Common use of Eligible Servicer Clause in Contracts

Eligible Servicer. The Trustee hereby agrees that, in ----------------- the event that it appoints an Eligible Servicer as Successor Servicer pursuant to Section 10.02 of the Agreement, such Eligible Servicer shall have a long term debt rating of at least A by Standard & Poor's and A2 by Xxxxx'x; provided, -------- however, that if the Trustee has a long term debt rating of at least A by ------- Standard & Poor's and A2 by Xxxxx'x, such Eligible Servicer need have only a long term debt rating of BBB- by Standard & Poor's and Baa3 by Xxxxx'x.

Eligible Servicer. The Trustee hereby agrees that, in the ----------------- the event that it appoints an Eligible Servicer as Successor Servicer pursuant to Section 10.02 of the Agreement, such Eligible Servicer shall have a long term debt rating of at least A by Standard & Poor's and A2 by Xxxxx'x; provided, -------- however, that if the Trustee has a long term debt rating of at least A by ------- Standard & Poor's and A2 by Xxxxx'x, such Eligible Servicer need have only a long term debt rating of BBB- by Standard & Poor's and Baa3 by Xxxxx'x.