Common use of Successor Trustee by Merger Clause in Contracts

Successor Trustee by Merger. (a) If the 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 Trustee; provided that such corporation or banking association shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties hereto.

Appears in 4 contracts

Samples: Indenture (Hess Midstream LP), Indenture (Hess Midstream LP), Indenture (Hess Midstream Partners LP)

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Successor Trustee by Merger. (a) If the 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 Trustee; provided that such corporation or banking association . The Trustee shall be otherwise qualified and eligible under this Article VII and Section 310(a) of provide the Trust Indenture Act, without the execution or filing Rating Agencies with written notice of any paper or any further act on the part of the parties heretosuch transaction.

Appears in 2 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets (including this transaction) to, another corporation or national banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that such corporation or banking association Persons shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties heretoARTICLE VII.

Appears in 2 contracts

Samples: Indenture (Grupo Financiero Galicia Sa), Indenture (Grupo Financiero Galicia Sa)

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets (including administration of this Indenture) to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that if such corporation or banking association successor Trustee is not eligible to act as Trustee pursuant to Section 8.10, such successor Trustee shall be otherwise qualified and eligible under this Article VII and promptly resign pursuant to Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties hereto8.07.

Appears in 2 contracts

Samples: Indenture (NRG Yield, Inc.), Indenture (NRG Yield, Inc.)

Successor Trustee by Merger. (a) If the 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 Trustee; provided that such corporation or banking association . The Trustee shall be otherwise qualified and eligible under this Article VII and Section 310(a) of provide the Trust Indenture Act, without the execution or filing Rating Agency with written notice of any paper or any further act on the part of the parties heretosuch transaction.

Appears in 2 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Successor Trustee by Merger. (a) If the 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 shall, without any further act shall be the successor Trustee; provided that . Notice of any such corporation or banking association event shall be otherwise qualified and eligible under this Article VII and Section 310(a) of promptly given to each Rating Agency by the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties heretosuccessor Trustee.

Appears in 2 contracts

Samples: PSE&G Transition Funding II LLC, PSE&G Transition Funding II LLC

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets (including administration of this Indenture) to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that if such corporation or banking association successor Trustee is not eligible to act as Trustee pursuant to Section 7.10, such successor Trustee shall be otherwise qualified and eligible under this Article VII and promptly resign pursuant to Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties hereto7.07.

Appears in 2 contracts

Samples: Supplemental Indenture (Carriage Services Inc), Indenture (Carriage Services Inc)

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or national banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that such corporation or banking association Persons shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties heretoVII.

Appears in 2 contracts

Samples: Indenture (Arcos Dorados Holdings Inc.), Indenture (Arcos Dorados Holdings Inc.)

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets (including this transaction) to, another corporation or national banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that such corporation or banking association Persons shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties heretoVII.

Appears in 2 contracts

Samples: Indenture (Grupo Financiero Galicia Sa), Grupo Financiero Galicia Sa

Successor Trustee by Merger. (a) If the 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 shall, without any further act shall act, be the successor Trustee; provided provided, however, that such corporation or banking association shall must be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing 6.11. Notice of any paper or any further act on such event shall be promptly given to each Rating Agency by the part of the parties heretosuccessor Trustee.

Appears in 1 contract

Samples: Indenture (Florida Power & Light Co)

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers xxxxxxers all or substantially all its corporate trust business or assets (including the administration of the trust created by this Indenture) to, another corporation or banking associationcorporation, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; , provided that such corporation or banking association entity shall be otherwise qualified and eligible under this Article VII and the provisions of Section 310(a) of the Trust Indenture Act7.10 hereof, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 1 contract

Samples: Gtech Holdings Corp

Successor Trustee by Merger. (a) If Subject to Section 7.10, if the Trustee consolidates withconsolidates, 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 successor corporation or banking association without any further act shall be the successor Trustee; provided provided, however, that such in the case of a transfer of all or substantially all of its corporate trust business to another corporation, the transferee corporation or banking association shall be otherwise qualified and eligible under this Article VII and Section 310(a) expressly assumes all of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties heretoTrustee’s liabilities hereunder.

Appears in 1 contract

Samples: Indenture (Norfolk Southern Corp)

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business (including in connection with this Indenture) or assets to, another corporation or national banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that such corporation or banking association Persons shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties heretoVII.

Appears in 1 contract

Samples: Indenture (Intercorp Financial Services Inc.)

Successor Trustee by Merger. (a) If the 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 Trustee; provided , provided, that such corporation or banking association shall be otherwise qualified and eligible under this Article VII and it complies with Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties hereto7.10.

Appears in 1 contract

Samples: LDK Solar Co., Ltd.

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Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets (including its rights and obligations hereunder) to, another corporation or banking association, the resulting,... (b) In case at the time such successor or successors by merger, surviving conversion or transferee corporation or banking association without consolidation to the Trustee shall succeed to the trusts created by this Indenture any further act shall be the successor Trustee; provided that such corporation or banking association shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture ActSecurities shall have been authenticated but not delivered, without the execution or filing of any paper or any further act on the part of the parties hereto.such successor ...

Appears in 1 contract

Samples: www.svs.cl

Successor Trustee by Merger. (a) If the a successor 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 Trustee; provided provided, that such corporation or banking association shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties hereto.6.09. DRAFT

Appears in 1 contract

Samples: Umbs and MBS Master Trust Agreement

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts intointx, or xx 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 shall, without any further act shall act, be the successor Trustee; provided provided, however, that such corporation or banking association shall must be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing 6.11. Notice of any paper or any further act on such event shall be promptly given to each Rating Agency by the part of the parties heretosuccessor Trustee.

Appears in 1 contract

Samples: Indenture (FPL Recovery Funding LLC)

Successor Trustee by Merger. (a) If the a successor 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 Trustee; provided provided, that such corporation or banking association shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties hereto.8.09. DRAFT

Appears in 1 contract

Samples: Master Trust Agreement

Successor Trustee by Merger. (a) If the 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 Trustee; provided that . In case at the time such corporation successor or banking association successors by merger, conversion or consolidation to the Trustee shall be otherwise qualified and eligible under succeed to the trusts created by this Article VII and Section 310(a) Indenture any of the Trust Indenture ActSecurities shall have been authenticated but not delivered, without the execution or filing of any paper or any further act on the part of the parties hereto.such successor to the

Appears in 1 contract

Samples: Us Concrete Inc

Successor Trustee by Merger. (a) If the 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 Trustee; , provided that such corporation or banking association shall be otherwise qualified and eligible under this Article VII and TIA Section 310(a) of 3.10(a). In case at the Trust Indenture Acttime such successor or successors by merger, without the execution or filing of any paper or any further act on the part of the parties hereto.conversion or

Appears in 1 contract

Samples: Spectrasite Holdings Inc

Successor Trustee by Merger. (a) If the 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 or banking association without any further act shall be the successor Trustee; provided provided, however, that such corporation or banking association shall be otherwise qualified and eligible under this Article VII and Section 310(a) of 5.10. The Trustee shall provide the Trust Indenture Act, without the execution or filing Rating Agencies with written notice of any paper or any further act on the part of the parties heretosuch transaction.

Appears in 1 contract

Samples: Indenture Agreement (CNL Hospitality Properties Inc)

Successor Trustee by Merger. (a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or national banking association, the resulting, surviving or transferee corporation or banking association without any further act shall be the successor Trustee; provided that such corporation or banking association Persons shall be otherwise qualified and eligible under this Article VII and Section 310(a) of the Trust Indenture Act, without the execution or filing of any paper or any further act on the part of the parties hereto‎VII.

Appears in 1 contract

Samples: Indenture (Arcos Dorados Holdings Inc.)

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