Appointment of Subsequent Designated Agent Clause Samples

Appointment of Subsequent Designated Agent. Seller hereby authorizes the Managing Broker, if necessary, to appoint a licensee, other than the licensee named above, as Designated Agent for the Seller, to the exclusion of any other licensees associated with Broker. This shall be accomplished through an amendment to this Agreement, if necessary.
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Appointment of Subsequent Designated Agent. Buyer hereby authorizes the Managing Broker, if necessary, 152 to appoint a licensee, other than the Licensee named above, as Designated Agent for the Buyer, to the exclusion 153 of any other licensees associated with Broker. This shall be accomplished through an amendment to this 154 Agreement, if necessary. 155 3. Default to Facilitator in the event that both parties are represented by the same Designated Agent. The 156 Designated Agent shall default to Facilitator status for all showings or transactions involving the same 157 Designated Agent for both the Buyer and a prospective Seller, immediately notifying (verbally) the Buyer and 158 the Seller of the need to default to this Facilitator status to be confirmed in writing prior to the execution of the 159 contract. Upon any default to Facilitator status, the former Designated Agent must assume a neutral position 160 and will not be an advocate for either the Buyer or any prospective Seller.
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Appointment of Subsequent Designated Agent. Owner hereby authorizes the Managing Broker, if 141 necessary, to appoint a licensee, other than the licensee named above, as Designated Agent for the 142 Owner, to the exclusion of any other licensees associated with Broker. This shall be accomplished 143 through an amendment to this Agreement, if necessary. 144 c. Default to Facilitator in the event both parties are represented by the same Designated Agent. A 145 facilitator is a licensee not working as an agent for either party in a consumer’s prospective transaction. 146 A Facilitator may advise either or both of the parties to a transaction but cannot be considered a 147 representative or advocate of either party. “Transaction Broker” may be used synonymously with, or in ___________________________________________ 148 lieu of, “Facilitator” as used in any disclosures, forms or agreements. [By law, any licensee or company 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 166 1. 167 2. 168 3. 169 170 171 172 173 174 4. 175 5. 176 177 178 6. 179 7. 180 181 182 183 184 185 186 165 187 188 189 190 191 192 193 194 195 who has not entered into a written agency agreement with either party in the transaction is considered a Facilitator or Transaction Broker until such time as an agency agreement is established.] The Designated Agent shall default to Facilitator status for all showings or transactions involving the same Designated Agent for both the Owner and a prospective tenant, immediately notifying (verbally) the Owner and tenant of the need to default to this Facilitator status to be confirmed in writing prior to the execution of the contract. Upon any default to Facilitator status, the Designated Agent must assume a neutral position and will not be an advocate for either the Owner or any prospective tenants.
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Appointment of Subsequent Designated Agent. Buyer hereby authorizes the Managing Broker, if necessary,
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Appointment of Subsequent Designated Agent. The Seller grants the Managing Broker the authority to appoint another licensee ▇▇▇.▇▇ the Designated Agent for the Seller, if necessary, replacing the originally named licensee. This new appointment will exclude all 206.other licensees associated with the Firm and will be documented through an amendment to this Agreement, if applicable. 207. c. Default to Facilitator in the event both parties are represented by the same Designated Agent. If the same Designated Agent 208.represents both the Seller and a prospective buyer in a transaction, the Designated Agent will default to Facilitator status. The agent must 209.immediately notify both the Seller and the buyer verbally and confirm the default to Facilitator status in writing prior to the execution of a 210.contract. While acting as a Facilitator, the agent assumes a neutral position and will not advocate for either the Seller or the buyer.
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Related to Appointment of Subsequent Designated Agent

  • APPOINTMENT OF SUB-ADVISER The Adviser hereby appoints the Sub-Adviser to act as sub-adviser to the Portfolio(s), subject to the supervision and oversight of the Adviser and the Trust Board, and in accordance with the terms and conditions of this Agreement. The Sub-Adviser will be an independent contractor and will have no authority to act for or represent the Adviser or the Trust in any way or otherwise be deemed an agent of the Adviser or the Trust, except as expressly authorized in this Agreement or another writing by the Adviser or the Trust and the Sub-Adviser.

  • Appointment of Sub-processors Client acknowledges and agrees that (a) Data Processor’s Affiliates may be used as Sub-processors; and (b) Data Processor and/or Data Processor’s Affiliates respectively may engage third-party Sub-processors in connection with the provision of the Services.

  • Appointment of Subservicer The Servicer may at any time appoint a subservicer to perform all or any portion of its obligations as Servicer hereunder; provided, however, that the Rating Agency Condition shall have been satisfied in connection therewith (other than with respect to the appointment of CNHICA, as subservicer, with respect to the Receivables); and provided further, that the Servicer shall remain obligated and be liable to the Issuing Entity, the Trustee, the Indenture Trustee, the Certificateholders and the Noteholders for the servicing and administering of the Receivables in accordance with the provisions hereof without diminution of such obligation and liability by virtue of the appointment of such subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Receivables. The fees and expenses of any subservicer shall be as agreed between the Servicer and such subservicer from time to time and none of the Issuing Entity, the Trustee, the Indenture Trustee, the Certificateholders or the Noteholders shall have any responsibility therefor.

  • Appointment of Special Servicer The Controlling Note Holder (or its Controlling Note Holder Representative) shall have the right (subject to the terms, conditions and limitations in the Lead Securitization Servicing Agreement) 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 replacement Special Servicer with the Required Special Servicer Rating. Any designation by the Controlling Note Holder (or its Controlling Note Holder Representative) of a Person to serve as Special Servicer shall be made by delivering to each other Note Holder, the Master Servicer, the Special Servicer and each other party to the Lead Securitization Servicing Agreement a written notice stating such designation and satisfying the other conditions to such replacement as set forth in the Lead Securitization Servicing Agreement and delivering a Rating Agency Communication to each Rating Agency (or obtaining a Rating Agency Confirmation from each Rating Agency, but only if required by the terms of the Lead Securitization Servicing Agreement). The Controlling Note Holder shall be solely responsible for any expenses incurred in connection with any such replacement without cause. The Controlling Note Holder shall notify the other parties hereto of its termination of the then currently serving Special Servicer and its appointment of a replacement Special Servicer in accordance with this Section 7. If the Controlling Note Holder has not appointed a Special Servicer with respect to the Mortgage Loan as of the consummation of the securitization under the Lead Securitization Servicing Agreement, then the initial Special Servicer designated in the Lead Securitization Servicing Agreement shall serve as the initial Special Servicer but this shall not limit the right of the Controlling Note Holder (or its Controlling Note Holder Representative) to designate a replacement Special Servicer for the Mortgage Loan as aforesaid. If a Servicer Termination Event on the part of the Special Servicer has occurred that affects any Non-Controlling Note Holder, such Non-Controlling Note Holder shall have the right to direct the Trustee (or at any time that the Mortgage Loan is no longer included in a Securitization Trust, the Controlling Note Holder) to terminate the Special Servicer under the Lead Securitization Servicing Agreement solely with respect to the Mortgage Loan pursuant to and in accordance with the terms of the Lead Securitization Servicing Agreement. Each Note Holder acknowledges and agrees that any successor special servicer appointed to replace the Special Servicer with respect to the Mortgage Loan that was terminated for cause at a Non-Controlling Note Holder’s direction cannot at any time be the person (or an Affiliate thereof) that was so terminated without the prior written consent of such Non-Controlling Note Holder. Each Non-Controlling Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Lead Securitization’s “collection account”.

  • Appointment of Sub-Advisor In accordance with and subject to the Management Agreement, the Manager hereby appoints the Sub-Advisor to perform the services described in Section 2 below for investment and reinvestment of the securities and other assets of the Series, subject to the control and direction of the Manager and the Fund's Board of Directors, for the period and on the terms hereinafter set forth. The Sub-Advisor accepts such appointment and agrees to furnish the services hereinafter set forth for the compensation herein provided. The Sub-Advisor shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized, have no authority to act for or represent the Fund or the Manager in any way or otherwise be deemed an agent of the Fund or the Manager.