Qualifying Institution definition

Qualifying Institution means the United States office of a commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof, or a foreign bank, having assets $10,000,000,000 (net of reserves) and a credit rating on its long-term senior unsecured debt of at least "A" from S&P and "A2" from Moody's.

Qualifying Institution means, in respect of relevant Eligible Credit Support that is a Deposit, any depositary institution or trust company (or, in case of a principal depositary institution in a holding company system, such holding company) the debt or deposits of which are rated not less than the Short-Term Minimum Rating and not less than the Long-Term Minimum Rating, which for the avoidance of doubt may include Party B’s custodian (and its successors) but shall exclude Barclays Bank PLC and any affiliate and its successors.

Qualifying Institution means a public or private institution of higher education in the

Examples of Qualifying Institution in a sentence

• Such transfer would not be subject to approval by the Company, and no legal opinion of legal counsel of the Qualifying Institution would be required in connection therewith.

• If required under the terms of the Purchaser’s arrangement with such Qualifying Institution, the Purchaser may transfer any such pledged or secured Shares to such Qualifying Institution, provided such transfer is made in compliance with the Securities Act and the 1933 Act Rules and Regulations and any applicable state securities laws.

• The Rolling Stock Supplier shall provide one or more letters of credit to be issued by a Qualifying Institution in favor of the Concessionaire for the account of the Rolling Stock Supplier in an aggregate amount equal to U.S.$[●]8 to support performance by the Rolling Stock Supplier of its obligations under the Rolling Stock Supply Contract.

More Definitions of Qualifying Institution

Qualifying Institution means a United States commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof having assets of at least $10,000,000,000 (net of reserves) and a credit rating on its long-term senior unsecured debt of at least ‘A’ from S&P and ‘A2’ from Moody’s.

Qualifying Institution means any of the following, provided it is not a Restricted Person, and provided none of its Affiliates is a Restricted Person for any reason other than by reason of section (d) of the definition of Restricted Person:

Qualifying Institution means a United States commercial bank or trust company organized under the laws of the United States of America or a political subdivision thereof having assets of at least Ten Billion Dollars ($10,000,000,000) (net of reserves) and who satisfies the Credit Requirements.

Qualifying Institution means an institution that complies with paragraphs (2) and (3) and is any of the following:

Qualifying Institution has the meaning set forth in Section 2.13(a)(iv)(D)(3).

Qualifying Institution means a bank licensed under the Banking Act, or an insurer registered under the Insurance Act, or such other financial institution as may be approved under the Retirement Benefits Act, 1997;

Qualifying Institution means any of the following: