Common use of Operating Statements and Rent Rolls Clause in Contracts

Operating Statements and Rent Rolls. In the case of each Mortgage Loan other than Mortgage Loans secured by residential cooperative properties, the related Mortgage Loan Documents require the related Mortgagor, in some cases at the request of the lender, to provide to the holder of such Mortgage Loan operating statements and rent rolls not less frequently than annually (except if the Mortgage Loan has an outstanding principal balance of less than or equal to $3,500,000 as of the Cut-Off Date or the related Mortgaged Property has only one tenant, in either of which cases, the Mortgage Loan Documents require the Mortgagor, in some cases at the request of the lender, to provide to the holder of such Mortgage Loan operating statements and (if there is more than one tenant) rent rolls and/or financial statements of the Mortgagor annually), and such other information as may be required therein. With respect to Mortgage Loans secured by residential cooperative properties, the related Mortgage Loan Documents require the related Mortgagor to deliver annual financial statements to the holder of such Mortgage Loan.

Operating Statements and Rent Rolls. In the case of each Mortgage Loan other than Mortgage Loans secured by residential cooperative properties, the related Mortgage Loan Documents require the related Mortgagor, in some cases at the request of the lender, to provide to the holder of such Mortgage Loan operating statements and rent rolls not less frequently than annually (except if the Mortgage Loan has an outstanding principal balance of less than or equal to $3,500,000 as of the Cut-Off off Date or the related Mortgaged Property has only one tenant, in either of which cases, the Mortgage Loan Documents require the Mortgagor, in some cases at the request of the lender, to provide to the holder of such Mortgage Loan operating statements and (if there is more than one tenant) rent rolls and/or financial statements of the Mortgagor annually), and such other information as may be required therein. With respect to Mortgage Loans secured by residential cooperative properties, the related Mortgage Loan Documents require the related Mortgagor to deliver annual financial statements to the holder of such Mortgage Loan.

Operating Statements and Rent Rolls. In the case of each the Mortgage Loan other than the Mortgage Loans Loan secured by residential cooperative properties, the related Mortgage Loan Documents require the related Mortgagor, in some cases at the request of the lender, to provide to the holder of such the Mortgage Loan operating statements and rent rolls not less frequently than annually (except if the Mortgage Loan has an outstanding principal balance of less than or equal to $3,500,000 as of the Cut-Off Date or the related Mortgaged Property has only one tenant, in either of which cases, the Mortgage Loan Documents require the Mortgagor, in some cases at the request of the lender, to provide to the holder of such the Mortgage Loan operating statements and (if there is more than one tenant) rent rolls and/or financial statements of the Mortgagor annually), and such other information as may be required therein. With respect to the Mortgage Loans Loan secured by residential cooperative properties, the related Mortgage Loan Documents require the related Mortgagor to deliver annual financial statements to the holder of such the Mortgage Loan.