Common use of Merger or Consolidation of Grantor Trust Trustee Clause in Contracts

Merger or Consolidation of Grantor Trust Trustee. Any state bank or trust company or national banking association into which the Grantor Trust Trustee may be merged or converted or with which it may be consolidated or any state bank or trust company or national banking association resulting from any merger, conversion or consolidation to which the Grantor Trust Trustee shall be a party, or any state bank or trust company or national banking association succeeding to all or substantially all of the corporate trust business of the Grantor Trust Trusteeshall be the successor of the Grantor Trust Trustee hereunder, provided such state bank or trust company or national banking association shall be eligible under the provisions of Section 5.06. Such succession shall be valid 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 Grantor Trust Trustee shall mail notice of any such merger or consolidation to the Depositor and to the Grantor Trust Certificateholders at their address as shown in the Certificate Register.

Merger or Consolidation of Grantor Trust Trustee. Any state bank or trust company or national banking association into which the Grantor Trust Trustee may be merged or converted or with which it may be consolidated or any state bank or trust company or national banking association resulting from any merger, conversion or consolidation to which the Grantor Trust Trustee shall be a party, or any state bank or trust company or national banking association succeeding to all or substantially all of the corporate trust business of the Grantor Trust Trusteeshall Trustee shall be the successor of the Grantor Trust Trustee hereunder, provided such state bank or trust company or national banking association shall be eligible under the provisions of Section 5.06. Such succession shall be valid 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 Grantor Trust Trustee shall mail notice of any such merger or consolidation to the Depositor and to the Grantor Trust Certificateholders at their address as shown in the Certificate Register.