Successor Parties. The Trust will not remove or replace, or cause to be removed or replaced, the Master Servicer, the Indenture Trustee, the Owner Trustee or the Administrator.
Successor Parties. The Trust will not remove or replace, or cause to be removed or replaced, the Servicer, the Indenture Trustee, the Owner Trustee or the Administrator.
Successor Parties. The provisions of this Agreement shall be binding upon and inured to the benefit of the heirs, personal representatives, successors, and assigns of the Parties.
Successor Parties. (A) If a Trustee or Custodian hereunder is a bank or trust company, any corporation resulting from any merger, consolidation or conversion to which such bank or trust company may be a party, or any corporation otherwise succeeding generally to all or substantially all of the assets or business of such bank or trust company, shall be the successor to it as Trustee or Custodian hereunder, as the case may be without the execution of any instrument or any further action on the part of any party hereto.
(B) In the event a Beneficiary dies and payments are to be made to a minor, the Trustee may require that a guardian be appointed and may refuse to make the payments except to such guardian.
(C) Any reference hereunder to the Grantor shall expressly be deemed to include the Grantor's successor and assigns.
Successor Parties. If any provision in this Agreement refers to a specific Person, said reference shall be deemed to have been modified and replaced, without further action of the parties, with the name of any Person who, by means of either (A) a Permitted Transfer or (B) a Transfer or other action permitted or not prohibited hereby, succeeds to the interests of such specifically named Person.
Successor Parties. This Agreement shall be binding upon the successors and assigns of the parties hereto, and no provisions, terms or obligations herein contained shall be affected, modified, altered, or changed to the detriment of the other party in any respect what- soever by the consolidation, merger, sale, transfer, lease or assignment of either party hereto, or affected, modified, altered, or changed in any respect whatsoever by any change of any kind of the ownership or management of either party hereto or of any separable, independent segment of either party hereto.
Successor Parties. At any time, the Borrower may substitute any Affiliate or successor in interest after a merger or consolidation or other legal act that transfers fiduciary responsibility of the Borrower through receivership, etc. for this Agreement and all other documents related to the Loan. Similarly, any statutory successor or successor agency named in an Executive Order of the Governor may be substituted for the Licensing and Regulatory Affairs in this Agreement and all other documents related to the Loan. Each party shall notify the other in writing of a substitution under this section.
Successor Parties. At any time, the Borrower may substitute any affiliate, subsidiary, or successor in interest after a merger or consolidation as the Borrower for this Supplemental Agreement and all other documents related to the Loan. Similarly, any statutory successor or successor agency named in an executive order of the governor may be substituted for EGLE in this Supplemental Agreement and all other documents related to the Loan. Each party shall notify the other of a substitution under this section.
Successor Parties. In the event of any occurrence rendering either Party incapable of performing under this Contract, the successor of that Party, whether the result of legal process, assignment, or otherwise, shall succeed to the rights of that Party hereunder. Within thirty (30) days after a successor of that Party succeeds to the rights of that Party, the successor shall provide written notice to the other Party of the succession.
Successor Parties. Contemporaneously with any succession transaction that occurs prior to the consummation of the Exchange Offer that results in a Person succeeding to obligations of the Company or any Guarantor in compliance with Article X of the Indenture, the Company and the Guarantors shall cause such successor Person to become a party to this Agreement as a Guarantor.
