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, HOWEVER, that such corporation shall be eligible pursuant to Section 10.01; and PROVIDED, FURTHER, that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the Rating Agencies not less than 10 Business Days prior to the closing date of such merger or consolidation.

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, HOWEVER, PROVIDED that such corporation shall be eligible pursuant to Section 10.01; and PROVIDED, FURTHER, PROVIDED FURTHER that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the Rating Agencies and any Swap Counterparties not less than 10 [ ] Business Days prior to the closing date of such merger or consolidation.

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, HOWEVER, provided that such corporation shall be eligible pursuant to Section 10.01; and PROVIDED, FURTHER, provided further that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the Rating Agencies Agencies, the Subordinate Note Insurer and the Swap Counterparty not less than 10 Business Days prior to the closing date of such merger or consolidation.

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, HOWEVER, PROVIDED that such corporation shall be eligible pursuant to Section 10.01; and PROVIDED, FURTHER, PROVIDED FURTHER that the Eligible Lender Trustee shall mail notice of such merger or consolidation to the Rating Agencies not less than 10 Business Days prior to the closing date of such merger or consolidation.