Common use of Merger or Consolidation of Custodian Clause in Contracts

Merger or Consolidation of Custodian. Without the execution or filing of any paper or any further act on the part of any of the parties hereto, any bank into which the Custodian may be merged or with which it may be consolidated, or any bank resulting from any merger to which the Custodian shall be a party, shall be the successor of the Custodian hereunder and shall be bound by all provisions hereof which are binding upon the Custodian and shall be deemed to affirm as to itself all representations and warranties of the Custodian contained herein.