Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, however, that if such successor Indenture Trustee is not eligible under Section 6.11, then the successor Indenture Trustee shall be replaced in accordance with Section 6.
Appears in 6 contracts
Samples: Indenture (Comed Funding LLC), Indenture (Illinois Power Securitization Limited Liability Co), Indenture (Comed Funding LLC)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDEDprovided, however, that if such successor Indenture Trustee is not eligible under Section 6.11, then the successor Indenture Trustee shall be replaced in accordance with Section 6.
Appears in 4 contracts
Samples: Indenture (Oncor Electric Delivery Transition Bond Co LLC), Indenture (Oncor Electric Delivery Transition Bond Co LLC), Indenture (Oncor Electric Delivery Transition Bond Co LLC)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, however, provided that if such successor Indenture Trustee corporation or banking association is not otherwise qualified and eligible under Section 6.11, then the successor . The Indenture Trustee shall be replaced in accordance provide the Rating Agencies and each Series Enhancer with Section 6prior written notice of any such transaction.
Appears in 3 contracts
Samples: Omnibus Amendment (Domus Holdings Corp), Omnibus Amendment (Realogy Corp), Omnibus Amendment (NRT Settlement Services of Missouri LLC)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, howeverprovided, that if such successor Indenture Trustee is not corporation or banking association shall be qualified and eligible under Section 6.11, then the successor Indenture Trustee shall be replaced in accordance with Section 66.12.
Appears in 3 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2021-C), Indenture (Hyundai Auto Receivables Trust 2021-C), Indenture (Hyundai Auto Receivables Trust 2015-C)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Indenture Trustee; PROVIDED, however, PROVIDED that if such successor Indenture Trustee is not corporation or banking association shall be otherwise qualified and eligible under Section 6.11, then the successor Indenture Trustee shall be replaced in accordance with Section SECTION 6.
Appears in 2 contracts
Samples: Master Indenture (Compucredit Corp), Master Indenture (Compucredit Corp)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, howeverprovided, that if such successor Indenture Trustee is not corporation or banking association shall be otherwise qualified and eligible under Section 6.11, then the successor . The Indenture Trustee shall be replaced in accordance with Section 6provide each Rating Agency prior written notice of any such transaction.
Appears in 2 contracts
Samples: Indenture (Fieldstone Mortgage Investment CORP), Indenture (Fieldstone Mortgage Investment CORP)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, however, that if such successor Indenture Trustee is not corporation or banking association shall be otherwise qualified and eligible under Section 6.11, then the successor Indenture Trustee shall be replaced in accordance with Section SECTION 6.
Appears in 1 contract
Samples: Indenture (Bluegreen Corp)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, however, PROVIDED that if such successor Indenture Trustee corporation or banking association is not otherwise qualified and eligible under Section 6.11, then the successor . The Indenture Trustee shall be replaced in accordance provide the Rating Agencies and each Series Enhancer with Section 6prior written notice of any such transaction.
Appears in 1 contract
Samples: Master Indenture (PHH Corp)
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, howeverprovided, that if such successor Indenture Trustee is not corporation or banking association shall be otherwise qualified and eligible under Section 6.11, then the successor . The Indenture Trustee shall be replaced in accordance with Section 6provide the Rating Agencies prior written notice of any such transaction.
Appears in 1 contract
Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; PROVIDED, however, provided that if such successor Indenture Trustee is not corporation or banking association shall be otherwise qualified and eligible under Section 6.11, then the successor Indenture Trustee shall be replaced in accordance with Section 6.-38- 45
Appears in 1 contract
