Common use of Merger or Consolidation of Indenture Trustee or Securities Administrator Clause in Contracts

Merger or Consolidation of Indenture Trustee or Securities Administrator. The consequences of merger or consolidation of the Indenture Trustee are set forth in Section 6.09 of the Indenture. Any entity into which the Securities Administrator may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Securities Administrator shall be a party, or any entity succeeding to the corporate trust business of the Securities Administrator, shall be the successor of the Securities Administrator, as applicable, hereunder, provided such entity shall be eligible under the provisions of Section 8.06 and 8.08 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 6 contracts

Sources: Sale and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-2), Sale and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-1), Sale and Servicing Agreement (Thornburg Mortgage Securities Corp)