Qualified Depository. Any of (i) a depository the accounts of which are insured by the FDIC (to the limits established by such corporation) and the debt obligations of which are rated P-1 by Moody’s (or its equivalent) or better by each Rating Agency; or (ii) the corporate trust department of any bank the debt obligations of which are rated A-1 by S&P and F-1 by Fitch (or its equivalent) or better by each Rating Agency.
Appears in 15 contracts
Sources: Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Ce Se 2003-Bc12), Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc9), Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc8)
Qualified Depository. Any of (i) a depository the accounts of which are insured by the FDIC (to the limits established by such corporation) and the debt obligations of which are rated P-1 by Moody’s (or its equivalent) or better by each Rating Agency; or (ii) the corporate trust department of any bank the debt obligations of which are rated A-1 by S&P and F-1 by Fitch (or its equivalent) or better by each Rating Agency; or (iii) the Bank.
Appears in 13 contracts
Sources: Subservicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7), Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc9)
Qualified Depository. Any of (i) a depository the accounts of which are insured by the FDIC (to the limits established by such corporation) and the debt obligations of which are rated P-1 by Moody’s AA (or its equivalent) or better by each Rating Agency; or (ii) the corporate trust department of any bank the debt obligations of which are rated at least A-1 by S&P and F-1 by Fitch (or its equivalent) or better equivalent by each Rating Agency; or (iii) the Servicer, so long as the long-term unsecured debt obligations of the Servicer are acceptable to either Rating Agency.
Appears in 3 contracts
Sources: Servicing Agreement (Lehman Mortgage Trust 2007-3), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-7), Servicing Agreement (Structured Asset Securities Corp)
Qualified Depository. Any of (i) a depository the accounts of which are insured by the FDIC (to the limits established by such corporation) and the debt obligations of which are rated P-1 by Moody’s AA (or its equivalent) or better by each Rating Agency; or (ii) the corporate trust department of any bank the debt obligations of which are rated at least A-1 by S&P and F-1 by Fitch (or its equivalent) or better equivalent by each Rating Agency; or (iii) ▇▇▇▇▇▇ Brothers Bank, F.S.B., a federal savings bank.
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2000-4)
Qualified Depository. Any of (i) a depository the accounts of which are insured by the FDIC (to the limits established by such corporation) and the debt obligations of which are rated P-1 by Moody’s AA (or its equivalent) or better by each Rating Agency; or (ii) the corporate trust department of any bank the debt obligations of which are rated at least A-1 by S&P and F-1 by Fitch (or its equivalent) or better equivalent by each Rating Agency; or (iii) Lehman Brothers Bank, FSB, a federal savings bank.
Appears in 1 contract
Sources: Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-A9)
Qualified Depository. Any of (i) a depository the accounts of which are insured by the FDIC (to the limits established by such corporation) and the debt obligations of which are rated P-1 by Moody’s 's (or its equivalent) or better by each Rating Agency; or (ii) the corporate trust department of any bank the debt obligations of which are rated A-1 by S&P and F-1 by Fitch (or its equivalent) or better by each Rating Agency; or (iii) the Bank.
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2)
Qualified Depository. Any of (i) a depository the accounts of which are insured by the FDIC (to the limits established by such corporation) and the debt obligations of which are rated P-1 by Moody’s (or its equivalent) or better by each Rating Agency; or (ii) the corporate trust department of any bank the debt obligations of which are rated A-1 by S&P and F-1 by Fitch (or its equivalent) or better by each Rating Agency; or (iii) the Seller.
Appears in 1 contract
Sources: Subservicing Agreement (Encore Credit Corp Mortgage Pass Through Certs Ser 2003-1)