Common use of Merger or Consolidation of a Trustee Clause in Contracts

Merger or Consolidation of a Trustee. Any corporation into which a Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the such Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the such Trustee, shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the successor of such Trustee hereunder; provided that such corporation shall be eligible pursuant to Section 10.1; and provided further that such Trustee shall mail notice of such merger or consolidation to the Transferor and the Administrator.

Merger or Consolidation of a Trustee. Any corporation Person into which a Trustee may be merged or converted or with which it may be consolidated, or any corporation Person resulting from any merger, conversion or consolidation to which the such Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the such Trustee, shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the successor of such Trustee hereunder; provided provided, that such corporation Person shall be eligible pursuant to Section 10.1; and provided provided, further that such Trustee shall mail notice of such merger or consolidation to the Transferor Seller, the Administrator and the AdministratorRating Agencies.

Merger or Consolidation of a Trustee. Any corporation into which a Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the such Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the such Trustee, shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the successor of such Trustee hereunder; provided that such corporation shall be eligible pursuant to Section 10.1; and provided further that such Trustee shall mail notice of such merger or consolidation to the Transferor Transferor, the Administrator and the AdministratorRating Agencies.