Successor Indenture Trustee by Merger. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business or assets to, another Person, the resulting, surviving or transferee Person will be the successor Indenture Trustee so long as such Person is otherwise qualified and eligible under Section 6.11. The Indenture Trustee will promptly notify the Servicer and the Issuer (who will notify the Rating Agencies) of any such transaction.
Appears in 27 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2012-C), Indenture (Ford Credit Auto Lease Trust 2014-A), Indenture (Ford Credit Auto Lease Trust 2012-A)
Successor Indenture Trustee by Merger. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business or assets to, another Person, the resulting, surviving or transferee Person will be the successor Indenture Trustee so long as such the Person is otherwise qualified and eligible under Section 6.11. The Indenture Trustee will promptly notify the Servicer and the Issuer (who will notify the Rating Agencies) of any such the transaction.
Appears in 8 contracts
Samples: Indenture (Ford Credit Auto Owner Trust 2015-A), Indenture (Ford Credit Auto Owner Trust 2015-A), Indenture (Ford Credit Auto Owner Trust 2015-B)
Successor Indenture Trustee by Merger. (a) If the Indenture Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business or assets to, another Person, the resulting, surviving or transferee Person will be the successor Indenture Trustee so long as such that Person is otherwise qualified and eligible under Section 6.11. The Indenture Trustee will promptly notify the Servicer and the Issuer (who will notify the Rating Agencies) of any such transaction.
Appears in 7 contracts
Samples: Indenture (Ford Credit Auto Lease Trust 2014-B), Indenture (Ford Credit Auto Lease Trust 2015-A), Indenture (Ford Credit Auto Lease Trust 2015-B)