Common use of Eligible Deposit Account Clause in Contracts

Eligible Deposit Account. Either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution with corporate trust powers organized under the laws of the United States or any state thereof, or the District of Columbia, and whose deposits are insured by the Federal Deposit Insurance Corporation, provided that such institution also has a combined capital and surplus of at least $100,000,000 and a rating of A or better from the Thomson Bank Watch.

Eligible Deposit Account. Either (ai) a segregated account with an Eligible Institution or (bii) a segregated trust account with the corporate trust department of a depository institution with corporate trust powers organized under the laws of the United States of America or any state thereofState (or any domestic branch of a foreign bank), or having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the District securities of Columbia, and whose deposits are insured by the Federal Deposit Insurance Corporation, provided that such depository institution also has have a combined capital and surplus credit rating from each Rating Agency in one of at least $100,000,000 and a its generic rating of A or better from the Thomson Bank Watchcategories which signifies investment grade.

Eligible Deposit Account. Either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution with corporate trust powers organized under the laws of the United States or any state thereof, or the District of Columbia, and whose deposits are insured by the Federal Deposit Insurance Corporation, provided that such institution also has must have a combined capital and surplus of at least $100,000,000 and a rating of A or better from the Thomson Bank Watch.

Eligible Deposit Account. Either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution with corporate trust powers organized under the laws of the United States of America or any state thereof, one of the states thereof or the District of ColumbiaColumbia (or any domestic branch of a foreign bank), having corporate trust powers and whose deposits are insured by acting as trustee for funds deposited in such account, so long as the Federal Deposit Insurance Corporation, provided that long-term unsecured debt of such depository institution also has shall have a combined capital and surplus credit rating from each Rating Agency in one of at least $100,000,000 and a its generic rating of A or better from the Thomson Bank Watchcategories which signifies investment grade.

Eligible Deposit Account. Either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution with corporate trust powers organized under the laws of the United States of America or any state thereof, one of the states thereof or the District of ColumbiaColumbia (or any domestic branch of a foreign bank), and whose deposits are insured by acting as trustee for funds deposited in such account, so long as the Federal Deposit Insurance Corporation, provided that long-term unsecured debt of such depository institution also has shall have a combined capital and surplus of at least $100,000,000 and a credit rating of A BBB or better from the Thomson Bank WatchS&P or such equivalent rating by each Rating Agency which signifies investment grade.