Eligibility Requirements for Trustees Sample Clauses

Eligibility Requirements for Trustees. The Trustee hereunder shall at all times be (i) an institution insured by the FDIC, (ii) a Corporation organized and doing business under the laws of the United States of America or of any state, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by federal or state authority and (iii) acceptable to the Rating Agencies. If such Corporation publishes reports of condition at least annually, pursuant to law or to the requirements of any aforementioned supervising or examining authority, then for the purposes of this Section 8.06, 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. The Delaware Trustee hereunder shall at all times have its principal place of business in the State of Delaware and shall satisfy the applicable requirements under the laws of the State of Delaware authorizing it to act as the Delaware trustee of the Trust. In case at any time the Trustee or the Delaware Trustee shall cease to be eligible in accordance with the provisions of this Section 8.06, such trustee shall resign immediately in the manner and with the effect specified in Section 8.07.
Eligibility Requirements for Trustees. 125 Section 8.07. Resignation and Removal of Trustees.........................................125 Section 8.08. Successor Trustee...........................................................126 Section 8.09. Merger or Consolidation of Trustee..........................................127 Section 8.10. Appointment of Co-Trustee or Separate Trustee...............................127 Section 8.11. Authenticating Agents.......................................................128 Section 8.12. Paying Agents...............................................................129 Section 8.13. Duties of Delaware Trustee..................................................130 Section 8.14. Amendment to Certificate of Trust...........................................130
Eligibility Requirements for Trustees. 89 Section 8.07. Resignation and Removal of Trustees.............................................89 Section 8.08. Successor Trustee...............................................................90 Section 8.09. Merger or Consolidation of Trustee..............................................90 Section 8.10. Appointment of Co-Trustee or Separate Trustee...................................90 Section 8.11. Authenticating Agents...........................................................91 Section 8.12. Paying Agents...................................................................92 Section 8.13. Duties of Delaware Trustee......................................................93 Section 8.14. Amendment to Certificate of Trust...............................................93 ARTICLE IX Termination..........................................................................94 Section 9.01. Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans..................................................................94
Eligibility Requirements for Trustees. 98 Section 8.07. Resignation and Removal of Trustees..........................98 Section 8.08. Successor Trustee............................................99 Section 8.09. Merger or Consolidation of Trustee...........................99 Section 8.10. Appointment of Co-Trustee or Separate Trustee................99
Eligibility Requirements for Trustees. Section 8.07 Resignation or Removal of Trustees.
Eligibility Requirements for Trustees. 114 Section 8.07. Resignation and Removal of Trustees....................................................115 Section 8.08. Successor Trustee......................................................................115
Eligibility Requirements for Trustees. 125 Section 8.07. Resignation and Removal of Trustees............................................ 125 Section 8.08. Successor Trustee.............................................................. 126 -x- TABLE OF CONTENTS (continued) Page Section 8.09. Merger or Consolidation of Trustee............................................. 126 Section 8.10. Appointment of Co-Trustee or Separate Trustee.................................. 126 Section 8.11. Authenticating Agents.......................................................... 127 Section 8.12. Paying Agents.................................................................. 128 Section 8.13. Duties of Delaware Trustee..................................................... 129 Section 8.14. Amendment to Certificate of Trust.............................................. 129 Section 8.15. Limitation of Liability........................................................ 130
Eligibility Requirements for Trustees. The Owner Trustee shall at all times be a bank or trust company or other entity organized under the laws of the United States or one of the fifty states of the United States or the District of Columbia with its principal place of business in the State of Delaware. The Note Trustee shall at all times be an Eligible Bank. If a Trustee shall cease to be eligible in accordance with this Section, such Trustee shall resign immediately in the manner and with the effect specified in Section 8.02 hereof.
Eligibility Requirements for Trustees. Except as ------------------------------------- otherwise provided in this Agreement, the General Interest Trustee and each Portfolio Trustee under this Agreement shall at all times: (a) be a corporation or banking association organized under the laws of the United States of America, or any one of the fifty states of the United States, the District of Columbia or the Commonwealth of Puerto Rico, which corporation shall not be a Grantor or any Affiliate thereof;
Eligibility Requirements for Trustees. 123 Section 8.07. Resignation and Removal of Trustees................................................123 Section 8.08. Successor Trustee..................................................................124 -x- TABLE OF CONTENTS (continued)