SECTION 312 The Primary Servicer shall promptly (but in no event later than thirty (30) days after the related inspection or receipt of the inspection report, which ever is later, or collection, as applicable) forward to the Master Servicer a copy of all inspection reports prepared by the Primary Servicer and all operating statements, budgets, rent rolls and financial statements collected by the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections and reports as required by this Agreement. If any inspection report identifies a “life safety” or other material deferred maintenance item existing with respect to the related Mortgaged Property, the Sub-Servicer (x) shall promptly send to the related Borrower (with a copy to the Master Servicer by email to xxxxxx@xxxxxxxxxx.xxx) a letter identifying such deferred maintenance item and instructing the related Borrower to correct such deferred maintenance item and (y) shall notify the Master Servicer (by email to xxxxxx@xxxxxxxxxx.xxx) upon resolution of such life safety or deferred maintenance item.
SECTION 112 Governing Law..................................................14 SECTION 113. Legal Holidays.................................................14
Subsection 5(f) of the Termination Agreement is hereby deleted in its entirety, and replaced with a new subsection 5(f) to read in its entirety as follows:
Section 204 Issuance of the Preferred Securities..................................................11
SECTION 106 Notice to Holders; Waiver.............................................................11
SECTION 310 Computation of Interest............................ 29
SECTION 107 Conflict with Trust Indenture Act..............................12
SECTION 311 CUSIP Numbers.............................................................29
Section 205 Issuance of the Common Securities; Subscription and Purchase of Debentures............................................................................11
SECTION 305 Registration, Registration of Transfer and Exchange..........21 SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities.............22
