Qualified Institutions Sample Clauses
The 'Qualified Institutions' clause defines which financial entities or organizations are recognized as meeting certain standards or criteria set out in the agreement. Typically, this clause specifies that only banks, investment firms, or other financial institutions with particular regulatory approvals, credit ratings, or capital requirements are considered qualified. By clearly identifying which institutions are acceptable for holding funds, issuing guarantees, or performing other key roles, the clause ensures that only reputable and reliable parties are involved, thereby reducing risk and enhancing trust between the contracting parties.
Qualified Institutions. The Trustee meets the requirements of Rule 3a-7(a)(4)(i) under the 1940 Act.
Qualified Institutions. In the event the Servicer has received notice from the Facility Agent or otherwise has actual knowledge that a depositary holding any of the Transaction Accounts ceases to be a Qualified Institution, then the Servicer shall give notice thereof to the Facility Agent (if applicable), the Securities Custodian and the Rating Agency and within 60 days shall cause such Transaction Account to become established and maintained with a Qualified Institution.
Qualified Institutions. The Trustee is a “bank” as that term is defined in Section 26(a)(l) of the 1940 Act. The Trustee has an aggregate capital surplus and undivided profits of an amount not less than $50,000,000. The Trustee is not providing credit or credit enhancement to the Seller in either its individual capacity or its capacity as Trustee.
Qualified Institutions. The Trustee represents and agrees that neither it complies with the asset requirement in Section 26(a)(1) of the 1940 Act and that the Trustee nor any of its affiliates has made or will make: (x) a Loan Advance of their own account issued under this Agreement or (y) any credit or credit enhancement to the Borrower. For avoidance of doubt, any Loan Advances or Variable Funding Notes held by U.S. Bank National Association in its capacity as custodian, nominee, agent or any such other capacity for the account of another party shall not be prohibited.
Qualified Institutions. 7 "Ratio"............................................................. 7 "Redemption Date"................................................... 7 "Redemption Period"................................................. 7 "Redemption Register"............................................... 7 "Regular Record Date"............................................... 7 "Repurchase Date"................................................... 7 "Required Rating"................................................... 7 "Responsible Officers".............................................. 7 "Significant Subsidiary"............................................ 7 "Significant Subsidiary Disposition"................................ 7 "Special Record Date"............................................... 8 "Stated Maturity"................................................... 8 "Subsidiary"........................................................ 8 "supplemental indenture" or "indenture supplemental hereto"............................................................ 8 "Trustee"........................................................... 8 "Trust Indenture Act" or "TIA"...................................... 8 ARTICLE 2 ISSUE, DESCRIPTION, EXECUTION, REGISTRATION AND EXCHANGE OF NOTES
Qualified Institutions. The Trustee meets the requirements of Rule 3a-7(a)(4)(i) under the Investment Company Act.
Qualified Institutions. The Trustee meets the requirements of Rule 3a-7(a)(4)(i) under the ▇▇▇▇ ▇▇▇.