Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 92 contracts
Samples: Trust Agreement (Toyota Auto Receivables 2024-B Owner Trust), Trust Agreement (Toyota Auto Receivables 2024-B Owner Trust), Trust Agreement (Toyota Auto Receivables 2024-a Owner Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Administrator (and the Administrator. The Administrator will provide notice thereof to each Rating Agency pursuant to Section 1(d) of such merger or consolidation to the Rating AgenciesAdministration Agreement).
Appears in 53 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2024-a Owner Trust), Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Trust Agreement (Nissan Auto Receivables 2024-a Owner Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 47 contracts
Samples: Trust Agreement (Toyota Auto Receivables 2010-C Owner Trust), Trust Agreement (Toyota Auto Receivables 2010-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2010-a Owner Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 36 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (Chase Manhattan Bank Usa), And (Consumer Portfolio Services Inc)
Merger or Consolidation of Owner Trustee. Any corporation Person into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation Person shall be eligible pursuant to Section 10.016.13, and without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to Depositor, who promptly shall notify the Rating Agencies. In connection therewith, the Owner Trustee shall file an amendment to the Certificate of Trust if required by the Statutory Trust Act.
Appears in 24 contracts
Samples: Trust Agreement (Carvana Auto Receivables Trust 2022-P3), Trust Agreement (Carvana Auto Receivables Trust 2022-P3), Trust Agreement (Carvana Auto Receivables Trust 2022-P2)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of to the Owner Trustee hereunder, ; provided that such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; providedprovided further, furtherhowever, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 21 contracts
Samples: Trust Agreement (Mmca Auto Owner Trust 2001 2), Trust Agreement (Mmca Auto Owner Trust 2000-2), Trust Agreement (Mmca Auto Owner Trust 2001-1)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 20 contracts
Samples: Deposit Trust Agreement (Residential Asset Funding Corp), Deposit Trust Agreement (Prudential Securities Secured Financing Corp), Trust Agreement (Mego Financial Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Note Rating Agencies.
Appears in 19 contracts
Samples: Trust Agreement (Chase Manhattan Bank Usa Chase Credit Card Owner Tr 1999-3), Trust Agreement (Chase Credit Card Owner Trust 2001-5), Trust Agreement (Chase Manhattan Bank Chase Credit Card Owner Trust 2001 2)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 19 contracts
Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Automobile Receivables Trust 2003-C-F)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Board and the Administrator. The Administrator will provide notice Seller (who shall promptly deliver a copy of such merger or consolidation notice to the Rating Agencies).
Appears in 18 contracts
Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee (i) shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation (ii) shall file an amendment to the Rating AgenciesCertificate of Trust as required under Section 9.3, above.
Appears in 15 contracts
Samples: Trust Agreement (Long Beach Acceptance Receivables Corp.), Trust Agreement (Long Beach Acceptance Receivables Corp. II), Trust Agreement (Long Beach Acceptance Corp. Auto Receivables Trust 2006-A)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesSecurity Insurer.
Appears in 14 contracts
Samples: Trust Agreement (Americredit Automobile Receivables Trust 2004-B-M), Trust Agreement (AmeriCredit Automobile Receivables Trust 2005-B-M), Trust Agreement (Americredit Automobile Receivables Trust 2003-B-X)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, and provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 14 contracts
Samples: Trust Agreement (Olympic Financial LTD), Trust Agreement (Antigua Funding Corp), Trust Agreement (Arcadia Receivables Finance Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from form any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies; and the Administrator. The Administrator will provide notice of provided further, that such merger or consolidation successor Owner Trustee shall file an amendment to the Rating AgenciesCertificate of Trust as described in Section 10.3.
Appears in 14 contracts
Samples: Trust Agreement (Chase Auto Owner Trust 2005-A), Trust Agreement (JPMorgan Chase Bank, National Association), Trust Agreement (Chase Auto Owner Trust 2005-B)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall will be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee shall Trustee, will be the successor of the Owner Trustee hereunder, provided such corporation shall will be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall will mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 13 contracts
Samples: Trust Agreement (Triad Financial Special Purpose LLC), Trust Agreement (Triad Financial Special Purpose LLC), Trust Agreement (Triad Financial Special Purpose LLC)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee shall be the successor of the Owner Trustee hereunderTrustee, provided such corporation shall be eligible pursuant to Section 10.01shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the successor of Owner Trustee hereunder; provided, further, provided that the such corporation shall be eligible pursuant to Section 10.1; and provided further that Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 13 contracts
Samples: Trust Agreement (Wells Fargo Financial Auto Owner Trust 2005-A), Trust Agreement (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Trust Agreement (Amsouth Auto Receivables LLC)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder; provided, provided however, that such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, and provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger merger, sale, conversion or consolidation to the Rating Agencies.
Appears in 13 contracts
Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables Auto Trust 2003-1), Trust Agreement (Franklin Auto Trust 2006-1)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, and provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 12 contracts
Samples: Trust Agreement (Arcadia Receivables Finance Corp), Trust Agreement (Olympic Receivables Finance Corp), Trust Agreement (Arcadia Receivables Finance Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, and without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, furtherhowever, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Note Insurer and the Administrator. The Administrator will provide notice each of such merger or consolidation to the Rating Agencies.
Appears in 11 contracts
Samples: Trust Agreement (First Alliance Mortgage Loan Trust 1998-1a), Trust Agreement (Imc Home Equity Loan Owner Trust 1998-7), Trust Agreement (First Alliance Mortgage Loan Trust 1998-1f)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 10 contracts
Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2010-2), Trust Agreement (AmeriCredit Automobile Receivables Trust 2010-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2006-1)
Merger or Consolidation of Owner Trustee. Any Notwithstanding anything herein to the contrary, any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, hereunder (provided that such corporation shall be eligible pursuant to meet the eligibility requirements set forth in Section 10.019.01), without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, further that (a) the Owner Trustee shall mail notice of such merger or consolidation to each Note Rating Agency and (b) the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation Owner Trustee shall file any necessary amendments to the Rating AgenciesCertificate of Trust with the Secretary of State.
Appears in 9 contracts
Samples: Trust Agreement (Chase Card Funding LLC), Trust Agreement (Chase Issuance Trust), Trust Agreement (Chase Issuance Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
Appears in 9 contracts
Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2010-A), Trust Agreement (AmeriCredit Prime Automobile Receivables Trust 2007-2-M), Trust Agreement (AFS SenSub Corp.)
Merger or Consolidation of Owner Trustee. Any ---------------------------------------- corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 8 contracts
Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation entity succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation entity shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Note Rating Agencies.
Appears in 8 contracts
Samples: Trust Agreement (Chase Credit Card Owner Trust 2004-2), Trust Agreement (Chase Manhattan Bank Usa), Trust Agreement (Chase Credit Card Master Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0111.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
Appears in 8 contracts
Samples: Deposit Trust Agreement (Sequoia Residential Funding Inc), Trust Agreement (Greenpoint Mortgage Securities LLC), Trust Agreement (Greenpoint Mortgage Securities LLC)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided that such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; providedprovided further, furtherhowever, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 7 contracts
Samples: Trust Agreement (Daimler Benz Vehicle Receivables Corp), Trust Agreement (Daimler Benz Vehicle Receivables Corp), Trust Agreement (Mmca Auto Receivables Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice Seller (who shall promptly deliver a copy of such merger or consolidation notice to the Rating Agencies).
Appears in 7 contracts
Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
Appears in 7 contracts
Samples: Trust Agreement (J P Morgan Acceptance Corp I), Trust Agreement (Advanta Conduit Receivables Inc), Trust Agreement (Advanta Mortgage Conduit Services Inc)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from form any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 7 contracts
Samples: Execution (Chase Manhattan Bank Usa), Trust Agreement (Chase Manhattan Bank Usa National Association), Trust Agreement (Chase Manhattan Auto Owner Trust 1998-B)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, ; anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 7 contracts
Samples: Trust Agreement (Caterpillar Financial Asset Trust 2005-A), And Restated Trust Agreement (Caterpillar Financial Asset Trust 2004-A), Trust Agreement (Caterpillar Financial Funding Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, ; anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 7 contracts
Samples: Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Funding Corp), Trust Agreement (Caterpillar Financial Asset Trust 2006-A)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to [the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to Securities Insurer and] the Rating Agencies.
Appears in 6 contracts
Samples: Owner Trust Agreement (Bcap LLC), Owner Trust Agreement (Etrade Mortgage Backed Securities Corp), Owner Trust Agreement (Hsi Asset Securitization Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0111.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 5 contracts
Samples: Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion conversion, or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 5 contracts
Samples: Deposit Trust Agreement (Residential Resources Inc), Deposit Trust Agreement (Ocwen Mortgage Loan Trust Ass Back Notes Ser 1998-Oac1/), Deposit Trust Agreement (Ocwen Mortgage Loan Trust Ass Back Notes Ser 1998-Oac1/)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Rating Agencies, the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesMaster Servicer.
Appears in 5 contracts
Samples: Trust Agreement (Household Automotive Trust 2004-1), Trust Agreement (Household Auto Receivables Corp), Trust Agreement (HSBC Automotive Trust 2005-3)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01SECTION 9.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesSecurity Insurer.
Appears in 4 contracts
Samples: Trust Agreement (UPFC Auto Receivables Trust 2006-B), Trust Agreement (UPFC Auto Receivables Trust 2006-A), Trust Agreement (UPFC Auto Receivables Trust 2007-A)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to (who shall notify the Rating Agencies).
Appears in 4 contracts
Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2011-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2011-1), Trust Agreement (AmeriCredit Automobile Receivables Trust 2010-4)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, that such corporation shall be eligible pursuant to Section 10.01; and, provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the each Rating AgenciesAgency.
Appears in 4 contracts
Samples: Trust Agreement (BLG Securities Company, LLC), Trust Agreement (Bayview Financial Securities Co LLC), Trust Agreement (HMB Acceptance Corp.)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.016.13, and without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, furtherhowever, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger merger, conversion or consolidation to the Rating Agencies.
Appears in 4 contracts
Samples: Trust Agreement (Cit Rv Trust 1998-A), Trust Agreement (Cit Group Securitization Corp Ii), Trust Agreement (Cit Group Inc)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further (i) that the Owner Trustee shall mail notice of such merger or consolidation to the Rating Agencies, the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation Master Servicer and (ii) any successor Owner Trustee shall file an amendment to the Rating AgenciesCertificate of Trust as required by Section 10.3.
Appears in 4 contracts
Samples: Trust Agreement (Household Automotive Trust 2001-1), Trust Agreement (Household Auto Receivables Corp), Trust Agreement (Household Auto Receivables Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Securities Insurer and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 3 contracts
Samples: Owner Trust Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2), Owner Trust Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1), Empire Funding Home Loan Owner Trust 1998 3
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it either may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee Trustee, as the case may be, hereunder, provided such corporation shall be eligible pursuant to Section 10.0111.1 above, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee Trustee, shall mail notice of such merger or consolidation to the Depositor Seller, the Depositor, the Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
Appears in 3 contracts
Samples: Trust Agreement (Chec Funding LLC), Trust Agreement (Renaissance Mortgage Acceptance Corp), Trust Agreement (Renaissance Mortgage Acceptance Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it either may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee Trustee, as the case may be, hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1 above, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee Trustee, shall mail notice of such merger or consolidation to the Depositor Depositor, the Seller, the Transferor, the Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
Appears in 3 contracts
Samples: Trust Agreement (Terwin Securitization LLC), Trust Agreement (First Horizon Asset Securities Inc), Trust Agreement (Lehman Abs Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee shall be the successor of the Owner Trustee hereunderTrustee, provided such corporation shall be eligible pursuant to Section 10.01shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the successor of Owner Trustee hereunder; provided, further, provided that the such corporation shall be eligible pursuant to Section 10.1; and provided further that Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger merger, conversion or consolidation to the Rating Agencies.
Appears in 3 contracts
Samples: Bas Securitization LLC, Lehman Brothers Asset Securitization LLC, Bas Securitization LLC
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Class A Insurer, the Backup Insurer and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 3 contracts
Samples: Trust Agreement (Credit Acceptance Corporation), Trust Agreement (Credit Acceptance Corporation), Trust Agreement (Credit Acceptance Corporation)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided such corporation shall be eligible pursuant to Section 10.019.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, ; anything herein to the contrary notwithstanding; provided, further, further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 3 contracts
Samples: Trust Agreement (Metlife Capital Equipment Loan Trusts), Trust Agreement (Metlife Capital Equipment Loan Trusts), Trust Agreement (Metlife Capital Equipment Loan Trusts)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further (i) that the Owner Trustee shall mail notice of such merger or consolidation to the Rating Agencies, the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation Master Servicer and (ii) any successor Owner Trustee shall file an amendment to the Rating AgenciesCertificate of Trust as required by Section 10.3.
Appears in 3 contracts
Samples: Trust Agreement (Household Automotive Trust v Series 2000 2), Trust Agreement (Household Automotive Trust Vi Series 2000 3), Trust Agreement (Household Automotive Trust Iv Series 2000-1)
Merger or Consolidation of Owner Trustee. Any corporation Person into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided that such corporation Person shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, ; anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 3 contracts
Samples: Trust Agreement (Deere John Receivables Inc), Trust Agreement (Deere John Receivables Inc), Trust Agreement (Deere John Receivables Inc)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Administrator (and the Administrator. The Administrator will provide notice thereof to each Rating Agency pursuant to Section 1(d) of such merger or consolidation to the Rating Agencies.Administration Agreement). 29 (NAROT 2019-C Amended & Restated Trust Agreement)
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2019-C Owner Trust), Trust Agreement (Nissan Auto Receivables 2019-C Owner Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee Trustee, as the case may be, hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1 above, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; providedprovided further that, further, that the Owner Trustee Trustee, shall mail notice of such merger or consolidation to the Depositor Depositor, HFC and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 2 contracts
Samples: Trust Agreement (Household Mortgage Loan Trust 2003-Hc2), Trust Agreement (Household Mortgage Loan Trust 2003-Hc1)
Merger or Consolidation of Owner Trustee. Any corporation ---------------------------------------- into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 2 contracts
Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Administrator (and the Administrator. The Administrator will provide notice thereof to each Rating Agency pursuant to Section 1(e) of such merger or consolidation to the Rating AgenciesAdministration Agreement).
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2011-B Owner Trust), Trust Agreement (Nissan Auto Receivables 2011-B Owner Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Administrator (and the Administrator. The Administrator will provide notice thereof to each Rating Agency pursuant to Section 1(d) of such merger or consolidation to the Rating Agencies.Administration Agreement). 29 (NAROT 2019-A Amended & Restated Trust Agreement)
Appears in 2 contracts
Samples: Trust Agreement (Nissan Auto Receivables 2019-a Owner Trust), Trust Agreement (Nissan Auto Receivables 2019-a Owner Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 2 contracts
Samples: Trust Agreement (Headlands Mortgage Securities Inc), Trust Agreement (Greenpoint Home Equity Loan Trust 1999 2)
Merger or Consolidation of Owner Trustee. Any corporation Person into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided such corporation Person shall be eligible pursuant to Section 10.019.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that (a) the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies, the Indenture Trustee and the Administrator. The Administrator will provide notice of such merger or consolidation Transferor and (b) the Owner Trustee shall file any necessary amendments to the Rating AgenciesNevada Certificate of Trust with the Secretary of State.
Appears in 2 contracts
Samples: Trust Agreement (Atlanticus Holdings Corp), Trust Agreement (Atlanticus Holdings Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
Appears in 2 contracts
Samples: Trust Agreement (Advanta Conduit Receivables Inc), Trust Agreement (Advanta Conduit Receivables Inc)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Administrator (and the Administrator. The Administrator will provide notice thereof to each Rating Agency pursuant to Section 1(d) of such merger or consolidation to the Rating Agencies.Administration Agreement). 29 (NAROT 20[ ]-[ ] Amended & Restated Trust Agreement)
Appears in 2 contracts
Samples: Trust Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Trust Agreement (Nissan Auto Receivables Corp Ii)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall (i) mail notice of such merger or consolidation to the Depositor Note Insurer and the Administrator. The Administrator will provide notice of such merger or consolidation Rating Agencies and (ii) file an amendment to the Rating AgenciesCertificate of Trust as required under Section 10.3 above.
Appears in 2 contracts
Samples: Trust Agreement (United Fidelity Finance LLC), Trust Agreement (United Fidelity Auto Receivables Trust 2002-A)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies; and the Administrator. The Administrator will provide notice of provided further, that such merger or consolidation successor Owner Trustee shall file an amendment to the Rating AgenciesCertificate of Trust as described in Section 10.3.
Appears in 2 contracts
Samples: Trust Agreement (JPMorgan Chase Bank, National Association), Trust Agreement (Chase Manhattan Bank Usa)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided that such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, ; anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 2 contracts
Samples: Trust Agreement (Deere John Receivables Inc), Trust Agreement (Deere John Receivables Inc)
Merger or Consolidation of Owner Trustee. Any corporation Person into which the Owner Trustee may be merged or converted or with which it either may be consolidated or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation Person shall be eligible pursuant to Section 10.0110.1 above, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Depositor, HSBC Finance and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 2 contracts
Samples: Trust Agreement (HSBC Home Equity Loan Trust 2005-3), Trust Agreement (HSBC Home Equity Loan Trust 2005-1)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Class A Insurer and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 2 contracts
Samples: Trust Agreement (Credit Acceptance Corporation), Trust Agreement (Credit Acceptance Corporation)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Board and the Seller (who shall promptly deliver a copy of such notice to the Rating Agencies).
Appears in 2 contracts
Samples: Trust Agreement (Credit Acceptance Corp), Trust Agreement (Credit Acceptance Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01ss. 10.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 2 contracts
Samples: Trust Agreement (Advanta Automobile Receivables Trust 1997-2), Trust Agreement (Advanta Automobile Receivables 1998-1)
Merger or Consolidation of Owner Trustee. Any corporation Person into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation Person shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesLender.
Appears in 2 contracts
Samples: Trust Agreement (American Business Financial Services Inc /De/), Trust Agreement (American Business Financial Services Inc /De/)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee shall be the successor of the Owner Trustee hereunderTrustee, provided such corporation shall be eligible pursuant to Section 10.01shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the successor of Owner Trustee hereunder; provided, further, provided that the such corporation shall be eligible pursuant to Section 10.1; and provided further that Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation Rating Agencies not less than fifteen days prior to the Rating Agencieseffective date thereof.
Appears in 2 contracts
Samples: Trust Agreement (Key Consumer Acceptance Corp), Norwest Auto Receivables Corp
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it either may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee Trustee, as the case may be, hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1 above, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee Trustee, shall mail notice of such merger or consolidation to the Depositor Depositor, the Seller, the Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
Appears in 2 contracts
Samples: Trust Agreement (Bond Securitization LLC), Trust Agreement (Fleet Home Equity Loan Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Insurer and the Administrator. The Administrator Depositor (who will provide notice of such merger or consolidation to notify the Rating Agencies).
Appears in 1 contract
Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2010-B)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Class A Insurer and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesAgency.
Appears in 1 contract
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies [and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesSecurity Insurer].
Appears in 1 contract
Samples: Trust Agreement (AFS Funding Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided that such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; providedprovided further, furtherhowever, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies. SECTION 10.5.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee Trustee, as the case may be, hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1 above, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; providedprovided further that, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Depositor, the Administrator and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesSecurity Insurer.
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Samples: Trust Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee shall be the successor of the Owner Trustee hereunderTrustee, provided such corporation shall be eligible pursuant to Section 10.01shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the successor of Owner Trustee hereunder; provided, further, provided that the such corporation shall be eligible pursuant to SECTION 10.1; and provided further that Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
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Samples: Trust Agreement (Ace Securities Corp Rv & Marine Trust 2001-Rv1)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion merger or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0113.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInitial Class A Certificateholder.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies [and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer].
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Samples: Trust Agreement (AFS SenSub Corp.)
Merger or Consolidation of Owner Trustee. Any corporation ---------------------------------------- into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.016.13, and without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, furtherhowever, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger merger, conversion or consolidation to the Rating Agencies.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee (i) shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation (ii) shall file an amendment to the Rating AgenciesCertificate of Trust as required under Section 9.3, above. SECTION 9.5.
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Samples: Trust Agreement
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the . The Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesInsurer.
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Samples: Trust Agreement (Advanta Revolving Home Equity Loan Trust 2000 A)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation entity succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation entity shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 1 contract
Samples: Trust Agreement (Target Credit Card Owner Trust 2005-1)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the . The Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agency and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesNote Insurer.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided that such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; providedprovided further, furtherhowever, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.. SECTION 10.5
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Samples: Mmca Auto Receivables Inc
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.. (Nissan ______ Amended and Restated Trust Agreement)
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Board and the Administrator. The Administrator will provide notice Seller (who shall promptly deliver a copy of such merger or consolidation notice to the Rating Agencies.). SECTION 10.5
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Samples: Trust Agreement
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or 515151 consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided provided, however, such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Board and the Administrator. The Administrator will provide notice Seller (who shall promptly deliver a copy of such merger or consolidation notice to the Rating Agencies).
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Merger or Consolidation of Owner Trustee. 40 45 Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion conversion, or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 1 contract
Samples: Deposit Trust Agreement (Union Planters Home Equity Corp)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.. Back to Contents
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Samples: Trust Agreement (Americredit Automobile Receivables Trust 2004-a-F)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.019.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
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Merger or Consolidation of Owner Trustee. Any corporation Person into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation Person resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, ; provided such corporation Person shall be eligible pursuant to Section 10.019.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that (a) the Owner Trustee shall mail notice of such merger or consolidation to the Depositor Rating Agencies, the Indenture Trustee and the Administrator. The Administrator will provide notice of such merger or consolidation Transferor and (b) the Owner Trustee shall file any necessary amendments to the Rating AgenciesCertificate of Trust with the Secretary of State.
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Samples: Trust Agreement (Cabela's Credit Card Master Note Trust)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.. 28 (Nissan 2008-A Amended & Restated Trust Agreement)
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the . The Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesAgency.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.
Appears in 1 contract
Samples: Trust Agreement (Bear Stearns Asset Backed Securities Inc)
Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.0110.1, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, provided further that the Owner Trustee shall mail notice of such merger or consolidation to the Rating Agencies, the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating AgenciesMaster Servicer.
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Merger or Consolidation of Owner Trustee. Any corporation into which the Owner Trustee may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Owner Trustee Trustee, shall be the successor of the Owner Trustee hereunder, provided such corporation shall be eligible pursuant to Section 10.01, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, further, that the Owner Trustee shall mail notice of such merger or consolidation to the Depositor and the Administrator. The Administrator will provide notice of such merger or consolidation to the Rating Agencies.. (Nissan 2007-B Amended & Restated Trust Agreement)
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