Common use of Merger or Consolidation of Eligible Lender Trustee Clause in Contracts

Merger or Consolidation of Eligible Lender Trustee. Any corporation into which the Eligible Lender 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 Eligible Lender Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Eligible Lender 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 the Eligible Lender Trustee hereunder; provided that such corporation shall be eligible pursuant to Section 10.1; provided further that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the Depositor.

Appears in 4 contracts

Samples: Trust Agreement (Crestar Bank /Va), Trust Agreement (Crestar Bank /Va), Trust Agreement (PNC Bank National Association/)

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Merger or Consolidation of Eligible Lender Trustee. Any corporation into which the Eligible Lender 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 Eligible Lender Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Eligible Lender 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 the Eligible Lender Trustee hereunder; provided that such corporation shall be eligible pursuant to Section 10.110.01; provided further that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the DepositorRating Agencies.

Appears in 1 contract

Samples: Trust Agreement (Key Bank Usa National Association)

Merger or Consolidation of Eligible Lender Trustee. Any corporation into which the Eligible Lender 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 Eligible Lender Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Eligible Lender 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 the Eligible Lender Trustee hereunder; provided that such corporation shall be eligible pursuant to Section 10.1; and provided further that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the Depositor.merger

Appears in 1 contract

Samples: Trust Agreement (SLM Funding Corp)

Merger or Consolidation of Eligible Lender Trustee. Any corporation into which the Eligible Lender 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 Eligible Lender Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Eligible Lender 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 the Eligible Lender Trustee hereunder; provided PROVIDED that such corporation shall be eligible pursuant to Section 10.1; provided further PROVIDED FURTHER that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the DepositorSurety Provider and to the Rating Agencies.

Appears in 1 contract

Samples: Trust Agreement (Transworld Insurance Co)

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Merger or Consolidation of Eligible Lender Trustee. Any corporation into which the Eligible Lender 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 Eligible Lender Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Eligible Lender 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 the Eligible Lender Trustee hereunder; provided PROVIDED that such corporation shall be eligible pursuant to Section 10.110.01; provided further PROVIDED FURTHER that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the DepositorRating Agencies.

Appears in 1 contract

Samples: Trust Agreement (Key Bank Usa National Association)

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