Common use of Successor Note Trustee by Merger Clause in Contracts

Successor Note Trustee by Merger. If the Note 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 Note Trustee. The successor Note Trustee shall mail a notice of its merger, conversion, consolidation or transfer to the Rating Agencies. In case at the time such successor or successors by merger, conversion, consolidation or transfer to the Note Trustee shall succeed to the trusts created by this Note Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Note 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 Note Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Note Trustee; and in all such cases such certificates shall be valid for all purposes hereunder and under the Notes.

Appears in 4 contracts

Samples: Note Indenture (CEC Funding, LLC), Note Indenture (BEC Funding II, LLC), Note Indenture (BEC Funding II, LLC)

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Successor Note Trustee by Merger. If the Note 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 Note Trustee. The successor Note Trustee shall mail a notice of its merger, conversion, consolidation or transfer to the Rating Agencies. In case at the time such successor or successors by merger, conversion, conversion or consolidation or transfer to the Note Trustee shall succeed to the trusts created by this Note Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Note 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 Note Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Note Trustee; and in all such cases such certificates shall be valid for all purposes hereunder and under have the Notesfull force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Note Trustee shall have.

Appears in 4 contracts

Samples: Indenture (Sdg&e Funding LLC a De Limited Liability Co), Indenture (Pg&e Funding LLC), Indenture (Sce Funding LLC)

Successor Note Trustee by Merger. If the Note 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 Note Trustee. The successor Note Trustee shall mail a notice of its merger, conversion, consolidation or transfer to the Rating AgenciesAgencies and the Note Issuer. In case at the time such successor or successors by merger, conversion, consolidation or transfer to the Note Trustee shall succeed to the trusts created by this Note Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Note 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 Note Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Note Trustee; and in all such cases such certificates shall be valid for all purposes hereunder and under the Notes.

Appears in 2 contracts

Samples: Note Indenture (Wmeco Funding LLC), Note Indenture (Cl&p Funding LLC)

Successor Note Trustee by Merger. If the Note --------------------------------- 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 Note Trustee. The successor Note Trustee shall mail a notice of its merger, conversion, consolidation or transfer to the Rating Agencies. In case at the time such successor or successors by merger, conversion, conversion or consolidation or transfer to the Note Trustee shall succeed to the trusts created by this Note Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Note 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 Note Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Note Trustee; and in all such cases such certificates shall be valid for all purposes hereunder and under have the Notesfull force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Note Trustee shall have.

Appears in 1 contract

Samples: Indenture (Sdg&e Funding LLC a De Limited Liability Co)

Successor Note Trustee by Merger. If the Note 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 Note Trustee. The successor Note Trustee shall mail a notice of its merger, conversion, consolidation or transfer to the Rating Agencies. In case at the time such successor or successors by merger, conversion, conversion or consolidation or transfer to the Note Trustee shall succeed to the trusts created by this Note Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Note 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 Note Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Note Trustee; and in all such cases such certificates shall be valid for all purposes hereunder and under have the Notesfull force which it is anywhere in the Notes or in this Note Indenture provided that the certificate of the Note Trustee shall have.

Appears in 1 contract

Samples: Note Indenture (Bec Funding LLC)

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Successor Note Trustee by Merger. If the Note 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 Note Trustee. The successor Note Trustee shall mail a notice of its merger, conversion, consolidation or transfer to the Rating Agencies. In case at the time such successor or successors by merger, conversion, conversion or consolidation or transfer to the Note Trustee shall succeed to the trusts created by this Note Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Note 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 Note Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Note Trustee; and in all such cases such certificates shall be valid for all purposes hereunder and under have the Notesfull force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Note Trustee shall have.

Appears in 1 contract

Samples: Indenture (Sce Funding LLC)

Successor Note Trustee by Merger. If the Note 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 Note Trustee. The successor Note Trustee shall mail a notice of its merger, conversion, conversion or consolidation or transfer to the Rating Agencies. In case at the time such successor or successors by merger, conversion, conversion or consolidation or transfer to the Note Trustee shall succeed to the trusts created by this Note Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Note 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 Note Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Note Trustee; and in all such cases such certificates shall be valid for all purposes hereunder and under the Notes.

Appears in 1 contract

Samples: Note Indenture (B E C Energy)

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