Common use of Eligibility to Hold Posted Collateral; Custodians Clause in Contracts

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 million and a long term debt or a deposit rating of at least (i) Baa2 from Moody’s and (ii) A-1 from S&P, or is the Trustee, and a short term rating from Fitch of at least “F1” and (B) shall hold all Eligible Credit Support in an Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account], as defined in the related Trust Agreement. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust Agreement, or any successor trustee thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 million and a long term debt or a deposit rating of at least (i) Baa2 from Moody’s and (ii) A-1 from S&P, or is the Trustee, and a short term rating from Fitch of at least “F1” and (B) shall hold all Eligible Credit Support in an Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account], as defined in the related Trust Agreement. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust Agreement, or any successor trustee thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 million and a long term debt or a deposit rating of at least (i) Baa2 from Moody’s and (ii) A-1 from S&P, or is the Trustee, and a short term rating from Fitch of at least “F1” and (B) shall hold all Eligible Credit Support in an Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account], as defined in the related Trust Agreement. Initially, the Custodian for Cash and Securities for Party B is: The Trustee Securities Administrator under the Trust Agreement, or any successor trustee securities administrator thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 250 million and a long term debt or a deposit rating of at least (i) Baa2 “Baa2” from Moody’s and Xxxxx’x, (ii) A-1 “A-1” from S&P, or is the Trustee, S&P and (iii) “A” from Fitch with a short term debt rating from Fitch of at least “F1” from Fitch, or is the Trustee and (B) shall hold all Eligible Credit Support Collateral in a segregated account with an Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account]Institution, as defined in the related Trust AgreementPSA. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust AgreementPSA, or any successor trustee thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 million and a long short-term debt or a deposit rating of at least (i) Baa2 P-1 from Moody’s and (ii) A-1 from S&P, or is the Trustee, and a short term rating from Fitch of at least “F1” and (B) shall hold all Eligible Credit Support in an Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account], each as defined in the related Trust Agreement. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust Agreement, or any successor trustee thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 million and a long term debt or a deposit rating of at least (i) Baa2 from Moody’s and (ii) A-1 from S&P, or is the Trustee, and a short term rating from Fitch of at least “F1” and (B) shall hold all Eligible Credit Support in an Eligible the Collateral Account segregated from in accordance with the Swap Account [and provisions of the Interest Rate Cap Account], as defined in the related Trust Agreement. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust Agreement, or any successor trustee thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 million and a long term debt or a deposit rating of at least (i) Baa2 “Baa2” from Moody’s and Xxxxx’x, (ii) A-1 “A-1” from S&P, or is the Trustee, S&P and (iii) “A” from Fitch with a short term debt rating from Fitch of at least “F1” from Fitch, or is the Trustee and (B) shall hold all Eligible Credit Support in an a segregated Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account], as defined in the related Trust AgreementPSA. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust AgreementPSA, or any successor trustee thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 million and a long term debt or a deposit rating of at least (i) Baa2 from Moody’s Xxxxx’x and (ii) A-1 from S&P, or is the Trustee, and a short term rating from Fitch of at least “F1” and (B) shall hold all Eligible Credit Support in an Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account], as defined in the related Trust Agreement. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust Agreement, or any successor trustee thereto.

Eligibility to Hold Posted Collateral; Custodians. A Custodian will be entitled to hold Posted Collateral on behalf of Party B pursuant to Paragraph 6(b); provided that: (1) Posted Collateral may be held only in the following jurisdiction: United States. (2) The Custodian for Party B (A) is a commercial bank or trust company which is unaffiliated with Party B and organized under the laws of the United States or state thereof, having assets of at least $500 250 million and a long term debt or a deposit rating of at least (i) Baa2 "Baa2" from Moody’s and Xxxxx'x, (ii) A-1 "A-1" from S&PS&P and (iii) "A" from Fitch with a short term debt rating of at least "F1" from Fitch, or is the Trustee, and a short term rating from Fitch of at least “F1” Trustee and (B) shall hold all Eligible Credit Support in an a segregated Eligible Account segregated from the Swap Account [and the Interest Rate Cap Account], as defined in the related Trust AgreementPSA. Initially, the Custodian for Cash and Securities for Party B is: The Trustee under the Trust AgreementPSA, or any successor trustee thereto.