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
Found in CONDOR HOSPITALITY TRUST, INC. 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