Eligible Institution

Example Definitions of "Eligible Institution"
Eligible Institution. A depository institution or trust company insured by the Federal Deposit Insurance Corporation the short term unsecured debt obligations or commercial paper of which are rated at least A-1 by Standard & Poor's Ratings Group ("S&P"), P-1 by Moody's Investors Service, Inc. ("Moody's"), and F-1+ by Fitch, Inc. ("Fitch") in the case of accounts in which funds are held for thirty (30) days or less or, in the case of Letters of Credit or accounts in which funds are held for more than thirty (30)... days, the long term unsecured debt obligations of which are rated at least "A" by Fitch and S&P and "A2" by Moody's View More Arrow
Found in CONDOR HOSPITALITY TRUST, INC. contract
Eligible Institution. A Means a federal or state chartered depository institution or trust company insured by the Federal Deposit Insurance Corporation Corporation, the short term unsecured debt obligations or commercial paper of which are rated at least A-1 by Standard & Poor's Ratings Group ("S&P"), Services, a division of The McGraw-Hill Companies, Inc ("S&P"); P-1 by Moody's Investors Service, Inc. ("Moody's"), ("Moody's"); and F-1+ F-1 by Fitch, Inc. ("Fitch") in the case of accounts in which funds are held for... thirty (30) days or less or, in the case of Letters letters of Credit credit or accounts in which funds are held for more than thirty (30) days, the long term unsecured debt obligations of which are rated at least "A" by Fitch and S&P and "A2" by Moody's Moody's. If at any time an Eligible Institution does not meet the required rating, the Eligible Account must be moved within thirty (30) days to an appropriately rated Eligible Institution. View More Arrow
Found in NTS REALTY HOLDINGS LP contract
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Eligible Institution. Means a commercial banking institution that has combined capital and surplus of not less than $500 million or its equivalent in foreign currency, whose debt is rated "A" (or higher) according to Standard & Poor's Ratings Services ("S&P") or Moody's Investors Service, Inc. ("Moody's") at the time as of which any investment or rollover therein is made. 3
Found in ALAMOSA DELAWARE INC contract
Eligible Institution. A depository institution (which may be the Indenture Trustee, the Owner Trustee or any affiliate thereof, but not Synchrony Bank or any Affiliate thereof) organized under the laws of the United States of America or any one of the states thereof, including the District of Columbia (or any U.S. branch of a foreign bank), so long as such depository institution's long-term unsecured debt rating or its certificate of deposit rating satisfies the publicly published, controlling and applicable ratings... criteria established by each Rating Agency. Notwithstanding the previous sentence, any institution the appointment of which satisfies the Rating Agency Condition shall be considered an Eligible Institution. View More Arrow
Found in Synchrony Card Funding, LLC contract
Eligible Institution. Amended by deleting the reference therein to "in institution" and substituting therefor the words "an institution".
Found in Wells Fargo Dealer Floorplan Master Note Trust contract
Eligible Institution. An institution of higher education that meets the Program Eligibility Requirements relating to an educational institution participating in the Program.
Found in HealthMarkets, Inc. contract
All Definitions