Common use of Merger, Conversion or Consolidation of Collateral Agent Clause in Contracts

Merger, Conversion or Consolidation of Collateral Agent. Any person into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any person resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any person succeeding to all or substantially all the corporate trust business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to clause (d) above, provided that without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Security Agreement (Firepond, Inc.)

AutoNDA by SimpleDocs

Merger, Conversion or Consolidation of Collateral Agent. Any person Person into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any person Person resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any person Person succeeding to all or substantially all of the corporate trust business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to clause (d) aboveSection 8.03, provided that without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding, such Person satisfies the eligibility requirements specified in clauses (a) through (d) of Section 8.02.

Appears in 1 contract

Samples: Security and Collateral Agency Agreement (Expressjet Holdings Inc)

Merger, Conversion or Consolidation of Collateral Agent. Any person Person into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any person Person resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any person Person succeeding to all or substantially all of the corporate trust business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to clause (d) aboveSection 8.03, provided that without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding., such Person satisfies the eligibility requirements specified in clauses (a) through (d) of Section 8.02. 41

Appears in 1 contract

Samples: Security and Collateral Agency Agreement

AutoNDA by SimpleDocs

Merger, Conversion or Consolidation of Collateral Agent. Any person into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any person resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any person succeeding to all or substantially all the corporate trust business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to clause (d) above, provided that (i) without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Collateral Agency and Security Agreement (Firepond, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!