Common use of Qualified Institution Clause in Contracts

Qualified Institution. A U.S. financial institution or the U.S. branch office of a foreign financial institution with (i) a Credit Rating of at least (a) “A-” by S&P, “A-” by Fitch and “A3” by Moody’s, if such entity is rated by S&P, Fitch and Moody’s or (b) “A-” by S&P or “A-” by Fitch or “A3” by Moody's, if such entity is rated by either S&P, Fitch or Moody’s but not all three, and (ii) having assets of at least USD ten billion ($10,000,000,000).

Qualified Institution. A U.S. financial institution or the U.S. branch office of a foreign financial institution with (i) a Credit Rating of at least (a) “A-” by S&P, “A-” by Fitch and “A3” by Moody’sXxxxx’x, if such entity is rated by S&P, Fitch and Moody’s Xxxxx’x or (b) “A-” by S&P or “A-” by Fitch or “A3” by Moody'sXxxxx'x, if such entity is rated by either S&P, Fitch or Moody’s Xxxxx’x but not all three, and (ii) having assets of at least USD ten billion ($10,000,000,000).