Common use of Notice of Merger or Consolidation of Trust Clause in Contracts

Notice of Merger or Consolidation of Trust. AmeriCredit (i) shall promptly inform Financial Security in writing of the occurrence of (a) the Trust consolidating or merging with or into any other Person or (b) the Trust conveying or transferring all or substantially all of its properties or assets, including those included in the Trust Estate, to any Person, as set forth in Section 3.10 of the Indenture; and (ii) shall obtain the necessary consents of Financial Security to effect such actions.

Appears in 6 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F), Insurance and Indemnity Agreement (Americredit Automobile Receivables Trust 2005-C-F), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F)

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