Common use of Merger, Conversion or Consolidation of Collateral Agent Clause in Contracts

Merger, Conversion or Consolidation of Collateral Agent. Any Person into which the Collateral Agent 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 Collateral Agent shall be a party, or any Person succeeding to the business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to Section 7.3, provided that without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding, such Person satisfies the eligibility requirements specified in clauses (1) through (3) of Section 7.2.

Appears in 3 contracts

Samples: Credit Agreement (Sunstone Hotel Investors, Inc.), Signature (Diversified Healthcare Trust), Term Loan Agreement (Diversified Healthcare Trust)

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Merger, Conversion or Consolidation of Collateral Agent. Any Person into which the Collateral Agent 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 Collateral Agent shall be a party, or any Person succeeding to all or substantially all of the corporate trust business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to Section 7.38.03, provided that without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding, such Person satisfies the eligibility requirements specified in clauses (1a) through (3d) of Section 7.28.02.

Appears in 1 contract

Samples: The Lease Agreement (Expressjet Holdings Inc)

Merger, Conversion or Consolidation of Collateral Agent. Any Person person into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any Person person resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any Person person succeeding to all or substantially all the corporate trust business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to Section 7.3clause (d) above, provided that (i) without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding, such Person satisfies the eligibility requirements specified in clauses (1) through (3) of Section 7.2.

Appears in 1 contract

Samples: Collateral Agency and Security Agreement (Firepond, Inc.)

Merger, Conversion or Consolidation of Collateral Agent. Any Person into which the Collateral Agent 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 Collateral Agent shall be is a party, or any Person succeeding to the business of the Collateral Agent shall will be the successor of the Collateral Agent pursuant to Section 7.34.3, provided that without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, hereto (except where an instrument of transfer or assignment is required by law to effect such succession), anything herein to the contrary notwithstanding, if (i) such Person satisfies the eligibility requirements specified set forth in clauses Section 4.2 and (1ii) through (3) of Section 7.2prior to any such merger, conversion or consolidation, the Collateral Agent has notified the Company and each Note Lien Representative thereof in writing.

Appears in 1 contract

Samples: Collateral Agency Agreement (Del Laboratories Inc)

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Merger, Conversion or Consolidation of Collateral Agent. Any Person into which the Collateral Agent 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 Collateral Agent shall be a party, or any Person succeeding to all or substantially all of the corporate trust business of the Collateral Agent shall be the successor of the Collateral Agent pursuant to Section 7.38.03, provided that without the execution or filing of any paper with any party hereto or any further act on the part of any of the parties hereto, except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding, such Person satisfies the eligibility requirements specified in clauses (1a) through (3d) of Section 7.2.8.02. 41

Appears in 1 contract

Samples: Security and Collateral Agency Agreement

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