Common use of Merger or Consolidation of Administrator Clause in Contracts

Merger or Consolidation of Administrator. Any corporation into which the Administrator 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 Administrator shall be a party, or any corporation succeeding to all or substantially all of the business of the Administrator, shall be the successor of the Administrator hereunder, provided that such corporation shall be eligible under the provisions of Section 8.17, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The Administrator shall provide to the Depositor and the Servicer within two business days following the effective date of any such merger or consolidation, written notice, in form and substance typically issued by the Administrator for such purpose, containing all information reasonably required in order for the Depositor to comply with its reporting obligation under Form 8-K with respect to a replacement administrator.