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.
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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.
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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.
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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.
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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
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Qualified Institutions. The Trustee meets the requirements of Rule 3a-7(a)(4)(i) under the Investment Company Act.
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Qualified Institutions. The Trustee meets the requirements of Rule 3a-7(a)(4)(i) under the ▇▇▇▇ ▇▇▇.
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Related to Qualified Institutions

  • Disqualified Institutions (i) No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and assign all or a portion of its rights and obligations under this Agreement to such Person, as the case may be (unless the Company has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For the avoidance of doubt, with respect to any assignee that becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to the definition of “Disqualified Institution”), (x) such assignee shall not retroactively be disqualified from becoming a Lender and (y) the execution by the Company or other applicable Borrower of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified Institution. Any assignment in violation of this clause (f)(i) shall not be void, but the other provisions of this clause (f) shall apply. (ii) Notwithstanding the foregoing, if any assignment or participation is made to any Disqualified Institution without the applicable Borrower’s prior written consent in violation of clause (i) above, or if any Person becomes a Disqualified Institution after the applicable Trade Date, the applicable Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate the Commitment of such Disqualified Institution and repay all obligations of the applicable Borrower owing to such Disqualified Institution in connection with such Commitment and/or (B) require such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this Section), all of its interest, rights and obligations under this Agreement to one or more Eligible Assignees at the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder. (iii) Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right to receive information, reports or other materials provided to Lenders by the Borrowers, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y) for purposes of voting on any plan of reorganization, each Disqualified Institution party hereto hereby agrees (1) not to vote on such plan of reorganization, (2) if such Disqualified Institution does vote on such plan of reorganization notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such plan of reorganization in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).