Common use of Eligibility Clause in Contracts

Eligibility. The Indenture Trustee satisfies the requirements of Section 310(a) of the TIA and is a Qualified Institution. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 as stated in its most recent annual published report of condition.

Appears in 124 contracts

Samples: Indenture (Verizon Master Trust), Indenture (Ford Credit Auto Owner Trust 2022-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-C)

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Eligibility. The Indenture Trustee satisfies the requirements of Section 310(a) of the TIA and is a Qualified Institution. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 as stated set forth in its most recent annual published report of condition.

Appears in 55 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-A)

Eligibility. The Indenture Trustee satisfies the requirements of Section 310(a) of the TIA and is a Qualified InstitutionTIA. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 as stated in its most recent annual published report of condition.

Appears in 19 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2024-A), Indenture (Ford Credit Auto Lease Trust 2024-A)

Eligibility. The Indenture must always have a Trustee that satisfies the requirements of TIA Section 310(a310(b) of the TIA and is a Qualified Institution. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 25,000,000 as stated set forth in its most recent published annual published report of condition.

Appears in 9 contracts

Samples: Indenture (NXP Semiconductors N.V.), Indenture (NXP Semiconductors N.V.), Note Guarantee Supplement (NXP Semiconductors N.V.)

Eligibility. The Indenture Trustee satisfies the requirements of Section 310(a) of the TIA and is a Qualified InstitutionTIA. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 as stated set forth in its most recent annual published report of condition.

Appears in 7 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2007-B), Indenture (Ford Credit Auto Owner Trust 2006-A), Indenture (Ford Credit Auto Owner Trust 2007-A)

Eligibility. The Indenture must always have a Trustee that satisfies the requirements of TIA Section 310(a) of the TIA and is a Qualified Institution. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 25,000,000 as stated set forth in its most recent published annual published report of condition.

Appears in 6 contracts

Samples: Supplemental Indenture (E Trade Financial Corp), Supplemental Indenture (E Trade Financial Corp), Supplemental Indenture (E Trade Financial Corp)

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Eligibility. The Indenture Trustee satisfies the requirements of Section 310(a) of the TIA and is a Qualified Institution. The Indenture Trustee or its parent has a combined capital 37 and surplus of at least $50,000,000 as stated in its most recent annual published report of condition.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Vzot 2018-A), Transfer and Servicing Agreement (Verizon Owner Trust 2019-B), Transfer and Servicing Agreement (Verizon Owner Trust 2019-A)

Eligibility. The Indenture Trustee satisfies the requirements of Section 310(a) of the TIA [and is a Qualified Institution]. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 as stated in its most recent annual published report of condition.

Appears in 1 contract

Samples: Indenture (CAB East LLC)

Eligibility. The Indenture Trustee satisfies the requirements of Section 310(a) of the TIA and TIAand is a Qualified Institution. The Indenture Trustee or its parent has a combined capital and surplus of at least $50,000,000 as stated set forth in its most recent annual published report of condition.

Appears in 1 contract

Samples: Ford Credit Auto Owner Trust 2008-A

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