Common use of Eligibility; Disqualification Clause in Contracts

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “BBB-” or better by Standard & Poor’s. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “Baa3BBB-” or better by Moody’s S&P and “BBB-” by Fitch or better “A-1” by Standard & Poor’sS&P and “F1” by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s ▇▇▇▇▇’▇ and “BBB-” or better by Standard & Poor’s. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” or better by Moody’s ▇▇▇▇▇’▇ and “BBB-BBB” or better by Standard & Poor’sFitch, or otherwise acceptable to the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee ----------------------------- shall at all times satisfy the requirements of TIA § 310(a)(1(S) 310(a) and § 310(a)(5) and Section 26(a)(1) the requirements of the Investment Company Actan "eligible lender" under 20 USC (S)1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § (S) 310(b), including the optional provision permitted by the second sentence of TIA § (S) 310(b)(9); provided, however, that there shall be excluded from the -------- ------- operation of TIA § (S) 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § (S) 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it shall condition, (iii) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “BBB-” by S&P and “Baa3” or better by Moody’s or “A-1” by S&P and “BBB-Prime-1” or better by Standard & PoorMoody’s. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1ss. 310(a) and § 310(a)(5) and Section 26(a)(1) the requirements of the Investment Company Actan "eligible lender" under 20 USC ss.1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § ss. 310(b), including the optional provision permitted by the second sentence of TIA § ss. 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1ss. 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § ss. 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 [100,000,000] as set forth in its most recent recently published annual report of condition and it shall condition, (iii) have a long term debt rating of “Baa3” equivalent to "A" or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and (unless waived by the Rating Agencies) it shall have a long term unsecured debt rating of “Baa3” or better that falls within an investment grade category by Moody’s and “BBB-” or better by Standard & Poor’sany nationally recognized rating agency then providing such rating for the Indenture Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee ----------------------------- shall at all times satisfy the requirements of TIA § 310(a)(1(S) 310(a) and § 310(a)(5) and Section 26(a)(1) the requirements of the Investment Company Actan "eligible lender" under 20 USC (S)1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § (S) 310(b), including the optional provision permitted by the second sentence of TIA § (S) 310(b)(9); provided, however, that there shall be excluded from the -------- ------- operation of TIA § 310(b)(1(S) 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § (S) 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term debt or long-term issuer rating of “Baa3” or better by Moody’s and “BBB-” or better by Standard & Poor’s. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” A (or the equivalent thereof) or better by Moody’s and “BBB-” or better by Standard & Poor’sall of the Rating Agencies from which a rating is available. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Note Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt or issuer rating of “Baa3” or better by Moody’s and “BBB-” or better by Standard & Poor’s. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” or better by Moody’s ▇▇▇▇▇’▇ and “BBB-” or better by Standard & Poor’sFitch, or otherwise acceptable to the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s M▇▇▇▇’▇ and “BBB-” or better by Standard & Poor’s. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “BBB-” or better by Standard & Poor’s. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act(S)310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it its long-term unsecured debt shall have a long term debt rating of “Baa3” or better be rated at least Baa3 by Moody’s and “BBB-” or better 's, BBB- by Standard & Poor’s's and BBB- by Fitch. The Indenture Trustee shall comply with TIA § 310(b(S)310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9(S)310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1(S)310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1(S)310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a an investment-grade long term debt rating from each of “Baa3” or better by Moody’s ▇▇▇▇▇’▇ and “BBB-” or better by Standard & Poor’s. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1Section 310(a) and § 310(a)(5) and Section 26(a)(1) the requirements of the Investment Company Actan "eligible lender" under 20 USC Section1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1310(a) and § 310(a)(5) and Section 26(a)(1) of rule 3a-7 under the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s ▇▇▇▇▇’▇ and “BBB-” or better “ by Standard & Poor’s’s and Fitch (if currently rated by Fitch). The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it shall condition, (iii) have a long term debt rating of equivalent to “Baa3A” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it (which report shall be provided to the Insurer upon request), (iii) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s S&P or be otherwise acceptable to S&P and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “Baa3BBB-” or better by Moody’s S&P and “BBB-” by Fitch or better “A-1” by Standard & Poor’sS&P and “F1” by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.. 43 (2020-C Indenture)

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it (which report shall be provided to the Insurer upon request), (iii) have a long long-term debt rating of “Baa3” equivalent to "A" or better by Moody’s S&P or be otherwise acceptable to S&P and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition or its parent and it or its parent shall have a long term debt rating of “Baa3” BBB- or better by Moody’s and “BBB-” or better by Standard & Poor’sthe Rating Agencies. The Indenture Trustee shall provide copies of such reports to the Insurer upon request. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1310(a) and § 310(a)(5) and Section 26(a)(1) of rule 3a-7 under the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s M▇▇▇▇’▇ and “BBB-” or better “ by Standard & Poor’s’s and Fitch (if currently rated by Fitch). The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “Baa3BBB-” or better by Moody’s S&P and “BBB-” by Fitch or better “A-1” by Standard & Poor’sS&P and “F-1” by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of “Baa3” or better by Moody’s and be rated at least “BBB-” or better by Standard & Poor’s’s and “Baa3” by M▇▇▇▇’▇ or “A-1” by Standard & Poor’s and “Prime-1” by M▇▇▇▇’▇. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” or better by Moody’s and “BBB-” ▇▇▇▇▇’▇, or its equivalent rating or better by Standard & Poor’sFitch, or otherwise acceptable to the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.. 39 (NAROT 2017-B Indenture)

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” or better by Moody’s and “BBB-BBB” or better by Standard & Poor’sS&P, or otherwise acceptable to the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s's, "Baa3" or better by Moody'▇ ▇▇▇ "▇▇▇-" or better by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of “Baa3” or better by Moody’s and be rated at least “BBB-” or better by Standard & Poor’s or “Baa3” by Moody’s or “A-1” by Standard & Poor’s or “Prime-1” by Moody’s. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it shall condition, (iii) have a long long-term debt rating of equivalent to “Baa3A” or better and a short-term debt rating equivalent to “A-1” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies, and “BBB-” (iv) not be an Affiliate of the Issuing Entity or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer Issuing Entity are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of “Baa3” or better by Moody’s and be rated at least “BBB-” or better by Standard & Poor’s and “Baa3” by Moody’s or “A-1” by Standard & Poor’s and “Prime-1” by Moody’s. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s▇▇▇▇'▇, "▇▇▇▇" or better by ▇▇▇▇▇'▇ and "BBB-" or better by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it shall condition, (iii) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b)(l) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee and the Securities Administrator shall each have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” Baa3 or better by Moody’s and “BBB-” ▇▇▇▇▇’▇, BBB or better by Standard & Poor’s’s and BBB by Fitch. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report 38 (NAROT 2020-A Indenture) of condition and it or its parent shall have a long long-term debt rating of “Baa3” or better by Moody’s ▇▇▇▇▇’▇ and “BBB-BBB” or better by Standard & Poor’sS&P, or otherwise acceptable to the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940, as amended. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s'▇, "▇▇▇▇" ▇▇ better by Moody's and "BBB-" or better by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “BBB-” by S&P or “Baa3” or better by Moody’s and or “BBB-A-1” by S&P or better “Prime-1” by Standard & PoorMoody’s. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s's, "Baa3" or better by Moo▇▇'▇ ▇▇▇ "▇▇▇-" or better by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s's, "Baa3" or better by Moody's and "BBB-" or better by Fitch. The Indenture Trustee ▇▇▇ ▇▇▇▇▇▇▇ shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” or better by Moody’s and “BBB-” ▇▇▇▇▇’▇, or its equivalent rating or better by Standard & Poor’sFitch, or otherwise acceptable to the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.. 38 (NAROT 2017-A Indenture)

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “Baa3BBB-” or better by MoodyStandard & Poor’s and “BBB-” by Fitch or better “A-1” by Standard & Poor’s’s and “F-1” by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” A (or the equivalent thereof) or better by Moody’s and “BBB-” or better by Standard & Poor’sall of the Rating Agencies from which a rating is available. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9Section 31 0(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA § 310(b)(1Section 31 0(b) ( 1) any indenture or indentures under which other securities of the Note Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “"Baa3” " or better by Moody’s 's and “"BBB-” " or better by Standard & Poor’s's. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.met.‌

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “Baa3BBB-” or better by MoodyStandard & Poor’s and “BBB-” by Fitch or better “A-1” by Standard & Poor’s’s and “F-1” by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.. 50 (2015-B Indenture)

Eligibility; Disqualification. The Indenture ----------------------------- Trustee shall at all times satisfy the requirements of TIA § 310(a)(1(S) 310(a) and § 310(a)(5) and Section 26(a)(1) the requirements of the Investment Company Actan "eligible lender" under 20 USC (S)1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § 310(b(S)310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9(S)310(b)(9); provided, -------- however, that there shall be excluded from the operation of TIA § 310(b)(1(S)310(b)(1) ------- any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § (S) 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1(S) 310(a) and § 310(a)(5) and Section 26(a)(1) the requirements of the Investment Company Actan "eligible lender" under 20 USC (S)1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § (S) 310(b), including the optional provision permitted by the second sentence of TIA § (S) 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1(S) 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § (S) 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § Section 310(a)(1) and § Section 310(a)(5) and Section 26(a)(1) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” A (or the equivalent thereof) or better by Moody’s and “BBB-” or better by Standard & Poor’sall of the Rating Agencies from which a rating is available. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Note Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times times: (a) satisfy the requirements of TIA § 310(a)(1Section 310(a); (b) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent recently published annual report of condition and it shall condition; (c) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s and “BBB-” the Rating Agencies (if its long-term debt is rated by such Rating Agencies) or better by Standard & Poor’sbe otherwise acceptable to the Rating Agencies; and (d) not be an Affiliate of the Issuer or the Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent recently published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” "A" or better by Moody’s S&P and “BBB-” Fitch or better by Standard & Poor’s. "A2"by ▇▇▇▇▇'▇ or shall otherwise be acceptable to each of Fitch, ▇▇▇▇▇'▇ and S&P. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times times: (a) satisfy the requirements of TIA § 310(a)(1Section 310(a); (b) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it shall condition; (c) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s and “BBB-” the Rating Agencies or better by Standard & Poor’sbe otherwise acceptable to the Rating Agencies; and (d) not be an Affiliate of the Issuer or the Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5TIA 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “BBB-” or better by Standard & and Poor’s’s and Fitch. The Indenture Trustee shall comply with TIA § TIA 310(b), including the optional provision permitted by the second sentence of TIA § TIA 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § TIA 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1Section 310(a) and § 310(a)(5) and the requirements of an "eligible lender" under 20 USC Section 26(a)(1) of the Investment Company Act1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it shall condition, (iii) have a long long-term debt rating of equivalent to “Baa3A” or better and a short-term debt rating equivalent to “A-1” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies, and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it (which report shall be provided to the Insurer upon request), (iii) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee ----------------------------- shall at all times satisfy the requirements of TIA § 310(a)(1(S) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of “Baa3” or better by Moody’s and “BBB-” or better be rated at least A-1 by Standard & Poor’s's, F1 by Fitch and P-1 by Moody's. The Indenture Trustee shall comply with TIA § (S) 310(b), including the optional provision permitted by the second sentence of TIA § (S) 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1(S) 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § (S) 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times be acceptable to the Note Insurer and authorized to exercise corporate trust powers. The Indenture Trustee shall also satisfy the requirements of TIA § 310(a)(1Section 310(a) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” Baa3 or better by Moody’s 's and “BBB-” BBB or better by Standard & Poor’s's. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.Section 310(b)

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it its long-term unsecured debt shall have a long term debt rating of “Baa3” or better be rated at least Baa3 by Moody’s and “BBB-” or better 's, at least BBB- by Standard & Poor’s's and, if rated by Fitch, at least BBB-by Fitch. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it (which report shall be provided to either Insurer upon request), (iii) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt issuer rating of “Baa3” or better by from Moody’s and a long-term issuer rating from S&P of at least “BBB-” or better by Standard & Poor’sA”. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1(S)310(a) and § 310(a)(5) and Section 26(a)(1) the requirements of the Investment Company Actan "eligible lender" under 20 USC (S)1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § (S) 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9(S)310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1(S)310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1(S)310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee [shall be acceptable to the Note Insurer] and shall have a combined capital and surplus of at least [$50,000,000 50,000,000] as set forth in its most recent published annual report of condition and it or its parent shall have a long long-term debt rating of “Baa3” not less than ["A"] by S&P or better by Moody’s and “BBB-” or better by Standard & Poor’sshall otherwise be acceptable to each Rating Agency. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act§310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it either its long-term unsecured debt shall have a long term debt rating of “Baa3” or better be rated at least Baa3 by Moody’s and “BBB-” BBB- by Standard & Poor’s or better its short-term debt shall be rated at least P-2 by Moody’s and A-2 by Standard & Poor’s. The Indenture Trustee shall comply with TIA § §310(b), including the optional provision permitted by the second sentence of TIA § §310(b)(9); provided, however, that there shall be excluded from the operation of TIA § §310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § §310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s's, "Baa3" or better by Moody's ▇▇▇ "▇▇▇-" ▇▇ better by Fitc▇. The Indenture ▇▇▇ Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5310(a) and Section 26(a)(1) of the Investment Company ActAct of 1940, as amended. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term senior, unsecured debt rating of “"Baa3” " or better by Moody’s and “BBB-” or better 's (or, if not rated by Standard & Poor’sMoody's, a comparable rating by another statistical rating agency). The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1310(b) (1) any indenture or indentures indenture(s) under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it (which report shall be provided to the Insurer upon request), (iii) have a long term debt rating of equivalent to “Baa3A” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent either (a) shall have a long long-term debt rating of “Baa3” A or better by Moody’s and “BBB-” ▇▇▇▇▇’▇ or better by Standard & Poor’s(b) such other rating as would not cause any Rating Agency to lower the rating of the Notes below its initial rating thereof, without taking into account the Policy. The Indenture Trustee shall comply with TIA § 310(b), including the optional provision permitted by the second sentence of TIA § 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least [“Baa3BBB-” or better by MoodyStandard & Poor’s and “BBB-” by Fitch or better “A-1” by Standard & Poor’s’s and “F-1” by Fitch]. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times times: (a) satisfy the requirements of TIA § 310(a)(1Section 310(a); (b) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it shall condition; (c) have a long long-term debt rating of equivalent to “Baa3A” or better by Moody’s and “BBB-” the Rating Agencies or better by Standard & Poor’sbe otherwise acceptable to the Rating Agencies; and (d) not be an Affiliate of the Issuer or the Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding [outstanding] if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 50,000,000.00 as set forth in its most recent published annual report of condition condition, and it the time deposits of the Indenture Trustee shall have a long term debt rating of be rated at least “BBB-” by Fitch and “Baa3” or better by Moody’s or “F1” by Fitch and “BBB-Prime-1” or better by Standard & PoorMoody’s. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s's, "Baa3" or better by Moody's and "BBB-" or better by Fitch. The Indenture Trustee shall comply with TIA § ▇▇▇ ▇▇ction 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that and there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it or its parent either (a) shall have a long long-term debt rating of “Baa3” A or better by Moody’s and “BBB-” ▇▇▇▇▇'▇ or better by Standard & Poor’s(b) such other rating so longs as such rating would not cause any Rating Agency to lower the rating of the Class A Notes below its initial rating thereof. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 [100,000,000] as set forth in its most recent recently published annual report of condition and it shall condition, (iii) have a long term debt rating of equivalent to “Baa3A” or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940, as amended. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s's, "Baa3" or better by Moody's and "BBB-" or better by Fitch. The Indenture Trustee ▇▇▇ ▇▇▇▇▇▇▇ shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times (i) satisfy the requirements of TIA § 310(a)(1Section 310(a), (ii) and § 310(a)(5) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 100,000,000 as set forth in its most recent recently published annual report of condition and it (which report shall be provided to the Insurer upon request), (iii) have a long long-term debt rating of “Baa3” equivalent to "A" or better by Moody’s the Rating Agencies or be otherwise acceptable to the Rating Agencies and “BBB-” (iv) not be an Affiliate of the Issuer or better by Standard & Poor’sthe Owner Trustee. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(126(a)(i) of the Investment Company ActAct of 1940. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long term debt rating of “Baa3” A (or the equivalent thereof) or better by Moody’s and “BBB-” or better by Standard & Poor’sall of the Rating Agencies from which a rating is available. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); providedPROVIDED, howeverHOWEVER, that there shall be excluded from the operation of TIA § Section 310(b)(1) any indenture or indentures under which other securities of the Note Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1Section 310(a) and § 310(a)(5) and the requirements of an "eligible lender" under 20 USC Section 26(a)(1) of the Investment Company Act1085(d). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term senior unsecured debt rating of “Baa3” or better not less than investment grade by Moody’s and “BBB-” or better by Standard & Poor’seach of the Rating Agencies. The Indenture Trustee shall comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.

Eligibility; Disqualification. The Indenture Trustee shall at all times satisfy the requirements of TIA § 310(a)(1) and § 310(a)(5Section 310(a) and Section 26(a)(1) of the Investment Company Act. The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have a long long-term debt rating of “Baa3” or better by Moody’s and “"BBB-” " or better by Standard & Poor’s's, "Baa3" or better by Moody's and "BBB-" or better by Fitch. The Indenture Trustee shall T▇▇ ▇▇▇▇▇▇▇ ▇▇all comply with TIA § Section 310(b), including the optional provision permitted by the second sentence of TIA § Section 310(b)(9); provided, however, that and there shall be excluded from the operation of TIA § 310(b)(1Section 310(b) (1) any indenture or indentures under which other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § Section 310(b)(1) are met.