Common use of Merger or Consolidation Transfer of Assets Clause in Contracts

Merger or Consolidation Transfer of Assets. If a Co-Trustee merges or consolidates with, or transfers its corporate trust business or assets to, any Person, the resulting, surviving or transferee Person will be the successor Owner Trustee or Delaware Trustee, as applicable, so long as that Person is qualified and eligible under Section 9.1. The Co-Trustee will (i) notify the Issuer and the Administrator (who will notify the Rating Agencies) of the merger or consolidation within 15 Business Days of the event and (ii) if that Co-Trustee is the Delaware Trustee, file a certificate of amendment to the Certificate of Trust as required by Section 9.3(e).

Merger or Consolidation Transfer of Assets. If a Co-Trustee merges or consolidates with, or transfers its corporate trust business or assets to, any Person, the resulting, surviving or transferee Person will be the successor Owner Trustee [or Delaware Trustee, as applicable, ,] so long as that Person is qualified and eligible under Section 9.1. The Co-Trustee will (i) notify the Issuer and the Administrator (who will notify the Rating Agencies) of the merger or consolidation within 15 Business Days of the event and (ii) [if that Co-Trustee is the Delaware Trustee, ,] file a certificate of amendment to the Certificate of Trust as required by Section 9.3(e).

Merger or Consolidation Transfer of Assets. If a Co-Trustee merges or consolidates with, or transfers its corporate trust business or assets to, any Person, the resulting, surviving or transferee Person will be the successor Owner Trustee [or Delaware Trustee, as applicable, ,] so long as that Person is qualified and eligible under Section 9.1. The Co-Trustee will Trustee (i) notify the Issuer and the Administrator (who will notify the Rating Agencies) of the merger or consolidation within 15 Business Days of the event and (ii) [if that Co-Trustee is the Delaware Trustee, ,] file a certificate of amendment to the Certificate of Trust as required by Section 9.3(e).