Common use of Merger or Consolidation of, or Assumption of the Obligations of, the Master Servicer or the Depositor Clause in Contracts

Merger or Consolidation of, or Assumption of the Obligations of, the Master Servicer or the Depositor. Any entity into which the Master Servicer or Depositor may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Master Servicer or the Depositor shall be a party, or any corporation succeeding to the business of the Master Servicer or the Depositor, shall be the successor of the Master Servicer or the Depositor, as the case may be, hereunder, 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; provided, however, that the successor master servicer shall satisfy all the requirements of Section 7.02 with respect to the qualifications of a successor master servicer. In addition, the Master Servicer may assign the servicing rights with respect to any Mortgage Loans to a third party, provided that any such third party shall be an entity that satisfies all the requirements of Section 7.02 that would be applicable to a successor master servicer.