Common use of Rating Agency Confirmation Clause in Contracts

Rating Agency Confirmation. The Transferor and the Trustee shall -------------------------- have received notice from the Rating Agency that such proposed removal of Accounts will not result in the reduction or withdrawal of its then exiting rating of any Series of Certificates then issued and outstanding.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Peoples Bank), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust), Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

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Rating Agency Confirmation. The Transferor and the Trustee shall have -------------------------- have received notice from the Rating Agency that such proposed removal of Accounts will not result in the reduction or withdrawal of its then exiting rating of any Series of Certificates then issued and outstanding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Bank Credit Card Master Trust)

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