Common use of of the Pooling and Servicing Agreement Clause in Contracts

of the Pooling and Servicing Agreement. If not so specified, the Custodian shall be a commercial bank or trust company which is unaffiliated with Party B organized under the laws of the United States or any state thereof, having assets of at least $10 billion and a long term debt or a deposit rating of at least Baa2 from Moody's and A from S&P. For so long as the Certificates are rated by S&P, any Custodian other than the Supplemental Interest Trust Trustee shall have a short-term debt or deposit rating of at least A-1, or, if it has no short term-term rating, a long-term debt or deposit rating of at least A from S&P. Initially, the Custodian for Party B is: The Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement or any successor trustee thereto.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2007-He3)

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of the Pooling and Servicing Agreement. If not so specified, the Custodian shall be a commercial bank or trust company which is unaffiliated with Party B organized under the laws of the United States or any state thereof, having assets of at least $10 billion and a long term debt or a deposit rating of at least Baa2 from Moody's and A from S&P. For so long as the Certificates are rated by S&P, any Custodian other than the Securities Administrator or Supplemental Interest Trust Trustee shall have a short-term debt or deposit rating of at least A-1, or, if it has no short termshort-term rating, a long-term debt or deposit rating of at least A from S&P. Initially, the Custodian for Party B is: The the Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement or any successor trustee theretoTrustee.

Appears in 1 contract

Samples: Isda Schedule (Banc of America Funding 2007-1 Trust)

of the Pooling and Servicing Agreement. If not so specified, the Custodian shall be a commercial bank or trust company which is unaffiliated with Party B organized under the laws of the United States or any state thereof, having assets of at least $10 billion and a long term debt or a deposit rating of at least Baa2 from Moody's and A BBB from S&P. For so long as the Certificates are rated by S&P, any Custodian other than the Supplemental Interest Trust Trustee shall have a short-term debt or deposit rating of at least A-1+, or, if it has no short termshort-term rating, a long-term debt or deposit rating of at least A A+, from S&P. Initially, the Custodian for Party B is: The Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement or any successor trustee thereto.Xxxxx Fargo Bank, N.A..

Appears in 1 contract

Samples: Credit Support Annex (RAMP Series 2007-Rs1 Trust)

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of the Pooling and Servicing Agreement. If not so specified, the Custodian shall be a commercial bank or trust company which is unaffiliated with Party B organized under the laws of the United States or any state thereof, having assets of at least $10 billion and a long term debt or a deposit rating of at least Baa2 from Moody's and A from S&P. For so long as the Certificates are rated by S&P, any Custodian other than the Supplemental Interest Trust Trustee shall have a short-term debt or deposit rating of at least A-1, or, if it has no short termshort-term rating, a long-term debt or deposit rating of at least A A, from S&P. Initially, the Custodian for Party B is: The Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement or any successor trustee thereto.Wells Fargo Bank, N.A..

Appears in 1 contract

Samples: Isda Master Agreement (Banc of America Funding 2007-B Trust)

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