Common use of Successors and Assigns; Assignment of Agreement Clause in Contracts

Successors and Assigns; Assignment of Agreement. This Agreement shall bind and inure to the benefit of and be enforceable by the Sub-Servicer and the Master Servicer and the respective successors and assigns of the Sub-Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated by the Sub-Servicer to a third party except as otherwise specifically provided for herein. If the Master Servicer shall for any reason no longer act in such capacity under the Pooling and Servicing Agreement (including by reason of a Servicer Termination Event), the Trustee or its designee or any other successor to the Master Servicer may thereupon assume all of the rights and, except to the extent they arose prior to the date of assumption, obligations of the Master Servicer under this Agreement, subject to the Sub-Servicer’s rights hereunder, including the right to retain accrued and unpaid Sub-Servicing Fees.

Appears in 5 contracts

Samples: Sub Servicing Agreement (Morgan Stanley Capital I Trust 2019-H6), Sub Servicing Agreement (BBCMS Mortgage Trust 2018-C2), Sub Servicing Agreement (UBS Commercial Mortgage Trust 2018-C10)

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Successors and Assigns; Assignment of Agreement. This Agreement shall bind and inure to the benefit of and be enforceable by the Sub-Primary Servicer and the Master Servicer and the respective successors and assigns of the Sub-Primary Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated by the Sub-Primary Servicer to a third party except as otherwise specifically provided for herein. If the Master Servicer shall for any reason no longer act in such capacity under the Pooling and Servicing Agreement (including by reason of a Servicer Termination Event), the Trustee or its designee or any other successor to the Master Servicer may thereupon assume all of the rights and, except to the extent they arose prior to the date of assumption, obligations of the Master Servicer under this Agreement, subject to the Sub-Primary Servicer’s rights hereunder, including the right to retain accrued and unpaid Sub-Primary Servicing Fees.

Appears in 5 contracts

Samples: Primary Servicing Agreement (Citigroup Commercial Mortgage Trust 2018-C6), Primary Servicing Agreement (CFCRE 2016-C6 Mortgage Trust), Primary Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-C1)

Successors and Assigns; Assignment of Agreement. This Agreement shall bind and inure to the benefit of and be enforceable by the Sub-Primary Servicer and the Master Servicer and the respective successors and assigns of the Sub-Primary Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated by the Sub-Primary Servicer to a third party except as otherwise specifically provided for herein. If the Master Servicer shall for any reason no longer act in such capacity under the Pooling and Servicing Agreement Agreement, (including by reason of a Primary Servicer Termination Event), the Trustee or its designee or any other successor to the Master Servicer may shall thereupon assume the Agreement and all of the rights and, except to the extent they arose prior to the date of assumption, obligations of the Master Servicer under this Agreement, subject to the Sub-Primary Servicer’s rights hereunder, including the right to retain accrued and unpaid Sub-Primary Servicing Fees.

Appears in 2 contracts

Samples: Primary Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5), Primary Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5)

Successors and Assigns; Assignment of Agreement. This Agreement shall bind and inure to the benefit of and be enforceable by the Sub-Servicer and the Master Servicer and the respective successors and assigns of the Sub-Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated by the Sub-Servicer to a third party except as otherwise specifically provided for herein. If the Master Servicer shall for any reason no longer act in such capacity under the Pooling and Servicing Agreement (including including, by reason of a Servicer Termination Eventan Event of Default (as defined therein)), the Trustee or its designee or any other successor to the Master Servicer may shall thereupon assume all of the rights and, except to the extent they arose prior to the date of assumption, obligations of the Master Servicer under this Agreement, subject to the Sub-Servicer’s rights hereunder, including the right to retain accrued and unpaid Sub-Servicing Fees.

Appears in 1 contract

Samples: Sub Servicing Agreement (Banc of America Commercial Mortgage Inc., Series 2006-5)

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Successors and Assigns; Assignment of Agreement. This Agreement shall bind and inure to the benefit of and be enforceable by the Sub-Servicer and the Master Servicer and the respective successors and assigns of the Sub-Servicer and the Master Servicer. This Agreement shall not be assigned, pledged or hypothecated by the Sub-Servicer to a third party except as otherwise specifically provided for herein. If the Master Servicer shall for any reason no longer act in such capacity under the Pooling and Servicing Agreement (including including, by reason of a Servicer Termination Eventan Event of Default (as defined therein)), the Trustee or its designee or any other successor to the Master Servicer may shall thereupon assume all of the rights and, except to the extent they arose prior to the date of assumption, obligations of the Master Servicer under this Agreement, subject to the Sub-Servicer’s rights hereunder, including the right to retain accrued and unpaid Sub-Servicing Fees.

Appears in 1 contract

Samples: Sub Servicing Agreement (Ge Commercial Mortgage Corp)

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