Qualified Depository. (a) The Custodian or (b) a depository, the accounts of which are insured by the FDIC through the BIF or the SAIF and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by Standard & Poor's Ratings Services, a division of The XxXxxx-Xxxx Companies Inc., Xxxxx'x Investors Service, Inc., Fitch IBCA Duff & Xxxxxx.
Appears in 5 contracts
Samples: Servicing Agreement (SACO I Trust 2006-8), Servicing Agreement (SACO I Trust 2006-6), Servicing Agreement (SACO I Trust 2006-7)
Qualified Depository. (a) The Custodian or (b) a depository, the accounts of which are insured by the FDIC through the BIF or the SAIF and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by Standard & Poor's Ratings Services, a division of The XxXxxxMxXxxx-Xxxx Companies Inc., Xxxxx'x Mxxxx'x Investors Service, Inc., Fitch IBCA Duff & XxxxxxPxxxxx.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2)
Qualified Depository. (a) The Custodian or (bi) a depository, the accounts of which are insured by the FDIC through the BIF or the SAIF and the short long-term unsecured debt ratings and the long term deposit ratings obligations of which are rated in one of the two highest rating categories by Xxxxx'x Investors Service, Inc. or Standard & Poor's Ratings ServicesGroup (or a comparable rating agency) in one of its three highest rating categories; (ii) the corporate trust department of a national bank; (iii) a depository which fully insures the Collection Account and the Escrow Account with insurance provided by the FDIC; or (iv) Wachovia Bank, a division of The XxXxxx-Xxxx Companies Inc., Xxxxx'x Investors Service, Inc., Fitch IBCA Duff & XxxxxxNational Association.
Appears in 1 contract
Samples: Master Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-7)
Qualified Depository. (a) The Custodian or (b) a depository, the accounts of which are insured by the FDIC through the BIF or the SAIF and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by Standard & Poor's Ratings Services, a division of The XxXxxxMcGraw-Xxxx Hill Companies Inc., Xxxxx'x Moody's Investors Service, Inc., Fitch IBCA Duff XXXX Xxxx & XxxxxxPhelps.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2007-Sd2)
