Common use of Eligible Institution Clause in Contracts

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 15 contracts

Samples: Seller’s Purchase, Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Seller’s Purchase, Warranties and Servicing Agreement (Prime Mortgage Trust 2007-1), Seller’s Purchase, Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)

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Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the Rating Agency; Agencies or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings approval of the Rating Agencies.

Appears in 14 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Pooling and Servicing Agreement (TBW Mortgage-Backed Trust Series 2007-2), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the each Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the each Rating AgenciesAgency.

Appears in 11 contracts

Samples: Purchase, Warranties and Servicing Agreement (Prime Mortgage Trust 2007-1), Purchase, Warranties and Servicing Agreement (RBSGC Mortgage Loan Trust 2007-B), Purchase, Warranties and Servicing Agreement (SACO I Trust 2006-5)

Eligible Institution. An institution having (i) the highest short-short term debt rating, and one of the two highest long-long term debt ratings of the Rating Agency; Agencies or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings approval of the Rating Agencies.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass THR Certs Series 2002-Ar33), Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Ser 2003-Ar12), Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Ser 2003-Ar9)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the Rating AgencyAgencies; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 2 contracts

Samples: Master Seller’s Purchase, Warranties and Interim Servicing Agreement (MASTR Alternative Loan Trust 2006-3), Master Seller’s Purchase, Warranties and Interim Servicing Agreement (MASTR Asset Securitization Trust 2006-2)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.. Eligible Investments: Any one or more of the following obligations or securities:

Appears in 2 contracts

Samples: Seller’s Purchase, Warranties and Interim Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), Seller’s Purchase, Warranties and Interim Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the each Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies; or (iii) acceptable as a depository to FNMA or FHLMC under their respective Guides.

Appears in 2 contracts

Samples: Mortgage Loan Purchase, Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-1f), Mortgage Loan Purchase, Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-2f)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest unsecured long-term debt ratings of the Rating AgencyAgencies; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 1 contract

Samples: Seller’s Purchase, Warranties and Servicing Agreement (MASTR Asset Securitization Trust 2006-3)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 1 contract

Samples: Seller’s Purchase, Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-6)

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Eligible Institution. An institution having (i) the highest short-short- term debt rating, and one of the two highest long-term debt ratings of the Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-long- term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 1 contract

Samples: Seller's Purchase, Warranties and Interim Servicing Agreement (E Loan Inc)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the Rating Agency; , or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2005-1)

Eligible Institution. An Branch Banking and Trust Company, or an institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the each Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the each Rating AgenciesAgency.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac5)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of the each Rating Agency; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (J.P. Morgan Mortgage Trust 2006-A1)

Eligible Institution. An institution having (i) the highest short-term debt rating, and one of the two highest long-term debt ratings of each of the Rating AgencyAgencies; or (ii) with respect to any Custodial Account, an unsecured long-term debt rating of at least one of the two highest unsecured long-term debt ratings of the Rating Agencies.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (Hsi Asset Securitization Corp)

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