Common use of Eligible Collateral Requirements Clause in Contracts

Eligible Collateral Requirements. The Borrower shall cause the Eligible Collateral to consist of (i) at least fifty percent (50%) of investment property or other assets having an applicable rating at all times equal to or greater than Aa2 or AA, and (iii) the balance of investment property or other assets having an applicable rating at all times equal to or greater than A2 or A. For purposes of this Section 7.1.12, the rating of any specific investment property or other assets will be determined as follows: (i) such rating shall be based upon the higher of (a) the rating of such underlying investment property or other asset provided by Xxxxx’x and Standard & Poor’s or (b) the credit enhanced rating of such investment property or other asset provided by Xxxxx’x and Standard & Poor’s; (ii) if a difference exists in the ratings of Xxxxx’x and Standard & Poor’s and the difference is only one level, such rating shall be based upon the higher of Xxxxx’x and Standard & Poor’s (for example, if Xxxxx’x rating is Aa3 and Standard & Poor’s rating is AA, Standard & Poor’s rating would apply); and (iii) if a difference exists in the ratings of Xxxxx’x & Standard & Poor’s and the difference is two or more levels then the rating will be based upon the lower of Xxxxx’x and Standard & Poor’s (for example, if Xxxxx’x rating is A2 and Standard & Poor’s rating is AA-, Xxxxx’x rating would apply). Notwithstanding anything to the contrary contained herein, at no time shall more than ten percent (10%) of the underlying investment property or other assets comprising the Eligible Collateral have an unenhanced Xxxxx’x or Standard & Poor’s rating less than A3 or A-.

Eligible Collateral Requirements. The Borrower shall cause the Eligible Collateral to consist of (i) at least fifty percent (50%) of investment property or other assets having an applicable rating at all times equal to or greater than Aa2 or AA, and (iiiii) the balance of investment property or other assets having an applicable rating at all times equal to or greater than A2 or A. For purposes of this Section 7.1.125.12, the rating of any specific investment property or other assets will be determined as follows: (i) such rating shall be based upon the higher of (a) the rating of such underlying investment property or other asset provided by Xxxxx’x and Standard & PoorS&P’s or (b) the credit enhanced rating of such investment property or other asset provided by Xxxxx’x and Standard & PoorS&P’s; (ii) if a difference exists in the ratings of Xxxxx’x and Standard & PoorS&P’s and the difference is only one level, such rating shall be based upon the higher of Xxxxx’x and Standard & PoorS&P’s (for example, if Xxxxx’x rating is Aa3 and Standard & PoorS&P’s rating is AA, Standard & PoorS&P’s rating would apply); and (iii) if a difference exists in the ratings of Xxxxx’x & Standard & PoorS&P’s and the difference is two or more levels then the rating will be based upon the lower of Xxxxx’x and Standard & PoorS&P’s (for example, if Xxxxx’x rating is A2 and Standard & PoorS&P’s rating is AA-, Xxxxx’x rating would apply). Notwithstanding anything to the contrary contained herein, at no time shall more than ten percent (10%) of the underlying investment property or other assets comprising the Eligible Collateral have an unenhanced Xxxxx’x or Standard & PoorS&P’s rating less than A3 or A-.

Eligible Collateral Requirements. The Borrower shall cause the Eligible Collateral to consist of (i) at least fifty percent (50%) of investment property or other assets having an applicable rating at all times equal to or greater than Aaa or AAA, (ii) not more than fifteen percent (15%) of investment property or other assets having an applicable rating at any time less than Aa2 or AAAA but greater than or equal to A2 or A, and (iii) the balance of investment property or other assets having an applicable rating at all times equal to or greater than A2 Aa2 or A. AA. For purposes of this Section 7.1.12, the rating of any specific investment property or other assets will be determined as follows: (i) such rating shall be based upon the higher of (a) the rating of such underlying investment property or other asset provided by Xxxxx’x and Standard & Poor’s or (b) the credit enhanced rating of such investment property or other asset provided by Xxxxx’x and Standard & Poor’s; (ii) if a difference exists in the ratings of Xxxxx’x and Standard & Poor’s and the difference is only one level, such rating shall be based upon the higher of Xxxxx’x and Standard & Poor’s (for example, example if Xxxxx’x rating is Aa3 and Standard & Poor’s rating is AA, Standard & Poor’s rating would apply); and (iii) if a difference exists in the ratings of Xxxxx’x & Standard & Poor’s and the difference is two or more levels then the rating will be based upon the lower of Xxxxx’x and Standard & Poor’s (for example, example if Xxxxx’x rating is A2 and Standard & Poor’s rating is AA-, Xxxxx’x rating would apply). Notwithstanding anything to the contrary contained herein, at no time shall more than ten percent (10%) of the underlying investment property or other assets comprising the Eligible Collateral have an unenhanced Xxxxx’x or Standard & Poor’s rating less than A3 or A-.

Eligible Collateral Requirements. The Borrower shall cause the Eligible Collateral to consist of (i) at least fifty percent (50%) of investment property or other assets having an applicable rating at all times equal to or greater than Aa2 Baa2 or AA, and (iii) the balance of investment property or other assets having an applicable rating at all times equal to or greater than A2 or A. BBB. For purposes of this Section 7.1.127.1.11, the rating of any specific investment property or other assets will be determined as follows: (i) such rating shall be based upon the higher of (a) the rating of such underlying investment property or other asset provided by Xxxxx’x Xxxxx'x and Standard & Poor’s 's or (b) the credit enhanced rating of such investment property or other asset provided by Xxxxx’x Xxxxx'x and Standard & Poor’s's; (ii) if a difference exists in the ratings of Xxxxx’x Xxxxx'x and Standard & Poor’s 's and the difference is only one level, such rating shall be based upon the higher of Xxxxx’x Xxxxx'x and Standard & Poor’s 's (for example, if Xxxxx’x Xxxxx'x rating is Aa3 and Standard & Poor’s 's rating is AA, Standard & Poor’s 's rating would apply); and (iii) if a difference exists in the ratings of Xxxxx’x Xxxxx'x & Standard & Poor’s 's and the difference is two or more levels then the rating will be based upon the lower of Xxxxx’x Xxxxx'x and Standard & Poor’s 's (for example, if Xxxxx’x Xxxxx'x rating is A2 and Standard & Poor’s 's rating is AA-, Xxxxx’x Xxxxx'x rating would apply). Notwithstanding anything to the contrary contained herein, at no time shall more than ten percent (10%) of the underlying investment property or other assets comprising the Eligible Collateral have an unenhanced Xxxxx’x Xxxxx'x or Standard & Poor’s 's rating of less than A3 Baa2 or A-BBB.

Eligible Collateral Requirements. The Borrower shall cause the Eligible Collateral to consist of (i) at least fifty percent (50%) of investment property or other assets having an applicable rating at all times equal to or greater than Aa2 or AA, and (iiiii) the balance of investment property or other assets having an applicable rating at all times equal to or greater than A2 or A. For purposes of this Section 7.1.127.1.11, the rating of any specific investment property or other assets will be determined as follows: (i) such rating shall be based upon the higher of (a) the rating of such underlying investment property or other asset provided by Xxxxx’x Xxxxx'x and Standard & Poor’s 's or (b) the credit enhanced rating of such investment property or other asset provided by Xxxxx’x Xxxxx'x and Standard & Poor’s's; (ii) if a difference exists in the ratings of Xxxxx’x Xxxxx'x and Standard & Poor’s 's and the difference is only one level, such rating shall be based upon the higher of Xxxxx’x Xxxxx'x and Standard & Poor’s 's (for example, if Xxxxx’x Xxxxx'x rating is Aa3 and Standard & Poor’s 's rating is AA, Standard & Poor’s 's rating would apply); and (iii) if a difference exists in the ratings of Xxxxx’x Xxxxx'x & Standard & Poor’s 's and the difference is two or more levels then the rating will be based upon the lower of Xxxxx’x Xxxxx'x and Standard & Poor’s 's (for example, if Xxxxx’x Xxxxx'x rating is A2 and Standard & Poor’s 's rating is AA-, Xxxxx’x Xxxxx'x rating would apply). Notwithstanding anything to the contrary contained herein, at no time shall more than ten percent (10%) of the underlying investment property or other assets comprising the Eligible Collateral have an unenhanced Xxxxx’x Xxxxx'x or Standard & Poor’s 's rating of less than A3 or A-.

Eligible Collateral Requirements. The Borrower shall cause the Eligible Collateral to consist of (i) at least fifty percent (50%) of investment property or other assets having an applicable rating at all times equal to or greater than Aa2 BBB- or AA, and (iii) the balance of investment property or other assets having an applicable rating at all times equal to or greater than A2 or A. Baa3. For purposes of this Section 7.1.128.12, the rating of any specific investment property or other assets will be determined as follows: (i) such rating shall be based upon the higher of (a) the rating of such underlying investment property or other asset 264461831 provided by Xxxxx’x Xxxxx'x and Standard & Poor’s 's or (b) the credit enhanced rating of such investment property or other asset provided by Xxxxx’x Xxxxx'x and Standard & Poor’s's; (ii) if a difference exists in the ratings of Xxxxx’x Xxxxx'x and Standard & Poor’s 's and the difference is only one level, such rating shall be based upon the higher of Xxxxx’x Xxxxx'x and Standard & Poor’s 's (for example, if Xxxxx’x Xxxxx'x rating is Aa3 and Standard & Poor’s 's rating is AA, Standard & Poor’s 's rating would apply); and (iii) if a difference exists in the ratings of Xxxxx’x Xxxxx'x & Standard & Poor’s 's and the difference is two or more levels then the rating will be based upon the lower of Xxxxx’x Xxxxx'x and Standard & Poor’s 's (for example, if Xxxxx’x Xxxxx'x rating is A2 and Standard & Poor’s 's rating is AA-, Xxxxx’x Xxxxx'x rating would apply). Notwithstanding anything to the contrary contained herein, at no time shall more than ten percent (10%) of the underlying investment property or other assets comprising the Eligible Collateral have an unenhanced Xxxxx’x Xxxxx'x or Standard & Poor’s 's rating less than A3 BBB- or A-Baa3.

Eligible Collateral Requirements. The Borrower shall cause the Eligible Collateral to consist of (i) at least fifty percent (50%) of investment property or other assets having an applicable rating at all times equal to or greater than Aa2 BBB- or AA, and (iii) the balance of investment property or other assets having an applicable rating at all times equal to or greater than A2 or A. Baa3. For purposes of this Section 7.1.125.11, the rating of any specific investment property or other assets will be determined as follows: (i) such rating shall be based upon the higher of (a) the rating of such underlying investment property or other asset provided by Xxxxx’x and Standard & PoorS&P’s or (b) the credit enhanced rating of such investment property or other asset provided by Xxxxx’x and Standard & PoorS&P’s; (ii) if a difference exists in the ratings of Xxxxx’x and Standard & PoorS&P’s and the difference is only one level, such rating shall be based upon the higher of Xxxxx’x and Standard & PoorS&P’s (for example, if Xxxxx’x rating is Aa3 and Standard & PoorS&P’s rating is AA, Standard & PoorS&P’s rating would apply); and (iii) if a difference exists in the ratings of Xxxxx’x & Standard & PoorS&P’s and the difference is two or more levels then the rating will be based upon the lower of Xxxxx’x and Standard & PoorS&P’s (for example, if Xxxxx’x rating is A2 and Standard & PoorS&P’s rating is AA-, Xxxxx’x rating would apply). Notwithstanding anything to the contrary contained herein, at no time shall more than ten percent (10%) of the underlying investment property or other assets comprising the Eligible Collateral have an unenhanced Xxxxx’x or Standard & PoorS&P’s rating less than A3 BBB-or A-Baa3-.