Qualified Trustee

Example Definitions of "Qualified Trustee"
Qualified Trustee. (i) a corporation, bank, banking association or a trust company, organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination by federal or state authority, (ii) an institution whose deposits are insured by the Federal Deposit Insurance Corporation or (iii) an... institution whose long-term senior unsecured debt is rated at either of the then in effect top two rating categories of each of the Rating Agencies. View More
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