approximate) J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST Commercial Mortgage Pass-Through Certificates, Series 2012-LC9, Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-SB & Class X-A Underwriting AgreementUnderwriting Agreement • December 18th, 2012 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Lc9 • Asset-backed securities
Administrator”) and Pentalpha Surveillance LLC, as senior trust advisor (the “Senior Trust Advisor”). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement as in effect on the Closing Date (as defined below).
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Pooling and Servicing Agreement • December 18th, 2012 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Lc9 • Asset-backed securities • New York
This Pooling and Servicing Agreement is dated and effective as of December 1, 2012, among J.P. Morgan Chase Commercial Mortgage Securities Corp., as Depositor, Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, Rialto Capital Advisors, LLC, as Special Servicer, Wells Fargo Bank, National Association, as Certificate Administrator, Wells Fargo Bank, National Association, as Trustee, and Pentalpha Surveillance LLC, as Senior Trust Advisor.
PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of December 21, 2012 Fixed Rate Mortgage Loans Series 2012-LC9Mortgage Loan Purchase Agreement • December 18th, 2012 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Lc9 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Loan Number as Identified on Exhibit A Description of Exception of 1.38x; and (iii) a combined minimum debt yield of 8.78%. 9 Embassy Suites Minneapolis (Loan No. 10) (Junior Liens) - Future mezzanine debt is permitted provided certain conditions are satisfied, which conditions include the following: (i) a combined maximum LTV of 70.0%; (ii) a combined minimum DSCR of 1.50x; and (iii) a combined minimum debt yield of 11.0%. 9 Amazon Fulfillment Center (Loan No. 11) (Junior Liens) – Future mezzanine debt is permitted prior to the related Anticipated Repayment Date, provided certain conditions are satisfied, which conditions include the following: (i) a combined maximum LTV of 75.0%; (ii) a combined minimum DSCR of 1.60x; and (iii) the single tenant, Amazon, maintaining a senior unsecured credit rating of “BBB-”. 9 Waterford Plaza (Loan No. 13) (Junior Liens) - Future mezzanine debt is permitted in connection with a sale of the property to a
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • December 18th, 2012 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Lc9 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Loan Number as Identified on Exhibit A Description of Exception new lender, which request must be made within a specified period following the transfer to the securitization trust; provided that issuance of the new comfort letter is subject to certain conditions. 5 La Quinta Inn & Suites-Fresno (Loan No. 38) The related comfort letter provided at closing of the subject Mortgage Loan is assignable to the securitization trust subject to timely notice to the related franchisor. 6 Summit Woods Shopping Center (Loan No. 4) The related loan documents were modified after November 30, 2012 to correct an error in the initial interest-only period. 6 324 Royal Palm Way (Loan No. 33) Subsequent to November 30, 2012, the lender: (a) waived any further obligation on the part of the related borrower to attempt to obtain party wall agreements with adjacent property owners; and (b) terminated a cash collateral account agreement and agreed to certain modificati
