Control No. Control No. Entity: Scope of Work (Including Routes and Termini): I, the undersigned, in my capacity as of state that:
Control No. Representation Property Issue ------------------------------------------------------------------------------------------------------------------------------------
Control No. 46: Exhibit A - Pro Forma Closing Date Balance Sheet,
Control No. Representation Property Issue -------- -------------------- --------------------------- ---------------------------------------------- Best Company) and United States Fire Insurance Company (as of closing of the Mortgage Loan, rated BBB by S&P and A- XIII by A.M. Best Company). Following the expiration of these policies on March 3, 2008, the Mortgagor is obligated to obtain insurance from an insurance carrier with a rating of "A-" or better. The Mortgagor shall have the ability to have the insurance provided by an insurance syndicate", provided that the insurance is provided by five (5) or more insurance companies, the primary insurer and at least 60% of the overall insurance coverage is provided by companies with a rating of "A-" or better and the balance is provided by insurance companies with a rating of BBB+ or better.
Control No. Representation Property Issue -------- -------------------- --------------------------- ---------------------------------------------- With respect to the nonrecourse carveout covering misapplication or misappropriation, some guarantors have agreed to cover "misapplication or conversion" or "misappropriation or conversion" and some such non-recourse carve-outs apply only during the continuance of an event of default or with respect to material misapplication or misappropriation. Certain of the loans are recourse in limited circumstances.
Control No. Representation Property Issue -------- -------------------- --------------------------- ---------------------------------------------- or A.M. Best Company. Such insurer is required to be accepted until the renewal of such policy or policies, at which time the Mortgagor will be required to obtain an insurance policy from an insurer satisfying the financial strength or claims-paying-ability rating of at least "A:VIII" from A.M. Best Company or "A" or better from S&P. 98 (xii) Crossroads Shopping Center Although the loan documents require a $3,000,000 umbrella policy, the lender accepted Property Insurance a $2,000,000 umbrella policy. 3, 5, 6, (xvi) Xxx Xxxxx Xxxxxx Xxxxx The borrowers are permitted to procure 19, 20, mezzanine debt subject to the terms of the loan 63, 31, Subordinate Debt Carnegie Hall Tower documents. 39, 60, Miami Center 61, 78 Ithaca Multifamily Portfolio Soundview Marketplace The Villas Xxxxx Street Discovery Office Xxxxxx Career Institute Liberty Xxxx Plaza Control No. Representation Property Issue -------- -------------------- --------------------------- ---------------------------------------------- Binghamton Retail Portfolio
Control No. Representation Property Issue -------- -------------------- --------------------------- ---------------------------------------------- out guarantor. Lender's consent is not required, however, Xxxxxx has to maintain control of the Mortgagor, no Event of Default shall have occurred, the SPE structure of Mortgagor must be maintained, and Lender has the right to require updated due diligence with respect to Xxxxxx.
Control No. Representation Property Issue ----------- -------------------- ---------------------------- ---------------------------------------------------------------- 36,000 square feet, to third party tenant(s) for a term of at least 5 years at the rent no less than the fixed rent set forth in the master lease and otherwise upon the terms set forth in the loan documents.
Control No. Representation Property Issue ----------- -------------------- ---------------------------- ---------------------------------------------------------------- Status rents or business interruption insurance.
Control No. Representation Property Issue ----------- ------------------------ ---------------------------- --------------------------------------------------------------- be issued by insurance companies rated at least BBB+ or better by S&P. N/A (xii) All Properties With respect to certain mortgage loans, the lender accepted comprehensive liability insurance in an amount less than that Property Insurance required by the loan documents, provided, however, that all the mortgage loans provide a primary general liability policy of at least $1,000,000 per occurrence with $2,000,000 in the aggregate, but this exception does not apply to any mortgage loan with a principal balance of $35,000,000 or more.
