Merger or Consolidation of Grantor Trustee. Any corporation or national banking association into which the Grantor Trustee may be merged or converted or with which it may be consolidated or any corporation or national banking association resulting from any merger, conversion or consolidation to which the Grantor Trustee shall be a party, or any corporation or national banking association acquiring all or substantially all of the business of the Grantor Trustee or succeeding to the business of the Grantor Trustee, shall be the successor of the Grantor Trustee hereunder, provided such corporation or national banking association shall be eligible under the provisions of Section 6.05, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The Grantor Trustee shall mail notice of any such merger or consolidation to the Grantor Trust Certificateholder at its address as shown in the Grantor Trust Certificate Register.
Appears in 6 contracts
Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)
Merger or Consolidation of Grantor Trustee. Any corporation or national banking association into which the Grantor Trustee may be merged or converted or with which it may be consolidated or any corporation or national banking association resulting from any merger, conversion or consolidation to which the Grantor Trustee shall be a party, or any corporation or national banking association acquiring all or substantially all of the business of the Grantor Trustee or succeeding to the business of the Grantor Trustee, shall be the successor of the Grantor Trustee hereunder, provided such corporation or national banking association shall be eligible under the provisions of Section 6.05, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The Grantor Trustee shall mail cause notice of any such merger or consolidation to be provided to the Grantor Trust Certificateholder at its address as shown in the Grantor Trust Certificate Register.
Appears in 4 contracts
Samples: Grantor Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Grantor Trust Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5), Loan Purchase Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-2)
