Document ID: 15782

Text:
(c)Borrower and Guarantor shall provide in connection with each of (i) a preliminary and a final private placement memorandum, offering memorandum or offering circular, (ii) a free writing prospectus, (iii) a preliminary and final prospectus or prospectus supplement and (iv) a structural and collateral term sheet, as applicable, an agreement (A) certifying that Borrower has examined the portions of such Disclosure Documents specified by Lender and that each such Disclosure Document, as it relates to Borrower, Borrower Affiliates, the Property (or any portion thereof), any Affiliated Manager, Guarantor , the Management Agreement, the terms of the Loan Documents and the use of Loan proceeds (but excluding any forward-looking budgets and projections) (collectively, with the Provided Information, the Covered Disclosure Information), does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, (B) indemnifying Lender (and for purposes of this Section 11.2(c), Lender hereunder shall include its officers and directors), the Affiliate of Lender (Lender Affiliate) that has filed the registration statement relating to the Securitization (the Registration Statement), each of its directors, each of its officers who have signed the Registration Statement or Affiliate of Lender that has acted as sponsor or depositor in connection with the Securitization, and each Person that controls the Affiliate within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act ( collectively, the Lender Group), and Lender Affiliate, and any other placement agent, initial purchaser or underwriter with respect to the Securitization, each of their respective directors and each Person who controls Lender Affiliate or any other placement agent or underwriter within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act ( collectively, the Underwriter Group) for any Liabilities to which Lender, the Lender Group or the Underwriter Group may become subject insofar as the Liabilities arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in the Covered Disclosure Information or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated in the Covered Disclosure Information or necessary in order to make the statements in the Covered Disclosure Information, in light of the circumstances under which they were made, not misleading and (C) agreeing to reimburse Lender, the Lender Group and/or the Underwriter Group for any out- of-pocket legal or other expenses reasonably incurred by Lender, the Lender Group and the Underwriter Group in connection with investigating or defending the Liabilities; provided, however, that (I) Borrower and Guarantor will be liable in any such case under Section 11.2(b) or clauses (B) or (C) above only to the extent that any such loss claim, damage or liability arises out of or is based upon any such untrue statement or omission made therein in reliance upon and in conformity with information furnished to Lender by or on behalf of Borrower in connection with the preparation of the Disclosure Document or in connection with the underwriting or closing of the Loan, including, without limitation, financial statements of Borrower, operating statements and rent rolls with respect to the Property, or is contained in the Disclosure Documents with respect to the matters referenced in clause (A) above (but, in each case, excluding forward-looking budgets and projections), (II) Borrower and Guarantor shall not be obligated to provide the certification set forth in clause (A) above or be liable under Section 11.2(b) or clause (B) or (C) above if Borrower has not been afforded five (5) Business Days to review and comment on the applicable sections of the applicable Disclosure Document, and (III) Borrower and Guarantor shall not be liable under Section 11.2(b) or clause (B) or (C) above with respect to any statement or omission or any failure of Lender to accurately transcribe any portion of the Covered Disclosure Information provided by Borrower if Borrower shall have notified Lender as to the existence of such untrue statement, omission or inaccuracy within a reasonable period of time prior to pricing of the securities and Lender shall have failed to cause such Disclosure Document to be revised accordingly. The indemnification provided for in clauses (B) and (C) above shall be effective (subject to the proviso set forth in the immediately preceding sentence) whether or not the indemnification agreement described above is provided. The aforesaid indemnity will be in addition to any liability which Borrower and Guarantor may otherwise have subject to Section 13.1.

Named Entities:
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Title
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Regulation
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Regulation
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Act
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Regulation
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Act

Tokenized Text:
(
c
)
Borrower
and
Guarantor
shall
provide
in
connection
with
each
of
(
i
)
a
preliminary
and
a
final
private
placement
memorandum
,
offering
memorandum
or
offering
circular
,
(
ii
)
a
free
writing
prospectus
,
(
iii
)
a
preliminary
and
final
prospectus
or
prospectus
supplement
and
(
iv
)
a
structural
and
collateral
term
sheet
,
as
applicable
,
an
agreement
(
A
)
certifying
that
Borrower
has
examined
the
portions
of
such
Disclosure
Documents
specified
by
Lender
and
that
each
such
Disclosure
Document
,
as
it
relates
to
Borrower
,
Borrower
Affiliates
,
the
Property
(
or
any
portion
thereof
)
,
any
Affiliated
Manager
,
Guarantor
,
the
Management
Agreement
,
the
terms
of
the
Loan
Documents
and
the
use
of
Loan
proceeds
(
but
excluding
any
forward-looking
budgets
and
projections
)
(
collectively
,
with
the
Provided
Information
,
the
Covered
Disclosure
Information
)
,
does
not
contain
any
untrue
statement
of
a
material
fact
or
omit
to
state
a
material
fact
necessary
in
order
to
make
the
statements
made
,
in
the
light
of
the
circumstances
under
which
they
were
made
,
not
misleading
,
(
B
)
indemnifying
Lender
(
and
for
purposes
of
this
Section
11
.
2
(
c
)
,
Lender
hereunder
shall
include
its
officers
and
directors
)
,
the
Affiliate
of
Lender
(
Lender
Affiliate
)
that
has
filed
the
registration
statement
relating
to
the
Securitization
(
the
Registration
Statement
)
,
each
of
its
directors
,
each
of
its
officers
who
have
signed
the
Registration
Statement
or
Affiliate
of
Lender
that
has
acted
as
sponsor
or
depositor
in
connection
with
the
Securitization
,
and
each
Person
that
controls
the
Affiliate
within
the
meaning
of
Section
15
of
the
Securities
Act
or
Section
20
of
the
Exchange
Act
(
collectively
,
the
Lender
Group
)
,
and
Lender
Affiliate
,
and
any
other
placement
agent
,
initial
purchaser
or
underwriter
with
respect
to
the
Securitization
,
each
of
their
respective
directors
and
each
Person
who
controls
Lender
Affiliate
or
any
other
placement
agent
or
underwriter
within
the
meaning
of
Section
15
of
the
Securities
Act
and
Section
20
of
the
Exchange
Act
(
collectively
,
the
Underwriter
Group
)
for
any
Liabilities
to
which
Lender
,
the
Lender
Group
or
the
Underwriter
Group
may
become
subject
insofar
as
the
Liabilities
arise
out
of
or
are
based
upon
any
untrue
statement
or
alleged
untrue
statement
of
any
material
fact
contained
in
the
Covered
Disclosure
Information
or
arise
out
of
or
are
based
upon
the
omission
or
alleged
omission
to
state
therein
a
material
fact
required
to
be
stated
in
the
Covered
Disclosure
Information
or
necessary
in
order
to
make
the
statements
in
the
Covered
Disclosure
Information
,
in
light
of
the
circumstances
under
which
they
were
made
,
not
misleading
and
(
C
)
agreeing
to
reimburse
Lender
,
the
Lender
Group
and
/
or
the
Underwriter
Group
for
any
out
-
of-pocket
legal
or
other
expenses
reasonably
incurred
by
Lender
,
the
Lender
Group
and
the
Underwriter
Group
in
connection
with
investigating
or
defending
the
Liabilities
;
provided
,
however
,
that
(
I
)
Borrower
and
Guarantor
will
be
liable
in
any
such
case
under
Section
11
.
2
(
b
)
or
clauses
(
B
)
or
(
C
)
above
only
to
the
extent
that
any
such
loss
claim
,
damage
or
liability
arises
out
of
or
is
based
upon
any
such
untrue
statement
or
omission
made
therein
in
reliance
upon
and
in
conformity
with
information
furnished
to
Lender
by
or
on
behalf
of
Borrower
in
connection
with
the
preparation
of
the
Disclosure
Document
or
in
connection
with
the
underwriting
or
closing
of
the
Loan
,
including
,
without
limitation
,
financial
statements
of
Borrower
,
operating
statements
and
rent
rolls
with
respect
to
the
Property
,
or
is
contained
in
the
Disclosure
Documents
with
respect
to
the
matters
referenced
in
clause
(
A
)
above
(
but
,
in
each
case
,
excluding
forward-looking
budgets
and
projections
)
,
(
II
)
Borrower
and
Guarantor
shall
not
be
obligated
to
provide
the
certification
set
forth
in
clause
(
A
)
above
or
be
liable
under
Section
11
.
2
(
b
)
or
clause
(
B
)
or
(
C
)
above
if
Borrower
has
not
been
afforded
five
(
5
)
Business
Days
to
review
and
comment
on
the
applicable
sections
of
the
applicable
Disclosure
Document
,
and
(
III
)
Borrower
and
Guarantor
shall
not
be
liable
under
Section
11
.
2
(
b
)
or
clause
(
B
)
or
(
C
)
above
with
respect
to
any
statement
or
omission
or
any
failure
of
Lender
to
accurately
transcribe
any
portion
of
the
Covered
Disclosure
Information
provided
by
Borrower
if
Borrower
shall
have
notified
Lender
as
to
the
existence
of
such
untrue
statement
,
omission
or
inaccuracy
within
a
reasonable
period
of
time
prior
to
pricing
of
the
securities
and
Lender
shall
have
failed
to
cause
such
Disclosure
Document
to
be
revised
accordingly
.
The
indemnification
provided
for
in
clauses
(
B
)
and
(
C
)
above
shall
be
effective
(
subject
to
the
proviso
set
forth
in
the
immediately
preceding
sentence
)
whether
or
not
the
indemnification
agreement
described
above
is
provided
.
The
aforesaid
indemnity
will
be
in
addition
to
any
liability
which
Borrower
and
Guarantor
may
otherwise
have
subject
to
Section
13
.
1
.