Eligible Interest Rate Hedge Provider means, with respect to an Interest Rate Hedge, (a) Deutsche Bank AG, Citibank, N.A. and any other Lender or Affiliate thereof, or (b) a financial institution that has applicable ratings equal to at least the Required Ratings.
Eligible Interest Rate Hedge Provider means a counterparty to a Series 2005-4 Interest Rate Hedge who is a bank or other financial institution, that (A) has, or has all of its obligations under its Series 2005-4 Interest Rate Hedge guaranteed by a person that has, a short-term senior and unsecured debt rating of at least “A-1” from Standard & Poor’s and a long-term senior unsecured debt rating of at least “A+” from Standard & Poor’s, (B) has, or has all of its obligations under its Series 2005-4 Interest Rate Hedge guaranteed by a person that has, a short-term senior unsecured debt rating of “P-1” from Moody’s and a long-term senior unsecured debt rating of at least “A1” from Moody’s and (C) unless otherwise agreed to by Fitch, has, or has all of its obligations under its Series 2005-4 Interest Rate Hedge guaranteed by a person that has, a short-term senior and unsecured debt rating of at least “F1” from Fitch and a long-term senior unsecured debt rating of at least “A” from Fitch; provided that, for so long as any Class A Notes are Outstanding, each Eligible Interest Rate Hedge Provider shall be approved by the Insurer, such approval not to be unreasonably withheld or delayed.
Eligible Interest Rate Hedge Provider means a counterparty to a Series 2005-1 Interest Rate Hedge who is a bank or other financial institution, that (A) has, or has all of its obligations under its Series 2005-1 Interest Rate Hedge guaranteed by a person that has, a short-term senior and unsecured debt rating of at least “A-1” from Standard & Poor’s and a long-term senior unsecured debt rating of at least “A+” from Standard & Poor’s, (B) has, or has all of its obligations under its Series 2005-1 Interest Rate Hedge guaranteed by a person that has, a short-term senior unsecured debt rating of “P-1” from Xxxxx’x and a long-term senior unsecured debt rating of at least “A1” from Xxxxx’x and (C) unless otherwise agreed to by Fitch, has, or has all of its obligations under its Series 2005-1 Interest Rate Hedge guaranteed by a person that has, a short-term senior and unsecured debt rating of at least “F1” from Fitch and a long-term senior unsecured debt rating of at least “A” from Fitch; provided that, for so long as any Class A Notes are Outstanding, each Eligible Interest Rate Hedge Provider shall be approved by the Insurer, such approval not to be unreasonably withheld or delayed.
Examples of Eligible Interest Rate Hedge Provider in a sentence
Within fifteen (15) days after the end of the Hedging Requirement Grace Period, the Issuer shall enter into, and maintain for so long as any Series 2011-1 Notes or other obligations under the Series 2011-1 Related Documents remain unpaid, one or more Interest Rate Hedge Agreements with Persons that were classified on the execution date of such Interest Rate Hedge Agreement as an Eligible Interest Rate Hedge Provider.
More Definitions of Eligible Interest Rate Hedge Provider
Eligible Interest Rate Hedge Provider means, with respect to an Interest Rate Hedge, (a) Deutsche Bank AG, New York Branch, or an Affiliate thereof or (b) a financial institution that has applicable ratings equal to at least the Required Ratings.
Eligible Interest Rate Hedge Provider means a counterparty to a Series 2004-1 Interest Rate Hedge who is a bank or other financial institution, which has (i) either (a) a short-term senior and unsecured debt rating of at least “A-1” from Standard & Poor’s or (b) a long-term senior and unsecured debt rating of at least “A+” from Standard & Poor’s and (ii) a short-term senior and unsecured debt rating of “P-1” from Xxxxx’x and (a) on the date the Series 2004-1 Interest Rate Hedge is executed, a long-term senior and unsecured debt rating of at least “Aa3” from Xxxxx’x and (b) on any other date, a long-term senior and unsecured debt rating of at least “A1” from Xxxxx’x.
Eligible Interest Rate Hedge Provider. One of the following:
Eligible Interest Rate Hedge Provider means, at the time of execution and delivery of the related Interest Rate Hedge Agreement, one of the following:
Eligible Interest Rate Hedge Provider. At the time of execution and delivery of the related Interest Rate Hedge Agreement, any bank or other financial institution (or any party providing credit support on such Person’s behalf) that (A) has (x) a long-term senior unsecured debt rating of at least “A-” from Standard & Poor’s or “ A3” from Moody’s and (y) a short-term unsecured debt rating of “A-2” from Standard & Poor’s or “P-2” from Moody’s, or (B) is otherwise approved by each Control Party for each Series of Notes. 119711828\V-7
Eligible Interest Rate Hedge Provider means, at the time of execution and delivery of the related Interest Rate Hedge Agreement for Series 2013-1, any bank or other financial institution (or any party providing credit support on such Person’s behalf) that (A) has (x) a long-term senior unsecured debt rating of at least “A-” from Standard & Poor’s or “ A3” from Moody’s and (y) a short-term unsecured debt rating of at least “A-1” from Standard & Poor’s or “P-1” from Moody’s, or (B) is otherwise approved by the Control Party.
Eligible Interest Rate Hedge Provider means, at the time of execution and delivery of the related Series 2013-1 Interest Rate Hedge Agreement, any bank or other financial institution (or any party providing credit support on such Person’s behalf) that (A) has (x) a long-term senior unsecured debt rating of at least “A-” from Standard & Poor’s or “ A3” from Moody’s and (y) a short-term unsecured debt rating of at least “A-1” from Standard & Poor’s or “P-1” from Moody’s, or (B) is otherwise approved by the Control Party.