Appointment and Designation. The Partners hereby authorize the Partnership to appoint the Administrative General Partner as the initial partnership representative of the Partnership pursuant to Section 6223(a) of the Code (the “Partnership Representative”). The Administrative General Partner shall be appointed the Partnership Representative for each taxable year of the Partnership provided that if an event or circumstance has occurred which, with the giving of notice or the passage of time, would constitute a Removal Default hereunder or a default by the Partnership Representative or Designated Individual of its/his/her duties and obligations under this Section 13.04, the Consent of the Limited Partner must be obtained before the Partnership Representative is appointed for any taxable year of the Partnership. The Partnership Representative shall timely designate an individual to serve as the sole individual through whom the Partnership Representative will act for purposes of the Revised Partnership Audit Rules (the “Designated Individual”) with the Consent of the Limited Partner. No later than the effective date of the designation of the Designated Individual as the Designated Individual or of the Partnership Representative as the Partnership Representative, such Designated Individual or Partnership Representative, as applicable, must agree in writing to be bound by the same obligations and restrictions imposed on the Partnership Representative under this Section 13.04 prior to and as condition of such designation.
Appointment and Designation. We hereby appoint you on a non-exclusive basis as a licensed-only agent to solicit applications for Policies in accordance with this Agreement. Such appointment is non-exclusive in all respects; without limiting the generality of the foregoing, you have no exclusive rights to territory, market or products.
Appointment and Designation. (a) Until the Agent gives notice to the Company of a designation of a Person to replace the Servicer (the “Successor Servicer”) upon the occurrence and during the continuance of any Servicer Default, or consents in writing to the appointment by the Company of a Successor Servicer, Mossimo Management has been designated as, and agreed to perform the duties and obligations of, the Servicer, pursuant to the terms hereof and in accordance with the Management Agreement at all times until the earlier of the Agent’s designation of a Successor Servicer (upon the occurrence and during the continuance of any Servicer Default) and the delivery by the Agent of its written consent to the appointment by the Company of a Successor Servicer or the Loan Repayment Date. Upon the occurrence and during the continuance of any Servicer Default, the Agent may at any time (with the approval of the Lenders) designate a Successor Servicer to succeed Mossimo Management or any Successor Servicer, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof and the Management Agreement. Each of the Company and each Person serving in the capacity of a “Servicer” grants to the Agent and any Successor Servicer an irrevocable power of attorney to take any and all steps in the Company’s, or such Person’s name, as applicable, and on behalf of the Company or such Person, necessary, appropriate or desirable, in the determination of the Agent or such Successor Servicer, to perform any of the Servicing Functions.
Appointment and Designation. 2.1. The Company hereby engages the Employee at the designation prescribed under Part A of Annexure A on the terms and conditions set out herein. Further, the Employee shall report directly to the person provided under Part A of Annexure A.
Appointment and Designation
