Common use of Successor Indenture Trustee by Xxxxxx Clause in Contracts

Successor Indenture Trustee by Xxxxxx. (a) 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, that such corporation or banking association must be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator and the Depositor with prior written notice of any such transaction.

Appears in 66 contracts

Samples: Indenture (CarMax Auto Owner Trust 2024-3), Indenture (Carmax Auto Funding LLC), Indenture (CarMax Auto Owner Trust 2024-2)

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Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Servicer (and the Servicer shall provide to the Rating Agencies, the Administrator and the Depositor with ) prior written notice of any such transaction.

Appears in 35 contracts

Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2023-A)

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association association, without any further act act, shall be the successor Indenture Trustee; provided, however, that such corporation or banking association must be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating AgenciesDepositor, the Administrator Servicer and the Depositor with Rating Agencies prior written notice of any such transaction.

Appears in 31 contracts

Samples: Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Daimler Trucks Retail Trust 2024-1), Indenture (Mercedes-Benz Auto Receivables Trust 2023-2)

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator and the Depositor with prior written notice of any such transaction.

Appears in 15 contracts

Samples: Indenture (CarMax Auto Owner Trust 2016-1), Indenture (CarMax Auto Owner Trust 2016-1), Trust Agreement (CarMax Auto Owner Trust 2015-4)

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator and the Depositor Agencies with prior written notice of any such transaction.

Appears in 10 contracts

Samples: Indenture (CarMax Auto Owner Trust 2004-2), Indenture (CarMax Auto Owner Trust 2004-1), Indenture (Carmax Auto Owner Trust 2005-3)

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator Administrator[, the Swap Counterparty] and the Depositor with prior written notice of any such transaction.

Appears in 2 contracts

Samples: Carmax Auto Funding LLC, Carmax Auto Funding LLC

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator Agencies and the Depositor with prior written notice of any such transaction.

Appears in 2 contracts

Samples: Indenture (CarMax Auto Owner Trust 2010-2), Indenture (CarMax Auto Owner Trust 2009-1)

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must be otherwise qualified and eligible under Section Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator and the Depositor with prior written notice of any such transaction.

Appears in 2 contracts

Samples: Indenture (CarMax Auto Owner Trust 2012-2), Indenture (CarMax Auto Owner Trust 2012-1)

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Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers or sells all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator and the Depositor with prior written notice of any such transaction.

Appears in 1 contract

Samples: Indenture (New Residential Investment Corp.)

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or -------- ------- banking association must be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator and the Depositor Agencies with prior written notice of any such transaction.

Appears in 1 contract

Samples: Pooled Auto Securities Shelf LLC

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business or assets to to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association corporation, without any further act act, shall be the successor Indenture Trustee; provided, however, that such corporation or banking association must shall be otherwise qualified and eligible under Section 6.116.11 hereof. The Indenture Trustee shall provide the Rating Agencies, the Administrator Issuer and the Depositor Noteholders with prior prompt written notice of any after such transactionmerger, conversion or transfer.

Appears in 1 contract

Samples: New York Mortgage Trust Inc

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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 such corporation or banking association must be is otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator Agencies and the Depositor each Series Enhancer with prior written notice of any such transaction.

Appears in 1 contract

Samples: Master Indenture (PHH Corp)

Successor Indenture Trustee by Xxxxxx. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to 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, that such corporation or banking association must shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies, the Administrator and the Depositor Agencies with prior written notice of any such transaction.

Appears in 1 contract

Samples: Indenture (Mmca Auto Receivables Trust)

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