Delegation of Servicing. At the option of Lender, the Loan may be serviced by one or more servicers selected by Lender and Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to such servicer or servicers pursuant to a servicing agreement between Lender and such servicer.
Appears in 20 contracts
Samples: Loan Agreement (Stirling Hotels & Resorts, Inc.), Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)
Delegation of Servicing. At the option of Lender, the Loan may be serviced by one or more servicers a servicer/trustee selected by Lender (the “Servicer”) and Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to such servicer or servicers servicer/trustee pursuant to a servicing agreement between Lender and such servicer/trustee.
Appears in 4 contracts
Samples: Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)
Delegation of Servicing. At the option of Lender, the Loan may be serviced by one or more servicers a servicer/trustee selected by Lender and Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to such servicer or servicers servicer/trustee pursuant to a servicing agreement between Lender and such servicer/trustee; provided, however, Lender shall give Borrower notice of Lender’s selection of any such servicer within a reasonable period of time thereafter.
Appears in 2 contracts
Samples: Loan Agreement (Bon Ton Stores Inc), Loan Agreement (Bon Ton Stores Inc)
Delegation of Servicing. At the option of Lender, upon prior written notice to Borrower, the Loan may be serviced by one or more servicers a servicer/trustee selected by Lender and Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to such servicer or servicers servicer/trustee pursuant to a servicing agreement between Lender and such servicer/trustee.
Appears in 2 contracts
Samples: Loan Agreement (CNL Income Properties Inc), Loan Agreement (CNL Income Properties Inc)
Delegation of Servicing. At the option of Lender, the Loan may be serviced by one or more servicers a servicer/trustee selected by Lender (the “Servicer”) and Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to such servicer or servicers Servicer pursuant to a servicing agreement between Lender and such servicerServicer. As of the Closing Date, Agent is Servicer of the Loan.
Appears in 1 contract
Samples: Mortgage Loan Agreement (Ashford Hospitality Trust Inc)
