Common use of Merger or Consolidation of, Clause in Contracts

Merger or Consolidation of,. or Assumption of the Obligations of, the Seller, the Master Servicer or the Depositor. Any Person into which the Seller, the Master Servicer or the Depositor may be merged or consolidated, or any Person resulting from any merger, conversion or consolidation to which the Seller, the Master Servicer or the Depositor shall be a party, or any Person succeeding to the business of the Seller, the Master Servicer or the Depositor, shall be the successor of the Seller, the Master Servicer or the Depositor, as the case may be, hereunder, 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; provided, however, that the successor Master Servicer shall satisfy all the requirements of Section 7.02 with respect to the qualifications of a successor Master Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (American General MRT Ln Asst BCKD Ps THR CRTS Sr 2003-1), Pooling and Servicing Agreement (American General MRT Ln Asst BCKD Ps THR CRTS Sr 2003-1)

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Merger or Consolidation of,. or Assumption of the Obligations of, the Seller, the Master Servicer or the DepositorRepresentative. Any Person corporation into which the Seller, the Master Servicer or the Depositor Representative may be merged or consolidated, or any Person corporation resulting from any merger, conversion or consolidation to which the Seller, the Master Servicer or the Depositor Representative shall be a party, or any Person corporation succeeding to the business of the Seller, the Master Servicer or the DepositorRepresentative, shall be the successor of the Seller, the Master Servicer or the DepositorRepresentative, as the case may be, hereunder, 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; provided, however, that the successor Master Servicer shall satisfy all the requirements of Section 7.02 8.02 with respect to the qualifications of a successor Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Avco Abs Receivables Corp)

Merger or Consolidation of,. or Assumption of the Obligations of, the Seller, the Master Servicer or the Depositor. Any Person entity into which the Seller, the Master Servicer or the Depositor may be merged or consolidated, or any Person entity resulting from any merger, conversion or consolidation to which the Seller, the Master Servicer or the Depositor shall be a party, or any Person corporation succeeding to the business of the Seller, the Master Servicer or the Depositor, shall be the successor of the Seller, the Master Servicer or the Depositor, as the case may be, hereunder, 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; provided, however, that the successor Master Servicer shall satisfy all the requirements of Section 7.02 with respect to the qualifications of a successor Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Asset Bk Pass THR Cert Ser 2002-C)

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Merger or Consolidation of,. or Assumption of the Obligations of, the any Seller, the Master Servicer or the Depositor. Any Person entity into which the SellerSellers, the Master Servicer or the Depositor may be merged or consolidated, or any Person entity resulting from any merger, conversion or consolidation to which the Seller, the Sellers and Master Servicer or the Depositor shall be a party, or any Person corporation succeeding to the business of the Seller, the Sellers and Master Servicer or the Depositor, shall be the successor of the Seller, the Sellers and Master Servicer or the Depositor, as the case may be, hereunder, 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; provided, however, that the successor Master Servicer shall satisfy all the requirements of Section 7.02 with respect to the qualifications of a successor Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)

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