a). The 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 it shall have a long term unsecured debt or deposit rating of A-2 [A-2] or better by Moodx'x Xxxestors Service, Inc. and A [A] by Standard & Poor's Ratings Group or the equivalent rating thereof by the Rating Agency (if other than Moodx'x Xxxestors Service, Inc., or Standard & Poor's Ratings Group). The Trustee shall comply with TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(1) any series trust deposit agreements under which other securities are outstanding evidencing ownership interests in bonds of the Issuer of the Bonds if the requirements for such exclusion set forth in TIA Section 310(b)(1) are met.