Eligibility to Hold Posted Collateral; Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b). Party B may appoint as Custodian (A) the entity then serving as Cap Trustee or (B) any entity other than the entity then serving as Cap Trustee if such other entity (or, to the extent applicable, its parent company or credit support provider) shall then have a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1.” Initially, the Custodian for Party B is: Not applicable.
Appears in 4 contracts
Samples: Credit Support Annex (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa1), Credit Support Annex (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ramp1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-He3)
Eligibility to Hold Posted Collateral; Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b). Party B may appoint as Custodian (A) the entity then serving as Cap Trustee Securities Administrator or (B) any entity other than the entity then serving as Cap Trustee Securities Administrator if such other entity (or, to the extent applicable, its parent company or credit support provider) shall then have a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1.” Initially, the Custodian for Party B is: Not applicable.Securities Administrator
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-Asap2), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-He1)
Eligibility to Hold Posted Collateral; Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b). Party B may appoint as Custodian (A) the entity then serving as Cap Trustee or (B) any entity other than the entity then serving as Cap Trustee if such other entity (or, to the extent applicable, its parent company or credit support provider) shall then have a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1.” Initially, the Custodian for Party B is: Not applicable.
Appears in 2 contracts
Samples: Novation Agreement, Credit Support Annex (MASTR Adjustable Rate Mortgages Trust 2007-3)
Eligibility to Hold Posted Collateral; Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b). Party B may appoint as Custodian (A) the entity then serving as Cap Trustee Securities Adminstrator or (B) any entity other than the entity then serving as Cap Trustee Securities Administrator if such other entity (or, to the extent applicable, its parent company or credit support provider) shall then have a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1.” Initially, the Custodian for Party B is: Not applicablethe Securities Administrator.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Nc3)
Eligibility to Hold Posted Collateral; Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b). Party B may appoint as Custodian (A) the entity then serving as Cap Indenture Trustee or (B) any entity other than the entity then serving as Cap Indenture Trustee if such other entity (or, to the extent applicable, its parent company or credit support provider) shall then have a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1.” Initially, the Custodian for Party B is: Not applicable.Wxxxx Fargo Bank,, N.A.
Appears in 1 contract
Eligibility to Hold Posted Collateral; Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b). Party B may appoint as Custodian (A) the entity then serving as Cap Trustee Securities Administrator or (B) any entity other than the entity then serving as Cap Trustee Securities Administrator if such other entity (or, to the extent applicable, its parent company or credit support provider) shall then have a short-term unsecured and unsubordinated debt rating from S&P of at least “A-1.” Initially, the Custodian for Party B is: Not applicablethe Securities Administrator.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-Sl1)
