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 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 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 Delaware 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 Owner Trustee or Delaware Trustee hereunder; provided that such corporation shall be eligible pursuant to Section 10.1; and provided further, that (i) the Owner Trustee or Delaware Trustee shall mail notice of such merger or consolidation to the Rating Agencies not less than fifteen (15) days prior to the effective date thereof and (ii) the Delaware Trustee shall file an amendment to the Certificate of Trust as required by Section 10.3.

Merger or Consolidation of Owner Trustee or Delaware Trustee. Any corporation into which the Owner Trustee or 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 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 Delaware 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 Owner Trustee or Delaware Trustee hereunderhere under; provided that such corporation shall be eligible pursuant to Section 10.1; and provided further, that (i) the Owner Trustee or Delaware Trustee shall mail notice of such merger or consolidation to the Rating Agencies not less than fifteen (15) days prior to the effective date thereof and (ii) the Delaware Trustee shall file an amendment to the Certificate of Trust as required by Section 10.3.