Merger or Consolidation of the Subservicer. The Subservicer may be merged or consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which the Subservicer shall be a party, or any Person succeeding to the business of the Subservicer, shall be the successor of the Subservicer, 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 hereof, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Subservicer shall be qualified to act as a subservicer in accordance with Section 8.03 of the Pooling Agreements.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)
Merger or Consolidation of the Subservicer. The Subservicer may be merged or consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which the Subservicer shall be a party, or any Person succeeding to the business of the Subservicer, shall be the successor of the Subservicer, 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 hereof, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Subservicer shall be qualified to act as a subservicer in accordance with Section 8.03 of the Pooling Agreements.8.03
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contifinancial Corp)
