Document ID: 16698

Text:
| (29)| Acts of Terrorism Exclusion. With respect to each Mortgage Loan over $20 million, the related special-form all-risk insurance policy and business interruption policy (issued by an insurer meeting the Insurance Rating Requirements) do not specifically exclude Acts of Terrorism, as defined in the Terrorism Risk Insurance Act of 2002 , as amended by the Terrorism Risk Insurance Program Reauthorization Act of 2007 , as amended by the Terrorism Risk Insurance Program Reauthorization Act of 2015 (collectively referred to as TRIA), from coverage, or if such coverage is excluded, it is covered by a separate terrorism insurance policy. With respect to each other Mortgage Loan, the related special all-risk insurance policy and business interruption policy (issued by an insurer meeting the Insurance Rating Requirements) did not, as of the date of origination of the Mortgage Loan, and, to the Sellers knowledge, do not, as of the Cut-off Date, specifically exclude Acts of Terrorism, as defined in TRIA, from coverage, or if such coverage is excluded, it is covered by a separate terrorism insurance policy. With respect to each Mortgage Loan, the related Loan Documents do not expressly waive or prohibit the Mortgagee from requiring coverage for Acts of Terrorism, as defined in TRIA, or damages related thereto; provided, however, that if TRIA or a similar or subsequent statute is not in effect, then provided that terrorism insurance is commercially available, the Mortgagor under each Mortgage Loan is required to carry terrorism insurance, but in such event the Mortgagor shall not be required to spend more than the Terrorism Cap Amount on terrorism insurance coverage, and if the cost of terrorism insurance exceeds the Terrorism Cap Amount, the Mortgagor is required to purchase the maximum amount of terrorism insurance available with funds equal to the Terrorism Cap Amount. The Terrorism Cap Amount is the specified percentage (which is at least equal to 200%) of the amount of the insurance premium that is payable at such time in respect of the property and business interruption/rental loss insurance required under the related Loan Documents (without ---|---|---

Named Entities:
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Act
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Principal
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Act
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Act
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Act
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Regulation
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Principal
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Percentage

Tokenized Text:
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29
)
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Acts
of
Terrorism
Exclusion
.
With
respect
to
each
Mortgage
Loan
over
$
20
million
,
the
related
special-form
all-risk
insurance
policy
and
business
interruption
policy
(
issued
by
an
insurer
meeting
the
Insurance
Rating
Requirements
)
do
not
specifically
exclude
Acts
of
Terrorism
,
as
defined
in
the
Terrorism
Risk
Insurance
Act
of
2002
,
as
amended
by
the
Terrorism
Risk
Insurance
Program
Reauthorization
Act
of
2007
,
as
amended
by
the
Terrorism
Risk
Insurance
Program
Reauthorization
Act
of
2015
(
collectively
referred
to
as
TRIA
)
,
from
coverage
,
or
if
such
coverage
is
excluded
,
it
is
covered
by
a
separate
terrorism
insurance
policy
.
With
respect
to
each
other
Mortgage
Loan
,
the
related
special
all-risk
insurance
policy
and
business
interruption
policy
(
issued
by
an
insurer
meeting
the
Insurance
Rating
Requirements
)
did
not
,
as
of
the
date
of
origination
of
the
Mortgage
Loan
,
and
,
to
the
Sellers
knowledge
,
do
not
,
as
of
the
Cut-off
Date
,
specifically
exclude
Acts
of
Terrorism
,
as
defined
in
TRIA
,
from
coverage
,
or
if
such
coverage
is
excluded
,
it
is
covered
by
a
separate
terrorism
insurance
policy
.
With
respect
to
each
Mortgage
Loan
,
the
related
Loan
Documents
do
not
expressly
waive
or
prohibit
the
Mortgagee
from
requiring
coverage
for
Acts
of
Terrorism
,
as
defined
in
TRIA
,
or
damages
related
thereto
;
provided
,
however
,
that
if
TRIA
or
a
similar
or
subsequent
statute
is
not
in
effect
,
then
provided
that
terrorism
insurance
is
commercially
available
,
the
Mortgagor
under
each
Mortgage
Loan
is
required
to
carry
terrorism
insurance
,
but
in
such
event
the
Mortgagor
shall
not
be
required
to
spend
more
than
the
Terrorism
Cap
Amount
on
terrorism
insurance
coverage
,
and
if
the
cost
of
terrorism
insurance
exceeds
the
Terrorism
Cap
Amount
,
the
Mortgagor
is
required
to
purchase
the
maximum
amount
of
terrorism
insurance
available
with
funds
equal
to
the
Terrorism
Cap
Amount
.
The
Terrorism
Cap
Amount
is
the
specified
percentage
(
which
is
at
least
equal
to
200
%
)
of
the
amount
of
the
insurance
premium
that
is
payable
at
such
time
in
respect
of
the
property
and
business
interruption
/
rental
loss
insurance
required
under
the
related
Loan
Documents
(
without
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