Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 Holder. In the event that the Agent is terminated pursuant to this Section 39, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc., as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc., as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereof, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 3 contracts
Sources: Agreement Between Noteholders (Morgan Stanley Capital I Trust 2015-Ubs8), Agreement Between Noteholders (CSAIL 2015-C3 Commercial Mortgage Trust), Agreement Between Noteholders (Bank of America Merrill Lynch Commercial Mortgage Trust 2015-Ubs7)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 Holder. In the event that the Agent is terminated pursuant to this Section 3934, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the NoteholdersHolders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.Natixis, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any NoteholderHolder. UBS Real Estate Securities Inc.Natixis, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything the to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofA-1, the Certificate Administrator (or the Trustee, as applicable) certificate administrator shall automatically become and be the Agent.
Appears in 2 contracts
Sources: Co Lender Agreement (UBS Commercial Mortgage Trust 2018-C15), Co Lender Agreement (UBS Commercial Mortgage Trust 2018-C13)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderLead Securitization Noteholder. In the event that the Agent is terminated pursuant to this Section 3937, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS GS Commercial Real Estate Securities Inc.LP, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS GS Commercial Real Estate Securities Inc.LP, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything the to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofLead Securitization Note, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 2 contracts
Sources: Agreement Between Noteholders (GS Mortgage Securities Trust 2016-Gs3), Agreement Between Noteholders (Gs Mortgage Securities Corp Ii)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderLead Securitization Noteholder. In the event that the Agent is terminated pursuant to this Section 3937, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc.▇▇▇▇▇▇▇ Sachs Bank USA, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything the to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofLead Securitization Note, the Certificate Administrator (or the Trustee, as applicable) Master Servicer shall automatically become and be the Agent.
Appears in 1 contract
Sources: Agreement Between Noteholders (GS Mortgage Securities Trust 2018-Gs10)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 A Holder. In the event that the Agent is terminated pursuant to this Section 3937, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.Natixis, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc.Natixis, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything the to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofA, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 1 contract
Sources: Co Lender Agreement (CSAIL 2018-Cx12 Commercial Mortgage Trust)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderLead Securitization Noteholder. In the event that the Agent is terminated pursuant to this Section 3937, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Company, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc.▇▇▇▇▇▇▇ Sachs Mortgage Company, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything the to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofLead Securitization Note, the Certificate Administrator (or the Trustee, as applicable) Master Servicer shall automatically become and be the Agent.
Appears in 1 contract
Sources: Agreement Between Noteholders (GS Mortgage Securities Trust 2018-Gs10)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderSenior Noteholder. In the event that the Agent is terminated pursuant to this Section 3937, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.Rialto Mortgage Finance, LLC, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc.Rialto Mortgage Finance, LLC, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything the to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofNote, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 1 contract
Sources: Agreement Between Noteholders (CSAIL 2016-C5 Commercial Mortgage Trust)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderSenior Noteholder. In the event that the Agent is terminated pursuant to this Section 39, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc., as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc., as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofNote, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 1 contract
Sources: Agreement Between Noteholders (Bank of America Merrill Lynch Commercial Mortgage Trust 2015-Ubs7)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderSenior Noteholder. In the event that the Agent is terminated pursuant to this Section 39, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.JPMorgan Chase Bank, National Association, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc.JPMorgan Chase Bank, National Association, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofNote, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 1 contract
Sources: Agreement Between Noteholders (JPMBB Commercial Mortgage Securities Trust 2015-C31)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 Holder. In the event that the Agent is terminated pursuant to this Section 3935, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the NoteholdersHolders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.Natixis, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any NoteholderHolder. UBS Real Estate Securities Inc.Natixis, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything the to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofA-1, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 1 contract
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 A Holder. In the event that the Agent is terminated pursuant to this Section 39, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.Benefit Street Partners CRE Finance LLC, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc.Benefit Street Partners CRE Finance LLC, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereof, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 1 contract
Sources: Co Lender Agreement (JPMCC Commercial Mortgage Securities Trust 2016-Jp3)
Termination of Agent. The Agent may be terminated at any time upon ten (10) days prior written notice from the Note A-1 HolderSenior Noteholder. In the event that the Agent is terminated pursuant to this Section 39, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. The Agent may resign at any time upon notice, so long as a successor Agent, reasonably satisfactory to the Noteholders, has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. UBS Real Estate Securities Inc.AG New York Branch, as Initial Agent, may transfer its rights and obligations to the Servicer, as successor Agent, at any time without the consent of any Noteholder. UBS Real Estate Securities Inc.AG New York Branch, as Initial Agent, shall promptly and diligently attempt to cause such Servicer to act as successor Agent, and, if such Servicer declines to act in such capacity, shall promptly and diligently attempt to cause a similar servicer to act as successor Agent. The termination or resignation of such Servicer, as Servicer under the Servicing Agreement, shall be deemed a termination or resignation of such Servicer as Agent under this Agreement. Notwithstanding anything to the contrary in this Agreement, upon a Securitization of the Senior Note or any portion thereofNote, the Certificate Administrator (or the Trustee, as applicable) shall automatically become and be the Agent.
Appears in 1 contract
Sources: Agreement Between Noteholders (Benchmark 2025-B41 Mortgage Trust)