Common use of TRUSTEE AND REMARKETING AGENT Clause in Contracts

TRUSTEE AND REMARKETING AGENT. Without the prior written consent of the Bank, which such consent shall not be unreasonably withheld, appoint or consent to the appointment of any successor Trustee or Remarketing Agent; provided that any successor Trustee or Remarketing Agent (or its parent entity) shall be rated at least A3 by Moody’s and A- by S&P and have minimum capital of $500,000,000. The District shall at all times maintain a Trustee and a Remarketing Agent under the Indenture.

TRUSTEE AND REMARKETING AGENT. Without the prior written consent of the Bank, which such consent shall not be unreasonably withheld, appoint or consent to the appointment of any successor Trustee or Remarketing Agent; provided that any successor Trustee or Remarketing Agent (or its parent entity) shall be rated at least A3 by Moody’s ▇▇▇▇▇’▇ and A- by S&P and have minimum capital of $500,000,000. The District shall at all times maintain a Trustee and a Remarketing Agent under the Indenture.