Common use of Merger or Consolidation of the Depositor Clause in Contracts

Merger or Consolidation of the Depositor. (a) The Depositor will keep in full effect its existence, rights and franchises as a corporation, under the laws of the United States or under the laws of one of the states thereof and will each obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its respective duties under this Agreement.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (HASCO Trust 2007-He2), Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2), Pooling and Servicing Agreement (Hsi Asset Securitization Corp)

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Merger or Consolidation of the Depositor. (a) The Depositor will shall keep in full effect its existence, rights and franchises as a corporation, corporation under the laws of the United States or under the laws of one of the states thereof and will each shall obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its respective duties under this Agreement.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (First NLC Securitization, Inc.), Pooling and Servicing Agreement (First NLC Securitization, Inc.), Pooling and Servicing Agreement (FBR Securitization, Inc.)

Merger or Consolidation of the Depositor. (a) The Depositor will shall keep in full effect its existence, rights and franchises as a corporation, corporation under the laws of the United States or under the laws of one of the states thereof and will each shall obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its respective duties under this Agreement.. 176

Appears in 1 contract

Samples: Pooling Agreement (Luminent Mortgage Trust 2006-7)

Merger or Consolidation of the Depositor. (a) The Subject to the following paragraph, the Depositor will keep in full effect its existence, rights and franchises as a corporation, corporation under the laws of the United States or under the laws jurisdiction of one of the states thereof its incorporation and will each obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans Term Assets and to perform its respective duties under this Agreement.

Appears in 1 contract

Samples: Base Trust Agreement (Prudential Securities Structured Assets Inc)

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Merger or Consolidation of the Depositor. (aix) The Depositor will keep in full effect its existence, rights and franchises as a corporation, under the laws of the United States or under the laws of one of the states thereof and will each obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its respective duties under this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Hsi Asset Securitization Corp)

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