Common use of Eligible Institution Clause in Contracts

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody's, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 31 contracts

Samples: Trust Agreement (Federal Express Corp), Consent and Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

AutoNDA by SimpleDocs

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's Xxxxx'x or (y) a short-term certificate of deposit rating of P-1 by Moody'sXxxxx'x, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 5 contracts

Samples: Intercreditor Agreement (Federal Express Corp), Consent and Agreement (Federal Express Corp), Indenture and Security Agreement (Federal Express Corp)

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody'sMxxxx'x, (b) has either (x) a long-term unsecured debt rating of a least AA lexxx XX by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 4 contracts

Samples: Indenture and Security Agreement (Federal Express Corp), Indenture and Security Agreement (Federal Express Corp), Participant Transfer Agreement (Federal Express Corp)

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody's, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1A- 1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 3 contracts

Samples: Lease Agreement (Federal Express Corp), Federal Express Corp, Federal Express Corp

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's Xxxxx'x or (y) a short-term certificate of deposit rating of P-1 by Moody'sXxxxx'x, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1A- 1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 2 contracts

Samples: Indenture and Security Agreement (Federal Express Corp), Federal Express Corp

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moodyxx Xxxxy's, (b) has either (x) a long-term unsecured debt rating of a least x xxxxx AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 2 contracts

Samples: Indenture and Security Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp)

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by MoodyXxxxx's, (b) has either (x) a long-term unsecured debt rating of a least AA xxxxx XA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 2 contracts

Samples: Trust Agreement (Federal Express Corp), Federal Express Corp

AutoNDA by SimpleDocs

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a shortshorx-term xxxx certificate of deposit rating of P-1 by Moody's, (b) has either eithxx (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Samples: Indenture and Security Agreement (Federal Express Corp)

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's Mxxxx'x or (y) a short-term certificate of deposit rating of P-1 by Moody'sMxxxx'x, (b) has either (x) a long-term unsecured debt rating of a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Samples: Lease Agreement (Federal Express Corp)

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 by Moody's, (b) has either (x) a longx xong-term unsecured debt rating of a least AA by S&P or (y) a shortxxxxx-term xerm certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Samples: Federal Express Corp

Eligible Institution. A depository institution 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, which in any such case at all times (a) has either (x) a long-term unsecured debt rating of at least Aa2 by Moody's or (y) a short-term certificate of deposit rating of P-1 ratinx xx X-1 by Moody's, (b) has either (x) a long-term unsecured debt rating of rxxxxx xf a least AA by S&P or (y) a short-term certificate of deposit rating of A-1+ by S&P and (c) is a member of the Federal Deposit Insurance Corporation.

Appears in 1 contract

Samples: Indenture and Security Agreement (Federal Express Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.