Qualified Institution. If, at any time, the institution holding any account established pursuant to this Section 5.3 ceases to be a Qualified Institution, the Trustee shall, within ten (10) Business Days, establish a new account or accounts, as the case may be, meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new account or accounts, as the case may be.
Qualified Institution. Defined in Section 6.7(a).
Qualified Institution. If, at any time, the institution holding any account established pursuant to this Section 5.3 ceases to be a Qualified Institution, the Issuer shall notify the Rating Agencies and within ten (10) Business Days establish a new account or accounts, as the case may be, meeting the conditions specified above with a Qualified Institution, and shall transfer any cash or any investments to such new account or accounts, as the case may be.
Qualified Institution. A U.S. financial institution or the U.S. branch office of a foreign financial institution with (i) a Credit Rating of at least (a) “A-” by S&P, “A-” by Fitch and “A3” by Moody’s, if such entity is rated by S&P, Fitch and Moody’s or (b) “A-” by S&P or “A-” by Fitch or “A3” by Moody's, if such entity is rated by either S&P, Fitch or Moody’s but not all three, and (ii) having assets of at least USD ten billion ($10,000,000,000).
Qualified Institution. A depository institution or trust company 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), (i) that has either a long-term unsecured debt rating of “A1” or better by Xxxxx’x or a short-term unsecured debt rating or certificate of deposit rating of “P-1” or better by Xxxxx’x, (ii) that has a short-term unsecured debt rating or certificate of deposit rating of “A-1” or better by S&P or, if such entity does not have a short-term unsecured debt rating or certificate of deposit rating from S&P, has a long-term unsecured debt rating of “A+” or better by S&P and (iii) whose deposits are insured by the Federal Deposit Insurance Corporation.
Qualified Institution. If the Trustee ceases to be a "Qualified Institution", then the Trustee shall (i) provide each Enhancement Provider and the Servicer with prompt written notice that it is no longer a "Qualified Institution" and (ii) transfer the funds deposited in each of the accounts in the manner directed in writing by the Cumulative Required Investor Certificateholders within 10 Business Days of the day on which the Trustee ceased to be a "Qualified Institution".
Qualified Institution. If the Collection Account is not maintained in accordance with the previous sentence, then within 10 Business Days after obtaining knowledge of such fact, the Trustee shall establish a new Collection Account which complies with such sentence and transfer into the new Collection Account all cash and investments from the non-qualifying Collection Account. Initially, the Collection Account will be established with Xxxxxx Trust and Savings Bank. The Trustee shall cause Xxxxxx Trust and Savings Bank to execute an agreement pursuant to which it agrees to comply with orders issued by the Trustee directing the transfer or redemption of any security or other financial asset credited to the Collection Account without consent of AFC-II.
Qualified Institution. In the event that the Issuer Account Bank ceases to be a Qualified Institution, the Issuer Account Bank shall immediately give notice of that fact to the Note Trustee and the Issuer. As soon as practicable thereafter and in any event within 30 days of such notice, the Issuer Account Bank shall transfer the closing credit balance of each Series Issuer Distribution Account, together with all interest accrued on such balance up to but not including the date of transfer, to an appropriate successor account with a Qualified Institution, approved by the Note Trustee.
Qualified Institution. For purposes of this Agreement a “Qualified Institution” means a commercial bank or trust company incorporated under the laws of the United States or any state thereof, with an office or branch in New York, New York, with an aggregate capital surplus in excess of Twenty Five Billion Dollars ($25,000,000,000), and with senior unsecured debt rated at least “A” by S&P Global Ratings or its successor, and “A2” by Xxxxx’x Investors Service, Inc., or such other financial institution that is reasonably acceptable to Company. 61
Qualified Institution. Either (a) the corporate trust department of the Indenture Trustee, or (b) 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), (i)(A) which has either (1) a long-term unsecured debt rating of BBB or better by S&P and Baa2 or better by Xxxxx'x or (2) a short-term unsecured debt rating or certificate of deposit rating of A-2 or better by S&P or P-2 or better by Xxxxx'x or (B) the parent corporation of which has either (1) a long-term unsecured debt rating of BBB or better by S&P and Baa2 or better by Xxxxx'x or (2) a short-term unsecured debt rating or certificate deposit rating of A-2 or better by S&P and P-2 or better by Xxxxx'x and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation.
