Common use of Titling Trust Merger Clause in Contracts

Titling Trust Merger. The Alabama Trust merged with and into WOLT with WOLT surviving (the “Merger”) pursuant to the Merger Agreement. In connection with the Merger, ALF LP delivered the Alabama UTI Certificate to the trustee of the Alabama Trust for cancellation. In consideration for ALF LP’s delivery of the Alabama UTI Certificate, WOLT issued to ALF LP the “Closed-End Certificate,” representing the entire beneficial interest in the series of WOLT designated as the “Closed-End Collateral Specified Interest.”

Titling Trust Merger. The Alabama Trust merged will merge with and into WOLT with WOLT surviving (the “Merger”) pursuant to the Merger Agreement. In connection with the Merger, ALF LP delivered will deliver the Alabama UTI Certificate to the trustee of the Alabama Trust for cancellation. In consideration for ALF LP’s delivery of the Alabama UTI Certificate, WOLT issued will issue to ALF LP the “Closed-End Certificate,” representing the entire beneficial interest in the series of WOLT designated as the “Closed-End Collateral Specified Interest.”