Common use of Successor Indenture Trustee by Merger Clause in Contracts

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 shall be the successor Indenture Trustee if it is otherwise eligible under Section 6.08 without any further act on the part of anyone. The Indenture Trustee shall provide the Credit Enhancer and each Rating Agency notice of any such transaction. If any of the Notes have been authenticated but not delivered when the successor Indenture Trustee takes over, it may adopt the certificate of authentication of any predecessor Indenture Trustee and deliver the authenticated Notes with the same effect as if it had authenticated the Notes. At least 15 calendar days before the effective date of any merger or consolidation of the Indenture Trustee, the Indenture Trustee will provide (x) written notice to the Depositor of any successor pursuant to this Section and (y) in writing and in form and substance reasonably satisfactory to the Depositor, all information reasonably requested by the Depositor in order to comply with the Depositor's reporting obligation under Item 6.02 of Form 8-K with respect to a replacement Indenture Trustee.

Appears in 8 contracts

Samples: Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2007-B), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2006-G), Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2006-B)

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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 shall be the successor Indenture Trustee if it is otherwise eligible under Section 6.08 without any further act on the part of anyone. The Indenture Trustee shall provide the Credit Enhancer and each Rating Agency notice of any such transaction. If any of the Notes have been authenticated but not delivered when the successor Indenture Trustee takes over, it may adopt the certificate of authentication of any predecessor Indenture Trustee and deliver the authenticated Notes with the same effect as if it had authenticated the Notes. At least 15 calendar days before the effective date of any merger or consolidation of the Indenture Trustee, the Indenture Trustee will provide (x) written notice to the Depositor of any successor pursuant to this Section and (y) in writing and in form and substance reasonably satisfactory to the Depositor, all information reasonably requested by the Depositor in order to comply with the Depositor's reporting obligation under Item 6.02 of Form 8-K with respect to a replacement Indenture Trustee.

Appears in 1 contract

Samples: Indenture (CWHEQ Revolving Home Equity Loan Trust, Series 2006-A)

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 shall be the successor Indenture Trustee if it is otherwise eligible under Section 6.08 without any further act on the part of anyone. The Indenture Trustee shall provide the Credit Enhancer and each Rating Agency notice of any such transaction. If any of the Notes have been authenticated but not delivered when the successor Indenture Trustee takes over, it may adopt the certificate of authentication of any predecessor Indenture Trustee and deliver the authenticated Notes with the same effect as if it had authenticated the Notes. At As a condition to the effectiveness of any merger or consolidation, at least 15 calendar days before prior to the effective date of any merger or consolidation of the Indenture indenture Trustee, the Indenture Trustee will provide (x) written notice to the Depositor of any successor pursuant to this Section and (y) in writing and in form and substance reasonably satisfactory to the Depositor, all information reasonably requested by the Depositor in order to comply with the Depositor's its reporting obligation under Item 6.02 of Form 8-K with respect to a replacement Indenture Trustee.

Appears in 1 contract

Samples: Indenture (CWHEQ, Inc.)

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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 shall be the successor Indenture Trustee if it is otherwise eligible under Section 6.08 without any further act on the part of anyone. The Indenture Trustee shall provide the Credit Enhancer and each Rating Agency notice of any such transaction. If any of the Notes have been authenticated but not delivered when the successor Indenture Trustee takes over, it may adopt the certificate of authentication of any predecessor Indenture Trustee and deliver the authenticated Notes with the same effect as if it had authenticated the Notes. At As a condition to the effectiveness of any merger or consolidation, [at least 15 calendar days before the effective date of of] any merger or consolidation of the Indenture Trustee, the Indenture Trustee will provide (x) written notice to the Depositor of any successor pursuant to this Section and (y) in writing and in form and substance reasonably satisfactory to the Depositor, all information reasonably requested by the Depositor in order to comply with the Depositor's its reporting obligation under Item 6.02 of Form 8-K with respect to a replacement Indenture Trustee.

Appears in 1 contract

Samples: Indenture (CWHEQ, Inc.)

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