Common use of The Fiscal Agent Clause in Contracts

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-" from Fitch (or, in the case of either Rating Agency, such other rating as shall not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, as confirmed in writing by such Rating Agency).

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp Ii), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2005-C5), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2005-C5)

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The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-" from Fitch (Fitch, or, in the case of either Rating Agency, such other rating as shall not result in an Adverse the withdrawal, downgrade, or qualification of the rating assigned by the Rating Event with respect Agency to any Class of Certificates then rated by such the Rating Agency, as confirmed in writing by such Rating Agency).

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2004-C12), Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2005-C18), Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2005-C20)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-Aa3" from Fitch Xxxxx'x (or, in the case of either Rating Agency, such other rating as shall not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating AgencyEvent, as confirmed in writing by such Rating Agency).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C7), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2005-C1)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-Aa3" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) Xxxxx'x and "AA-" from Fitch S&P (or, in the case of either any such Rating Agency, such other lower rating as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing to the Trustee, the Fiscal Agent and the Depositor by such Rating Agency)).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Trust 2005-Cki1), Pooling and Servicing Agreement (Merrill Lynch Mortgage Trust 2005-Cki1)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-Aa3" from Fitch Moody's (or, in the case of either Rating Agency, such other rating as shall ratinx xx xxall not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating AgencyEvent, as confirmed in writing by such Rating Agency).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C8), Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C8)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "Aa3" from Moody's and "AA-" from S&P (or "A+" from S&P, S&P if the Fiscal Agent's shortAgent has a xxxxx-term xerm unsecured debt rating is of at least "A-1" by S&P) and "AA-" from Fitch (or, in the case of either any such Rating Agency, such other lower rating as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing by such Rating Agency) result in an Adverse Rating Event).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Greenwich Capital Comm Mort Pass THR Certs Ser 2003-C2), Pooling and Servicing Agreement (Greenwich Capital Comm Mort Pass THR Certs Ser 2003-C2)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-" from Fitch (or, in the case of either Rating Agency, such other rating as shall not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating AgencyEvent, as confirmed in writing by such Rating Agency).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2004-C6)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than ["AA-A" from S&P each of DBRS (or "A+" from S&P, but only if the Fiscal AgentAgent is rated by DBRS) and Fitch, "Aa3" from Moody's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-" from Fitch S&P] (or, in the case of either any such Rating AgencyAgexxx, such other xxch lower rating as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing to the Trustee, the Fiscal Agent and the Depositor by such Rating Agency)).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-short term unsecured debt rating is at least "A-1" by S&P) and "AA-Aa3" from Fitch Xxxxx'x (or, in the case of either Rating Agency, such other rating as shall not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating AgencyEvent, as confirmed in writing by such Rating Agency).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (LB-UBS Commercial Mortgage Trust 2005-C3)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "Aa3" from Moody's and "AA-" from S&P xxxx X&P (or "A+" from S&P, S&P if the Fiscal Agent's Agent has a short-term unsecured debt rating is of at least "A-1" by S&P) and "AA-" from Fitch (orS&P)(or, in the case of either any such Rating Agency, such other lower rating as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing by such Rating Agency) result in an Adverse Rating Event).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenwich Capital Commercial Fund Corp Comm Mort Tr 2003-C1)

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The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "Aa3" from Moody's and "AA-" from S&P (or "A+" from S&P, S&P if the Fiscal Agent's shortAgent has x xxxxt-term unsecured debt rating is of at least "A-1" by S&P) and "AA-" from Fitch (or, in the case of either any such Rating Agency, such other lower rating as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing by such Rating Agency) result in an Adverse Rating Event).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GCCFC 2005-Gg3)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-Aa3" from Fitch (Xxxxx'x, or, in the case of either Rating Agency, such other rating as shall not result in an Adverse the withdrawal, downgrade, or qualification of the rating assigned by the Rating Event with respect Agency to any Class of Certificates then rated by such the Rating Agency, as confirmed in writing by such Rating Agency).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wachovia Commercial Mortgage Securities Inc)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-Aa3" from Xxxxx'x and "AA" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-" from Fitch (or, in the case of either Rating Agency, such other lower rating as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing by such Rating Agency) result in an Adverse Rating Event).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass-Through Certificates Series 2000-C4)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&Pand, if the Fiscal Agent's Agent is rated "AA-" by Fitch, a short-term unsecured debt rating is of at least "A-1F-1+") from Fitch, "Aa3" by S&P) from Moody's and "AA-" from Fitch S&P (or, in the case of either any Rating Agency, such other rating lxxxx xxting as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing by such Rating Agency) result in an Adverse Rating Event).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CDC Commercial Mortgage Trust 2002-Fx1)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or "A+" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-Aa3" from Fitch (Xxxxx'x, or, in the case of either Rating Agency, such other rating as shall not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating AgencyEvent, as confirmed in writing by such Rating Agency).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Sec Corp Lb Ubs Com Mort Tr 2003-C8)

The Fiscal Agent. (a) The Fiscal Agent shall at all times maintain a long-term unsecured debt rating of no less than "AA-" from S&P (or and "A+Aa3" from S&P, if the Fiscal Agent's short-term unsecured debt rating is at least "A-1" by S&P) and "AA-" from Fitch Xxxxx'x (or, in the case of either Rating Agency, such other lower rating as shall will not result in an Adverse Rating Event with respect to any Class of Certificates rated by such Rating Agency, (as confirmed in writing by such Rating Agency) result in an Adverse Rating Event).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp)

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