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

Merger or Consolidation of, or Assumption. of the Obligations of, the Servicer or the Company. Any entity into which the Servicer or Company may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Servicer or the Company shall be a party, or any corporation succeeding to the business of the Servicer or the Company, shall be the successor of the Servicer or the Company, 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 7.02 with respect to the qualifications of a successor Servicer.

Merger or Consolidation of, or Assumption. of the Obligations of, the Servicer or the CompanyDepositor. Any entity into which the Servicer or Company Depositor may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Servicer or the Company Depositor shall be a party, or any corporation succeeding to the business of the Servicer or the CompanyDepositor, shall be the successor of the Servicer or the CompanyDepositor, 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 7.02 with respect to the qualifications of a successor Servicer.

Merger or Consolidation of, or Assumption. of the Obligations of, the Servicer or the CompanyDepositor. Any entity into which the Servicer or Company Depositor may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Servicer or the Company Depositor shall be a party, or any corporation succeeding to the business of the Servicer or the CompanyDepositor, shall be the successor of the Servicer or the CompanyDepositor, 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 7.02 6.02 with respect to the qualifications of a successor Servicer.