Assignment Event. The long-term senior unsecured debt rating of the Seller being rated below “BBB-” by Standard & Poor’s and “Baa3” by Moody’s, or (ii) the occurrence of an Event of Servicing Termination.
Appears in 5 contracts
Sources: Sale and Servicing Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He1), Sale and Servicing Agreement (First Horizon Asset Securities Inc), Sale and Servicing Agreement (Fund America Investors Corp Ii)
Assignment Event. The long-term senior unsecured debt rating of the Seller being rated below “BBB-BBB” by Standard & Poor’s and or “Baa3Baa2” by Moody’s, or (ii) the occurrence of an Event of Servicing Termination.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He2), Sale and Servicing Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1)
Assignment Event. The long-term senior unsecured debt rating of the Seller being rated below “BBB-BBB” by Standard & Poor’s and “Baa3Baa2” by Moody’s, or (ii) the occurrence of an Event of Servicing Termination.
Appears in 1 contract
Sources: Sale and Servicing Agreement (First Horizon Asset Securities Inc)
Assignment Event. The long-term senior unsecured debt rating of the Seller being rated below “BBB-[___]” by Standard & Poor’s and “Baa3[___]” by Moody’s, or (ii) the occurrence of an Event of Servicing Termination.
Appears in 1 contract
Sources: Sale and Servicing Agreement (First Horizon Asset Securities Inc)