Common use of Merger or Consolidation of Trustee or Trust Administrator Clause in Contracts

Merger or Consolidation of Trustee or Trust Administrator. Any entity into which the Trustee or the Trust Administrator may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Trustee or the Trust Administrator shall be a party, or any entity succeeding to the business of the Trustee or Trust Administrator, shall be the successor of the Trustee or the Trust Administrator hereunder, as applicable, provided such entity shall be eligible under the provisions of Section 8.06 and 8.08, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 13 contracts

Samples: Assignment and Recognition Agreement (MASTR Asset Backed Securities Trust 2006-He2), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Hl1), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc2)

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Merger or Consolidation of Trustee or Trust Administrator. Any corporation or other entity into which the Trustee or the Trust Administrator may be merged or converted or with which it may be consolidated, consolidated or any corporation or other entity resulting from any merger, conversion or consolidation to which the Trustee or the Trust Administrator shall be a party, or any corporation or other entity succeeding to the business of the Trustee or Trust Administrator, shall be the successor of the Trustee or the Trust Administrator hereunder, as applicable, provided that such corporation or other entity shall be eligible under the provisions of Section 8.06 and 8.08, hereof without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mastr Adjustable Rate Mortgages Trust 2001-1)

Merger or Consolidation of Trustee or Trust Administrator. Any entity corporation or association into which the Trustee or the Trust Administrator may be merged or converted or with which it may be consolidated, consolidated or any entity corporation or association resulting from any merger, conversion or consolidation to which the Trustee or the Trust Administrator shall be a party, or any entity corporation or association succeeding to the business of the Trustee or the Trust Administrator, shall be the successor of the Trustee or the Trust Administrator hereunderAdministrator, as applicable, hereunder, provided such entity corporation or association shall be eligible under the provisions of Section 8.06 and 8.088.06, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2003-B Asset Backed Certs)

Merger or Consolidation of Trustee or Trust Administrator. Any entity into which the Trustee or the Trust Administrator may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Trustee or the Trust Administrator shall be a party, or any entity succeeding to the business of the Trustee or Trust Administrator, shall be the successor of the Trustee or the Trust Administrator hereunder, as applicable, provided such entity shall be eligible under the provisions of Section 8.06 9.06 and 8.089.08, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Fremont Home Loan Trust 2003 A)

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Merger or Consolidation of Trustee or Trust Administrator. Any entity into which the Trustee or the Trust Administrator may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Trustee or the Trust Administrator shall be a party, or any entity succeeding to the business of the Trustee or Trust Administrator, shall be the successor of the Trustee or the Trust Administrator hereunder, as applicable, provided such entity shall be eligible 142 under the provisions of Section 8.06 9.06 and 8.089.08, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2004-B)

Merger or Consolidation of Trustee or Trust Administrator. Any entity corporation or association into which the Trustee or the Trust Administrator may be merged or converted or with which it may be consolidated, consolidated or any entity corporation or association resulting from any merger, conversion or consolidation to which the Trustee or the Trust Administrator shall be a party, or any entity corporation or association succeeding to the business of the Trustee or the Trust Administrator, shall be the successor of the Trustee or the Trust Administrator hereunder, as applicable, provided such entity corporation or association shall be eligible under the provisions of Section 8.06 and 8.088.06, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

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