Modifications, Waivers, Etc. No modification, waiver, deferral, or release (in whole or in part) of any party’s obligations in respect of the Loan, or of any collateral for any obligations in respect of the Loan, shall be effective without the prior written consent of Buyer. Please acknowledge your acceptance of the terms and directions contained in this correspondence by executing a counterpart of this correspondence and returning it to the undersigned. Very truly yours, KREF LENDING IX LLC, a Delaware limited liability company By: Name: Title: Agreed and accepted this ____ day of ____________, 20__ [____________________] By: Name: Title: EXHIBIT J FORM OF BAILEE LETTER KREF Lending IX LLC 30 Xxxxxx Yards Suite 7500 New York, NY 10001 Attention: Xxxxxxx Xxxxxxx Telephone: (000) 000-0000 Email: Xxxxxxx.Xxxxxxx@xxx.xxx ___________ ___, 20__ Xxxxxx Xxxxxxx Bank, N.A. 0000 Xxxxxxxx, 00xx Floor New York, New York 10036 Attention: Xxxxxxx Xxxxxxxx Re: Amended and Restated Custodial Agreement, dated as of [__], 2022 (as amended, restated or otherwise modified, the “Custodial Agreement”), among Xxxxxx Xxxxxxx Bank, N.A. (“Buyer”), KREF Lending IX LLC (“Seller”) and Computershare Trust Company, N.A. as successor-in-interest to Xxxxx Fargo Bank, National Association, (“Custodian”) Ladies and Gentlemen: Reference is made to that certain Master Repurchase Agreement and Securities Contract, dated as of July 27, 2021 (as the same may have been, and may hereafter be, amended, restated, extended, or otherwise modified from time to time, the “Repurchase Agreement”) between KREF Lending IX LLC (“Seller”) and Xxxxxx Xxxxxxx Bank, N.A. (“Buyer”), as assignee of all of the rights and obligations of MUFG Bank, Ltd. under the Repurchase Agreement. In consideration of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller, Xxxxx and [●] (the “Bailee”) hereby agree as follows:
Appears in 1 contract
Samples: Custodial Agreement (KKR Real Estate Finance Trust Inc.)
Modifications, Waivers, Etc. No modification, waiver, deferral, or release (in whole or in part) of any party’s obligations in respect of the Loanthis Re-Direction Letter, or of any collateral for any obligations in respect of the LoanLoan other than if required pursuant to the specific terms of the loan documents governing the Loan for which there is no material lender discretion, shall be effective without the prior written consent of Buyer. Notwithstanding the foregoing, except as otherwise provided in the Master Repurchase and Securities Contract Agreement, neither Seller nor Servicer shall take any material action or effect any modification or amendment to any Purchased Asset without first having given prior notice thereof to Buyer in each such instance and receiving the prior written consent of Buyer. Please acknowledge your acceptance of the terms and directions contained in this correspondence by executing a counterpart of this correspondence and returning it to the undersigned. Very truly yours, KREF LENDING IX LLCTPG RE FINANCE 2, LTD., a Delaware limited liability Cayman Islands exempted company By: Name: Title: Date: [ ], 20[ ] Agreed and accepted this ____ [ ] day of ____________[ ], 20__ [____________________[ ] [ ] By: Name: Title: EXHIBIT J XIV FORM OF BAILEE LETTER KREF Lending IX LLC 30 Xxxxxx Yards Suite 7500 New YorkCUSTODIAL DELIVERY On this of , NY 10001 Attention: Xxxxxxx Xxxxxxx Telephone: 201 , TPG RE FINANCE 2, LTD., a Cayman Islands exempted company (000“Seller”) 000-0000 Email: Xxxxxxx.Xxxxxxx@xxx.xxx ___________ ___under that certain Master Repurchase and Securities Contract Agreement, 20__ Xxxxxx Xxxxxxx Bankdated as of August 19, N.A. 0000 Xxxxxxxx2015 (the “Repurchase Agreement”) between XXXXXXX XXXXX BANK USA, 00xx Floor New York, a New York 10036 Attention: Xxxxxxx Xxxxxxxx Re: Amended state-chartered bank (“Buyer”) and Restated Seller, does hereby deliver to (a) the Bailee pursuant to that certain Bailee Agreement dated as of the date hereof by and among Seller, Buyer, and Bailee (the “Bailee Agreement”), for Bailee to hold and deliver to Custodian (hereafter defined) as set forth therein, and (b) [U.S. Bank National Association, (“Custodian”) (through the Bailee aforesaid), as custodian under that certain Custodial Agreement, dated as of [__]August 19, 2022 2015 (as amended, restated or otherwise modified, the “Custodial Agreement”), among Xxxxxx Xxxxxxx BankBuyer, N.A. (“Buyer”), KREF Lending IX LLC (“Custodian and Seller”) and Computershare Trust Company, N.A. as successor-in-interest to Xxxxx Fargo Bank, National Association, (“Custodian”) Ladies and Gentlemen: Reference is made to that certain Master Repurchase Agreement and Securities Contract, dated as of July 27, 2021 (as the same may have been, and may hereafter be, amended, restated, extended, or otherwise modified from time to time, the “Repurchase Agreement”) between KREF Lending IX LLC (“Seller”) and Xxxxxx Xxxxxxx Bank, N.A. (“Buyer”), as assignee of all of Purchased Asset Files with respect to the rights and obligations of MUFG Bank, Ltd. under Purchased Assets to be purchased by Buyer pursuant to the Repurchase Agreement. In consideration , which Purchased Assets are listed on the Purchased Asset Schedule attached hereto and which Purchased Assets shall be subject to the terms of the mutual promises Custodial Agreement on the date hereof. Seller hereby instructs Bailee to comply with the terms of the Bailee Agreement and hereby instructs Custodian to comply with the terms of the Custodial Agreement. With respect to the Purchased Asset Files delivered hereby, for the purposes of issuing the Trust Receipt, the Custodian shall review the Purchased Asset Files to ascertain delivery of the documents listed in Section [ ] to the Custodial Agreement. Capitalized terms used herein and not otherwise defined shall have the meanings set forth herein and other good and valuable consideration, in the receipt and sufficiency of which are hereby acknowledged, Seller, Xxxxx and [●] (the “Bailee”) hereby agree as follows:Custodial Agreement.
Appears in 1 contract
Samples: Securities Contract Agreement (TPG RE Finance Trust, Inc.)
Modifications, Waivers, Etc. No modification, waiver, deferral, or release (in whole or in part) of any party’s obligations in respect of the Loan, or of any collateral for any obligations in respect of the Loan, this letter shall be effective without the prior written consent of BuyerMetLife. Please acknowledge your acceptance of the terms and directions contained in this correspondence by executing a counterpart of this correspondence and returning it to the undersigned. Very truly yours, KREF LENDING IX LLCPARLEX 7 XXXXX, a Delaware limited liability company LLC By: Name: Xxxxxxx Xxxxx Title: Managing Director, Head of Capital Markets and Treasurer Agreed and accepted this ____ [ ] day of ____________[ ], 20__ [____________________201[ ] [ ] By: Name: Title: EXHIBIT J XI FORM OF BAILEE LETTER KREF Lending IX BAILEE LETTER PARLEX 7 XXXXX, LLC 30 000 Xxxx Xxxxxx Yards Suite 7500 New YorkXxx Xxxx, NY 10001 Attention: Xxxxxxx Xxxxxxx Telephone: (000) 000-0000 Email: Xxxxxxx.Xxxxxxx@xxx.xxx ___________ ___XX 00000 [ ], 20__ 20 Metropolitan Life Insurance Company MetLife Real Estate Investments 00 Xxxx Xxxxxx Xxxxxxx BankXxxxxxxxxx, N.A. 0000 Xxxxxxxx, 00xx Floor New York, New York 10036 Xxx Xxxxxx 00000 Attention: Xxxxxxx Xxxxxxxx ReRopes & Xxxx LLP 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, XX 00000-0000 Attn: Amended and Restated Custodial AgreementXxxxx X. Xxxxx, dated as of [__], 2022 (as amended, restated or otherwise modified, the “Custodial Agreement”), among Xxxxxx Xxxxxxx Bank, N.A. (“Buyer”), KREF Lending IX LLC (“Seller”) and Computershare Trust Company, N.A. as successor-in-interest to Xxxxx Fargo Bank, National Association, (“Custodian”) Esq. Ladies and Gentlemen: Reference is made to that certain Master Repurchase Agreement and Securities ContractAgreement, dated as of July June 27, 2021 2014 (as the same may have been, and may hereafter behas been modified, amended, or restated, extended, or otherwise modified from time to time, the “Repurchase Agreement”) between KREF Lending IX Parlex 7 Xxxxx, LLC (“Seller”) and Xxxxxx Xxxxxxx Bank, N.A. Metropolitan Life Insurance Company (“Buyer”), as assignee of all of the rights and obligations of MUFG Bank, Ltd. under the Repurchase Agreement. In consideration of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller, Xxxxx Buyer and [●] Ropes & Xxxx LLP (the “Bailee”) hereby agree as follows:: Seller shall deliver to the Bailee in connection with any Purchased Assets delivered to the Bailee hereunder, the custodial delivery certificate (the “Custodial Delivery Certificate”) attached hereto as Attachment 1. On or prior to the date indicated on the Custodial Delivery Certificate delivered by Seller (the “Funding Date”), Seller shall have delivered to the Bailee, as bailee for hire, the documents set forth on Exhibit B to Attachment 1 attached thereto (collectively, the “Purchased Asset File”) for each of the Purchased Assets (each a “Purchased Asset” and collectively, the “Purchased Assets”) listed in Exhibit A to Attachment 1 attached thereto. Bailee is not obligated to review and has not reviewed the accuracy of the Purchased Asset File, other than to take an inventory of such Purchased Asset File. The Bailee shall issue and deliver to Buyer and U.S. Bank National Association (the “Custodian”) on or prior to the Funding Date by electronic mail (a) in the name of Buyer, an initial trust receipt and certification in the form of Attachment 2 attached hereto (the “Bailee’s Trust Receipt and Certification”) which Bailee’s Trust Receipt and Certification shall state that the Bailee has received the documents comprising the Purchased Asset File as set forth in the Custodial Delivery Certificate. On the applicable Funding Date, in the event that Buyer fails to purchase from Seller the Purchased Assets identified in the related Custodial Delivery Certificate, Buyer shall deliver by electronic mail to the Bailee to the attention of Xxxxx X. Xxxxx at xxxxx.xxxxx@xxxxxxxxx.xxx and Xxxxxx X. Xxxxxx at xxxxxx.xxxxxx@xxxxxxxxx.xxx, an authorization (the “Electronic Authorization”) to release the Purchased Asset Files with respect to the Purchased Assets identified therein to Seller. Upon receipt of such Electronic Authorization, the Bailee shall release the Purchased Asset Files to Seller in accordance with Seller’s instructions. Following the Funding Date and the funding of the Purchase Price, the Bailee shall forward the Purchased Asset Files to the Custodian at 0000 Xxxxxx Xxxxxx, Suite 100, St. Xxxx, Minnesota 55116, Attention: Commercial Review Team, by insured overnight courier for receipt by the Custodian no later than 1:00 p.m. on the third (3rd) Business Day following the applicable Funding Date (the “Delivery Date”). From and after the applicable Funding Date until the time of receipt of the Electronic Authorization or the Delivery Date, as applicable, the Bailee (a) shall maintain continuous custody (and will forward in accordance with clause (e) above) and control of the related Purchased Asset Files as bailee for Buyer (excluding any period when the same are under the delivery process described in clause (e) above) and (b) is holding the related Purchased Assets as sole and exclusive bailee for Buyer unless and until otherwise instructed in writing by Buyer. Seller agrees to indemnify and hold the Bailee and its partners, directors, officers, agents and employees harmless against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever, including reasonable attorneys fees, that may be imposed on, incurred by, or asserted against it or them in any way relating to or arising out of this Bailee Letter or any action taken or not taken by it or them hereunder unless such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements (other than special, indirect, punitive or consequential damages, which shall in no event be paid by the Bailee) were imposed on, incurred by or asserted against the Bailee because of the breach by the Bailee of its obligations hereunder, which breach was caused by gross negligence or willful misconduct on the part of the Bailee or any of its partners, directors, officers, agents or employees. The foregoing indemnification shall survive any resignation or removal of the Bailee or the termination or assignment of this Bailee Letter. Seller agrees to indemnify and hold Buyer and its respective affiliates and designees harmless against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever, including reasonable attorneys fees, that may be imposed on, incurred by, or asserted against it or them in any way relating to or arising out of a Custodial Delivery Failure (as defined in the Custodial Agreement) or the Bailee’s negligence, lack of good faith or willful misconduct. The foregoing indemnification shall survive any termination or assignment of this Bailee Letter. Seller hereby represents, warrants and covenants that the Bailee is not an affiliate of or otherwise controlled by Seller. Notwithstanding the foregoing, the parties hereby acknowledge that the Bailee hereunder may act as counsel to Seller in connection with a proposed transaction and Ropes & Xxxx LLP, has represented Seller in connection with negotiation, execution and delivery of the Repurchase Agreement. The agreement set forth in this Bailee Letter may not be modified, amended or altered, except by written instrument, executed by all of the parties hereto. This Bailee Letter may not be assigned by Seller or the Bailee without the prior written consent of Buyer. For the purpose of facilitating the execution of this Bailee Letter as herein provided and for other purposes, this Bailee Letter may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute and be one and the same instrument. Electronically transmitted signature pages shall be binding to the same extent. This Bailee Letter shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. Capitalized terms used herein and defined herein shall have the meanings ascribed to them in the Repurchase Agreement. Very truly yours, PARLEX 7 XXXXX, LLC, Seller By: Name: Xxxxxxx Xxxxx Title: Managing Director, Head of Capital Markets and Treasurer ACCEPTED AND AGREED: ROPES & XXXX LLP, as Bailee By: Name: Xxxxx X. Xxxxx Title: Partner ACCEPTED AND AGREED: METROPOLITAN LIFE INSURANCE COMPANY, Buyer By: Name: Title: Attachment 1 CUSTODIAL DELIVERY CERTIFICATE [See attached] Attachment 2 FORM OF BAILEE’S TRUST RECEIPT AND CERTIFICATION [ ], 201 Metropolitan Life Insurance Company MetLife Real Estate Investments 00 Xxxx Xxxxxx Xxxxxxxxxx, Xxx Xxxxxx 00000 Attention: Xxxxxxx Xxxxxxxx Bailee Letter, dated as of [ ], 201 (the “Bailee Letter”) among Parlex 7 Xxxxx, LLC (“Seller”), Metropolitan Life Insurance Company ( “Buyer”) and Ropes & Xxxx LLP ( “Bailee”) Ladies and Gentlemen: In accordance with the provisions of Paragraph (c) of the Bailee Letter, the undersigned, as Bailee, hereby certifies that as to each Purchased Asset described in the Purchased Asset Schedule (Exhibit A to Attachment 1 of the Bailee Letter), a copy of which is attached hereto, it has reviewed the Purchased Asset File (Exhibit B to Attachment 1 of the Bailee Letter) and has determined that all documents listed in the Purchased Asset File are in its possession. Bailee hereby confirms that it is holding each such Purchased Asset File as agent and bailee for the exclusive use and benefit of Buyer pursuant to the terms of the Bailee Letter. All initially capitalized terms used herein shall have the meanings ascribed to them in the Bailee Letter. ROPES & XXXX LLP, BAILEE By: Name: Xxxxx X. Xxxxx Title: Partner SCHEDULE 1 PROHIBITED TRANSFEREES All Affiliates, successors and assigns of the entities listed on this Schedule I and such other Persons indicated by Sellers from time to time and approved by Buyer, such approval not to be unreasonably withheld, shall be Prohibited Transferees, as defined and used in this Agreement. Xxxxxx, Xxxxxx & Co., L.P. Annaly Capital Management, Inc. Apollo Commercial Real Estate Finance, Inc. Arbor Realty Trust Inc. Ares Commercial Real Estate Corporation Brookfield Investment Management Inc. Cantor Xxxxxxxxxx & Co. CapitalSource Inc. Children’s Investment Fund LP Colony Financial, Inc. CreXus Investment Corp. Fortress Credit Corp. Guggenheim Partners, LLC H/2 Credit Manager LP iStar Financial Inc. Invesco Ltd. KKR & Co. L.P. Ladder Capital Securities LLC LoanCore Capital, LLC Lone Star U.S. Acquisitions, LLC Macquarie Group Limited Mesa West Capital, LLC NCH Capital Inc. Newcastle Investment Corp. NorthStar Realty Finance Corp. OZ Management LP Pacific Investment Management Company LLC RAIT Financial Trust Redwood Trust Inc. Rialto Capital Management, LLC XX Xxxxx Realty Corp. Square Mile Capital Management, LLC Starwood Capital Group Starwood Property Trust, Inc. TPG Capital Management, L.P. Winthrop Capital Management, LLC
Appears in 1 contract
Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)
Modifications, Waivers, Etc. No modification, waiver, deferral, or release (in whole or in part) of any party’s obligations in respect of the Loan, or of any collateral for any obligations in respect of the Loan, shall be effective without the prior written consent of Buyerthe Administrative Agent. Please acknowledge your acceptance of the terms and directions contained in this correspondence by executing a counterpart of this correspondence and returning it to the undersigned. [Signature Page Follows] Form of Redirection Letter Very truly yours, KREF LENDING IX LLCTPG RE FINANCE 20, a Delaware limited liability company LTD By: Name: Title: Agreed and accepted this ____ [ ] day of ____________[ ], 20__ 201[____________________] [ ] By: Name: Title: Form of Redirection Letter EXHIBIT J M FORM OF BAILEE LETTER KREF Lending IX LLC 30 Xxxxxx Yards Suite 7500 New YorkPOWER OF ATTORNEY September 29, NY 10001 Attention: Xxxxxxx Xxxxxxx Telephone: 2017 Know All Men by These Presents, that TPG RE FINANCE 20, LTD., an exempted company incorporated in the Cayman Islands with limited liability (000) 000-0000 Email: Xxxxxxx.Xxxxxxx@xxx.xxx ___________ ___the “Borrower”), 20__ Xxxxxx Xxxxxxx Bankdoes hereby appoint BANK OF AMERICA, N.A. 0000 Xxxxxxxx(“Administrative Agent”), 00xx Floor New Yorkits attorney-in-fact to act in Borrower’s name, New York 10036 Attention: Xxxxxxx Xxxxxxxx Re: Amended place and Restated Custodial stead in any way which Borrower could do with respect to (i) the completion of the endorsements of the Mortgage Notes, Mezzanine Notes and the Assignments of Mortgages, (ii) the recordation of the Assignments of Mortgages and the assignment of assignment of leases and rents and (iii) the enforcement of Borrower’s rights under the Pledged Assets pledged to the Administrative Agent for the ratable benefit of the Secured Parties pursuant to that certain Credit Agreement, dated as of [__]September 29, 2022 2017 (as amended, restated or otherwise modified, the “Custodial Agreement”), among Xxxxxx Xxxxxxx Bank, N.A. (“Buyer”), KREF Lending IX LLC (“Seller”) amended and Computershare Trust Company, N.A. as successor-in-interest to Xxxxx Fargo Bank, National Association, (“Custodian”) Ladies and Gentlemen: Reference is made to that certain Master Repurchase Agreement and Securities Contract, dated as of July 27, 2021 (as the same may have been, and may hereafter be, amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Repurchase Agreement”) between KREF Lending IX LLC (“Seller”) and Xxxxxx Xxxxxxx Bank, N.A. (“Buyer”), among Borrower, TPG RE Finance Pledgor 20, LLC, a Delaware limited liability company, the Lenders from time to time party thereto, and Bank of America, N.A., as assignee of all of Administrative Agent, and to take such other steps as may be necessary or desirable to enforce Secured Parties’ rights against such Pledged Assets, the rights related ELA Documents and obligations of MUFG Bank, Ltd. under the Repurchase related servicing records to the extent that Borrower is permitted by law to act through an agent. Capitalized terms used herein and not otherwise defined have the meanings set forth in the Agreement. In consideration TO INDUCE ANY THIRD PARTY TO ACT HEREUNDER, BORROWER HEREBY AGREES THAT ANY THIRD PARTY RECEIVING A DULY EXECUTED COPY OR A FACSIMILE OF THIS INSTRUMENT MAY ACT HEREUNDER, AND THAT REVOCATION OR TERMINATION HEREOF SHALL BE INEFFECTIVE AS TO SUCH THIRD PARTY UNLESS AND UNTIL ACTUAL NOTICE OR KNOWLEDGE OR SUCH REVOCATION OR TERMINATION SHALL HAVE BEEN RECEIVED BY SUCH THIRD PARTY, AND BORROWER ON ITS OWN BEHALF AND ON BEHALF OF BORROWER’S ASSIGNS, HEREBY AGREES TO INDEMNIFY AND HOLD HARMLESS ANY SUCH THIRD PARTY FROM AND AGAINST ANY AND ALL CLAIMS THAT MAY ARISE AGAINST SUCH THIRD PARTY BY REASON OF SUCH THIRD PARTY HAVING RELIED ON THE PROVISIONS OF THIS INSTRUMENT. [Signature Page Follows] Form of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency Power of which are hereby acknowledged, Seller, Xxxxx and [●] (the “Bailee”) hereby agree as follows:Attorney
Appears in 1 contract
Modifications, Waivers, Etc. No modification, waiver, deferral, or release (in whole or in part) of any party’s obligations in respect of the Loan, or of any collateral for any obligations in respect of the Loan, in each case which constitutes a Material Modification (as defined in the Repurchase Agreement), shall be effective without the prior written consent of BuyerUnion Bank. Please acknowledge your acceptance of the terms and directions contained in this correspondence by executing a counterpart of this correspondence and returning it to the undersigned. [Signature Page Follows] Very truly yours, KREF LENDING IX PARLEX 18 XXXXX, LLC, a Delaware limited liability company By: Name: Title: Agreed and accepted this [____ _] day of [____________], 20[__ _] [____________________] By: By Name: Title: EXHIBIT J FORM OF BAILEE LETTER KREF Lending IX BAILEE LETTER PARLEX 18 XXXXX, LLC 30 000 Xxxx Xxxxxx Yards Suite 7500 New York, NY 10001 Attention: Xxxxxxx Xxxxxxx Telephone: (000) 000-0000 Email: Xxxxxxx.Xxxxxxx@xxx.xxx 10154 [_______], 20[____ ___, 20__ Xxxxxx Xxxxxxx ] MUFG Bank, N.A. Ltd., New York Branch 0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Floor 0xx Xxxxx New York, New York 10036 10020 Attention: Xxxxxxx Xxxxxxxxx Telephone: [Redacted] Email: [Redacted] Ropes & Gray LLP 0000 Xxxxxx xx xxx Xxxxxxxx ReNew York, NY 10036-8704 Attn: Amended and Restated Custodial AgreementXxxxxx X. Xxxxxx, dated as of [__], 2022 (as amended, restated or otherwise modified, the “Custodial Agreement”), among Xxxxxx Xxxxxxx Bank, N.A. (“Buyer”), KREF Lending IX LLC (“Seller”) and Computershare Trust Company, N.A. as successor-in-interest to Xxxxx Fargo Bank, National Association, (“Custodian”) Esq. Ladies and Gentlemen: Reference is made to that certain Master Repurchase Agreement and Securities ContractAgreement, dated as of July 27[], 2021 2022 (as the same may have been, and may hereafter be, amended, restated, extended, or otherwise modified from time to time, the “Repurchase Agreement”) between KREF Lending IX Parlex 18 Xxxxx, LLC (“Seller”) and Xxxxxx Xxxxxxx MUFG Bank, N.A. Ltd., New York Branch (“Buyer”), as assignee of all of the rights and obligations of MUFG Bank, Ltd. under the Repurchase Agreement. In consideration of the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller, Xxxxx and [●] Ropes & Gray LLP (the “Bailee”) hereby agree as follows:
Appears in 1 contract
Samples: Master Repurchase Agreement and Securities Contract (Blackstone Mortgage Trust, Inc.)
