Common use of Qualified Depository Clause in Contracts

Qualified Depository. Any of the following: (i) a depository, the long-term unsecured debt obligations of which are rated by any Rating Agency (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 that fully insures the Investment Account or the Remittance Account with insurance provided by the FDIC, or (iv) Washington Mutual Bank, FA.

Qualified Depository. Any of the following: (i) a depository, the long-term unsecured debt obligations of which are rated by any Rating Agency Moody's or S&P (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 that fully insures the Investment Account or and the Remittance Escrow Account with insurance provided by the FDIC, or (iv) Washington Mutual Bank, FAthe Servicer.

Qualified Depository. Any of the following: (i) a depository, the long-term unsecured debt obligations of which are rated by any Rating Agency Xxxxx’x or S&P (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 that fully insures the Investment Account or and the Remittance Escrow Account with insurance provided by the FDIC, or (iv) Washington Mutual Bank, FAthe Servicer. REMIC: A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code.

Qualified Depository. Any of the following: (i) a depository, the long-term unsecured debt obligations of which are rated by any Rating Agency Moody’s or S&P (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 that fully insures the Investment Account or and the Remittance Escrow Account with insurance provided by the FDIC, or (iv) Washington Mutual Bank, FAthe Servicer. REMIC: A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.