Initial Agent Sample Clauses
The Initial Agent clause designates the first party or entity responsible for acting as the agent under the agreement. It typically identifies the agent by name and may outline the agent's initial duties, authority, and the conditions under which they begin their role. This clause ensures that all parties are clear about who is authorized to act on behalf of the group or syndicate from the outset, thereby preventing confusion or disputes regarding agency at the start of the contractual relationship.
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Initial Agent. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mortgage Capital Holdings LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇ ▇▇▇ with a copy to: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mortgage Capital Holdings LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: Legal Compliance Division and a copy by e-mail to: ▇▇▇▇_▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
1. ▇▇▇▇▇▇▇▇▇ Partners
2. DLJ Real Estate Capital Partners
3. iStar Financial Inc.
Initial Agent. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mortgage Capital Holdings LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇ ▇▇▇ with a copy to: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mortgage Capital Holdings LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ New York, New York 10019 Attention: Legal Compliance Division and a copy by e-mail to:
1. ▇▇▇▇▇▇▇▇▇ Partners
2. DLJ Real Estate Capital Partners
3. iStar Financial Inc.
4. Capital Trust, Inc.
5. Lend-Lease Real Estate Investments
6. Archon Capital, L.P.
7. Whitehall Street Real Estate Fund, L.P.
8. The Blackstone Group International Ltd.
9. Apollo Real Estate Advisors 10. Colony Capital, LLC 11. Praedium Group 12. JER Partners 13. Fortress Investment Group LLC 14. Lone Star Funds 15. Clarion Partners
Initial Agent. (a) Initial Agent is acting as initial agent under this Agreement, the Project Loan Mortgage and the Project Loan Assignment of Leases solely for the purpose of making available to Borrower an exemption from mortgage recording tax so that the Project may be financially feasible for Borrower. In order to accomplish the foregoing, Initial Agent hereby agrees to submit the Project Loan Mortgage and the Project Loan Assignment of Leases to the Office of the City Register of New York County for recordation. Upon such submission for recording of the Project Loan Mortgage and the Project Loan Assignment of Leases, effective immediately, automatically and without any further action whatsoever, Initial Agent shall be deemed to have (i) resigned as the initial agent (and the parties hereto consent to and accept such resignation), and (ii) assigned unto Agent all of Initial Agent’s right, title and interest as initial agent under this Agreement, the Project Loan Mortgage and the Project Loan Assignment of Leases (and Agent shall be deemed to have consented to and accepted such assignments). The foregoing assignments are made without recourse, representation or warranty by Initial Agent, in any case or event or for any purpose whatsoever. In confirmation of (and simultaneously with) the foregoing assignments, Initial Agent and Agent shall execute an assignment and assumption agreement evidencing such assignment which shall be submitted for recording in the Office of the City Register of New York County immediately after the submission of the Project Loan Mortgage and the Project Loan Assignment of Leases.
(b) Except as set forth in Section 8.08(a), Initial Agent has no beneficial interest in or discretionary authority, and has no obligations, responsibilities or liabilities, as initial agent under this Agreement, the Project Loan Mortgage, the Project Loan Assignment of Leases and such Project Loan Notes. Initial Agent has no beneficial interest in or discretionary authority, and has no obligations, responsibilities or liabilities, under any other Project Loan Document.
(c) Borrower acknowledges that Initial Agent is entering into this Agreement solely as an accommodation to Borrower and that Initial Agent shall have absolutely no obligations, responsibilities or liabilities under this Agreement or any other Loan Document except to the extent set forth in Section 8.08(a). The parties hereto acknowledge that the Initial Agent is executing this Agreement solely to bind ...
Initial Agent. Morgan S▇▇▇▇▇▇ Mortgage Capital Holdings LLC 158▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇tention: J▇▇▇ ▇▇▇ with a copy to: Morgan S▇▇▇▇▇▇ Mortgage Capital Holdings LLC 163▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇ew York, New York 10019 Attention: Legal Compliance Division and a copy by e-mail to:
1. Westbrook Partners
2. DLJ Real Estate Capital Partners
Initial Agent. The initial agent for services of process of the Company shall be ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and her address is ▇▇▇▇▇▇▇▇ ▇▇▇▇, 4 Calle Mexico ▇▇▇▇. ▇▇▇, ▇▇▇ ▇▇▇▇, Puerto Rico 00917-2206. The Manager may from time to time change the Company's agent for services of process.
Initial Agent. The initial agent for service of process on the Company shall be ▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Suite 1500, Los Angeles, CA 90024. The Members may from time to time change the Company’s agent for service of process.
Initial Agent. Morgan Stanley Mortgage Capital Holdings LLC 1585 Broadway New York, New York 10036 Attention: Jane Lam with a copy to: Morgan Stanley Mortgage Capital Holdings LLC 1633 Broadway, 29th Floor New York, New York 10019 Attention: Legal Compliance Division and a copy by e-mail to:
1. Westbrook Partners
2. DLJ Real Estate Capital Partners
3. iStar Financial Inc.
4. Capital Trust, Inc.
5. Lend-Lease Real Estate Investments
6. Archon Capital, L.P.
7. Whitehall Street Real Estate Fund, L.P.
8. The Blackstone Group International Ltd.
9. Apollo Real Estate Advisors 10. Colony Capital, LLC 11. Praedium Group 12. JER Partners 13. Fortress Investment Group LLC 14. Lone Star Funds 15. Clarion Partners