Merger or Consolidation of,. or Assumption of the Obligations of, the Master Servicer or the Depositor. Any corporation into which the Master Servicer or Depositor may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Master Servicer or the Depositor shall be a party, or any corporation succeeding to the business of the Master Servicer or the Depositor, shall be the successor of the Master Servicer or the Depositor, 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 hereto so long as such entity is investment grade rated, anything herein to the contrary notwithstanding.
Appears in 5 contracts
Samples: Sale and Servicing Agreement (HSBC Home Equity Loan Trust 2005-2), Sale and Servicing Agreement (HFC Revolving Corp Household Home Equity Loan Trust 2004-1), Sale and Servicing Agreement (HSBC Home Equity Loan Trust 2005-3)
