Common use of Merger or Consolidation of Owner Trustee or Delaware Trustee Clause in Contracts

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation into which the Owner Trustee or the Delaware Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee or the Delaware Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee or the Delaware Trustee, shall be the successor of the Owner Trustee or the Delaware Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.1, 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; provided, further, that the Owner Trustee or the Delaware Trustee, as applicable, shall mail notice of such merger or consolidation to the Rating Agencies, the Depositor and the Master Servicer.

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation into which the Owner Trustee or the Delaware Trustee may be merged or converted or with which it either may be consolidated, consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee or the Delaware Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee or the Delaware Trustee, shall be the successor of the Owner Trustee or Delaware Trustee, as the Delaware Trustee case may be, hereunder, provided such corporation shall be eligible pursuant to Section 10.110.1 above, 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; provided, further, provided further that the Owner Trustee or the Delaware Trustee, as applicablethe case may be, shall mail notice of such merger or consolidation to the Depositor, the Co-Trustee, HFC, the Insurer and the Rating Agencies, the Depositor and the Master Servicer.

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation into which the Owner Trustee or the Delaware Trustee may be merged or converted or with which it either may be consolidated, consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee or the Delaware Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee or the Delaware Trustee, shall be the successor of the Owner Trustee or Delaware Trustee, as the Delaware Trustee case may be, hereunder, provided such corporation shall be eligible pursuant to Section 10.110.1 above, 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; provided, further, provided further that the Owner Trustee or the Delaware Trustee, as applicablethe case may be, shall mail notice of such merger or consolidation to the Depositor, the Co-Trustee, HFC and the Rating Agencies, the Depositor and the Master Servicer.

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation Person into which the Owner Trustee or the Delaware Trustee may be merged or converted or with which it either may be consolidated, consolidated or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee or the Delaware Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee or the Delaware Trustee, shall be the successor of the Owner Trustee or Delaware Trustee, as the Delaware Trustee case may be, hereunder, provided such corporation Person shall be eligible pursuant to Section 10.110.1 above, 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; providedprovided further that, further, that the Owner Trustee or the Delaware Trustee, as applicablethe case may be, shall mail notice of such merger or consolidation to the Depositor, the Co-Trustee, HFC and the Rating Agencies, the Depositor and the Master Servicer.

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation into which the Owner Trustee or the Delaware Trustee may be 29 merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee or the Delaware Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee or the Delaware Trustee, shall be the successor of the Owner Trustee or the Delaware Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.1, 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; provided, further, provided further that the Owner Trustee or the Delaware Trustee, as applicable, shall mail notice of such merger or consolidation to the Rating Agencies, the Depositor and the Master Servicer.

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation Person into which the Owner Trustee or the Delaware Trustee may be merged or converted or with which it either may be consolidated, consolidated or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee or the Delaware Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee or the Delaware Trustee, shall be the successor of the Owner Trustee or Delaware Trustee, as the Delaware Trustee case may be, hereunder, provided such corporation Person shall be eligible pursuant to Section 10.110.1 above, 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; provided, further, provided further that the Owner Trustee or the Delaware Trustee, as applicablethe case may be, shall mail notice of such merger or consolidation to the Depositor, the Co-Trustee, HSBC Finance and the Rating Agencies, the Depositor and the Master Servicer.

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation Person into which the Owner Trustee or the Delaware Trustee may be merged or converted or with which it either may be consolidated, consolidated or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee or the Delaware Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee or the Delaware Trustee, shall be the successor of the Owner Trustee or Delaware Trustee, as the Delaware Trustee case may be, hereunder, provided such corporation Person shall be eligible pursuant to Section 10.110.1 above, 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; provided, further, provided further that the Owner Trustee or the Delaware Trustee, as applicablethe case may be, shall mail notice of such merger or consolidation to the Depositor, the Co-Trustee, HFC and the Rating Agencies, the Depositor and the Master Servicer.