Common use of Merger or Consolidation of the Trustor or the Administrative Agent Clause in Contracts

Merger or Consolidation of the Trustor or the Administrative Agent. (a) Subject to the following paragraph, the Trustor will keep in full effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its incorporation, and the Administrative Agent, if any, will keep in full effect its existence, rights and franchises under the laws of the jurisdiction of its incorporation or association. The Trustor and the Administrative Agent, if any, each will obtain and preserve its qualification to do business as a foreign corporation or association 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 Underlying Securities and to perform its respective duties under this Agreement. (b) The Trustor and an Administrative Agent, if any, may consolidate or merge with or into any other Person, provided that:

Appears in 2 contracts

Samples: Base Trust Agreement (Synthetic Fixed Income Securities Inc), Trust Agreement (Synthetic Fixed Income Securities Inc)

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Merger or Consolidation of the Trustor or the Administrative Agent. (a) Subject to the following paragraph, the Trustor will keep in full effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its incorporation, and the Administrative Agent, if any, will keep in full effect its existence, rights and franchises under the laws of the jurisdiction of its incorporation or association. The Trustor and the Administrative Agent, if any, each will obtain and preserve its qualification to do business as a foreign corporation or association 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 Underlying Securities and to perform its respective duties under this Agreement. (b) The Trustor and an Administrative Agent, if any, may consolidate or merge with or into any other Person, provided that:.

Appears in 2 contracts

Samples: Base Trust Agreement (Structured Products Corp), Base Trust Agreement (Synthetic Fixed Income Securities Inc)

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Merger or Consolidation of the Trustor or the Administrative Agent. (a) Subject a)Subject to the following paragraph, the Trustor will keep in full effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its incorporation, and the Administrative Agent, if any, will keep in full effect its existence, rights and franchises under the laws of the jurisdiction of its incorporation or association. The Trustor and the Administrative Agent, if any, each will obtain and preserve its qualification to do business as a foreign corporation or association 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 Underlying Securities and to perform its respective duties under this Agreement. (b) The Trustor and an Administrative Agent, if any, may consolidate or merge with or into any other Person, provided that:.

Appears in 1 contract

Samples: Base Trust Agreement (STRATS(SM) Trust for Procter & Gamble Securities, Series 2006-1)

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