Common use of Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative Clause in Contracts

Appointment of Controlling Note Holder Representative and Non-Controlling Note Holder Representative. (a) The Controlling Note Holder shall have the right at any time to appoint a representative in connection with the exercise of its rights and obligations with respect to the Mortgage Loan (the “Controlling Note Holder Representative”). The Controlling Note Holder shall have the right in its sole discretion at any time and from time to time to remove and replace the Controlling Note Holder Representative in accordance with the terms of the Lead