Common use of Eligible Institution Clause in Contracts

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody's, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 31 contracts

Sources: Lease Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's ▇▇▇▇▇'▇ or (y) a short-term certificate of deposit rating of P-1 by Moody's▇▇▇▇▇'▇, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 6 contracts

Sources: Participation Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody'sM▇▇▇▇'▇, (b) has either (x) a long-term unsecured debt rating of a least AA le▇▇▇ ▇▇ by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 4 contracts

Sources: Trust Indenture and Security Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody's, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1A- 1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 3 contracts

Sources: Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody▇▇▇▇▇'s, (b) has either (x) a long-term unsecured debt rating of a least AA ▇▇▇▇▇ ▇A by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 2 contracts

Sources: Trust Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's ▇▇▇▇▇'▇ or (y) a short-term certificate of deposit rating of P-1 by Moody's▇▇▇▇▇'▇, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1A- 1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 2 contracts

Sources: Participation Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody▇▇ ▇▇▇▇y's, (b) has either (x) a long-term unsecured debt rating of a least ▇ ▇▇▇▇▇ AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 2 contracts

Sources: Trust Indenture and Security Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's M▇▇▇▇'▇ or (y) a short-term certificate of deposit rating of P-1 by Moody'sM▇▇▇▇'▇, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Sources: Lease Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody's, (b) has either (x) a long▇ ▇ong-term unsecured debt rating of a least AA by S&P or (y) a short▇▇▇▇▇-term ▇erm certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Sources: Trust Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a shortshor▇-term ▇▇▇▇ certificate of deposit rating of P-1 by Moody's, (b) has either eith▇▇ (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Sources: Trust Indenture and Security Agreement (Federal Express Corp)

Eligible Institution. A depository institution organized under the laws of the United States or any one of the states thereof, or the District of Columbia, or any domestic branch of a foreign bank, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 ratin▇ ▇▇ ▇-1 by Moody's, (b) has either (x) a long-term unsecured debt rating of r▇▇▇▇▇ ▇f a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Sources: Trust Indenture and Security Agreement (Federal Express Corp)