Exhibit 99.1
ASSIGNMENT AND ASSUMPTION
For good and valuable consideration, the receipt of which is hereby acknowledged, Principal Global Investors, LLC (“Assignor”) does hereby assign to Principal Real Estate Investors, LLC (“Assignee”) as of May 1, 2017 all of Assignor’s rights, powers, duties, responsibilities, obligations and liabilities, in its capacity ofsub-servicer, in and under each of the Agreements listed onExhibit A attached hereto (collectively, the “Agreements” and the assignments thereof, collectively, the “Assignments”).
By execution hereof, Assignee hereby accepts each of the Assignments and assumes all rights, powers, duties, responsibilities, obligations and liabilities ofsub-servicer under each of the Agreements, as of May 1, 2017.
This Assignment and Assumption contains all of the agreements of the parties hereto with respect to the matters contained herein, and no prior agreement, arrangement or understanding pertaining to any such matters shall be effective for any purpose.
EXECUTED this 1st day of May, 2017.
ASSIGNOR:
PRINCIPAL GLOBAL INVESTORS, LLC, a Delaware limited liability company | ||
By | /s/ Diane McGuire | |
Name: | Diane L. McGuire | |
Title: | Director – CMS Asset Management | |
By | /s/ Steven Johnson | |
Name: | Steven R. Johnson | |
Title: | Managing Director | |
Commercial Mortgage Servicing | ||
ASSIGNEE: | ||
PRINCIPAL REAL ESTATE INVESTORS, LLC, a Delaware limited liability company | ||
By | /s/ Diane McGuire | |
Name: | Diane L. McGuire | |
Title: | Director – CMS Asset Management | |
By | /s/ Steven Johnson | |
Name: | Steven R. Johnson | |
Title: | Managing Director | |
Commercial Mortgage Servicing |
Exhibit A
Pool | Document | |
Citigroup Commercial Mortgage Trust2016-P5 Commercial Mortgage Pass- Through Certificates Series2016-P5 | TheSub-Servicing Agreement dated October 1, 2016, by and between Principal Global Investors, LLC (“Principal Global”) and Midland Loan Services, as division of PNC Bank, National Association (“Midland”) (the “SSA”) | |
Citigroup Commercial Mortgage Trust2016-P6 Commercial Mortgage Pass- Through Certificates Series2016-P6 | TheSub-Servicing Agreement dated December 1, 2016, by and between Principal Global Investors, LLC (“Principal Global”) and Midland Loan Services, as division of PNC Bank, National Association (“Midland”) (the “SSA”) |