Common use of Rating Agency Confirmation Clause in Contracts

Rating Agency Confirmation. The Seller shall have delivered to the Trustee and (to the extent so provided in the applicable Supplement) each Enhancement Provider, Standard and Poor's, Xxxxx'x and Xxxxx IBCA, Inc., confirmation in writing that the inclusion of the accounts designated hereby as Additional Accounts pursuant to this Assignment will not result in the reduction or withdrawal of such Rating Agency's then existing rating on any Series of Investor Certificates then issued and outstanding.

Appears in 5 contracts

Samples: Peoples Bank Credit Card Master Trust, Peoples Bank Credit Card Master Trust, Peoples Bank Credit Card Master Trust

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Rating Agency Confirmation. The Seller shall have delivered to the Trustee and (to the extent so provided in the applicable Supplement) each Enhancement Provider, Standard and Poor's, Xxxxx'x and Xxxxx IBCAInvestors Service, Inc.L.P., confirmation in writing that the inclusion of the accounts designated hereby as Additional Accounts pursuant to this Assignment will not result in the reduction or withdrawal of such Rating Agency's then existing rating on any Series of Investor Certificates then issued and outstanding.

Appears in 2 contracts

Samples: Peoples Bank Credit Card Master Trust, Peoples Bank Credit Card Master Trust

Rating Agency Confirmation. The Seller shall have delivered to the Trustee and (to the extent so provided in the applicable Supplement) each Enhancement Provider, Standard and Poor's, Xxxxx'x and Xxxxx IBCAInvestors Service, Inc., L.P. confirmation in writing that the inclusion of the accounts designated hereby as Additional Accounts pursuant to this Assignment will not result in the reduction or withdrawal of such Rating Agency's then existing rating on any Series of Investor Certificates then issued and outstanding.

Appears in 2 contracts

Samples: Peoples Bank Credit Card Master Trust, Peoples Bank Credit Card Master Trust

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Rating Agency Confirmation. The Seller shall have delivered to the Trustee and (to the extent so provided in the applicable Supplement) each Enhancement Provider, Standard and Poor's, Xxxxx'x 's and Xxxxx IBCA, Inc., Moody's confirmation in writing that the inclusion of the accounts designated hereby as Additional Accounts pursuant to this Assignment will not result in the reduction or withdrawal of such Rating Agency's then existing rating on any Series of Investor Certificates then issued and outstanding.

Appears in 1 contract

Samples: Peoples Bank Credit Card Master Trust

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