Instead, start with this sample letter and download this Principal Contractor Appointment Letter template and save yourself time and effort! You will see completing your appointment letter has never been simpler! If you need an Agreement between principal employer and contractor, check here. Leave a Reply. If you have any questions or remarks, feel free to post them below. IT Security Standards Kit. Agreement between Principal and Contractor. Related Clauses.
Appointment of Contractor The Company hereby appoints the Contractor to perform the Services for the benefit of the Company as hereinafter set forth, and the Company hereby authorizes the Contractor to exercise such powers as provided under this Agreement.
The Contractor accepts such appointment on the terms and conditions herein set forth. 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. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. Necessary Necessary. Necessary cookies are absolutely essential for the website to function properly.
This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Thoughts are things! And powerful things at that, when mixed with definiteness of purpose, and burning desire, can be translated into riches. Napoleon Hill. Download template. Download Open with Google Docs. ABT template rating: 7 Malware- and virusfree. Scanned by:.
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