Merger or Consolidation of Trustee or Securities Administrator. Any entity into which the Trustee or Securities Administrator, as applicable, 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 Trustee or Securities Administrator, as applicable, shall be a party, or any entity succeeding to the business of the Trustee or Securities Administrator, as the case may be, shall be the successor of such entity hereunder, provided such entity shall be eligible under the provisions of Section 8.06 and 8.08, 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; provided, however, that the Trustee and such surviving Person or the Securities Administrator and such surviving Person, as the case may be, shall notify the Depositor of any such merger, conversion or consolidation and shall provide the Depositor with all information required by the Depositor to comply with its reporting obligation under Item 6.02 of Form 8-K not later than the effective date of such merger, conversion or consolidation.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (ABFC 2007-Wmc1 Trust)
Merger or Consolidation of Trustee or Securities Administrator. Any entity into which the Trustee or Securities Administrator, as applicable, 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 Trustee or Securities Administrator, as applicable, shall be a party, or any entity succeeding to the business of the Trustee or Securities Administrator, as the case may be, shall be the successor of such entity the hereunder, provided such entity shall be eligible under the provisions of Section 8.06 and 8.08, 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; provided, however, that the Trustee and such surviving Person or the Securities Administrator and such surviving Person, as the case may be, shall notify the Depositor of any such merger, conversion or consolidation and shall provide the Depositor with all information required by the Depositor to comply with its reporting obligation under Item 6.02 of Form 8-K not later than the effective date of such merger, conversion or consolidation.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (ABFC 2006-He1 Trust)