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

Merger or Consolidation of Indenture Trustee. Any Person into which the Indenture Trustee may be merged or converted or with which it may be consolidated or any corporation or banking association resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any corporation or bank succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee hereunder, provided such corporation or bank 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. Written notice of any such merger or consolidation shall be given to the Note Insurer.

Appears in 2 contracts

Samples: Default And (Afc Mortgage Loan Asset Backed Notes Series 2000-1), Indenture (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3)

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Merger or Consolidation of Indenture Trustee. Any Person into which the Indenture Trustee may be merged or converted or with which it may be consolidated or any corporation or banking association resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any corporation or bank succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee hereunder, provided such corporation or bank 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. Written Prior written notice of any such merger or consolidation shall be given to the Note Insurer.

Appears in 1 contract

Samples: Indenture (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2)

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Merger or Consolidation of Indenture Trustee. Any Person corporation or other entity into which the Indenture Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation or banking association other entity resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any corporation or bank other entity succeeding to all or substantially all of the corporate trust business of the Indenture Trustee, shall be the successor of the Indenture Trustee hereunder, provided such corporation or bank other entity shall be eligible under the provisions of Section 6.067.7 hereof, 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. Written notice of any such merger or consolidation shall be given to the Note Insurer.55

Appears in 1 contract

Samples: Note Funding Agreement (BBX Capital Corp)

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