Merger or Consolidation of Collateral Agent. Any corporation into which the Collateral Agent 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 Collateral Agent shall be a party, or any corporation succeeding to the corporate trust business of the Collateral Agent, shall be the successor of the Collateral Agent hereunder, provided such corporation shall be eligible under the provisions of Section 7.7 hereof, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
Appears in 1 contract
Sources: Note Purchase Agreement (Stratstone/Bluegreen Secured Income Fund, LLC)
Merger or Consolidation of Collateral Agent. Any corporation entity into which the Collateral Agent may be merged or converted or with which it may be consolidated, consolidated or any corporation entity resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any corporation entity succeeding to all or substantially all of the corporate trust business of the Collateral Agent, Agent shall be the successor of the Collateral Agent hereunder, provided such corporation shall be eligible under the provisions of Section 7.7 hereof, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
Appears in 1 contract
Sources: Loan and Security Agreement (Frontier Communications Parent, Inc.)