Common use of Eligibility to Hold Posted Collateral Clause in Contracts

Eligibility to Hold Posted Collateral. Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied: (1) The Custodian is a bank or trust company located in the United States having total assets of at least $250,000,000 and a short term unsecured debt or counterparty rating of "Prime-1" from Moody's and "A-1" from Standard & Poor's. Initially, the Custodian for Party B is: The Bank of New York.

Eligibility to Hold Posted Collateral. Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied: (1) The Custodian is a bank or trust company located in the United States having total assets of at least $250,000,000 and a short term unsecured debt or counterparty rating of "Prime-1" from Moody's and "A-1X-0" from Standard & Poor's. Initially, the Custodian for Party B is: The Deutsche Bank of New YorkNational Trust Company.

Eligibility to Hold Posted Collateral. Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied: (1) The . Party B may appoint as Custodian is a bank or trust company located in the United States having total assets of at least $250,000,000 and a short term unsecured debt or counterparty rating of "Prime-1" from Moody's and "A-1" from Standard & Poor's. Initially, the Custodian for Party B is: The Bank of New York.

Eligibility to Hold Posted Collateral. Custodians. Party B (or any Custodian) will be entitled to hold Posted Collateral pursuant to Paragraph 6(b); provided that the following conditions applicable to it are satisfied: (1) The Custodian is a bank or trust company located in the United States having total assets of at least $250,000,000 and a short term unsecured debt or counterparty rating of "Prime-1" from Moody's Xxxxx'x and "A-1" from Standard & Poor's. Initially, the Custodian for Party B is: The Bank of New York.