Common use of Appointment of Special Servicer Clause in Contracts

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3 PSA and the Note A-4 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 5 contracts

Samples: Co Lender Agreement (CD 2016-Cd2 Mortgage Trust), Co Lender Agreement (CD 2017-Cd3 Mortgage Trust), Co Lender Agreement (COMM 2016-Cor1 Mortgage Trust)

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Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-2-1 A-2A PSA, the Note A-2-2 A-2B PSA, the Note A-3 A-3A PSA, the Note A-3B PSA and the Note A-4 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 4 contracts

Samples: Lender Agreement (Citigroup Commercial Mortgage Trust 2016-C3), Lender Agreement (CD 2016-Cd2 Mortgage Trust), Lender Agreement (CD 2017-Cd3 Mortgage Trust)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 A-2 PSA, the Note A-3 PSA, the Note A-4 PSA, the Note A-5 PSA and the Note A-4 SGCMS 2016-C5 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 4 contracts

Samples: Lender Agreement (SG Commercial Mortgage Securities Trust 2016-C5), Lender Agreement, Lender Agreement (Morgan Stanley Capital I Trust 2016-Ubs11)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-2-1 A-2 PSA, the DC2 PSA, the Note A-2-2 PSA, the Note A-3 A-5 PSA and the Note A-4 A-6 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 4 contracts

Samples: Lender Agreement (JPMDB Commercial Mortgage Securities Trust 2016-C2), Co Lender Agreement (DBJPM 2016-C1 Mortgage Trust), Lender Agreement (COMM 2016-Dc2 Mortgage Trust)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, for so long as the Lead Note is included in the Lead Securitization, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3 PSA and the Note A-4 A-2 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 4 contracts

Samples: Lender Agreement (Wells Fargo Commercial Mortgage Trust 2016-Lc24), Lender Agreement (DBJPM 2016-C3 Mortgage Trust), Lender Agreement (Citigroup Commercial Mortgage Trust 2016-C2)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-2-1 A-4 PSA, the Note A-2-2 PSA, the Note A-3 A-5 PSA and the Note A-4 WFCM 2016-NXS6 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 3 contracts

Samples: Co Lender Agreement (Citigroup Commercial Mortgage Trust 2017-P7), Co Lender Agreement (CSMC 2016-NXSR Commercial Mortgage Trust), Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2016-Nxs6)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 A-2 PSA, the Note A-3 PSA, the Note A-4 PSA and the Note A-4 A-5 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 3 contracts

Samples: Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2016-Nxs5), Lender Agreement (Wells Fargo Commercial Mortgage Trust 2015-Nxs4), Lender Agreement (Citigroup Commercial Mortgage Trust 2016-P3)

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Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 C1 PSA, the Note A-2A-1-1 2 PSA, the Note A-2-2 PSA, the Note A-3 PSA and the Note A-4 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 3 contracts

Samples: Co Lender Agreement (CFCRE 2016-C6 Mortgage Trust), Co Lender Agreement (Citigroup Commercial Mortgage Trust 2016-P4), Co Lender Agreement (Citigroup Commercial Mortgage Trust 2016-C1)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 C33 PSA, the Note A-2A-3-1 A PSA, the Note A-2A-3-2 B PSA, the Note A-3 A-4-A PSA and the Note A-4 A-4-B PSA and a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 2 contracts

Samples: Lender Agreement (Wells Fargo Commercial Mortgage Trust 2016-C33), Lender Agreement (JPMDB Commercial Mortgage Securities Trust 2016-C2)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 A-1-A PSA, the Note A-2A-1-1 B PSA, the Note A-2-2 A-2 PSA, the Note A-3 PSA and the Note A-4 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 1 contract

Samples: Lender Agreement (COMM 2016-Dc2 Mortgage Trust)

Appointment of Special Servicer. Subject to the terms of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause, to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the other Holders and the parties to the Note A-1 A-1-A PSA, the Note A-2A-1-1 B PSA, the Note A-2-2 PSA, the Note A-3 A-2 PSA and the Note A-4 A-3 PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including, without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.

Appears in 1 contract

Samples: Co Lender Agreement (CD 2016-Cd1 Mortgage Trust)

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