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

Merger or Consolidation of Grantor Trustee. Any Person into which the Grantor Trustee may be merged or converted or with which it may be consolidated, to which it may sell or transfer its corporate trust business and assets as a whole or substantially as a whole or any Person resulting from any merger, sale, transfer, conversion or consolidation to which the Grantor Trustee shall be a party, or any Person succeeding to the business of the Grantor Trustee, shall be the successor of the Grantor Trustee hereunder, provided that (i) such Person shall be eligible under the provisions of Section 6.06, 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, and (ii) the Grantor Trustee shall deliver an opinion of counsel to the Depositor to the effect that such merger, consolidation, sale or transfer will not subject the Grantor Trust to federal, state or local tax.