Merger or Consolidation of Interim Trustee. Any corporation into which the Interim 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 Interim Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Interim 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 Interim Trustee hereunder; provided that such corporation or banking association shall be eligible pursuant to Section 8.1.
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Samples: Interim Trust Agreement (SLM Private Credit Student Loan Trust 2006-B), Interim Trust Agreement (SLM Private Credit Student Loan Trust 2007-A), Interim Trust Agreement (SLM Private Credit Student Loan Trust 2006-C)
Merger or Consolidation of Interim Trustee. Any corporation into which the Interim 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 Interim Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Interim 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 Interim Trustee hereunder; hereunder; provided that such corporation or banking association shall be eligible pursuant to Section 8.1.
Appears in 1 contract
Samples: Interim Trust Agreement
Merger or Consolidation of Interim Trustee. Any corporation into which the Interim 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 Interim Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Interim 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 Interim Trustee hereunder; provided provided, that such corporation or banking association shall be eligible pursuant to Section 8.18.01.
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Samples: Interim Trust Agreement (Nelnet Inc)