Merger or Consolidation of Participant Clause Samples

Merger or Consolidation of Participant. Any entity into which the Participant may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Participant shall be a party, or any entity succeeding to the business of the Participant, shall be the successor of the Participant hereunder without the execution or filing of any document or instrument, or any further act on the part of any of the parties hereto, but this provision is not intended to be a consent to any such act to the extent it otherwise violates the terms of this Origination Agreement. The Participant shall immediately notify the Authority in writing of any such merger, conversion or consolidation at its earliest opportunity. The Authority, in its sole discretion, may reject any successor as party to this Origination Agreement and thereby terminate this Origination Agreement except as to Participant's liability previously incurred hereunder.
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Merger or Consolidation of Participant. Any entity into which the Participant may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Participant shall be a party, or any entity succeeding to the business of the Participant, shall be the successor of the Participant hereunder without the execution or filing of any document or instrument, or any further act on the part of any of the parties hereto, but this provision shall not be construed as consent to any such act to the extent it otherwise violates the terms of this Origination Agreement.
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Merger or Consolidation of Participant. A ny entity i nto which the Participant m ay be m erged o r co nsolidated, o r an y ent ity r esulting f rom an y merger, co nversion or co nsolidation t o w hich t he P articipant s hall be a p arty, or any entity s ucceeding t o t he business of t he P articipant, s hall b e t he su ccessor of t he Participant hereunder without the execution or f iling of any document or instrument, or any f urther act on t he par t o f a ny of t he parties hereto, but t his provision i s no t intended to be a consent to any such act to the extent it otherwise violates the terms of this Origination Agreement. The P articipant s hall i mmediately no tify t he Authority i n w riting o f a ny s uch merger, conversion or c onsolidation at i ts earliest oppor tunity. T he A uthority, in i ts s ole discretion, m ay reject any s uccessor a s party t o t his O rigination Agreement and thereby t erminate t his Origination A greement ex cept as to Participant's liability previously incurred hereunder.
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Merger or Consolidation of Participant. 16 Section 4.02. Participant To Assist Other Parties 16 Section 4.03. Notifications 16
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Related to Merger or Consolidation of Participant

  • Merger or Consolidation of Servicer Any Person into which the Servicer may be merged or consolidated, or any corporation, or other entity resulting from any merger conversion or consolidation to which the Servicer shall be a party, or any Person succeeding to all or substantially all of the business of the Servicer (which Person assumes the obligations of the Servicer), shall be the successor of the Servicer hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The Servicer shall give prior written notice of any such merger or consolidation to which it is a party to the Issuer, the Owner Trustee, the Indenture Trustee and the Rating Agencies.

  • Merger or Consolidation of Custodian Any Person into which the Custodian may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Custodian shall be a party, or any Person succeeding to the business of the Custodian, shall be the successor of the Custodian hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

  • Merger or Consolidation of Trustee Any corporation into which the 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 Trustee shall be a party, or any corporation succeeding to the business of the Trustee, shall be the successor of the Trustee hereunder, provided that such corporation shall be eligible under the provisions of Section 8.06 hereof without the execution or filing of any paper or further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

  • Merger or Consolidation of Rights Agent Any corporation into which the Rights Agent may be merged or with which it may be consolidated or any corporation resulting from any merger or consolidation to which the Rights Agent shall be a party shall be the successor Rights Agent under this Agreement without any further act.

  • Merger or Consolidation of the Trustee Any corporation into which the 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 Trustee shall be a party, or any corporation succeeding to the business of the Trustee, shall be the successor of the Trustee hereunder; provided, that such corporation shall be eligible under Section 8.06 without the execution or filing of any paper or further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.