Common use of Assignment; Merger Clause in Contracts

Assignment; Merger. Neither this Agreement nor the Trust Account created hereunder may be assigned by the Trustee without the prior written consent of the City unless the Trustee is required by law to divest itself of its interest in its trust department or unless the Trustee sells or otherwise assigns all or substantially all of its corporate trust business in which event the trust shall be continued by the Trustee’s successor in interest.

Appears in 3 contracts

Sources: Depository Trust Agreement, Depository Trust Agreement, Depository Trust Agreement