Acceptable Ratings Sample Clauses

Acceptable Ratings. The following minimum rating rules apply to issuers of Eligible Investments other than direct obligations of the US government: Short Term P-1 A-1 F1 Long Term A2 A A And such issuers must have a rating assigned by two of the following rating agencies: M▇▇▇▇’▇ Investors Service, Standard & Poor’s, and/or Fitch Ratings. In the event of a “split rating”, the lower rating must comply with the minimum rating rules. This Agreement (the “Agreement”), among (the “Deposit Taker”), L▇▇ RESEARCH CORPORATION (“LRC”) and BNP PARIBAS LEASING CORPORATION (“BNPPLC”) pursuant to the Pledge Agreement (Livermore/Parcel 6) dated as of December 18, 2007, as amended from time to time (the “Pledge Agreement”), is dated as of , 20___, and shall serve as instructions regarding the following deposit account established by LRC at the Deposit Taker (the “Deposit Account”): Time Deposit The Deposit Account is styled “L▇▇ RESEARCH CORPORATION, pledged to BNP Paribas Leasing Corporation” or some abbreviation thereof made by Deposit Taker for operational purposes.