Common use of Merger or Consolidation of, or Assumption of Obligations of, Servicer Clause in Contracts

Merger or Consolidation of, or Assumption of Obligations of, Servicer. The Servicer shall not consolidate with or merge into any other corporation or convey or transfer its properties and assets substantially as an entirety to any Person, unless:

Appears in 106 contracts

Samples: Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-B), Sale and Servicing Agreement (World Omni Auto Receivables Trust 2024-A)

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Merger or Consolidation of, or Assumption of Obligations of, Servicer. The Servicer shall may not dissolve, liquidate, consolidate with or merge into any other corporation Person or convey convey, transfer or transfer sell its properties and assets substantially as an entirety to any Person, Person unless:

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Ford Credit Floorplan LLC), Transfer and Servicing Agreement (Ford Credit Floorplan Corp), Transfer and Servicing Agreement (Ford Credit Floorplan LLC)

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Merger or Consolidation of, or Assumption of Obligations of, Servicer. (a) The Servicer shall may not dissolve, liquidate, consolidate with or merge into any other corporation Person or convey convey, transfer or transfer sell its properties and assets substantially as an entirety to any Person, Person unless:

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Ford Credit Auto Receivables LLC), Transfer and Servicing Agreement (Nissan Wholesale Receivables Corp Ii), Transfer and Servicing Agreement (Nissan Wholesale Receivables Corp Ii)

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