Eligible Deposit Account. Either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account so long as any of the securities of such depository institution has a credit rating from each Rating Agency then rating such securities in one of its generic rating categories which signifies investment grade. Eligible Institution: Either
Appears in 2 contracts
Samples: Trust Sale and Servicing Agreement (Wholesale Auto Receivables Corp), Pooling and Servicing Agreement (Wholesale Auto Receivables Corp)
Eligible Deposit Account. Either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account so long as any of the securities of such depository institution has a credit rating from each Rating Agency then rating such securities in one of its generic rating categories which signifies investment grade. Eligible Institution: Either.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Superior Wholesale Inventory Financing Trust 2007-Ae-1)
Eligible Deposit Account. Either (ai) a segregated account with an Eligible Institution or (bii) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account so long as any of the securities of such depository institution has have a credit rating from each Rating Agency then rating such securities in one of its generic rating categories which signifies investment grade. Eligible Institution: Eithergrade for long-term unsecured debt.
Appears in 1 contract
Samples: Pooling Agreement (Navistar Financial 2005-a Owner Trust)
