Common use of Merger or Consolidation Transfer of Assets Clause in Contracts

Merger or Consolidation Transfer of Assets. If the Administrative Agent merges or consolidates with, or transfers its corporate trust business or assets to, any Person, the resulting, surviving or transferee Person will be the successor Administrative Agent so long as that Person is qualified and eligible under Section 8.9. The Administrative Agent will promptly notify the Borrowers, the Collateral Agent and the Lender of the succession.