Common use of Merger or Consolidation of, or Assumption Clause in Contracts

Merger or Consolidation of, or Assumption. of the Obligations of, the Depositor, the Seller or the Servicer. Any corporation into which the Seller, the Depositor or the Servicer may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller, the Depositor or the Servicer shall be a party, or any corporation succeeding to the business of the Seller, the Depositor or the Servicer, shall be the successor of the Seller, the Depositor or the Servicer, 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 Servicer shall satisfy all the requirements of Section 8.02 with respect to the qualifications of a Successor Servicer.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2004-4), Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2004-2), Pooling and Servicing Agreement (Renaissance Mort Accept Corp Home Equity Ln as Bk Ce Se 03-3)

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Merger or Consolidation of, or Assumption. of the Obligations of, the Depositor, the Seller or the Servicer. Any corporation into which the Seller, the Depositor or the Servicer may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller, the Depositor or the Servicer shall be a party, or any corporation succeeding to the business of the Seller, the Depositor or the Servicer, shall be the successor of the Seller, the Depositor or the Servicer, 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 successor Servicer shall satisfy all the requirements of Section 8.02 with respect to the qualifications of a Successor successor Servicer.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Renaissance Mort Accept Corp Home Eq Ln as Bk Cer Se 03 1), Custodial Agreement (Renaissance Home Equity Loan Tr Asset BKD Cer Ser 2002-4), Custodial Agreement (Renaissance Mortgage Acceptance Corp)

Merger or Consolidation of, or Assumption. of the Obligations of, the DepositorSeller, the Seller Servicer or the ServicerDepositor. Any corporation entity into which the Seller, the Depositor Servicer or the Servicer Depositor may be merged or consolidated, or any corporation entity resulting from any merger, conversion or consolidation to which the Seller, the Depositor Servicer or the Servicer Depositor shall be a party, or any corporation succeeding to the business of the Seller, the Depositor Servicer or the ServicerDepositor, shall be the successor of the Seller, the Depositor Servicer or the ServicerDepositor, 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, however that the Successor successor Servicer shall satisfy all the requirements of Section 8.02 7.02 with respect to the qualifications of a Successor successor Servicer.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (C-Bass 2007-Cb1 Trust), Pooling and Servicing Agreement (C-Bass 2006-Cb7 Trust), Pooling and Servicing Agreement (C-Bass 2007-Cb1 Trust)

Merger or Consolidation of, or Assumption. of the Obligations of, the DepositorSeller, the Seller Servicer or the ServicerDepositor. Any corporation entity into which the Seller, the Depositor Servicer or the Servicer Depositor may be merged or consolidated, or any corporation entity resulting from any merger, conversion or consolidation to which the Seller, the Depositor Servicer or the Servicer Depositor shall be a party, or any corporation succeeding to the business of the Seller, the Depositor Servicer or the ServicerDepositor, shall be the successor of the Seller, the Depositor Servicer or the ServicerDepositor, 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 successor Servicer shall satisfy all the requirements of Section 8.02 7.02 hereof with respect to the qualifications of a Successor successor Servicer.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Provident Funding Mortgage Pass-Through Cert Series 2003-1), Pooling and Servicing Agreement (HarborView Mortgage Loan Trust 2005-5), Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

Merger or Consolidation of, or Assumption. of the Obligations of, the DepositorSeller, the Seller Servicer or the ServicerDepositor. Any corporation into which the Seller, the Servicer or Depositor or the Servicer may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller, the Depositor Servicer or the Servicer Depositor shall be a party, or any corporation succeeding to the business of the Seller, the Depositor Servicer or the ServicerDepositor, shall be the successor of the Seller, the Depositor Servicer or the ServicerDepositor, 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 Servicer shall satisfy all the requirements of Section 8.02 with respect to the qualifications of a Successor Servicer.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp), Pooling and Servicing Agreement (Lehman Home Equity Loan Trust 2004-3), Pooling and Servicing Agreement (Lehman Abs Corp)

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Merger or Consolidation of, or Assumption. of the Obligations of, the DepositorSeller, the Seller Servicer or the ServicerDepositor. Any corporation into which the Seller, the Servicer or Depositor or the Servicer may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller, the Depositor Servicer or the Servicer Depositor shall be a party, or any corporation succeeding to the business of the Seller, the Depositor Servicer or the ServicerDepositor, shall be the successor of the Seller, the Depositor Servicer or the ServicerDepositor, 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 successor Servicer shall satisfy all the requirements of Section 8.02 7.02 with respect to the qualifications of a Successor successor Servicer, and shall be approved by the Insurer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Chec Funding LLC)

Merger or Consolidation of, or Assumption. of the Obligations of, the DepositorSeller, the Seller Servicer or the ServicerDepositor. Any corporation entity into which the Seller, the Depositor Servicer or the Servicer Depositor may be merged or consolidated, or any corporation entity resulting from any merger, conversion or consolidation to which the Seller, the Depositor Servicer or the Servicer Depositor shall be a party, or any corporation succeeding to the business of the Seller, the Depositor Servicer or the ServicerDepositor, shall be the successor of the Seller, the Depositor Servicer or the ServicerDepositor, 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 successor Servicer shall satisfy all the requirements of Section 8.02 7.02 with respect to the qualifications of a Successor successor Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Merger or Consolidation of, or Assumption. of the Obligations of, the DepositorSeller, the Seller Servicer or the ServicerDepositor. Any corporation entity into which the Seller, the Depositor Servicer or the Servicer Depositor may be merged or consolidated, or any corporation entity resulting from any merger, conversion or consolidation to which the Seller, the Depositor Servicer or the Servicer Depositor shall be a party, or any corporation succeeding to the business of the Seller, the Depositor Servicer or the ServicerDepositor, shall be the successor of the Seller, the Depositor Servicer or the ServicerDepositor, 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 successor Servicer shall satisfy all the requirements of Section 8.02 7.02 with respect to the qualifications of a Successor successor Servicer.. Back to Contents

Appears in 1 contract

Samples: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb6)

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