Common use of Merger, Conversion, Consolidation or Succession to Business of Trustee Clause in Contracts

Merger, Conversion, Consolidation or Succession to Business of Trustee. Any Person into which the Trustee may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; provided such Person shall be otherwise qualified and eligible under this Section 6, without the execution or filing of any paper or any further act on the part of any of the parties hereto. The successor Trustee will notify each Rating Agency of any such merger, conversion or consolidation. In case any of the Indenture Issued Notes have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Indenture Issued Notes so authenticated with the same effect as if such successor Trustee had itself authenticated such Indenture Issued Notes.

Appears in 2 contracts

Samples: Indenture (Northstar Realty), Indenture (Northstar Realty)

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Merger, Conversion, Consolidation or Succession to Business of Trustee. Any Person corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any Person corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; , provided such Person corporation shall be otherwise qualified and eligible under this Section Article 6, without the execution or filing of any paper or any further act on the part of any of the parties hereto. The successor ; provided, that the Trustee will notify shall give notice thereof to the Issuer, the Investment Manager, the Holders of Securities, and each Rating Agency of any such merger, conversion or consolidationAgency. In case any of the Indenture Issued Notes Securities have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Indenture Issued Notes Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Indenture Issued NotesSecurities.

Appears in 1 contract

Samples: Indenture (York Enhanced Strategies Fund, LLC)

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Merger, Conversion, Consolidation or Succession to Business of Trustee. Any Person corporation or banking association into which the Trustee may be merged or converted or with which it may be consolidated, or any Person corporation or banking association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder; , provided such Person corporation shall be otherwise qualified and eligible under this Section Article 6, without the execution or filing of any paper or any further act on the part of any of the parties hereto. The successor ; provided, that the Trustee will notify each Rating Agency shall provide notice of any such merger, conversion or consolidationconsolidation to the Majority Representative, the Originator, the Sponsor and the Issuer, and the Issuer shall forward such notice to the Rating Agency. In case any of the Indenture Issued Notes have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Indenture Issued Notes so authenticated with the same effect as if such successor Trustee had itself authenticated such Indenture Issued Notes.

Appears in 1 contract

Samples: Execution (Sutherland Asset Management Corp)

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