Common use of Eligible Credit Support Clause in Contracts

Eligible Credit Support. On any date, the following items will qualify as "Eligible Credit Support" for each party: (A) cash in U.S Dollars 100% (B) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than 1 year (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) 98.0% (C) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 1 year but less than 5 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined (D) negotiable debt obligations issued after l8 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 5 years but less than 10 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined (E) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entities rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 1 year but less than 3 years. To Be Determined (F) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Xx 1 and S&P AA+ or above) with a residual maturity on such date equal to or greater than 3 years but less than 5 years. To Be Determined (G) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 5 years but less than 7 years. To Be Determined (H) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 7 years but less than 10 years. To Be Determined For the avoidance of doubt, where negotiable debt obligations are rated by only one of the above relevant rating agencies, the rating applied will be based on the rating of that agency. Notwithstanding the foregoing, the Eligible Collateral referenced above may only be posted if S&P has assigned a rating to such Eligible Collateral. Where the ratings of the relevant agencies differ with respect to the same negotiable debt obligation, the lower of the ratings shall apply. In addition, upon a Ratings Event, Party A shall agree the Valuation Percentage in relation to (C) through (H) above with the relevant rating agency, which shall be S&P, Xxxxx'x and Fitch (to the extent such ratings agency has provided a rating for the underlying Certificates); provided, however, that if Party A is required to post collateral in accordance with the terms of this Agreement it shall post only (A) and (B) above until such time as the Valuation Percentages are agreed.

Eligible Credit Support. On any date, the following items will qualify as "Eligible Credit Support" for each party: (A) cash in U.S Dollars 100% (B) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than 1 year (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) 98.098.6% (C) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 1 year but less than 5 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined (D) negotiable debt obligations issued after l8 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 5 years but less than 10 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined (E) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entities rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 1 year but less than 3 years. To Be Determined (F) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Xx 1 and S&P AA+ or above) with a residual maturity on such date equal to or greater than 3 years but less than 5 years. To Be Determined (G) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 5 years but less than 7 years. To Be Determined (H) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 7 years but less than 10 years. To Be Determined For the avoidance of doubt, where negotiable debt obligations are rated by only one of the above relevant rating agencies, the rating applied will be based on the rating of that agency. Notwithstanding the foregoing, the Eligible Collateral referenced above may only be posted if S&P has assigned a rating to such Eligible Collateral. Where the ratings of the relevant agencies differ with respect to the same negotiable debt obligation, the lower of the ratings shall apply. In addition, upon a Ratings Event, Party A shall agree the Valuation Percentage in relation to (C) through (H) above with the relevant rating agency, which shall be S&P, Xxxxx'x and Fitch (to the extent such ratings agency has provided a rating for the underlying Certificates); provided, however, that if Party A is required to post collateral in accordance with the terms of this Agreement it shall post only (A) and (B) above until such time as the Valuation Percentages are agreed.

Eligible Credit Support. On any date, the following items will qualify as "Eligible Credit Support" for each party: (A) : cash in U.S Dollars 100% (B) % negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than 1 year (with local and foreign currency issuer ratings of Xxxxx'x Moody's Aa2 and S&P AA or above) 98.0% (C) 98.9% negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 1 year but less than 5 years (with local and foreign currency issuer ratings of Xxxxx'x Moody's Aa2 and S&P AA or above) To Be Determined (D) Determined negotiable debt obligations issued after l8 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 5 years but less than 10 years (with local and foreign currency issuer ratings of Xxxxx'x Moody's Aa2 and S&P AA or above) To Be Determined (E) Determined negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entities rated Xxxxx'x Moody's Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 1 year but less than 3 years. To Be Determined (F) Determined negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Xx 1 and S&P AA+ or above) with a residual maturity on such date equal to or greater than 3 years but less than 5 years. To Be Determined Determined negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Lo an Marketing Association or a Federal Home Loan Bank (Gall entries rated Moody's Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 5 years but less than 7 years. To Be Determined negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 5 years but less than 7 years. To Be Determined (H) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Moody's Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 7 years but less than 10 years. To Be Determined For the avoidance of doubt, where negotiable debt obligations are rated by only one of the above relevant rating agencies, the rating applied will be based on the rating of that agency. Notwithstanding the foregoing, the Eligible Collateral referenced above may only be posted if S&P has assigned a rating to such Eligible Collateral. Where the ratings of the relevant agencies differ with respect to the same negotiable debt obligation, the lower of the ratings shall apply. In addition, upon a Ratings Event, Party A shall agree the Valuation Percentage in relation to (C) through (H) above with the relevant rating agency, which shall be S&P, Xxxxx'x and Fitch (to the extent such ratings agency has provided a rating for the underlying Certificates); provided, however, that if Party A is required to post collateral in accordance with the terms of this Agreement it shall post only (A) and (B) above until such time as the Valuation Percentages are agreed.

Eligible Credit Support. On any date, the following items will qualify as "Eligible Credit Support" for each party: (A) cash in U.S Dollars 100% (B) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date of less than 1 year (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) 98.098.6% (C) negotiable debt obligations issued after 18 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 1 year but less than 5 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined (D) negotiable debt obligations issued after l8 July 1984 by the U.S. Treasury Department having a residual maturity on such date equal to or greater than 5 years but less than 10 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined (E) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entities rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 1 year but less than 3 years. To Be Determined (F) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Xx 1 and S&P AA+ or above) with a residual maturity on such date equal to or greater than 3 years but less than 5 years. To Be Determined (G) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 5 years but less than 7 years. To Be Determined (H) negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with a residual maturity on such date equal to or greater than 7 years but less than 10 years. To Be Determined For the avoidance of doubt, where negotiable debt obligations are rated by only one of the above relevant rating agencies, the rating applied will be based on the rating of that agency. Notwithstanding the foregoing, the Eligible Collateral referenced above may only be posted if S&P has assigned a rating to such Eligible Collateral. Where the ratings of the relevant agencies differ with respect to the same negotiable debt obligation, the lower of the ratings shall apply. In addition, upon a Ratings Event, Party A shall agree the Valuation Percentage in relation to (C) through (H) above with the relevant rating agency, which shall be S&P, Xxxxx'x and Fitch (to the extent such ratings agency has provided a rating for the underlying Certificates)or Fitch; provided, however, that if Party A is required to post collateral in accordance with the terms of this Agreement it shall post only (A) and (B) above until such time as the Valuation Percentages are agreed.

Eligible Credit Support. On any date, the The following items will qualify as "Eligible Credit SupportELIGIBLE CREDIT SUPPORT" for each party: Party A: ELIGIBLE CREDIT SUPPORT VALUATION PERCENTAGE (A) cash Cash in U.S Dollars 100% the Eligible Currency [ ]% (B) negotiable Negotiable debt obligations issued after 18 July 1984 by the U.S. [ ]% Treasury Department having a residual maturity on such date of less than 1 year (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) 98.0% (C) negotiable Negotiable debt obligations issued after 18 July 1984 by the U.S. [ ]% Treasury Department having a residual maturity on such date equal to or greater than 1 year but less than 3 years (C) Negotiable debt obligations issued by the U.S. [ ]% Treasury Department having a residual maturity on such date equal to or greater than 3 years but less than 5 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or above) To Be Determined (D) negotiable Negotiable debt obligations issued after l8 July 1984 by the U.S. [ ]% Treasury Department having a residual maturity on such date equal to or greater than 5 years but less than 7 years (E) Negotiable debt obligations issued by the U.S. [ ]% Treasury Department having a residual maturity on such date equal to or greater than 7 year but less than 10 years (with local and foreign currency issuer ratings of Xxxxx'x Aa2 and S&P AA or aboveF) To Be Determined (E) negotiable Negotiable debt obligations of the Government National Mortgage Association, United Kingdom [ ]% having a residual maturity on such date of less than 1 year (G) Negotiable debt obligations of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entities rated Xxxxx'x Aal and S&P AA+ or above) with United Kingdom [ ]% having a residual maturity on such date equal to or greater than 1 year but less than 3 years. To Be Determined years (FH) negotiable Negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Xx 1 and S&P AA+ or above) with United Kingdom [ ]% having a residual maturity on such date equal to or greater than 3 years year but less than 5 years. To Be Determined years (GI) negotiable Negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) with United Kingdom [ ]% having a residual maturity on such date equal to or greater than 5 years year but less than 7 years. To Be Determined years (HJ) negotiable Negotiable debt obligations of the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association or a Federal Home Loan Bank (all entries rated Xxxxx'x Aal and S&P AA+ or above) United Kingdom [ ]% with a residual maturity on such date equal to or greater than 7 years but less than 10 yearsyears (K) Such other credit support as agreed between Party A Such Valuation and the Rating Agencies from time to time. To Be Determined For Percentage as agreed between Party A and the avoidance Rating Agencies from time to time in respect of doubt, where negotiable debt obligations are rated by only one of the above relevant rating agencies, the rating applied will be based on the rating of that agency. Notwithstanding the foregoing, the Eligible Collateral referenced above may only be posted if S&P has assigned a rating to such Eligible Collateral. Where the ratings of the relevant agencies differ with respect to the same negotiable debt obligation, the lower of the ratings shall apply. In addition, upon a Ratings Event, Party A shall agree the Valuation Percentage in relation to (C) through (H) above with the relevant rating agency, which shall be S&P, Xxxxx'x and Fitch (to the extent such ratings agency has provided a rating for the underlying Certificates); provided, however, that if Party A is required to post collateral in accordance with the terms of this Agreement it shall post only (A) and (B) above until such time as the Valuation Percentages are agreed.Credit Support