Common use of Successor Indenture Trustee by Xxxxxx Clause in Contracts

Successor Indenture Trustee by Xxxxxx. 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, that such corporation or banking association shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Depositor (who shall promptly provide such notice to the Rating Agencies) prior written notice of any such transaction (provided, that if the Indenture Trustee shall be a public company or a wholly-owned subsidiary of a public company, no earlier than at such time as the Indenture Trustee or such Affiliate is required to make such information public). Additionally, the Indenture Trustee shall provide the Depositor with written notice of the consummation of such transaction no later than one (1) Business Day after the effective date of such event, together with the information reasonably requested by the Depositor in order to comply with its reporting obligations under the Exchange Act with respect to a successor Indenture Trustee. In case at the time such successor or successors by merger, conversion or consolidation to the Indenture Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 7 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2024-A), Indenture (World Omni Auto Receivables Trust 2024-A), Indenture (World Omni Auto Receivables Trust 2023-B)

AutoNDA by SimpleDocs

Successor Indenture Trustee by Xxxxxx. 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, that however, that, if such corporation or banking association shall be otherwise qualified and successor Indenture Trustee is not eligible under Section 6.11. The Indenture Trustee shall provide , then the Depositor (who shall promptly provide such notice to the Rating Agencies) prior written notice of any such transaction (provided, that if the successor Indenture Trustee shall be a public company or a wholly-owned subsidiary replaced in accordance with Section 6.08. Notice of a public company, no earlier than at any such time as the Indenture Trustee or such Affiliate is required event shall be promptly given to make such information public). Additionally, the Indenture Trustee shall provide the Depositor with written notice of the consummation of such transaction no later than one (1) Business Day after the effective date of such event, together with the information reasonably requested each Rating Agency by the Depositor in order to comply with its reporting obligations under the Exchange Act with respect to a successor Indenture Trustee. In case at the time such successor or successors by merger, conversion conversion, consolidation or consolidation to the Indenture Trustee transfer shall succeed to the trusts created by this Indenture any of the Notes Deferred Fuel Cost Bonds shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee and deliver such Notes the Deferred Fuel Cost Bonds so authenticated; and and, in case at that time any of the Notes Deferred Fuel Cost Bonds shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes the Deferred Fuel Cost Bonds either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which that it is anywhere in the Notes Deferred Fuel Cost Bonds or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 3 contracts

Samples: Indenture (Virginia Power Fuel Securitization, LLC), Indenture (Virginia Power Fuel Securitization, LLC), Indenture (Virginia Power Fuel Securitization, LLC)

Successor Indenture Trustee by Xxxxxx. 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 if such corporation or banking association shall be otherwise qualified and successor Indenture Trustee is not eligible under Section 6.11. The Indenture Trustee shall provide , then the Depositor (who shall promptly provide such notice to the Rating Agencies) prior written notice of any such transaction (provided, that if the successor Indenture Trustee shall be a public company or a wholly-owned subsidiary replaced in accordance with Section 6.08. Notice of a public company, no earlier than at any such time as the Indenture Trustee or such Affiliate is required event shall be promptly given to make such information public). Additionally, the Indenture Trustee shall provide the Depositor with written notice of the consummation of such transaction no later than one (1) Business Day after the effective date of such event, together with the information reasonably requested each Rating Agency by the Depositor in order to comply with its reporting obligations under the Exchange Act with respect to a successor Indenture Trustee. In case at the time such successor or successors by merger, conversion conversion, consolidation or consolidation to the Indenture Trustee transfer shall succeed to the trusts created by this Indenture any of the Notes Consumer Rate Relief Bonds shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee trustee, and deliver such Notes the Consumer Rate Relief Bonds so authenticated; and in case at that time any of the Notes Consumer Rate Relief Bonds shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes the Consumer Rate Relief Bonds either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes Consumer Rate Relief Bonds or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 3 contracts

Samples: Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC), Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC), Intercreditor Agreement (Appalachian Consumer Rate Relief Funding LLC)

Successor Indenture Trustee by Xxxxxx. 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. The Indenture Trustee shall provide prior written notice of any such transaction to the Depositor and the Administrator (and the Administrator shall make such notice available to the Rating Agencies), provided that such corporation or banking association shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Depositor (who shall promptly provide such notice to the Rating Agencies) prior written notice of any such transaction (provided, that if the Indenture Trustee shall be a public company or a wholly-owned subsidiary of a public company, no earlier than at such time as the Indenture Trustee or such Affiliate is required to make such information public). Additionally, the Indenture Trustee shall provide the Depositor with written notice of the consummation of such transaction event no later than one (1) Business Day after the effective date of such eventmerger, together with the information reasonably requested by the Depositor in order to comply with its reporting obligations obligation under the Exchange Act with respect to a successor Indenture Trustee. In case at the time such successor or successors by merger, conversion or consolidation to the Indenture Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 3 contracts

Samples: Indenture (John Deere Owner Trust 2013), John Deere Owner Trust 2015-B, Indenture (John Deere Owner Trust 2011)

Successor Indenture Trustee by Xxxxxx. 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 associationPerson, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee; provided, that Trustee if such surviving Person or transferee corporation or banking association shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Depositor (who shall promptly provide such notice to Issuer and the Rating Agencies) Servicer reasonable prior written notice of any such transaction transaction. The Servicer will thereafter deliver a copy of such notice to each Rating Agency (provided, that if the Indenture Trustee shall which may be a public company or a wholly-owned subsidiary of a public company, no earlier than at such time as the Indenture Trustee or such Affiliate is required to make such information public). Additionally, the Indenture Trustee shall provide delivered by causing the Depositor with written to post a notice of to the consummation of such transaction no later than one (1) Business Day after the effective date of such event, together with the information reasonably requested website maintained by the Depositor in order for notifications to comply with its reporting obligations under the Exchange Act with respect to a successor Indenture Trusteenationally recognized statistical rating organizations). In case at the time such successor or successors by merger, conversion or consolidation to the Indenture Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 2 contracts

Samples: Indenture (Nissan Auto Receivables 2011-a Owner Trust), Indenture (Nissan Auto Receivables 2011-a Owner Trust)

Successor Indenture Trustee by Xxxxxx. If the Indenture Trustee consolidates withIF THE INDENTURE TRUSTEE CONSOLIDATES WITH, merges or converts intoMERGES OR CONVERTS INTO, or transfers all or substantially all its corporate trust business or assets toOR TRANSFERS ALL OR SUBSTANTIALLY ALL ITS CORPORATE TRUST BUSINESS OR ASSETS TO, another corporation or banking associationANOTHER CORPORATION OR BANKING ASSOCIATION, the resultingTHE RESULTING, surviving or transferee corporation without any further act shall be the successor Indenture TrusteeSURVIVING OR TRANSFEREE CORPORATION OR BANKING ASSOCIATION WITHOUT ANY FURTHER ACT SHALL BE THE SUCCESSOR INDENTURE TRUSTEE; providedPROVIDED, that such corporation or banking association shall be otherwise qualified and eligible under Section 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 6.08. The Indenture Trustee shall provide the Depositor (who shall promptly provide such notice to the Rating Agencies) prior written notice of any such transaction (provided, that if the Indenture Trustee shall be a public company or a wholly-owned subsidiary of a public company, no earlier than at such time as the Indenture Trustee or such Affiliate is required to make such information public). Additionally, the Indenture Trustee shall provide the Depositor with written notice of the consummation of such transaction no later than one (1) Business Day after the effective date of such event, together with the information reasonably requested by the Depositor in order to comply with its reporting obligations under the Exchange Act with respect to a successor Indenture TrusteeNOTICE OF ANY SUCH EVENT SHALL BE PROMPTLY GIVEN TO EACH RATING AGENCY BY THE SUCCESSOR INDENTURE TRUSTEE AND ANY AGENT IN IRELAND APPOINTED PURSUANT TO SECTION 3.02. In case at the time such successor or successors by merger, conversion conversion, consolidation or consolidation to the Indenture Trustee transfer shall succeed to the trusts created by this Indenture any of the Notes Storm Recovery Bonds shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee trustee, and deliver such Notes Storm Recovery Bonds so authenticated; and in case at that time any of the Notes Storm Recovery Bonds shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes Storm Recovery Bonds either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes Storm Recovery Bonds or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 1 contract

Samples: Indenture (Entergy Arkansas Restoration Funding, LLC)

AutoNDA by SimpleDocs

Successor Indenture Trustee by Xxxxxx. If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation corporation, without any further act act, shall be the successor Indenture Trustee; provided, that such corporation or banking association shall be otherwise qualified and eligible under Section 6.116.11 hereof. The Indenture Trustee shall provide the Depositor (who shall promptly provide such notice to the Rating Agencies) Agencies with prior written notice of any such transaction (provided, that if the transaction. The Indenture Trustee shall be provide each Rating Agency prior written notice of any such transaction. As a public company condition to the effectiveness of any merger or a wholly-owned subsidiary consolidation, at least 15 calendar days prior to the effective date of a public company, no earlier than at such time as any merger or consolidation of the Indenture Trustee or such Affiliate is required to make such information public). AdditionallyTrustee, the Indenture Trustee shall provide (x) written notice to the Depositor with written notice and the Master Servicer of any successor pursuant to this Section and (y) in writing and in form and substance reasonably satisfactory to the consummation of such transaction no later than one (1) Business Day after the effective date of such eventDepositor, together with the all information reasonably requested by the Depositor in order to comply with its reporting obligations obligation under the Exchange Act Item 6.02 of Form 8-K with respect to a successor Indenture Trustee. In case If at the time such successor or successors by merger, conversion or consolidation to the Indenture Trustee shall succeed to the trusts created by this Indenture and any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee and deliver such Notes so authenticated; and in case if at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Indenture Trustee shall have. In addition, if the Swap Contract is still outstanding, the Person appointed as successor indenture trustee shall execute, acknowledge and deliver to the predecessor trustee, CHL and the Master Servicer an instrument accepting the appointment as successor Swap Contract Administrator under the Swap Contract Administration Agreement.

Appears in 1 contract

Samples: Master Agreement (GSC Capital Corp. Mortgage Trust 2006-1)

Successor Indenture Trustee by Xxxxxx. 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, that such corporation or banking association shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Depositor Rating Agencies (who shall promptly provide such notice to and the Rating AgenciesSwap Counterparty) prior written notice of any such transaction (provided, that if the Indenture Trustee shall be a public company or a wholly-owned subsidiary of a public company, no earlier than at such time as the Indenture Trustee or such Affiliate is required to make such information public). Additionally, the Indenture Trustee shall provide the Depositor with written notice of the consummation of such transaction no later than one (1) Business Day after the effective date of such event, together with the information reasonably requested by the Depositor in order to comply with its reporting obligations under the Exchange Act with respect to a successor Indenture Trusteetransaction. In case at the time such successor or successors by merger, conversion or consolidation to the Indenture Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 1 contract

Samples: Administration Agreement (Ml Asset Backed Corp)

Successor Indenture Trustee by Xxxxxx. 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. The Indenture Trustee shall provide the Rating Agencies and the Depositor prior written notice of any such transaction, provided that such corporation or banking association shall be otherwise qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Depositor (who shall promptly provide such notice to the Rating Agencies) prior written notice of any such transaction (provided, that if the Indenture Trustee shall be a public company or a wholly-owned subsidiary of a public company, no earlier than at such time as the Indenture Trustee or such Affiliate is required to make such information public). Additionally, the Indenture Trustee shall provide the Depositor with written notice of the consummation of such transaction event no later than one (1) Business Day after the effective date of such eventmerger, together with the information reasonably requested by the Depositor in order to comply with its reporting obligations obligation under the Exchange Act with respect to a successor Indenture Trustee. In case at the time such successor or successors by merger, conversion or consolidation to the Indenture Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee trustee, and deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Indenture Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Indenture Trustee shall have.

Appears in 1 contract

Samples: John Deere Owner Trust 2008

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!