Common use of Qualified Institution Clause in Contracts

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.

Appears in 3 contracts

Samples: Base Indenture (Conns Inc), Base Indenture (Conns Inc), Base Indenture (Conns Inc)

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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 Agency 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.

Appears in 2 contracts

Samples: Conns Inc, Conns Inc

Qualified Institution. If, at any time, the institution holding any account established pursuant to this Section 5.3 4.02 ceases to be a Qualified Institution, the Issuer Trustee shall notify the each Rating Agencies Agency and within ten (10) 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (A I Receivables Corp)

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 Trustee shall notify the each Rating Agencies Agency and within ten (10) 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.

Appears in 1 contract

Samples: Indenture (A I Receivables Transfer Corp)

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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 Trustee shall notify the each Rating Agencies Agency 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.

Appears in 1 contract

Samples: Indenture (Conns Inc)

Qualified Institution. If, at any time, the institution holding any account established pursuant to this Section 5.3 5.2 ceases to be a Qualified Institution, the Issuer Trustee shall notify the each Rating Agencies Agency 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.

Appears in 1 contract

Samples: Custodial Agreement (Brooke Credit CORP)

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