Qualified Certificate Administrator. An institution (i) that is a corporation, national bank, national banking association or a trust company, organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority, (ii) that is insured by the Federal Deposit Insurance Corporation and (iii) whose long term senior unsecured debt is (a) rated at least “Baa1” by Mxxxx’x and (b) rated at least “BBB+” by Fitch (or such other rating with respect to which the Rating Agencies have each provided a Rating Agency Confirmation).
Qualified Certificate Administrator. An institution (i) that is a corporation, national bank, national banking association or a trust company, organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority, (ii) that is insured by the Federal Deposit Insurance Corporation and (iii) whose long term senior unsecured debt is (a) rated at least “Baa1” by Xxxxx’x and (b) rated at least “A” by DBRS Morningstar (or, if not rated by DBRS Morningstar, an equivalent rating by 2 other NRSROs) (or such other rating with respect to which the Rating Agencies have each provided a Rating Agency Confirmation).
Qualified Certificate Administrator. An institution (i) that is a corporation, national bank, national banking association or a trust company, organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority, (ii) that has a rating on its long term senior unsecured debt or a long term issuer rating of least “Baa3” by Xxxxx’x (or such other rating with respect to which Xxxxx’x has provided a Rating Agency Confirmation), (iii) that has a long term unsecured debt rating or issuer rating of at least “BBB(high)” by DBRS Morningstar provided that Computershare Trust Company, National Association will be deemed to have met the eligibility requirement in this clause (iii) so long as it maintains an issuer credit rating of at least “BBB” by any NRSRO or such other rating with respect to which DBRS Morningstar has provided a Rating Agency Confirmation, and (iv) that is not the Third Party Purchaser or a Risk Retention Affiliate of the Third Party Purchaser.
More Definitions of Qualified Certificate Administrator
Qualified Certificate Administrator. An institution (i) that is a corporation, national bank, national banking association or a trust company, organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority, (ii) that is insured by the Federal Deposit Insurance Corporation, and (iii) whose long term senior unsecured debt is rated at least “Baa1” by Xxxxx’x, “BBB+” by Fitch and, if rated by DBRS Morningstar, an equivalent rating from DBRS Morningstar (or such other rating with respect to which the Rating Agencies have each provided a Rating Agency Confirmation).
Qualified Certificate Administrator. An institution (i) that is a corporation, national bank, national banking association or a trust company, organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority, (ii) that is insured by the Federal Deposit Insurance Corporation, (iii) whose long term senior unsecured debt is (a) rated at least “Baa1” by Xxxxx’x and (b) rated at least “A” by DBRS Morningstar (or, if not rated by DBRS Morningstar, an equivalent rating by 2 other NRSROs) (or such other rating with respect to which the Rating Agencies have each provided a Rating Agency Confirmation), and (iv) that is not the Third Party Purchaser or a Risk Retention Affiliate of the Third Party Purchaser.