Common use of Corporate Trustee Required Clause in Contracts

Corporate Trustee Required. There shall at all times be a Trustee hereunder with respect to the Securities. The Trustee must satisfy the requirements of TIA §310(a). The Trustee shall be a corporation organized and doing business under the laws of the United States or of any state thereof, authorized to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal or state authority and having an office within the United States, and rated at least A-1 by Standard & Poor’s Corporation and P-1 by Xxxxx’x Investors Services. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of such supervising or examining authority, then, for the purposes of this Section 6.1, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.1, it shall resign immediately in the manner and with the effect hereinafter specified in this Article VI.

Corporate Trustee Required. There shall at all times be a Trustee hereunder with respect to the Securities. The Trustee must satisfy the requirements of TIA §310(a). The Trustee shall be a corporation or national association organized and doing business under the laws of the United States or of any state thereofor territory thereof or the District of Columbia, authorized to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal Federal, state, territorial or state District of Columbia authority and having an office within the United States, and rated at least A-1 by Standard & Poor’s Corporation and P-1 by Xxxxx’x Investors Services. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of such supervising or examining authority, then, for the purposes of this Section 6.1, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.1, it shall resign immediately in the manner and with the effect hereinafter specified in this Article VI.

Corporate Trustee Required. There shall at all times be a Trustee hereunder with respect to the Securities. The JPMorgan Chase Bank, National Association is hereby appointed Trustee must satisfy the requirements of TIA §310(a)under this Indenture, and JPMorgan Chase Bank, National Association hereby accepts such appointment. The Trustee shall be a corporation or national banking association organized and doing business under the laws of the United States or of any state thereof, authorized to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal federal or state authority and having an office within the United States, and rated at least A-1 by Standard & Poor’s Corporation and P-1 by Xxxxx’x Investors Services. If such corporation entity publishes reports of condition at least annually, pursuant to law or to the requirements of such supervising or examining authority, then, for the purposes of this Section 6.1, the combined capital and surplus of such corporation entity shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 6.1, it shall resign immediately in the manner and with the effect hereinafter specified in this Article VI.