Common use of Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee Clause in Contracts

Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee. Any entity into which the Indenture Trustee may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any entity succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee hereunder, provided such entity shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes have been authenticated, but not delivered, by the Indenture Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Indenture Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Indenture Trustee had authenticated such Notes.

Appears in 2 contracts

Samples: Indenture (Mid State Homes Trust Xi), Indenture (Mid State Capital Corp)

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Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee. Any entity Person into which the Indenture Trustee may be merged or converted or with which it may be consolidated, or any entity Person resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any entity corporation succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee hereunder, provided such entity Person shall be otherwise qualified and -------- eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes have been authenticated, but not delivered, by the Indenture Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Indenture Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Indenture Trustee had itself authenticated such Notes.

Appears in 2 contracts

Samples: Indenture (Nova Corp \Ga\), Indenture (Nova Corp \Ga\)

Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee. Any entity corporation into which the Indenture Trustee may be merged or converted or with which it may be consolidated, or any entity corporation resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any entity corporation succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee hereunder, provided such entity corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes have been authenticated, but not delivered, by the Indenture Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Indenture Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Indenture Trustee had itself authenticated such Notes.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Commercial Assets Inc)

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Merger, Conversion, Consolidation or Succession to Business of Indenture Trustee. Any entity Person into which the Indenture Trustee may be merged or converted or with which it may be consolidated, or any entity Person resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any entity corporation succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee hereunder, provided such entity Person shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes have been authenticated, but not delivered, by the Indenture Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Indenture Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor Indenture Trustee had itself authenticated such Notes.

Appears in 1 contract

Samples: Indenture (T&w Financial Corp)

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