Common use of Qualified Depository Clause in Contracts

Qualified Depository. (a) The Custodian or (b) a depository, the accounts of which are insured by the FDIC through the BIF or the SAIF and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by Standard & Poor's Ratings Services, a division of The XxXxxx-Xxxx Companies Inc., Xxxxx'x Investors Service, Inc., Fitch IBCA Duff & Xxxxxx.

Appears in 5 contracts

Samples: Servicing Agreement (SACO I Trust 2007-1), Servicing Agreement (SACO I Trust 2006-7), Servicing Agreement (SACO I Trust 2006-6)

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Qualified Depository. (a) The Custodian or (b) a depository, the accounts of which are insured by the FDIC through the BIF or the SAIF and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by Standard & Poor's Ratings Services, a division of The XxXxxxMxXxxx-Xxxx Companies Inc., Xxxxx'x Mxxxx'x Investors Service, Inc., Fitch IBCA Duff & XxxxxxPxxxxx.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2)

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Qualified Depository. (a) The Custodian or (b) a depository, the accounts of which are insured by the FDIC through the BIF or the SAIF and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by Standard & Poor's Ratings Services, a division of The XxXxxxMcGraw-Xxxx Hill Companies Inc., Xxxxx'x Moody's Investors Service, Inc., Fitch IBCA Duff XXXX Xxxx & XxxxxxPhelps.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2007-Sd2)

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