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

Merger or Consolidation of Indenture Trustee. (a) Any Person into which the Indenture Trustee may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee under this Indenture; provided, -------- however, that such Person shall be eligible under the provisions of Section ------- 6.11, without the execution or filing of any instrument or any further act on the part of any of the parties to this Indenture, anything in this Indenture to the contrary notwithstanding. Following such merger or consolidation, the successor Indenture Trustee shall mail a notice of such merger or consolidation to each of the Rating Agencies.

Appears in 3 contracts

Samples: Indenture (Navistar Financial Retail Receivables Corporation), Servicing Agreement (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation

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Merger or Consolidation of Indenture Trustee. (a) Any Person into which the Indenture Trustee may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee under this Indenture; provided, -------- however, that such Person shall be eligible under the provisions of Section ------- 6.11, without the execution or filing of any instrument or any further act on the part of any of the parties to this Indenture, anything in this Indenture to the contrary notwithstanding. Following such merger or consolidation, the successor Indenture Trustee shall mail a notice of such merger or consolidation to each of the Rating Agencies.

Appears in 3 contracts

Samples: Indenture (Navistar Financial Retail Receivables Corporation), Indenture (Navistar Financial Retail Receivables Corporation), Navistar Financial Retail Receivables Corporation

Merger or Consolidation of Indenture Trustee. (a) Any Person corporation into which the Indenture Trustee may be merged or with which it may be consolidated, or any Person corporation resulting from any merger or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee under this Indenture; providedPROVIDED, -------- howeverHOWEVER, that such Person corporation shall be eligible under the provisions of Section ------- 6.11, without the execution or filing of any instrument or any further act on the part of any of the parties to this Indenture, anything in this Indenture to the contrary notwithstanding. Following such merger or consolidation, the successor Indenture Trustee shall mail a notice of such merger or consolidation to each of the Rating Agencies.

Appears in 2 contracts

Samples: Exhibit 99 (First Security Auto Owner Trust 1999 1), First Security Bank Na

Merger or Consolidation of Indenture Trustee. (a) Any Person corporation into which the Indenture Trustee may be merged or with which it may be consolidated, or any Person corporation resulting from any merger or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee under this Indenture; provided, -------- however, that such Person corporation shall be eligible under the provisions of Section ------- 6.11, without the execution or filing of any instrument or any further act on the part of any of the parties to this Indenture, anything in this Indenture to the contrary notwithstanding. Following such merger or consolidation, the successor Indenture Trustee shall mail a notice of such merger or consolidation to each of the Rating Agencies.

Appears in 2 contracts

Samples: Indenture (First Security Bank Na), Navistar Financial Retail Receivables Corporation

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Merger or Consolidation of Indenture Trustee. (a) Any Person corporation into which the Indenture Trustee may be merged or with which it may be consolidated, or any Person corporation resulting from any merger or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee under this Indenture; provided, -------- however, that such Person corporation shall be eligible under the provisions of Section ------- 6.11, without the execution or filing of any instrument or any further act on the part of any of the parties to this Indenture, anything in this Indenture to the contrary notwithstanding. Following such merger or consolidation, the successor Indenture Trustee shall mail a notice of such merger or consolidation to each of the Rating Agencies.

Appears in 1 contract

Samples: First Security Auto Owner Trust 1998-1

Merger or Consolidation of Indenture Trustee. (a) Any Person into which the Indenture Trustee may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee under this Indenture; provided, -------- however, that such Person shall be eligible under the provisions of Section ------- 6.11, without the execution or filing of any instrument or any further act on the part of any of the parties to this Indenture, anything in this Indenture to the contrary notwithstanding. Following such merger or consolidation, the successor Indenture Trustee shall mail a notice of such merger or consolidation to each of the Rating Agencies.

Appears in 1 contract

Samples: Indenture (Navistar Financial Retail Receivables Corporation)

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