Qualified Depository. (a) a depository, the accounts of which are insured by the FDIC and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by either of ▇▇▇▇▇’▇ Investors Service, Inc. or Fitch, Inc., (b) a depository, the short-term debt obligations, or other short-term deposits of which are rated at least ‘A-2’ and the long-term unsecured debt obligations of which are rated at least ‘AA-’ by Standard & Poor's Ratings Service, a division of The McGraw Hill Companies Inc., or (c)
Appears in 1 contract
Sources: Subservicing Agreement (MortgageIT Mortgage Loan Trust 2006-1)
Qualified Depository. (a) a depository, the accounts of which are insured by the FDIC and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by either of ▇M▇▇▇▇’▇ Investors Service, Inc. or Fitch, Inc., (b) a depository, the short-term debt obligations, or other short-term deposits of which are rated at least ‘A-2’ and the long-term unsecured debt obligations of which are rated at least ‘AA-’ by Standard & Poor's Ratings Service, a division of The McGraw Hill Companies Inc., or (c)) GMAC Bank.
Appears in 1 contract
Sources: Servicing Agreement (MortgageIT Mortgage Loan Trust 2006-1)
Qualified Depository. (a) a depository, the accounts of which are insured by the FDIC and the short term debt ratings and the long term deposit ratings of which are rated in one of the two highest rating categories by either of ▇M▇▇▇▇’▇ Investors Service, Inc. or Fitch, Inc., or (b) a depository, the short-term debt obligations, or other short-term deposits of which are rated at least ‘A-2’ and the long-term unsecured debt obligations of which are rated at least ‘AA-’ by Standard & Poor's Ratings Service, a division of The McGraw Hill Companies Inc., or (c)
Appears in 1 contract
Sources: Servicing Agreement (Encore Credit Receivables Trust 2005-2)