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 organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as the long-term unsecured debt of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories 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 organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, account so long as any of the long-term unsecured debt securities of such depository institution shall have has a credit rating from each Rating Agency then rating such securities in one of its generic rating categories which signifies investment grade.. Eligible Institution: Either

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 organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, account so long as any of the long-term unsecured debt securities of such depository institution shall have has a credit rating from each Rating Agency then rating such securities in one of its generic rating categories which signifies investment grade.

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 organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, account so long as any of the long-term unsecured debt securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories which signifies investment gradegrade for long-term unsecured debt.