Exhibit 4.11


 


 

EXECUTION
VERSION






	 



 


One and Two Prudential Plaza


 



SECOND AMENDED AND RESTATED


CO-LENDER AGREEMENT


 


Dated as of October 20, 2016


 


among


 


WILMINGTON TRUST, NATIONAL ASSOCIATION,
AS TRUSTEE, FOR THE BENEFIT 

OF THE HOLDERS OF THE COMM 2015-CCRE26 MORTGAGE TRUST COMMERCIAL 

MORTGAGE PASS-THROUGH CERTIFICATES


SERIES 2015-CCRE26


(Note A-1 Holder)



and


WELLS FARGO BANK, NATIONAL ASSOCIATION,
AS TRUSTEE, FOR THE BENEFIT 

OF THE HOLDERS OF THE CD 2016-CD1 MORTGAGE TRUST COMMERCIAL 

MORTGAGE PASS-THROUGH CERTIFICATES


SERIES 2016-CD1 


(Note A-2-1 Holder)


and


GERMAN AMERICAN CAPITAL CORPORATION





(Note A-2-2 Holder)





and





GERMAN AMERICAN CAPITAL CORPORATION





(Note A-3-1 Holder)





and





GERMAN AMERICAN CAPITAL CORPORATION





(Note A-3-2 Holder)





and





GERMAN AMERICAN CAPITAL CORPORATION





(Note A-3-3 Holder)





and





GERMAN AMERICAN CAPITAL CORPORATION





(Note A-4 Holder)


	 



 



     


     


    
 

TABLE OF CONTENTS


 


	 	 	Page
	 	 	 
	1.	Definitions; Conflicts	2
	2.	Servicing of the Mortgage Loan	14
	3.	Priority of Notes	15
	4.	Workout	16
	5.	Accounts; Payment Procedure	16
	6.	Limitation on Liability	17
	7.	Representations of the Holders	17
	8.	Independent Analyses of each Holder	18
	9.	No Creation of a Partnership or Exclusive Purchase Right	18
	10.	Not a Security	18
	11.	Other Business Activities of the Holders	19
	12.	Transfer of Notes	19
	13.	Exercise of Remedies by the Servicer	21
	14.	Rights of the Directing Holder	22
	15.	Appointment of Special Servicer	23
	16.	Rights of the Non-Directing Holders	23
	17.	Advances; Reimbursement of Advances	24
	18.	Provisions Relating to Securitization	25
	19.	Governing Law; Waiver of Jury Trial	28
	20.	Modifications	28
	21.	Successors and Assigns; Third Party Beneficiaries	28
	22.	Counterparts	28
	23.	Captions	28
	24.	Notices	28
	25.	Custody of Mortgage Loan Documents	29




 


    -i- 


     


    
 

THIS AMENDED AND RESTATED
CO-LENDER AGREEMENT (the “Agreement”), dated as of October 20, 2016, is among Wilmington Trust, National Association,
as Trustee, for the benefit of the Holders of COMM 2015-CCRE26 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series
2015-CCRE26 (“Note A-1 Holder”), Wells Fargo Bank, National Association, as Trustee, for the benefit of the
Holders of CD 2016-CD1 Mortgage Trust Commercial Mortgage Pass-Through Securities, Series 2016-CD1 (“Note A-2-1 Holder”),
GERMAN AMERICAN CAPITAL CORPORATION, a Maryland Corporation (“GACC”), having an address at 60 Wall Street,
10th Floor, New York, New York 10005, as the holder of Note A-2-2, GACC, as the holder of Note A-3-1, GACC, as the holder
of Note A-3-2, GACC, as the holder of Note A-3-3 and GACC, as the holder of Note A-4.


 


W I T N E S S E T H:


 


WHEREAS, German American
Capital Corporation (“GACC”) has made a mortgage loan in the original principal amount of $415,000,000 (the
“Mortgage Loan”) to SL PRU LLC (the “Borrower”) pursuant to a loan agreement between the
Borrower, as borrower, and GACC, as lender, dated as of July 30, 2015 (the “Loan Agreement”);


 



WHEREAS, the Mortgage
Loan is secured by a first mortgage lien (the “Mortgage”) on the real property known as One and Two Prudential
Plaza, located in Chicago, IL (the “Mortgaged Property”);


 


WHEREAS, as of October
18, 2015, the Mortgage Loan was evidenced by four notes, Promissory Note A-1 in the original principal amount of $115,000,000,
Promissory Note A-2 in the original principal amount of $100,000,000, Promissory Note A-3 in the original principal amount
of $100,000,000 and Promissory Note A-4 in the original principal amount of $100,000,000 (“Note A-1,” “Note A-2,”
“Note A-3” and “Note A-4” respectively and individually, each, a “Note”
and collectively the “Notes”) and such Notes were subject to the Co-Lender Agreement dated as of October 18,
2015, between GACC, as holder of Note A-1, GACC, as holder of Note A-2, GACC, as holder of Note A-3 and GACC, as holder of Note
A-4 (the “Original CLA”);


 


WHEREAS, GACC sold, transferred
and assigned its right, title and interest in and to Note A-1 to Deutsche Mortgage and Asset Receiving Corporation (“DMARC”),
as depositor, pursuant to a Mortgage Loan Purchase Agreement dated as of September 28, 2015, by and between DMARC, as purchaser,
and Note A-1 Holder, as seller, and DMARC transferred its right, title and interest in and to Note A-1 to Wilmington
Trust, National Association, as trustee for the COMM 2015-CCRE26 Mortgage Trust under a pooling and servicing agreement, dated
as of October 1, 2015 (the “Note A-1 PSA”), among DMARC, as depositor, Wells Fargo Bank, National
Association, as master servicer, CWCapital Asset Management LLC, as special servicer, Wilmington Trust, National Association, as
trustee, Wells Fargo Bank, National Association, as certificate administrator and custodian, and Park Bridge Lender Services LLC,
as operating advisor (such sales, transfers and assignments, the “Note A-1 Securitization”);


 



     


     


    

 


WHEREAS, GACC, as the
holder of Note A-2 (and pursuant to Section 18(a) of the Original CLA), severed Note A-2 into two component notes (Note A-2-1 in
the original principal amount of $50,000,000 and Note A-2-2 in the original principal amount of $50,000,000, together, the “New
A-2 Notes”) and caused the Borrower to execute the New A-2 Notes, which New A-2 Notes each have the same interest rate as
Note A-2;


 


WHEREAS, as of August
25, 2016, the Mortgage Loan was evidenced by five notes, Promissory Note A-1 in the original principal amount of $115,000,000,
Promissory Note A-2-1 in the original principal amount of $50,000,000, Promissory Note A-2-2 in the original principal amount of
$50,000,000, Promissory Note A-3 in the original principal amount of $100,000,00, and Promissory Note A-4 in the original principal
amount of $100,000,000 (“Note A-1,” “Note A-2-1,” “Note A-2-1”, “Note
A-3” and Note A-4” respectively, and individually, each, a “Note” and collectively the
“Notes”) and such Notes were subject to the Amended and Restated Co-Lender Agreement dated as of August 25,
2016, among Wilmington Trust, National Association, for the benefit of the holders of the COMM 2015-CCRE26 Mortgage Trust Commercial
Mortgage Pass-Through Certificates, as holder of Note A-1, GACC, as holder of Note A-2-1, GACC, as holder of Note A-2-2, GACC,
as holder of Note A-3 and GACC, as holder of Note A-4 (the “Amended CLA”);


 


WHEREAS, GACC, as the
holder of Note A-2-1, sold, transferred and assigned its right, title and interest in and to Note A-2-1 to DMARC, as depositor,
pursuant to a Mortgage Loan Purchase Agreement dated as of August 1, 2016, by and between DMARC, as purchaser, and GACC, as seller,
and DMARC transferred its right, title and interest in and to Note A-2-1 to Wells Fargo Bank, National Association, as trustee
for CD 2016-CD1 Mortgage Trust under a pooling and servicing agreement, dated as of August 1, 2016 (the “Note A-2-1 PSA”),
between DMARC, 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 trustee, Wells Fargo Bank, National Association,
as certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as operating advisor and asset representations
reviewer (such sales, transfers and assignments, the “Note A-2-1 Securitization”);


 



WHEREAS, GACC, as the
holder of Note A-3 (and pursuant to Section 18(a) of the Amended CLA), severed Note A-3 into three component notes (Note A-3-1
in the original principal amount of $40,000,000, Note A-3-2 in the original principal amount of $35,000,000 and Note A-3-3 in the
original principal amount of $25,000,000, together, the “New A-3 Notes”) and caused the Borrower to execute the New
A-3 Notes, which New A-3 Notes each have the same interest rate as Note A-3;


 


WHEREAS, GACC intends
to sell, transfer and assign its right, title and interest in and to Note A-3-1 to Deutsche Mortgage Asset and Receiving Corporation
(“DMARC”), as depositor, pursuant to a Mortgage Loan Purchase Agreement to be dated as of October 7, 2016, by
and between DMARC, as purchaser, and GACC as seller, and DMARC intends to transfer its right, title and interest in and to Note
A-3-1 to Wells Fargo Bank, National Association, as trustee for the COMM 2016-COR1 Mortgage Trust under a pooling and servicing
agreement, dated as of October 1, 2016 (the “Note A-3-1 PSA”), between DMARC, as depositor, Midland


 



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Loan Services,
a division of PNC Bank, National Association, as master servicer and special servicer, Wells Fargo Bank, National Association,
as trustee, certificate administrator, paying agent and custodian, and Park Bridge Lender Services LLC, as operating advisor and
asset representations reviewer (such sales, transfers and assignments, the “Note A-3-1 Securitization”);


 


WHEREAS, Note A-2-2
Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest in and to Note A-2-2
to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization of one or more
mortgage loans;


 


WHEREAS, Note A-3-2
Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest in and to Note A-3-2
to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization of one or more
mortgage loans;


 


WHEREAS, Note A-3-3
Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest in and to Note A-3-3
to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization of one or more
mortgage loans;


 


WHEREAS, Note A-4
Holder intends, but is not bound, to sell transfer and assign all or a portion of its right, title and interest in and to Note A-4
to one or more depositors who will in turn transfer the same to one or more trusts as part of the securitization of one or more
mortgage loans; and


 


WHEREAS, the parties
hereto desire to enter into this Agreement to memorialize the terms under which they, and their successors and assigns, shall hold
Note A-1, Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3, and Note A-4, respectively;


 


NOW, THEREFORE, in consideration
of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto mutually agree as follows:


 


1.            Definitions; Conflicts.
References to a “Section” or the “recitals” are, unless otherwise specified, to a Section or the recitals
of this Agreement. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Servicing
Agreement. To the extent of any inconsistency between terms defined in this Agreement and the Servicing Agreement, the terms of
this Agreement shall control. Whenever used in this Agreement, the following terms shall have the respective meanings set forth
below unless the context clearly requires otherwise.


 


“Acceptable
Insurance Default” shall have the meaning assigned to such term or analogous term in the Servicing Agreement.


 



    -3-


     


    








 


“Advance”
shall mean any P&I Advance or Property Advance made with respect to any of the Notes, the Mortgage Loan or the Mortgaged Property
pursuant to the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3-1 PSA, the Note A-3-2 PSA, the
Note A-3-3 PSA or the Note A-4 PSA.


 


“Affiliate”
shall mean, with respect to any specified Person, (a) any other Person controlling or controlled by or under common control
with such specified Person (each, a “Common Control Party”), (b) any other Person owning, directly or indirectly,
ten percent (10%) or more of the beneficial interests in such Person or (c) any other Person in which such Person or a Common
Control Party owns, directly or indirectly, ten percent (10%) or more of the beneficial interests. For the purposes of this definition,
“control” when used with respect to any specified Person means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting securities, by contract, relation to individuals or otherwise,
and the terms “controlling” and “controlled” have meanings correlative to the foregoing.


 


“Agreement”
shall mean this Co-Lender Agreement, the exhibits and schedules hereto, and all amendments hereof and supplements hereto.


 


“Borrower”
shall have the meaning assigned to such term in the recitals.


 


“Business Day”
shall have the meaning assigned to such term in the Servicing Agreement.


 


“CLO Asset Manager”
shall mean, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering
the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including,
without limitation, the right to exercise any consent and control rights available to the Directing Holder).


 


“Certificates”
shall mean any securities issued in connection with the Note A-1 Securitization, the Note A-2-1 Securitization, the Note A-2-2
Securitization, the Note A-3-1 Securitization, the Note A-3-2 Securitization, the Note A-3-3 Securitization or the Note A-4 Securitization.


 


“Code”
shall mean the Internal Revenue Code of 1986, as amended.


 


“Collection
Account” shall mean the “collection account” or sub-account thereof, established under the Servicing Agreement
for the purpose of servicing the Mortgage Loan.


 


“Consultation
Termination Event” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.


 


“Control”
shall mean the ownership, directly or indirectly, in the aggregate of more than fifty percent (50%) of the beneficial ownership
interests of an entity and the possession, directly or indirectly, of the power to direct or cause the direction of the management
or policies of an entity, whether through the ability to exercise voting power, by contract or


 



    -4-


     


    

 


otherwise. “controlled by,”
“controlling” and “under common control with” shall have the respective correlative meaning thereto.


 


“DBRS”
shall mean DBRS, Inc. and its successors in interest.


 


“Defaulted Mortgage
Loan” shall mean the Mortgage Loan in the event that the Mortgage Loan is delinquent at least 60 days in respect of its
Monthly Payments or more than 60 days in respect of its balloon payment, in either case to be determined without giving effect
to any grace period permitted by the Mortgage Loan Documents and without regard to any acceleration of payments under the Mortgage
Loan Documents.


 


“Depositor”
shall mean (i) with respect to the Note A-1 Securitization, DMARC, (ii) with respect to the Note A-2-1 Securitization,
DMARC, (iii) with respect to the Note A-2-2 Securitization, the depositor under the Note A-2-2 PSA, (iv) with respect to the Note A-3-1
Securitization, DMARC, (v) with respect to the Note A-3-2 Securitization, the depositor under the Note A-3-2 PSA, (vi)
with respect to the Note A-3-3 Securitization, the depositor under the Note A-3-3 PSA and (vii) with respect to the Note A-4
Securitization, the depositor under the Note A-4 PSA.


 


“Directing Holder”
shall mean the Note A-1 Holder or, if the Note A-1 is included in a Securitization, the holders of Certificates representing
the specified interest in the class of Certificates designated as the “controlling class” or the duly appointed representative
of the holders of such Certificates or such other party that the Note A-1 Holder grants the right to exercise the rights granted
to the Directing Holder in this Agreement; provided, that no Borrower, property manager or affiliate thereof shall be entitled
to act as Directing Holder.


 


“Event of Default”
shall mean an “Event of Default” as defined in the Loan Agreement.


 


“Excluded Amounts”
shall mean:


 


(i)          proceeds,
awards or settlements to be applied to the restoration or repair of the Mortgaged Property or released to the Borrower in accordance
with the terms of the Mortgage Loan Documents;


 


(ii)         amounts
required to be deposited in reserve or escrow pursuant to the Mortgage Loan Documents; and


 


(iii)        amounts
that are then due and payable pursuant to the Servicing Agreement to the parties to the Servicing Agreement, including, without
limitation, Servicing Fees, Special Servicing Fees, Liquidation Fees, Workout Fees, as applicable, reimbursement of costs and expenses,
reimbursement of Property Advances and interest thereon at the Reimbursement Rate;


 


but shall not include (A) any amounts
received in respect of any P&I Advances (and interest thereon), (B) any Servicing Fees due to the Master Servicer in excess
of the Servicing Fee calculated at the “primary servicing fee rate” set forth in the Servicing Agreement and (C) any
Trustee Fees.


 



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“Fitch”
shall mean Fitch Ratings, Inc. and its successors in interest.


 


“GACC”
shall mean German American Capital Corporation and its successors in interest.


 


“Hazardous Materials”
shall mean any dangerous, toxic or hazardous pollutants, chemicals, wastes, or substances, including, without limitation, those
so identified pursuant to the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. § 9601
et seq., or any other environmental laws now existing, and specifically including, without limitation, asbestos and asbestos-containing
materials, polychlorinated biphenyls (“PCBs”), radon gas, petroleum and petroleum products, urea formaldehyde
and any substances classified as being “in inventory,” “usable work in process” or similar classification
which would, if classified as unusable, be included in the foregoing definition.


 


“Holder”
shall mean the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder,
the Note A-3-3 Holder and the Note A-4 Holder.


 


“Intervening
Trust Vehicle” shall mean, with respect to any Securitization Vehicle that is a CLO, a trust vehicle or entity which
holds Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4 as collateral securing (in whole or in part)
any obligation or security held by such Securitization Vehicle as collateral for the CLO.


 


“KBRA”
shall mean Kroll Bond Rating Agency, Inc. and its successors in interest.


 


“Lead Note”
shall mean Note A-1.


 


“Lead Note Holder”
shall mean the Holder of the Lead Note.


 


“Lead Securitization”
shall mean the Note A-1 Securitization.


 


“Lead Securitization
Trust” shall mean the trust established under the Note A-1 PSA in connection with the Lead Securitization.


 


“Lead Servicer”
shall mean the servicer and/or special servicer designated under the Note A-1 PSA.


 


“Liquidation
Proceeds” shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.


 


“Loan Agreement”
shall have the meaning assigned to such term in the recitals.


 


“Major Action”
shall have the meaning assigned to the term “Material Action,” “Major Action,” “Major Decision”
or any equivalent term in the Servicing Agreement.


 


“Master Servicer”
shall mean the master servicer under the Servicing Agreement and any successor thereunder.


 



    -6-


     


    

 


“Master Servicer
Remittance Date” shall mean:


 


(i)          with
respect to Note A-1, the “Master Servicer Remittance Date” (or analogous term) as defined in the Note A-1
PSA;


 


(ii)         with
respect to Note A-2-1, (a) prior to the Note A-2-1 Securitization, the Business Day after each Determination Date, and (b) from
and after the Note A-2-1 Securitization, the second Business Day before the “servicer remittance date,” as such term
or a similar term is defined in the Note A-2-1 PSA (as long as such date is at least two Business Days after receipt of the Monthly
Payment);


 


(iii)        with
respect to Note A-2-2, (a) prior to the Note A-2-2 Securitization, the Business Day after each Determination Date, and (b) from
and after the Note A-2-2 Securitization, the second Business Day before the “servicer remittance date,” as such term
or a similar term is defined in the Note A-2-2 PSA (as long as such date is at least two Business Days after receipt of the Monthly
Payment);


 


(iv)        with
respect to Note A-3-1, (a) prior to the Note A-3-1 Securitization, the Business Day after each Determination Date, and (b) from
and after the Note A-3-1 Securitization, the second Business Day before the “servicer remittance date,” as such term
or a similar term is defined in the Note A-3-1 PSA (as long as such date is at least two Business Days after receipt of the Monthly
Payment);


 


(v)         with
respect to Note A-3-2, (a) prior to the Note A-3-2 Securitization, the Business Day after each Determination Date, and (b) from
and after the Note A-3-2 Securitization, the second Business Day before the “servicer remittance date,” as such term
or a similar term is defined in the Note A-3-2 PSA (as long as such date is at least two Business Days after receipt of the Monthly
Payment);


 


(vi)        with
respect to Note A-3-3, (a) prior to the Note A-3-3 Securitization, the Business Day after each Determination Date, and (b) from
and after the Note A-3-3 Securitization, the second Business Day before the “servicer remittance date,” as such term
or a similar term is defined in the Note A-3-3 PSA (as long as such date is at least two Business Days after receipt of the Monthly
Payment); and


 


(vii)       with
respect to Note A-4, (a) prior to the Note A-4 Securitization, the Business Day after each Determination Date, and (b) from and
after the Note A-4 Securitization, the second Business Day before the “servicer remittance date,” as such term or a
similar term is defined in the Note A-4 PSA (as long as such date is at least two Business Days after receipt of the Monthly Payment).


 


“Maturity Date”
shall have the meaning assigned to such term in Exhibit A.


 



    -7-


     


    

 


“Monthly Payment”
with respect to any period shall mean all amounts due and payable to any Holder or Holders during such period in accordance with
the Mortgage Loan Documents.


 


“Moody’s”
shall mean Moody’s Investors Service, Inc. and its successors in interest.


 


“Morningstar”
shall mean Morningstar Credit Ratings, LLC and its successors in interest.


 


“Mortgage”
shall have the meaning assigned to such term in the recitals.


 


“Mortgage Interest
Rate” shall mean the Mortgage Interest Rate set forth in the Mortgage Loan Schedule with respect to each of Note A-1,
Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3, and Note A-4.


 


“Mortgage Loan”
shall have the meaning assigned such term in the recitals.


 


“Mortgage Loan
Documents” shall mean the Mortgage, the Loan Agreement, the Notes, and all other documents evidencing or securing the
Mortgage Loan.


 


“Mortgage Loan
Principal Balance” shall mean, at any date of determination, the aggregate principal balance of the Notes evidencing
the Mortgage Loan.


 


“Mortgage Loan
Schedule” shall mean the schedule in the form attached hereto as Exhibit A, which schedule sets forth certain
information regarding the Mortgage Loan and the Notes.


 


“Mortgaged Property”
shall have the meaning assigned such term in the recitals.


 


“Non-Directing
Holders” shall mean the holders of Certificates representing the specified interest in the class of Certificates designated
as the “controlling class” or the duly appointed representative of the holders of such Certificates or such other party
otherwise entitled under the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3-1 PSA, the Note A-3-2 PSA, the Note A-3-3 PSA and
the Note A-4 PSA to exercise the rights granted to the Non-Directing Holders in this Agreement. If Note A-2-1, Note A-2-2, Note
A-3-1, Note A-3-2, Note A-3-3 or Note A-4 is not in a Securitization, the Non-Directing Holder with respect to such Note will be
the then-current Holder of such Note.


 


“Non-Lead Master
Servicer” shall mean, (i) with respect to Note A-2-1 and the Note A-2-1 PSA, the master servicer designated under the
Note A-2-1 PSA, (ii) with respect to Note A-2-2 and the Note A-2-2 PSA, the master servicer designated under the Note A-2-2 PSA,
(iii) with respect to Note A-3-1 and the Note A-3-1 PSA, the master servicer designated under the Note A-3 PSA, (iv) with
respect to Note A-3-2 and the Note A-3-2 PSA, the master servicer designated under the Note A-3-2 PSA, (v) with respect to
Note A-3-3 and the Note A-3-3 PSA, the master servicer designated under the Note A-3-3 PSA and (vi) with respect to Note A-4
and the Note A-4 PSA, the master servicer designated under the Note A-4 PSA.


 



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“Non-Lead Note”
shall mean Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 and Note A-4.


 


“Non-Lead Note
Holders” shall mean the holders of the Non-Lead Notes.


 


“Non-Lead Servicing
Agreements” shall mean the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3-1 PSA, the Note A-3-2 PSA, the Note
A-3-3 PSA and the Note A-4 PSA.


 


“Nonrecoverable
Advance” shall have the meaning ascribed to such term in the Servicing Agreement.


 


“Note A-1”
shall have the meaning assigned such term in the recitals.


 


“Note A-1
Holder” shall mean German American Capital Corporation or any subsequent holder of Note A-1.


 


“Note A-1
Master Servicer” shall mean the master servicer under the Note A-1 PSA.


 


“Note A-1
Principal Balance” shall mean, at any time of determination, the initial Note A-1 Principal Balance as set forth
in the Mortgage Loan Schedule, less any payments of principal thereon received by the Note A-1 Holder and any reductions in
such amount pursuant to Section 4.


 


“Note A-1
PSA” shall have the meaning assigned such term in the recitals.


 


“Note A-1
Securitization” shall mean the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor
who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.


 


“Note A-1
Securitization Date” shall mean the closing date of the Note A-1 Securitization.


 


“Note A-1
Special Servicer” shall mean the special servicer for the Mortgage Loan under the Note A-1 PSA.


 


“Note A-1 Trustee”
shall mean the trustee under the Note A-1 PSA.


 


“Note A-2-1”
shall have the meaning assigned such term in the recitals.


 


“Note A-2-1
Holder” shall mean German American Capital Corporation or any subsequent holder of Note A-2-1.


 


“Note A-2-1
Principal Balance” shall mean at any time of determination, the initial Note A-2-1 Principal Balance as set forth
in the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-2-1 Holder and any reductions
in such amount pursuant to Section 4.


 


“Note A-2-1
PSA” shall have the meaning assigned to such term in the recitals.


 



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“Note A-2-1
Securitization” shall have the meaning assigned to such term in the recitals.


 


“Note A-2-1
Securitization Date” shall mean the closing date of the Note A-2-1 Securitization.


 


“Note A-2-2”
shall have the meaning assigned such term in the recitals.


 


“Note A-2-2
Holder” shall mean German American Capital Corporation or any subsequent holder of Note A-2-2.


 


“Note A-2-2
Principal Balance” shall mean at any time of determination, the initial Note A-2-2 Principal Balance as set forth
in the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-2-2 Holder and any reductions
in such amount pursuant to Section 4.


 


“Note A-2-2
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-2-2
Securitization.


 


“Note A-2-2
Securitization” shall mean the first sale by the Note A-2-2 Holder of all or any portion of Note A-2-2 to a
depositor who will in turn include all or such portion (as applicable) of Note A-2-2 as part of the securitization of one
or more mortgage loans.


 


“Note A-2-2
Securitization Date” shall mean the closing date of the Note A-2-2 Securitization.


 


“Note A-3-1”
shall have the meaning assigned such term in the recitals.


 


“Note A-3-1
Holder” shall mean GACC or any subsequent holder of Note A-3-1.


 


“Note A-3-1
Principal Balance” shall mean at any time of determination, the initial Note A-3-1 Principal Balance as set forth
in the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-3-1 Holder and any reductions
in such amount pursuant to Section 4.


 


“Note A-3-1
PSA” shall have the meaning assigned such term in the recitals.


 


“Note A-3-1
Securitization” shall have the meaning assigned such term in the recitals.


 


“Note A-3-1
Securitization Date” shall mean the closing date of the Note A-3-1 Securitization.


 


“Note A-3-2”
shall have the meaning assigned such term in the recitals.


 


“Note A-3-2
Holder” shall mean GACC or any subsequent holder of Note A-3-2.


 


“Note A-3-2
Principal Balance” shall mean at any time of determination, the initial Note A-3-2 Principal Balance as set forth
in the Mortgage Loan Schedule less any


 



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payments of principal thereon received by the Note A-3-2 Holder and any reductions
in such amount pursuant to Section 4.


 


“Note A-3-2
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-3-2
Securitization.


 


“Note A-3-2
Securitization” shall mean the first sale by the Note A-3-2 Holder of all or any portion of Note A-3-2 to a
depositor who will in turn include all or such portion (as applicable) of Note A-3-2 as part of the securitization of one
or more mortgage loans.


 


“Note A-3-2
Securitization Date” shall mean the closing date of the Note A-3-2 Securitization.


 


“Note A-3-3”
shall have the meaning assigned such term in the recitals.


 


“Note A-3-3
Holder” shall mean GACC or any subsequent holder of Note A-3-3.


 


“Note A-3-3
Principal Balance” shall mean at any time of determination, the initial Note A-3-3 Principal Balance as set forth
in the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-3-3 Holder and any reductions
in such amount pursuant to Section 4.


 


“Note A-3
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-3 Securitization.


 


“Note A-3-3
Securitization” shall mean the first sale by the Note A-3-3 Holder of all or any portion of Note A-3-3 to a
depositor who will in turn include all or such portion (as applicable) of Note A-3-3 as part of the securitization of one
or more mortgage loans.


 


“Note A-3-3
Securitization Date” shall mean the closing date of the Note A-3-3 Securitization.


 


“Note A-4”
shall have the meaning assigned such term in the recitals.


 


“Note A-4
Holder” shall mean German American Capital Corporation or any subsequent holder of Note A-4.


 


“Note A-4
Principal Balance” shall mean at any time of determination, the initial Note A-4 Principal Balance as set forth
in the Mortgage Loan Schedule less any payments of principal thereon received by the Note A-4 Holder and any reductions in
such amount pursuant to Section 4.


 


“Note A-4
PSA” shall mean the “pooling and servicing agreement” entered into in connection with the Note A-4 Securitization.


 


“Note A-4
Securitization” shall mean the first sale by the Note A-4 Holder of all or any portion of Note A-4 to a depositor
who will in turn include all or such portion (as applicable) of Note A-4 as part of the securitization of one or more mortgage
loans.


 



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“Note A-4
Securitization Date” shall mean the closing date of the Note A-4 Securitization.


 


“Notes”
shall have the meaning assigned such term in the recitals.


 


“P&I Advance”
shall mean an advance made by a party to the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3-1 PSA, the
Note A-3-2 PSA, the Note A-3-3 PSA or the Note A-4 PSA, as applicable, with respect to a delinquent monthly debt service payment
on the Notes included in the related Securitization.


 


“Penalty Charges”
shall mean any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest,
but excluding any yield maintenance charge or prepayment premium.


 


“Permitted Fund
Manager” shall mean any Person (a) listed on Exhibit C attached hereto or (b) that on the date of determination
is (i) a Qualified Transferee or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (ii) investing through one or more funds with committed capital of at least $250,000,000
and (iii) not subject to a proceeding, whether voluntary or involuntary, relating to the bankruptcy, insolvency, reorganization
or relief of debtors.


 


“Person”
shall mean any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company,
trust, unincorporated organization or government or any agency or political subdivision thereof.


 


“Property Advance”
shall mean an advance made in respect of property protection expenses or expenses incurred to protect, preserve and enforce the
security for the Mortgage Loan or to pay taxes and assessments or insurance premiums with respect to the Mortgaged Property.


 


“Pro Rata and
Pari Passu Basis” shall mean with respect to the Notes and each Holder, (i) for purposes of allocating payments of interest
among the Notes, each Note or Holder, as the case may be, is allocated its respective pro rata share based on the interest accrued
on such Note at the respective Interest Rate of such Note based on the outstanding principal balance of the such Note and (ii)
for all other purposes, the allocation of any particular payment, collection, cost, expense, liability or other amount between
such Notes or such Holders, as the case may be, without any priority of any such Note or any such Holder over another Note or Holder,
as the case may be, and in any event such that each Note or Holder, as the case may be, is allocated its respective pro rata share
based on the principal balance of its Note in relation to the principal balance of the entire Mortgage Loan of such particular
payment, collection, cost, expense, liability or other amount.


 


“Qualified Servicer”
shall mean (i) Wells Fargo Bank, National Association, (ii) KeyBank National Association or in the case of a Special
Servicer, CWCapital Asset Management LLC or (iii) any nationally recognized commercial mortgage loan servicer (1) rated
at least “CSS3,” in the case of a special servicer, or at least “CMS2,” in the case of a master servicer,
by Fitch, (2) on the S&P Select Servicer List as a U.S. Commercial Mortgage Master Servicer or a U.S. Commercial Mortgage
Special Servicer, as applicable, (3) as to which neither


 



    -12-


     


    

 


Moody’s nor KBRA has cited servicing concerns of such servicer
as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status”
in contemplation of a ratings downgrade or withdrawal) of securities in any CMBS transaction rated by Moody’s or KBRA, as
applicable, and serviced by such servicer prior to the time of determination, (4) a servicer that (i) during the 12-month period
prior to the date of determination, acted as master servicer or special servicer, as applicable, in a commercial mortgage loan
securitization rated by Morningstar and (ii) Morningstar has not qualified, downgraded or withdrawn the then-current rating or
ratings of one or more classes of such certificates citing servicing concerns with the servicer or special servicer, as applicable,
as the sole or material factor in such rating action and (5) that is then currently acting as servicer in a CMBS transaction rated
by DBRS and as to which DBRS has not cited servicing concerns of such servicer as the sole or material factor in any qualification,
downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal)
of any securities issued in such transaction that are rated by DBRS. For purposes of this definition, for so long as any Note is
included in a Securitization, the ratings or actions of any Rating Agency that is not rating any such Securitization(s) shall not
be considered.


 


“Qualified Transferee”
shall mean an Affiliate of Note A-1 Holder, Note A-2-1 Holder, Note A-2-2 Holder, Note A-3-1 Holder, Note A-3-2 Holder,
Note A-3-3 Holder or Note A-4 Holder or one or more of the following (other than the Borrower or any entity which is an Affiliate
of the Borrower):


 


(i)          an
insurance company, bank, savings and loan association, investment bank, trust company, commercial credit corporation, pension plan,
pension fund, pension fund advisory firm, mutual fund, real estate investment trust or governmental entity or plan; or


 


(ii)         an
investment company, money management firm or a “qualified institutional buyer” within the meaning of Rule 144A under
the Securities Act of 1933, as amended, which regularly engages in the business of making or owning investments of types similar
to the Mortgage Loan; or


 


(iii)        an
institution substantially similar to any of the foregoing entities described in clauses (i) or (ii) above; or


 


(iv)        any
entity Controlled by or under common Control or Controlling any of the entities described in clauses (i), (ii) or (iii) above;
or


 


(v)         a
Qualified Trustee (or, in the case of a CLO, a single purpose bankruptcy-remote entity that contemporaneously pledges its interest
in a Note to a Qualified Trustee) in connection with (A) a securitization of, (B) the creation of collateralized debt
obligations (“CLO”) secured by, or (C) a financing through an “owner trust” of, any interest
in a Note (any of the foregoing, a “Securitization Vehicle”), provided that either (1) one or more
classes of securities issued by such Securitization Vehicle is initially rated at least investment grade by at least two of the
Rating Agencies that also assigned a rating to one or more classes of securities issued in connection with the Securitization of
a Note; (2) in the case of a


 



    -13-


     


    

 


Securitization Vehicle that is not a CLO, the special servicer for the Securitization Vehicle
is a Qualified Servicer at the time of transfer; or (3) in the case of a Securitization Vehicle that is a CLO, the CLO Asset
Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by a CLO Asset Manager that is
a Qualified Transferee, is a Qualified Transferee under clause (i), (ii), (iii) or (iv) of this definition; or


 


(vi)        an
investment fund, limited liability company, limited partnership or general partnership in which a Permitted Fund Manager acts as
the general partner, managing member, or the fund manager responsible for the day to day management and operation of such investment
vehicle, provided that greater than fifty percent (50%) of the equity interests in such investment vehicle are owned, directly
or indirectly, by one or more entities that are otherwise Qualified Transferees,


 


which, in the case of each of clauses (i),
(ii), and (iii) of this definition, has at least $650,000,000 in total assets (in name or under management) and (except with respect
to a pension advisory firm or similar fiduciary) at least $250,000,000 in capital/statutory surplus or shareholders’ equity,
and is regularly engaged in the business of making or owning commercial real estate loans or commercial loans similar to the Mortgage
Loan.


 


“Qualified Trustee”
shall mean (i) a corporation, national bank, national banking association or a trust company, organized and doing business
under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers and
to accept the trust conferred, having a combined capital and surplus of at least $100,000,000 and subject to supervision or examination
by federal or state authority, (ii) an institution insured by the Federal Deposit Insurance Corporation or (iii) an institution
whose long-term senior unsecured debt is then rated in one of the top two rating categories of each of the Rating Agencies.


 


“Rating Agencies”
shall mean DBRS, Moody’s, Fitch, KBRA, Morningstar and S&P and their respective successors in interest or, if any of
such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized
statistical rating agency reasonably designated by any Holder to rate the securities issued in connection with the Securitization
of the related Note; provided, however, that, unless specified otherwise, at any time during which any Note is an
asset of a Securitization, “Rating Agencies” or “Rating Agency” shall mean only those rating
agencies that are engaged by the applicable Depositor from time to time to rate the securities issued in connection with such Securitization.


 


“Rating Agency
Confirmation” shall mean each of the applicable Rating Agencies shall have confirmed in writing that the occurrence of
the event with respect to which such Rating Agency Confirmation is sought shall not result in a downgrade, qualification or withdrawal
of the applicable rating or ratings ascribed by such Rating Agency to any of the Certificates then outstanding. In the event that
no Certificates are outstanding, any action that would otherwise require a Rating Agency Confirmation shall require the consent
of the Note A-1 Holder, which consent shall not be unreasonably withheld, conditioned or delayed.


 



    -14-


     


    

 


For the purposes of this
Agreement, if any Rating Agency (1) waives, declines or refuses, in writing, to review or otherwise engage any request for a confirmation
hereunder from such Rating Agency that a proposed action will not result in a qualification, downgrade or withdrawal of its then
current rating of the securities issued pursuant to the related Securitization, or (2) does not reply to such request or responds
in a manner that indicates that such Rating Agency is neither reviewing such request nor waiving the requirement for Rating Agency
Confirmation and the related timing, notice and other applicable provisions set forth in the Servicing Agreement and the Note A-2
PSA, Note A-3-1 PSA, Note A-3-2A, Note A-3-3 PSA or Note A-4 PSA have been satisfied, then for such request only, the condition
that such confirmation by such Rating Agency (only) be obtained will be deemed not to apply for purposes of this Agreement. For
purposes of clarity, any such waiver, declination or refusal to review or otherwise engage in any request for such confirmation
hereunder shall not be deemed a waiver, declination or refusal to review or otherwise engage in any subsequent request for such
Rating Agency Confirmation hereunder and the condition for such Rating Agency Confirmation pursuant to this Agreement for any subsequent
request shall apply regardless of any previous waiver, declination or refusal to review or otherwise engage in such prior request.


 


“Reimbursement
Rate” shall have the meaning assigned to such term or the term “Advance Rate” or an analogous term in the
Servicing Agreement.


 


“REO Property”
shall mean the Mortgaged Property, title to which has been acquired by the Servicer on behalf of (or other Person designated by)
the Holders through foreclosure, deed in lieu of foreclosure or otherwise.


 


“S&P”
shall mean S&P Global Ratings, a division of S&P Global, and its successors in interest.


 


“Securitization”
shall mean the Note A-1 Securitization, the Note A-2-1 Securitization, the Note A-2-2 Securitization, the Note A-3-1
Securitization, the Note A-3-2 Securitization, the Note A-3-3 Securitization and/or the Note A-4 Securitization, as applicable.


 


“Servicer”
shall mean (i) the Master Servicer with respect to a non-Specially Serviced Mortgage Loan and the Special Servicer with respect
to a Specially Serviced Mortgage Loan, or (ii) with respect to a specific function, right or obligation as to which the Servicing
Agreement designates the Master Servicer or the Special Servicer, the party so designated, as applicable, pursuant to the Servicing
Agreement.


 


“Servicing Agreement”
shall mean the Note A-1 PSA; provided that in the event the Lead Note is no longer an asset of the trust fund created pursuant
to the Servicing Agreement, the term “Servicing Agreement” shall refer to the subsequent servicing agreement entered
into pursuant to Section 2.


 


“Servicing Fee”
shall mean the fee of the Master Servicer pursuant to the terms of the Servicing Agreement, which will generally be calculated
as the product of (i) the Servicing Fee Rate and (ii) the outstanding principal balance of the Mortgage Loan as of the date of
determination.


 



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“Servicing Fee
Rate” shall have the meaning applied to such term in the Servicing Agreement, being the rate per annum which, when applied
to the Mortgage Loan Principal Balance (which may be a different rate with respect to each of the Notes), will determine the servicing
fee payable to the Master Servicer under the Servicing Agreement.


 


“Servicing Standard”
shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.


 


“Servicing Transfer
Event” shall mean any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan
is required to be transferred to the Special Servicer from the Master Servicer.


 


“Special Servicer”
shall mean the special servicer of the Mortgage Loan as appointed under the terms of this Agreement and the Servicing Agreement,
or any successor special servicer appointed as provided thereunder.


 


“Special Servicing
Fee” shall have the meaning given to such term in the Servicing Agreement.


 


“Specially Serviced
Mortgage Loan” shall mean the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing
Transfer Event.


 


“Transfer”
shall mean any assignment, pledge, conveyance, sale, transfer, mortgage, encumbrance, grant of a security interest, issuance of
a participation interest, or other disposition, either directly or indirectly, by operation of law or otherwise.


 


“Trustee”
shall mean the trustee under the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3-1 PSA, the Note A-3-2
PSA, the Note A-3-3 PSA or the Note A-4 PSA, as the context requires.


 


“Trustee Fee”
shall have the meaning given to such term in the Note A-1 PSA or an analogous term in the Note A-2-1 PSA, the Note A-2-2 PSA, the
Note A-3-1 PSA, the Note A-3-2 PSA, the Note A-3-3 PSA or the Note A-4 PSA, as the context requires.


 


2.            Servicing
of the Mortgage Loan. (a)  Each Holder
acknowledges and agrees that, subject in each case to the specific terms of this Agreement, the Mortgage Loan shall be serviced
from and after the Note A-1 Securitization Date, by the Note A-1 Master Servicer and the Note A-1 Special Servicer
pursuant to the terms of this Agreement and the Note A-1 PSA. Each Holder agrees to reasonably cooperate with each Servicer with
respect to its exercise of its rights and obligations under the Servicing Agreement.


 


(b)          [Reserved.]


 


(c)          Subject
to the terms and conditions of this Agreement, each Holder hereby irrevocably and unconditionally consents to the appointment of
the Master Servicer and the Trustee under the Servicing Agreement by the Depositor and the appointment of the Special Servicer
by the Directing Holder and agrees to reasonably cooperate with the Master Servicer


 



    -16-


     


    

 


and the Special Servicer with respect to the
servicing of the Mortgage Loan in accordance with the Servicing Agreement. Each Holder hereby appoints the Master Servicer, the
Special Servicer and the Trustee under the Servicing Agreement as such Holder’s attorney-in-fact to sign any documents reasonably
required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Servicing Agreement (subject
at all times to the rights of the Holders as set forth herein and in such Servicing Agreement).


 


(d)          If,
at any time the Lead Note is no longer in a Securitization, the Note A-1 Holder shall cause the Mortgage Loan to be serviced
pursuant to a servicing agreement that is substantially similar to the Servicing Agreement (and, if any Non-Lead Note is in a Securitization,
a Rating Agency Confirmation from the Rating Agencies that were engaged by the Depositor to rate such Securitization) and all references
herein to the “Servicing Agreement” shall mean such subsequent Servicing Agreement; provided, however,
that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1
Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement
was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until
a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer
appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing
Agreement that was previously in effect.


 


(e)          Notwithstanding
anything to the contrary contained herein (including Sections 4 and 13(a)), each Servicing Agreement shall provide
that the Servicer shall be required to service and administer the Mortgage Loan in accordance with the Servicing Standard as set
forth in such Servicing Agreement, and any Holder who is not the Borrower or an Affiliate of the Borrower shall be deemed a third-party
beneficiary of such provisions of the Servicing Agreement. It is understood that any Non-Lead Note Holder may separately appoint
a servicer for its Non-Lead Note, by itself or together with other assets, but any such servicer will have no responsibility hereunder
and shall be compensated solely by the applicable Non-Lead Note Holder from funds payable to it hereunder or otherwise.


 


(f)           The
Holders acknowledge that the Servicer is to comply with this Agreement and the Mortgage Loan Documents in connection with the servicing
of the Mortgage Loan.


 


(g)          If
any Note is included as an asset of a real estate mortgage investment conduit (a “REMIC”), within the meaning
of Section 860D(a) of the Code, then, any provision of this Agreement to the contrary notwithstanding: (i) the Mortgage
Loan shall be administered such that the Notes shall qualify at all times as (or as interests in) a “qualified mortgage”
within the meaning of Section 860G(a)(3) of the Code, (ii) any real property (and related personal property) acquired
by or on behalf of the Holders pursuant to a foreclosure, exercise of a power of sale or delivery of a deed in lieu of foreclosure
of the Mortgage or lien on such property following a default on the Mortgage Loan shall be administered so that the interest of
the pro rata share of each Holder therein shall at all times qualify as “foreclosure property” within the meaning
of Section 860G(a)(8) of the Code, and (iii) no Servicer may modify, waive or amend any provision of the Mortgage Loan,
consent to or withhold consent from any action of the Borrower, or exercise or refrain from exercising any powers or rights that
the Holders may have


 



    -17-


     


    

 


under the Mortgage Loan Documents, if any such action would constitute a “significant modification”
of the Mortgage Loan, within the meaning of Section 1.860G-2(b) of the regulations of the United States Department of the
Treasury, more than three (3) months after the startup day of the REMIC that includes any Note (or any portion thereof). Each Holder
agrees that the provisions of this paragraph shall be effected by compliance with any REMIC provisions in the Servicing Agreement
relating to the administration of the Mortgage Loan.


 


(h)          In
the event that one of the Notes is included in a REMIC, the other Holders shall not be required to reimburse such Holder or any
other Person for payment of any taxes imposed on such REMIC or Advances therefor or for any interest on such Advance or for deficits
in other items of disbursement or income resulting from the use of funds for payment of any such taxes, nor shall any disbursement
or payment otherwise distributable to the other Holders be reduced to offset or make-up any such payment or deficit.


 


3.            Priority
of Notes. Note A-1, Note A-2-1,
Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 and Note A-4 shall be of equal priority, and no portion of any of Note A-1,
Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4 shall have priority or preference over any portion of the
other Note or security therefor. Except for the Excluded Amounts, all amounts tendered by the Borrower or otherwise available for
payment on the Mortgage Loan, whether received in the form of Monthly Payments, a balloon payment, Liquidation Proceeds, proceeds
under any guaranty, letter of credit or other instrument serving as security on the Mortgage Loan, proceeds under title, hazard
or other insurance policies or awards or settlements in respect of condemnation proceedings or similar exercise of the power of
eminent domain shall be distributed by the Master Servicer and applied to Note A-1, Note A-2-1, Note A-2-2, Note A-3-1, Note
A-3-2, Note A-3-3 and Note A-4 on a Pro Rata and Pari Passu Basis.


 


The Servicing Agreement
may provide for the application of Penalty Charges paid in respect of the Mortgage Loan to be used to (i) pay the Master Servicer,
the Trustee or the Special Servicer for interest accrued on any Property Advances and reimbursement of Property Advances, (ii) to
pay the parties to any Securitization for interest accrued on any P&I Advance, (iii) to pay certain other expenses incurred
with respect to the Mortgage Loan and (iv) to pay to the Master Servicer and/or the Special Servicer as additional servicing
compensation, except that, for so long as Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4 is not included
in a Securitization, any Penalty Charges allocated to Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4, respectively,
that are not applied pursuant to clauses (i)-(iii) above shall be remitted to the respective Holder and shall not be paid to the
Master Servicer and/or the Special Servicer without the express consent of such Holder.


 


4.            Workout. Notwithstanding anything
to the contrary contained herein, but subject to the terms and conditions of the Servicing Agreement and Section 13
of this Agreement, and the obligation to act in accordance with the Servicing Standard, if the Lead Note Holder, or any Servicer,
in connection with a workout or proposed workout of the Mortgage Loan, modifies the terms thereof such that (i) the Mortgage
Loan Principal Balance is decreased, (ii) the Mortgage Interest Rate is reduced, (iii) payments of interest or principal
on Note A-1, Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4 are waived, reduced


 



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or deferred or (iv) any
other adjustment is made to any of the payment terms of the Mortgage Loan, such modification shall not alter, and any modification
of the Mortgage Loan Documents shall be structured to preserve the equal priorities of Note A-1, Note A-2-1, Note A-2-2, Note
A-3-1, Note A-3-2, Note A-3-3 and Note A-4 as described in Section 3.


 


5.            Accounts;
Payment Procedure. The Servicing Agreement
shall provide that the Master Servicer shall establish and maintain the Collection Account or Collection Accounts, as applicable.
Each of the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the
Note A-3-3 Holder, and the Note A-4 Holder hereby directs the Master Servicer, in accordance with the priorities set forth in Section 3
hereof, and subject to the terms of the Servicing Agreement, (i) to deposit into the applicable Collection Account within the time
period specified in the Servicing Agreement all payments received with respect to the Mortgage Loan and (ii) to remit from the
applicable Collection Account for deposit or credit on the applicable Master Servicer Remittance Date all payments received with
respect to and allocable to Note A-1, Note A-2, Note A-3-1, Note A-3-2, Note A-3-3, and Note A-4 by wire transfer to
accounts maintained by the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note
A-3-2 Holder, the Note A-3-3 Holder and the Note A-4 Holder, respectively; provided that delinquent payments received by the Master
Servicer after the related Master Servicer Remittance Date shall be remitted by the Master Servicer to such accounts within the
time period specified in the Servicing Agreement.


 


If any Servicer holding
or having distributed any amount received or collected in respect of Note A-1, Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2,
Note A-3-3 or Note A-4 determines, or a court of competent jurisdiction orders, at any time that any amount received or collected
in respect of Note A-1, Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4 must, pursuant to any insolvency,
bankruptcy, fraudulent conveyance, preference or similar law, be returned to the Borrower or paid to the Note A-1 Holder,
the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-3-3 Holder, the Note A-4
Holder or any Servicer or paid to any other Person, then, notwithstanding any other provision of this Agreement, no Servicer shall
be required to distribute any portion thereof to the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note
A-3-1 Holder, the Note A-3-2 Holder, the Note A-3-3 Holder, or the Note A-4 Holder, as applicable, and the Note A-1 Holder,
the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-3-3 Holder or the Note A-4
Holder, as applicable, shall promptly on demand repay to such Servicer the portion thereof which shall have been theretofore distributed
to the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note
A-3-3 Holder or the Note A-4 Holder, as applicable, together with interest thereon at such rate, if any, as such Servicer shall
have been required to pay to the Borrower, the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1
Holder, the Note A-3-2 Holder, the Note A-3-3 Holder, the Note A-4 Holder, or any Servicer or such other person or entity with
respect thereto. Each of the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note
A-3-2 Holder, the Note A-3-3 Holder and the Note A-4 Holder agrees that if at any time it shall receive from any sources whatsoever
any payment on account of the Mortgage Loan in excess of its distributable share thereof, it will promptly remit such excess to
the Master Servicer. The Master Servicer shall have the right to offset any amounts due hereunder from the Note A-1 Holder,
the


 



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Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-3-3 Holder or the Note A-4
Holder, as applicable, with respect to the Mortgage Loan against any future payments due to the Note A-1 Holder, the Note
A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-3-3 Holder, or the Note A-4 Holder,
as applicable, under the Mortgage Loan, provided, that the obligations of the Note A-1 Holder, the Note A-2-1 Holder,
the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the Note A-3-3 Holder and the Note A-4 Holder under this Section 5
are separate and distinct obligations from one another and in no event shall any Servicer enforce the obligations of any Holder
against any other Holder. The obligations of the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1
Holder, the Note A-3-2 Holder, the Note A-3-3 Holder and the Note A-4 Holder under this Section 5 constitute absolute,
unconditional and continuing obligations and each Servicer shall be deemed a third-party beneficiary of these provisions.


 


6.            Limitation
on Liability. Subject to the terms
of the Servicing Agreement, no Holder (including the Master Servicer or the Special Servicer on its behalf) shall have any liability
to any other Holder with respect to any Note, except (1) with respect to the Advance reimbursement provisions set forth in
Section 17 and (2) with respect to losses actually suffered due to the gross negligence, willful misconduct or
material breach of this Agreement on the part of such Holder (including the Master Servicer or the Special Servicer on its behalf,
and the Master Servicer’s or Special Servicer’s liability is further limited as set forth in the Servicing Agreement).


 


7.            Representations
of the Holders. (a)  Each of
the initial Holders hereby represents and warrants to, and covenants with each other Holder that, as of the date hereof:


 


(i)           It
is duly organized, validly existing and in good standing under the laws of the State under which it is organized.


 


(ii)          The
execution and delivery of this Agreement by such Holder, and performance of, and compliance with, the terms of this Agreement by
such Holder, will not violate its organizational documents or constitute a default (or an event which, with notice or lapse of
time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which
it is a party or that is applicable to it or any of its assets, in each case which materially and adversely affect its ability
to carry out the transactions contemplated by this Agreement.


 


(iii)         Such
Holder has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly
authorized the execution, delivery and performance of this Agreement and has duly executed and delivered this Agreement.


 


(iv)         This
Agreement is the legal, valid and binding obligation of such Holder enforceable against such Holder in accordance with its terms,
except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
the enforcement of creditors’ rights generally, and by general principles of


 



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equity (regardless of whether such enforceability
is considered in a proceeding in equity or at law), and except that the enforcement of rights with respect to indemnification and
contribution obligations may be limited by applicable law.


 


(v)          It
has the right to enter into this Agreement without the consent of any third party.


 


(vi)         It
is the holder of the respective Note for its own account in the ordinary course of its business.


 


(vii)        It
has not dealt with any broker, investment banker, agent or other person, that may be entitled to any commission or compensation
in connection with the consummation of any of the transactions contemplated hereby.


 


(viii)       It
is a Qualified Transferee.


 


8.            Independent
Analyses of each Holder. Each Holder acknowledges
that, except for the representations made in Section 7, it has, independently and without reliance upon any other Holders
and based on such documents and information as such Holder has deemed appropriate, made its own credit analysis and decision to
purchase its respective Note. Each Holder hereby acknowledges that the other Holders shall have no responsibility for (i) the
collectability of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents
or the title insurance policy or policies or any survey furnished or to be furnished in connection with the origination of the
Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan
Documents, or (iv) the financial condition of the Borrower. Each Holder assumes all risk of loss in connection with its respective
Note for reasons other than gross negligence, willful misconduct or breach of this Agreement by any other Holder or gross negligence,
willful misconduct or bad faith by any Servicer.


 


9.            No
Creation of a Partnership or Exclusive Purchase Right. Nothing contained in
this Agreement, and no action taken pursuant hereto, shall be deemed to constitute among any Holder (or the Master Servicer, Special
Servicer or Trustee on its behalf) and any other Holder a partnership, association, joint venture or other entity. Each Holder
(or the Master Servicer, Special Servicer or Trustee on its behalf) shall have no obligation whatsoever to offer to the other Holders
the opportunity to purchase notes or interests relating to any future loans originated by such Holder or any of its Affiliates,
and if any Holder chooses to offer to any of the other Holders, the opportunity to purchase notes or interests in any future mortgage
loans originated by such Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Holder
chooses, in its sole and absolute discretion. None of the Holders shall have any obligation whatsoever to purchase from any other
Holder any notes or interests in any future loans originated by any other Holder or any of its Affiliates.


 


10.          Not
a Security. None of Note A-1,
Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4 shall be deemed to be a security within the meaning of the
Securities Act of 1933 or the Securities Exchange Act of 1934.


 



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11.          Other
Business Activities of the Holders. Each Holder acknowledges
that the other Holders may make loans or otherwise extend credit to, and generally engage in any kind of business with, any Affiliate
of the Borrower, and receive payments on such other loans or extensions of credit to any Affiliate of the Borrower and otherwise
act with respect thereto freely and without accountability, but only if none of the foregoing violate the Mortgage Loan Documents,
in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.


 


12.          Transfer
of Notes. (a)  Each
Holder may Transfer up to 49% of its beneficial interest in its Note whether or not the related transferee is a Qualified Transferee
without a Rating Agency Confirmation. Each Holder shall not Transfer more than 49% of its beneficial interest in its Note unless
(i) prior to a Securitization of any Note, the other Holder has consented to such Transfer, in which case the related transferee
shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, (ii) after a
Securitization of any Note, a Rating Agency Confirmation has been received with respect to such Transfer, in which case the related
transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, or (iii) such
Transfer is to a Qualified Transferee. Any such transferee must assume in writing the obligations of the transferring Holder hereunder
and agree to be bound by the terms and provisions of this Agreement and the Servicing Agreement. Such proposed transferee (except
in the case of Transfers that are made in connection with a Securitization) shall also remake each of the representations and warranties
contained herein for the benefit of the other Holder. Notwithstanding the foregoing, without the non-transferring Holder’s
prior consent (which will not be unreasonably withheld), and, if such non-transferring Holder’s Note is in a Securitization,
without a Rating Agency Confirmation from each Rating Agency that has been engaged by the Depositor to rate the securities issued
in connection with such Securitization, no Holder shall Transfer all or any portion of its Note to the Borrower or an Affiliate
of the Borrower and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee.


 


(b)          Except
for a Transfer made in connection with a Securitization, or a Transfer made by an initial Holder to an Affiliate, at least five
(5) days prior to a transfer of any Note, the transferring Holder shall provide to the other Holders and, if any Certificates are
outstanding, to the Rating Agencies, a certification that such transfer will be made in accordance with this Section 12,
such certification to include (1) the name and contact information of the transferee and (2) if applicable, a certification
by the transferee that it is a Qualified Transferee.


 


(c)          The
Holders acknowledge that any Rating Agency Confirmation may be granted or denied by the Rating Agencies in their sole and absolute
discretion and that such Rating Agencies may charge the transferring Holder customary fees in connection with providing such Rating
Agency Confirmation.


 


(d)          Notwithstanding
anything to the contrary contained herein, each Holder may pledge or transfer (a “Pledge”) its Note to any entity
(other than the Borrower or any Affiliate of the Borrower) that has extended a credit facility to such Holder or has entered into
a repurchase agreement with such Holder and that, in each case, is either a Qualified Transferee or a financial institution whose
long-term unsecured debt is rated at least “A” (or the equivalent) or better by each Rating Agency (a “Note
Pledgee”), or to a Person with respect to which a Rating


 



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Agency Confirmation has been obtained, on terms and conditions
set forth in this Section 12(d), it being further agreed that a financing provided by a Note Pledgee to any Holder
or any Affiliate that controls such Holder that is secured by such Holder’s interest in its respective Note and is structured
as a repurchase arrangement, shall qualify as a “Pledge” hereunder on the condition that all applicable terms and conditions
of this Section 12 are complied with. A Note Pledgee that is not a Qualified Transferee may not take title to a Note
without a Rating Agency Confirmation. Upon written notice, if any, by the pledging Holder to the other Holders and the Servicer
that a Pledge has been effected (including the name and address of the applicable Note Pledgee), the other Holders agree to acknowledge
receipt of such notice and thereafter agree: (i) to give such Note Pledgee written notice of any default by the pledging Holder
in respect of its obligations under this Agreement of which default such Holder has actual knowledge and which notice shall be
given simultaneously with the giving of such notice to the pledging Holder; (ii) to allow such Note Pledgee a period of ten
(10) Business Days to cure a default by the pledging Holder in respect of its obligations to the other Holders hereunder, but such
Note Pledgee shall not be obligated to cure any such default; (iii) that no amendment, modification, waiver or termination
of this Agreement or the Servicing Agreement (if the pledging Holder had the right to consent to such amendment, modification,
waiver or termination pursuant to the terms hereof) shall be effective against such Note Pledgee without the written consent of
such Note Pledgee, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall be deemed to
be given if Note Pledgee shall fail to respond to any request for consent to any such amendment, modification, waiver or termination
within 10 days after request therefor; (iv) that the other Holders shall accept any cure by such Note Pledgee of any default
of the pledging Holder which such pledging Holder has the right to effect hereunder, as if such cure were made by such pledging
Holder; (v) that the other Holders or Servicer shall deliver to Note Pledgee such estoppel certificate(s) as Note Pledgee
shall reasonably request, provided that any such certificate(s) shall be in a form reasonably satisfactory to the other
Holders; and (vi) that, upon written notice (a “Redirection Notice”) to the Servicer by such Note Pledgee
that the pledging Holder is in default beyond any applicable cure periods with respect to the pledging Holder’s obligations
to such Note Pledgee pursuant to the applicable credit agreement or other agreements relating to the Pledge between the pledging
Holder and such Note Pledgee (which notice need not be joined in or confirmed by the pledging Holder), and until such Redirection
Notice is withdrawn or rescinded by such Note Pledgee, Note Pledgee (or at any time that pledging Holder otherwise directs that
such payment be made to Note Pledgee pursuant to a separate notice) shall be entitled to receive any payments that any Servicer
would otherwise be obligated to make to the pledging Holder from time to time pursuant to this Agreement or any Servicing Agreement.
Any pledging Holder hereby unconditionally and absolutely releases the other Holders and any Servicer from any liability to the
pledging Holder on account of any Holder’s or Servicer’s compliance with any Redirection Notice believed by any Servicer
or other Holders in good faith to have been delivered by a Note Pledgee. Note Pledgee shall be permitted to exercise fully its
rights and remedies against the pledging Holder (and accept an assignment in lieu of foreclosure as to such collateral), in accordance
with applicable law, the pledge agreement, repurchase agreement or similar agreement between the pledging Holder and the Note Pledgee
and this Agreement. In such event, or if the pledging holder otherwise assigns its interests to the Note Pledgee, the other Holders
and the Servicer shall recognize such Note Pledgee (and any transferee (other than the Borrower or any Affiliate of the Borrower)
that is also a Qualified Transferee at any foreclosure or similar sale held by such Note Pledgee or any


 



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transfer in lieu of foreclosure),
and such Person’s successor and assigns, as the successor to the pledging Holder’s rights, remedies and obligations
under this Agreement, and any such Note Pledgee or Qualified Transferee shall assume in writing the obligations of the pledging
Holder hereunder accruing from and after such Transfer (i.e., realization upon the collateral by such Note Pledgee) and
agrees to be bound by the terms and provisions of this Agreement. The rights of a Note Pledgee under this Section 12(d)
shall remain effective as to any Holder (and any Servicer) unless and until such Note Pledgee shall have notified such Holder (and
any Servicer, as applicable) in writing that its interest in the pledged Note has terminated.


 


13.          Exercise
of Remedies by the Servicer. (a)  Subject
to the terms of this Agreement and the Servicing Agreement and subject to the rights and consents, where required, of the Directing
Holder, the Servicer shall have the sole and exclusive authority with respect to the administration of, and exercise of rights
and remedies with respect to, the Mortgage Loan, including, without limitation, the sole and exclusive authority to (i) modify
or waive any of the terms of the Mortgage Loan Documents, (ii) consent to any action or failure to act by the Borrower or
any party to the Mortgage Loan Documents, (iii) vote all claims with respect to the Mortgage Loan in any bankruptcy, insolvency
or other similar proceedings and (iv) to take legal action to enforce or protect the Holders’ interests with respect
to the Mortgage Loan or to refrain from exercising any powers or rights under the Mortgage Loan Documents, including the right
at any time to call or waive any Events of Default, or accelerate or refrain from accelerating the Mortgage Loan or institute any
foreclosure action, and the Holders shall have no voting, consent or other rights whatsoever with respect to the Servicer’s
administration of, or exercise of its rights and remedies with respect to, the Mortgage Loan other than as provided in the Servicing
Agreement. Subject to the terms and conditions of the Servicing Agreement, the Servicer shall have the sole and exclusive authority
to make Property Advances with respect to the Mortgage Loan. Except as otherwise provided in this Agreement, each Holder agrees
that it shall have no right to, and hereby presently and irrevocably assigns and conveys to the Servicer the rights, if any, that
such Holder has to (A) call or cause the Servicer to call an Event of Default under the Mortgage Loan, or (B) exercise
any remedies with respect to the Mortgage Loan or the Borrower, including, without limitation, filing or causing the Lead Note
Holder or such Servicer to file any bankruptcy petition against the Borrower. Each Holder shall, from time to time, execute such
documents as any Servicer shall reasonably require to evidence such assignment with respect to the rights described in clause (iii)
of the first sentence in this Section 13(a).


 


(b)          The
Lead Servicer and the related Trustee shall not have any fiduciary duty to the Non-Lead Note Holders in connection with the administration
of the Mortgage Loan (but the foregoing shall not relieve the Lead Servicer and the related Trustee from their respective obligation
under the Servicing Agreement to make any disbursement of funds as set forth herein).


 


(c)          The
Holders hereby acknowledge that the Servicing Agreement shall provide that, subject to the satisfaction of the conditions set forth
in the next sentence, upon the Mortgage Loan becoming a Defaulted Mortgage Loan, if the Special Servicer determines to sell the
Defaulted Mortgage Loan (or the Lead Note), it will be required to sell the entire Defaulted Mortgage Loan as a single whole loan
(i.e., both the Lead Note and Non-Lead Notes). Any such


 



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sale of the entire Defaulted Mortgage Loan is subject to the satisfaction
of the following two conditions:


 


(i)           Each
Non-Lead Note Holder has provided written consent to such sale; or


 


(ii)          The
Special Servicer has delivered the following notices and information to each Non-Lead Note Holder:


 


(1)        at
least 15 Business Days prior written notice of any decision to attempt to sell the Defaulted Mortgage Loan;


 


(2)        at
least 10 days prior to the proposed sale date, a copy of each bid package (together with any amendments to such bid packages) received
by the Special Servicer in connection with any such proposed sale;


 


(3)        at
least 10 days prior to the proposed sale date, a copy of the most recent Appraisal for the Mortgage Loan, and any documents in
the Servicing File requested by a Non-Lead Note Holder; and


 


(4)        until
the sale is completed and a reasonable period of time (but no less time than is afforded to other offerors and the Directing Holder)
prior to the proposed sale date, all information and other documents being provided to other offerors and all leases or other documents
that are approved by the Master Servicer or the Special Servicer in connection with the proposed sale.


 


Any Non-Lead Note Holder
may waive any delivery or timing requirements set forth above only for itself. Subject to the foregoing, each of the Lead Note
Holder, the Directing Holder, the Non-Lead Note Holders and the Non-Directing Holders shall be permitted to bid at any sale of
the Defaulted Mortgage Loan (unless such Person is the Borrower or an agent or Affiliate of the Borrower).


 


The Non-Lead Note Holders
hereby appoint the Lead Note Holder as their agent, and grant to the Lead Note Holder an irrevocable power of attorney coupled
with an interest, and its proxy, for the purpose of soliciting and accepting offers for and consummating the sale of the Non-Lead
Notes. Each Non-Lead Note Holder further agrees that, upon the request of the Lead Note Holder, such Non-Lead Note Holder shall
execute and deliver to or at the direction of Lead Note Holder such powers of attorney or other instruments as the Lead Note Holder
may reasonably request to better assure and evidence the foregoing appointment and grant, in each case promptly following request,
and shall deliver the related original Non-Lead Note, endorsed in blank, to or at the direction of the Lead Note Holder in connection
with the consummation of any such sale.


 


(d)          Notwithstanding
anything to the contrary contained herein, the exercise by the Servicer on behalf of the Holders of its rights under this Section 13
shall be subject in all respects to any section of the Servicing Agreement governing REMIC administration, and in no event shall
the Servicer be permitted to take any action or refrain from taking any action if taking


 



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or failing to take such action, as the
case may be, would violate the laws of any applicable jurisdiction, breach the Mortgage Loan Documents or be inconsistent with
the Servicing Standard or violate any other provisions of the Servicing Agreement or violate the REMIC provisions of the Code or
any regulations promulgated thereunder, including, without limitation, the provisions of Section 2(h) of this Agreement.


 


14.          Rights
of the Directing Holder. The Directing Holder
shall be entitled to exercise the rights and powers granted to the Directing Holder hereunder and the rights and powers granted
to the “Directing Holder,” “Controlling Class Certificateholder,” “Controlling Class Representative”
or similar party under, and as defined in, the Servicing Agreement with respect to the Mortgage Loan. In addition, the Directing
Holder shall be entitled to advise (1) the Special Servicer with respect to all matters related to a Specially Serviced Mortgage
Loan and (2) the Special Servicer with respect to all matters for which the Master Servicer must obtain the consent or deemed
consent of the Special Servicer, and, except as set forth below (i) the Master Servicer shall not be permitted to take any
Major Action unless it has obtained the prior written consent of the Special Servicer and (ii) the Special Servicer shall
not be permitted to consent to the Master Servicer’s taking any Major Action nor will the Special Servicer itself be permitted
to take any Major Action as to which the Directing Holder has objected in writing within ten (10) Business Days (or 30 days with
respect to an Acceptable Insurance Default) after receipt of the written recommendation and analysis and such additional information
requested by the Directing Holder as may be necessary in the reasonable judgment of the Directing Holder in order to make a judgment
with respect to such Major Action. The Directing Holder may also direct the Special Servicer to take, or to refrain from taking,
such other actions with respect to the Mortgage Loan as the Directing Holder may deem advisable.


 


If the Directing Holder
fails to notify the Special Servicer of its approval or disapproval of any proposed Major Action within ten (10) Business Days
(or 30 days with respect to an Acceptable Insurance Default) after delivery to the Directing Holder by the applicable Servicer
of written notice of a proposed Major Action together with any information requested by the Directing Holder as may be necessary
in the reasonable judgment of the Directing Holder in order to make a judgment, then upon the expiration of such ten (10) Business
Day (or 30 days with respect to an Acceptable Insurance Default) period, such Major Action shall be deemed to have been approved
by the Directing Holder.


 


In the event that the
Special Servicer or Master Servicer (in the event the Master Servicer is otherwise authorized by the Servicing Agreement to take
such action), as applicable, determines that immediate action, with respect to the foregoing matters, or any other matter requiring
consent of the Directing Holder is necessary to protect the interests of the Holders (as a collective whole) and the Special Servicer
has made a reasonable effort to contact the Directing Holder, the Master Servicer or the Special Servicer, as the case may be,
may take any such action without waiting for the Directing Holder’s response.


 


No objection, direction
or advice contemplated by the preceding paragraphs may require or cause the Master Servicer or the Special Servicer, as applicable,
to violate any provision of the Mortgage Loan Documents, applicable law, the Servicing Agreement, this Agreement, the REMIC provisions
of the Code or the Master Servicer or Special Servicer’s obligation to act in accordance with the Servicing Standard or expose
the Master Servicer or the


 



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Special Servicer to liability, or materially expand the scope of the Master Servicer’s or Special
Servicer’s responsibilities under the Servicing Agreement.


 


The Directing Holder
shall have no liability to the other Holders or any other Person for any action taken, or for refraining from the taking of any
action or the giving of any consent or the failure to give any consent pursuant to this Agreement or the Servicing Agreement, or
errors in judgment, absent any loss, liability or expense incurred by reason of its willful misfeasance, bad faith or gross negligence.
The Holders agree that the Directing Holder may take or refrain from taking actions, or give or refrain from giving consents, that
favor the interests of one Holder over the other Holder, and that the Directing Holder may have special relationships and interests
that conflict with the interests of another Holder and, absent willful misfeasance, bad faith or gross negligence on the part of
the Directing Holder agree to take no action against the Directing Holder or any of its officers, directors, employees, principals
or agents as a result of such special relationships or interests, and that the Directing Holder will not be deemed to have been
grossly negligent or reckless, or to have acted in bad faith or engaged in willful misfeasance or to have recklessly disregarded
any exercise of its rights by reason of its having acted or refrained from acting, or having given any consent or having failed
to give any consent, solely in the interests of any Holder.


 


15.          Appointment
of Special Servicer. Subject to the terms
of the Servicing Agreement, the Directing Holder shall have the right at any time and from time to time, with or without cause,
to replace the Special Servicer then acting with respect to the Mortgage Loan and appoint a Qualified Servicer as the replacement
Special Servicer in lieu thereof. The Directing Holder shall designate a Person to serve as Special Servicer by delivering to the
other Holders and the parties to the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3 PSA and the Note A-4
PSA a written notice stating such designation and by satisfying the other conditions required under the Servicing Agreement (including,
without limitation, a Rating Agency Confirmation, if required by the terms of the Servicing Agreement), if any.


 


16.          Rights
of the Non-Directing Holders. (a)  The Note
A-1 PSA shall provide that the Servicer shall be required:


 


(i)           to
provide the same notices, information and reports that it is required to provide to the Directing Holder pursuant to the Servicing
Agreement with respect to any Major Actions or the implementation of any recommended actions outlined in an Asset Status Report
relating to the Mortgage Loan to the Non-Directing Holders (but without regard to whether or not the Directing Holder actually
has lost any rights to receive such information as a result of a Consultation Termination Event), within the same time frame as
specified with respect to the Directing Holder (but without regard to whether or not the Directing Holder actually has lost any
rights to receive such information as a result of a Consultation Termination Event), provided, however, that if Note
A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 or Note A-4 has been included in a Securitization transaction, then for any
information for which the Special Servicer would be required to provide to such Non-Directing Holder, the Special Servicer shall
provide such notice to the master servicer of the other Securitization transaction, who shall forward such notice as and when required
under the terms of the related Securitization documents; and


 



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(ii)          to
consult with each Non-Directing Holder on a strictly non-binding basis, if, having received such notices, information and reports,
such Non-Directing Holder requests consultation with respect to any such Major Action or the implementation of any recommended
actions outlined in an Asset Status Report relating to the Mortgage Loan, and consider alternative actions recommended by such
Non-Directing Holder; provided that after the expiration of a period of ten (10) Business Days from the delivery to each
Non-Directing Holder of written notice of a proposed action, together with copies of the notice, information and report required
to be provided to the Directing Holder, the Servicer shall no longer be obligated to consult with the Non-Directing Holders, whether
or not the Non-Directing Holders have responded within such ten (10) Business Day period (unless the Servicer proposes a new course
of action that is materially different from the action previously proposed, in which case such ten (10) Business Day period shall
be begin anew from the date of such proposal and delivery of all information relating thereto).


 


(b)         Notwithstanding
the foregoing non-binding consultation rights of the Non-Directing Holders, the Servicer may take any Major Action or any action
set forth in the Asset Status Report before the expiration of the aforementioned ten (10) Business Day period if the Servicer determines
that immediate action with respect thereto is necessary to protect the interests of the Holders.


 


(c)          In
addition to the foregoing non-binding consultation rights, the Non-Directing Holders shall have the right to annual conference
calls with the Master Servicer or the Special Servicer upon reasonable notice and at times reasonably acceptable to the Master
Servicer or the Special Servicer, as applicable, in which servicing issues related to the Mortgage Loan are discussed.


 


(d)          In
no event shall the Servicer be obligated at any time to follow or take any alternative actions recommended by any of the Non-Directing
Holders.


 


(e)          Any
Non-Directing Holder that is the Borrower or an Affiliate of the Borrower shall not be entitled to any of the rights set forth
in this Section 16.


 


17.          Advances;
Reimbursement of Advances. (a)  From time
to time, (i) pursuant to terms of the Servicing Agreement, the Lead Servicer and/or the related Trustee may be obligated to
make (1) Property Advances with respect to the Mortgage Loan or the Mortgaged Property and (2) P&I Advances with
respect to the Lead Note and (ii) pursuant to the terms of a Non-Lead Servicing Agreement, the related Non-Lead Master Servicer
and/or the related Trustee may be obligated to make P&I Advances with respect to a Non-Lead Note. The Lead Servicer and/or
the related Trustee will not be required to make any P&I Advance with respect to any Non-Lead Note and the related Non-Lead
Master Servicer and/or the related Trustee will not be required to make any P&I Advance with respect to any Lead Note, any
other Non-Lead Note or any Property Advance. The Lead Servicer, each Non-Lead Master Servicer and any Trustee will be entitled
to interest on any Advance made in the manner and from the sources provided in the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA,
the Note A-3-1 PSA, the Note A-3-2 PSA, the Note A-3-3 PSA and the Note A-4 PSA, as applicable.


 



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(b)          The
Lead Servicer and the related Trustee, as applicable, will be entitled to reimbursement for a Property Advance, first from
the Collection Account established with respect to the Mortgage Loan, and then, if such Property Advance is a Nonrecoverable
Advance, if such funds on deposit in the Collection Account are insufficient, from general collections of the Lead Securitization
as provided in the Servicing Agreement.


 


(c)          To
the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient to reimburse the Lead
Servicer for any Property Advance and/or interest thereon and the Lead Servicer or the related Trustee, as applicable, obtains
funds from general collections of the Lead Securitization as a reimbursement for a Property Advance or interest thereon, each Non-Lead
Note Holder (including any Securitization into which any Non-Lead Note is deposited) shall be required to, promptly following notice
from the Lead Servicer, pay to the Lead Securitization for its pro rata share of such Property Advance and/or interest thereon
at the Reimbursement Rate. In addition, each Non-Lead Note Holder (including any Securitization into which any Non-Lead Note is
deposited) shall promptly reimburse the Lead Servicer or the related Trustee for such Non-Lead Note Holder’s pro rata
share of any fees, costs or expenses incurred in connection with the servicing and administration of the Mortgage Loan as to which
the Lead Securitization or any of the parties thereto are entitled to be reimbursed pursuant to the terms of the Servicing Agreement
(to the extent amounts on deposit in the Collection Account with respect to the Mortgage Loan are insufficient for reimbursement
of such amounts).


 


(d)          The
parties to each of the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA, the Note A-3-1 PSA, Note A-3-2 PSA, Note A-3-3
PSA and the Note A-4 PSA shall each be entitled to make their own recoverability determination with respect to a P&I Advance
based on the information that they have on hand and in accordance with the Note A-1 PSA, the Note A-2-1 PSA, the Note A-2-2 PSA,
the Note A-3-1 PSA, the Note A-3-2 PSA, the Note A-3-3 PSA and the Note A-4 PSA, as applicable.


 


(e)           If
the Lead Servicer or the related Trustee elects to defer the reimbursement of a Property Advance in accordance with the terms of
the Servicing Agreement, the Lead Servicer or the related Trustee shall also defer its reimbursement of each Non-Lead Note share
from the Non-Lead Note Holders.


 


18.          Provisions
Relating to Securitization. (a) For so long as GACC
or an Affiliate of GACC (the “Initial Note A-2-2 Holder”) is the owner of Note A-2-2, the Initial Note A-2-2
Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended and
restated notes or additional notes (in either case “New A-2-2 Notes”) reallocating the principal of Note A-2-2
among other New A-2-2 Notes; reducing the Interest Rates of such New A-2-2 Notes or severing the Note A-2-2 into one or more
further “component” notes in the aggregate principal amount equal to the then outstanding principal balance of Note A-2-2,
provided that (i) the aggregate principal balance of the New A-2-2 Notes following such amendments is no greater than
the principal balance of Note A-2-2 prior to such amendments, (ii) all New A-2-2 Notes continue to have the same or a
lower interest rate as the Note A-2-2 prior to such amendments, (iii) all New A-2-2 Notes pay pro rata and on
a pari passu basis and such reallocated or component notes shall be automatically subject to the terms of this Agreement
and (iv) the Initial Note A-2-2 Holder holding the New A-2-2 Notes


 



    -29-


     


    

 


shall notify the parties to the Note A-1 PSA and the
Note A-2-2 PSA in writing of such modified allocations and principal amounts. In connection with the foregoing, (1) the Master
Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan
Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting such reallocation of
principal, reduction of Interest Rates or such severing of Note A-2-2, (2) if Note A-2-2 is severed into “component”
notes, such component notes shall each have their same rights as the respective original Note and (3) the definition of the term
“Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect
the New A-2-2 Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this paragraph 18(a).


 


(b)          For
so long as GACC or an Affiliate of GACC (the “Initial Note A-3-1 Holder”) is the owner of Note A-3-1,
the Initial Note A-3-1 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower
to execute amended and restated notes or additional notes (in either case “New A-3-1 Notes”) reallocating the
principal of Note A-3-1 among other New A-3-1 Notes; reducing the Interest Rates of such New A-3-1 Notes or severing the Note A-3-1
into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal
balance of Note A-3-1, provided that (i) the aggregate principal balance of the New A-3-1 Notes following such
amendments is no greater than the principal balance of Note A-3-1 prior to such amendments, (ii) all New A-3-1 Notes
continue to have the same or a lower interest rate as the Note A-3 prior to such amendments, (iii) all New A-3-1 Notes
pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically subject to
the terms of this Agreement and (iv) the Initial Note A-3-1 Holder holding the New A-3-1 Notes shall notify the parties
to the Note A-1 PSA and the Note A-3-1 PSA in writing of such modified allocations and principal amounts. In connection with the
foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend
and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting
such reallocation of principal, reduction of Interest Rates or such severing of Note A-3-1, (2) if Note A-3-1 is severed into “component”
notes, such component notes shall each have their same rights as the respective original Note and (3) the definition of the term
“Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect
the New A-3-1 Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this paragraph 18(a).


 


(c)          For
so long as GACC or an Affiliate of GACC (the “Initial Note A-3-2 Holder”) is the owner of Note A-3-2, the Initial
Note A-3-2 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower to execute amended
and restated notes or additional notes (in either case “New A-3-2 Notes”) reallocating the principal of Note
A-3-2 among other New A-3-2 Notes; reducing the Interest Rates of such New A-3-2 Notes or severing the Note A-3-2 into one
or more further “component” notes in the aggregate principal amount equal to the then outstanding principal balance
of Note A-3-2, provided that (i) the aggregate principal balance of the New A-3-2 Notes following such amendments
is no greater than the principal balance of Note A-3-2 prior to such amendments, (ii) all New A-3-2 Notes continue to
have the same or a lower interest rate as the Note A-3 prior to such amendments, (iii) all New A-3-2 Notes pay pro
rata and on a pari passu basis and such


 



    -30-


     


    

 


reallocated or component notes shall be automatically subject to the terms of
this Agreement and (iv) the Initial Note A-3-2 Holder holding the New A-3-2 Notes shall notify the parties to the Note
A-1 PSA and the Note A-3-2 PSA in writing of such modified allocations and principal amounts. In connection with the foregoing,
(1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate
the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting such reallocation
of principal, reduction of Interest Rates or such severing of Note A-3-2, (2) if Note A-3-2 is severed into “component”
notes, such component notes shall each have their same rights as the respective original Note and (3) the definition of the term
“Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect
the New A-3-2 Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this paragraph 18(a).


 


(d)          For
so long as GACC or an Affiliate of GACC (the “Initial Note A-3-3 Holder”) is the owner of Note A-3-3,
the Initial Note A-3-3 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower
to execute amended and restated notes or additional notes (in either case “New A-3-3 Notes”) reallocating the
principal of Note A-3-3 among other New A-3-3 Notes; reducing the Interest Rates of such New A-3-3 Notes or severing the Note A-3-3
into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal
balance of Note A-3-3, provided that (i) the aggregate principal balance of the New A-3-3 Notes following such
amendments is no greater than the principal balance of Note A-3-3 prior to such amendments, (ii) all New A-3-3 Notes
continue to have the same or a lower interest rate as the Note A-3 prior to such amendments, (iii) all New A-3-3 Notes
pay pro rata and on a pari passu basis and such reallocated or component notes shall be automatically subject to
the terms of this Agreement and (iv) the Initial Note A-3-3 Holder holding the New A-3-3 Notes shall notify the parties
to the Note A-1 PSA and the Note A-3-3 PSA in writing of such modified allocations and principal amounts. In connection with the
foregoing, (1) the Master Servicer is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend
and restate the Loan Agreement and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting
such reallocation of principal, reduction of Interest Rates or such severing of Note A-3-3, (2) if Note A-3-3 is severed into “component”
notes, such component notes shall each have their same rights as the respective original Note and (3) the definition of the term
“Securitization” and all of the related defined terms may be amended (and new terms added, as necessary) to reflect
the New A-3-3 Notes. Rating Agency Confirmation shall not be required for any amendments to this Agreement required to facilitate
the terms of this paragraph 18(a)(d).


 


(e)       For
so long as GACC or an Affiliate of GACC (the “Initial Note A-4 Holder”) is the owner of Note A-4,
the Initial Note A-4 Holder shall have the right, subject to the terms of the Mortgage Loan Documents, to cause the Borrower
to execute amended and restated notes or additional notes (in either case “New A-4 Notes”) reallocating the
principal of Note A-4 among other New A-4 Notes; reducing the Interest Rates of such New A-4 Notes or severing the Note A-4
into one or more further “component” notes in the aggregate principal amount equal to the then outstanding principal
balance of Note A-4, provided that (i) the aggregate principal balance of the New A-4 Notes following such amendments
is no greater than the principal balance of Note A-4 prior to such amendments, (ii) all New A-4 Notes continue to have
the same or a lower interest rate as the Note A-4 prior to such amendments, (iii) all New A-4 Notes pay


 



    -31-


     


    

 


pro rata
and on a pari passu basis and such reallocated or component notes shall be automatically subject to the terms of this Agreement
and (iv) the Initial Note A-4 Holder holding the New A-4 Notes shall notify the parties to the Note A-1 PSA and the Note
A-4 PSA in writing of such modified allocations and principal amounts. In connection with the foregoing, (1) the Master Servicer
is hereby authorized to execute amendments to the Loan Agreement and this Agreement (or to amend and restate the Loan Agreement
and this Agreement) on behalf of any or all of the Holders solely for the purpose of reflecting such reallocation of principal,
reduction of Interest Rates or such severing of Note A-4, (2) if Note A-4 is severed into “component” notes, such component
notes shall each have their same rights as the respective original Note and (3) the definition of the term “Securitization”
and all of the related defined terms may be amended (and new terms added, as necessary) to reflect the New A-4 Notes. Rating Agency
Confirmation shall not be required for any amendments to this Agreement required to facilitate the terms of this paragraph 18(b).


 


(f)           Each
Non-Lead Servicing Agreement shall provide that:


 


(i)           the
applicable master servicer or trustee for such Securitization shall be required to notify the master servicer, special servicer
and trustee of each other Securitization of the amount of any P&I Advance it has made with respect to the Note included in
such Securitization within two Business Days of making such advance;


 


(ii)          if
the applicable master servicer, special servicer or trustee determines that a proposed P&I Advance, if made, or any outstanding
P&I Advance previously made, would be, or is, as applicable, a nonrecoverable advance, the master servicer shall provide the
other servicers written notice of such determination within 2 Business Days after such determination was made;


 


(iii)         in
the event such Non-Lead Note Holder is responsible for its proportionate share of any Nonrecoverable Advances (or any other portion
of a Nonrecoverable Advance) (and advance interest thereon) or other fee or expense pursuant to Section 17, and that in
the event that the funds received with respect to such Non-Lead Note are insufficient to cover such amounts, (x) the related master
servicer will be required to pay the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable,
out of general funds in the collection account (or equivalent account) established under the related Non-Lead Servicing Agreement
and (y) if the Lead Servicing Agreement permits the Master Servicer, Special Servicer or Trustee under the Servicing Agreement
to pay itself from the Lead Securitization Trust’s general account then the master servicer under the related Non-Lead Servicing
Agreement will be required to reimburse the Lead Securitization Trust Fund out of general funds in the collection account (or equivalent
account) established under the related Non-Lead Servicing Agreement;


 


(iv)         each
of the Master Servicer and the Special Servicer shall be indemnified (as and to the same extent the Lead Securitization Trust is
required to indemnify each such party) against any claims, losses, penalties, fines, forfeitures, legal fees and related costs,
judgments and any other costs, liabilities, fees and expenses, incurred in connection with the any PSA that relate solely to its
servicing of the Mortgage Loan, as applicable,


 



    -32-


     


    

 


and the master servicer under the related Non-Lead Servicing Agreement will be required
to reimburse the Master Servicer, Special Servicer or Trustee under the Servicing Agreement, as applicable, out of general funds
in the collection account (or equivalent account) established under the related Non-Lead Servicing Agreement;


 


(v)          each
of trustee and the master servicer under the Non-Lead Servicing Agreement, as applicable, shall acknowledge that, (i) each of the
Master Servicer and the Trustee under the Servicing Agreement will be a third party beneficiary under the Non-Lead Servicing Agreement
with respect to any provisions therein relating to (1) the reimbursement of any nonrecoverable advances made with respect to such
Non-Lead Note by the Master Servicer or the Trustee under the Servicing Agreement and (2) as to the Master Servicer only, the indemnification
of the Master Servicer against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any
other costs, liabilities, fees and expenses, incurred in connection with any PSA and relating to such Non-Lead Note and (ii) the
Special Servicer will be a third party beneficiary under the related Non-Lead Servicing Agreement with respect to any provisions
therein relating to (1) the reimbursement of any nonrecoverable advances made with respect to such Non-Lead Note by the Special
Servicer (it being understood that the Special Servicer is not required to make any Advances) and (2) the indemnification of the
Special Servicer against any claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other
costs, liabilities, fees and expenses, incurred in connection with any PSA and relating to such Non-Lead Note; and


 


(vi)         the
Master Servicer and the Special Servicer shall be third party beneficiaries of the foregoing provisions.


 


(b)          The
Note A-2-2 Holder shall give each of the parties to the Note A-1 PSA (that will not also be a party to the Note A-2-2 PSA)
notice of the Note A-2-2 Securitization in writing (which may be by e-mail) not less than 5 business days’ prior to
the Note A-2-2 Securitization Date. Such notice shall contain contact information for each of the parties to the Note A-2-2
PSA and the identity of the Controlling Class Representative under such Note A-2-2 PSA. In addition, after the Note A-2-2
Securitization Date, the Note A-2-2 Holder shall send a copy of the Note A-2-2 PSA to each of the parties to the Note
A-1 PSA.


 


(c)          The
Note A-3-1 Holder shall give each of the parties to the Note A-1 PSA (that will not also be a party to the Note A-3-1 PSA) notice
of the Note A-3-1 Securitization in writing (which may be by e-mail) not less than 5 business days’ prior to the Note A-3-1
Securitization Date. Such notice shall contain contact information for each of the parties to the Note A-3-1 PSA and the identity
of the Controlling Class Representative under such Note A-3-1 PSA. In addition, after the Note A-3-1 Securitization Date, the Note
A-3-1 Holder shall send a copy of the Note A-3-1 PSA to each of the parties to the Note A-1 PSA.


 


(d)          The
Note A-3-2 Holder shall give each of the parties to the Note A-1 PSA (that will not also be a party to the Note A-3-2 PSA) notice
of the Note A-3-2 Securitization in writing (which may be by e-mail) not less than 5 business days’ prior to the Note A-3-2
Securitization Date. Such notice shall contain contact information for each of the parties to the Note A-3-2 PSA and the identity
of the Controlling Class Representative under such Note A-3-2


 



    -33-


     


    

 


PSA. In addition, after the Note A-3-2 Securitization Date, the Note
A-3-2 Holder shall send a copy of the Note A-3-2 PSA to each of the parties to the Note A-1 PSA.


 


(e)           The
Note A-3-3 Holder shall give each of the parties to the Note A-1 PSA (that will not also be a party to the Note A-3-3 PSA) notice
of the Note A-3-3 Securitization in writing (which may be by e-mail) not less than 5 business days’ prior to the Note A-3-3
Securitization Date. Such notice shall contain contact information for each of the parties to the Note A-3-3 PSA and the identity
of the Controlling Class Representative under such Note A-3-3 PSA. In addition, after the Note A-3-3 Securitization Date, the Note
A-3-3 Holder shall send a copy of the Note A-3-3 PSA to each of the parties to the Note A-1 PSA.


 


(f)           The
Note A-4 Holder shall give each of the parties to the Note A-1 PSA (that will not also be a party to the Note A-4 PSA)
notice of the Note A-4 Securitization in writing (which may be by e-mail) not less than 5 business days’ prior to the
Note A-4 Securitization Date. Such notice shall contain contact information for each of the parties to the Note A-4 PSA
and the identity of the Controlling Class Representative under such Note A-4 PSA. In addition, after the Note A-4 Securitization
Date, the Note A-4 Holder shall send a copy of the Note A-4 PSA to each of the parties to the Note A-1 PSA.


 


19.          Governing
Law; Waiver of Jury Trial. THIS AGREEMENT AND ANY
CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR
THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF.
EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT
OF OR RELATING TO THIS AGREEMENT.


 


20.          Modifications. This Agreement shall
not be modified, cancelled or terminated except by an instrument in writing signed by the parties hereto. Additionally, from and
after a Securitization, except to cure any ambiguity or to correct any error or as set forth in Section 18(a), this Agreement may
not be modified unless a Rating Agency Confirmation has been delivered with respect to each Securitization.


 


21.          Successors
and Assigns; Third Party Beneficiaries. This Agreement shall
inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. Each of the Master
Servicer, Non-Lead Master Servicer and related Trustee is an intended third-party beneficiary of this Agreement. Except as provided
in Section 5 and the preceding sentence, none of the provisions of this Agreement shall be for the benefit of or enforceable
by any Person not a party hereto.


 


22.          Counterparts. This Agreement may be
executed in any number of counterparts and all of such counterparts shall together constitute one and the same instrument. Delivery
of an executed counterpart of a signature page of this Agreement in Portable Document


 



    -34-


     


    

 


Format (PDF) or by facsimile transmission
shall be as effective as delivery of a manually executed original counterpart of this Agreement


 


23.          Captions. The titles and headings
of the paragraphs of this Agreement have been inserted for convenience of reference only and are not intended to summarize or otherwise
describe the subject matter of the paragraphs and shall not be given any consideration in the construction of this Agreement.


 


24.          Notices. All notices required
hereunder shall be given by (i) telephone (confirmed in writing) or shall be in writing and personally delivered, (ii) sent
by facsimile transmission if the sender on the same day sends a confirming copy of such notice by reputable overnight delivery
service (charges prepaid), (iii) reputable overnight delivery service (charges prepaid) or (iv) certified United States
mail, postage prepaid return receipt requested, and addressed to the respective parties at their addresses set forth on Exhibit B
hereto, or at such other address as any party shall hereafter inform the other party by written notice given as aforesaid. All
written notices so given shall be deemed effective upon receipt.


 


25.          Custody
of Mortgage Loan Documents. The originals of all
of the Mortgage Loan Documents (other than Note A-2-1, Note A-2-2, Note A-3-1, Note A-3-2, Note A-3-3 and Note A-4) will be held
by the Note A-1 Trustee (or by a custodian on its behalf) under the terms of the Note A-1 PSA on behalf of all of the Holders.


 


[NO FURTHER TEXT ON THIS PAGE]


 




    -35-


     


    

 


IN WITNESS WHEREOF, each
of the Note A-1 Holder, the Note A-2-1 Holder, the Note A-2-2 Holder, the Note A-3-1 Holder, the Note A-3-2 Holder, the
Note A-3-3 Holder and the Note A-4 Holder has caused this Agreement to be duly executed as of the day and year first above written.








	 	 	 
	 	Note A-1 Holder:
	 	 	 
	 	WILMINGTON
    TRUST, NATIONAL ASSOCIATION, as Trustee, for the benefit of the Holders of COMM 2015-CCRE26 Mortgage Trust Commercial Mortgage
    Pass-Through Certificates, Series 2015-CCRE26
	 	 	 
	 	By:	Wells Fargo Bank, National Association, as
    Master Servicer
	 	 	 
	 	By:	/s/
    Derek Martindale 
	 	 	Name: Derek Martindale
	 	 	Title: Director




 


Signature
Page

One and Two Prudential Plaza
Second Amended and Restated Co-Lender Agreement

 




     


     


    

 


	 	 	 
	 	Note A-2-1 Holder:
	 	 	 
	 	WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Trustee, for the benefit of the Holders of CD 2016-CD1 Mortgage Trust Commercial Mortgage Pass-Through Certificates,
Series 2016-CD1
	 	 	 
	 	By:	Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer
	 	 	 
	 	By:	 /s/
    David A. Eckels
	 	 	Name:
    David A. Eckels
	 	 	Title: Senior Vice President





 


 


Signature
Page

One and Two Prudential Plaza
Second Amended and Restated Co-Lender Agreement


 





     


     


    




 


	 	 	 
	 	Note A-2-2 Holder:
	 	 
	 	GERMAN AMERICAN CAPITAL CORPORATION
	 	 	 
	 	By:	/s/ Natalie D. Grainger
	 	 	Name: Natalie D. Grainger
	 	 	Title: Director
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title: Director



 


 


 




COMM 2016-COR1:GACC PRUDENTIAL
PLAZA SECOND AMENDED AND RESTATED CO-LENDER AGREEMENT





     


     


    

 


	 	 	 
	 	Note A-3-1 Holder:
	 	 
	 	GERMAN AMERICAN CAPITAL CORPORATION
	 	 	 
	 	By:	 /s/ Natalie D. Grainger 
	 	 	Name: Natalie D. Grainger
	 	 	Title: Director
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title: Director




 


 


 


COMM 2016-COR1:GACC PRUDENTIAL
PLAZA SECOND AMENDED AND RESTATED CO-LENDER AGREEMENT





     


     


    




 


	 	 	 
	 	Note A-3-2 Holder:
	 	 
	 	GERMAN AMERICAN CAPITAL CORPORATION
	 	 	 
	 	By:	 /s/ Natalie D. Grainger 
	 	 	Name: Natalie D. Grainger
	 	 	Title: Director
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title: Director





 


 




 


COMM 2016-COR1:GACC PRUDENTIAL
PLAZA SECOND AMENDED AND RESTATED CO-LENDER AGREEMENT





     


     


    




 



	 	 	 
	 	Note A-3-3 Holder:
	 	 
	 	GERMAN AMERICAN CAPITAL CORPORATION
	 	 	 
	 	By:	 /s/ Natalie D. Grainger 
	 	 	Name: Natalie D. Grainger
	 	 	Title: Director
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title: Director



 


 




 


COMM 2016-COR1:GACC PRUDENTIAL
PLAZA SECOND AMENDED AND RESTATED CO-LENDER AGREEMENT


 



     


     


    


 


	 	 	 
	 	Note A-4 Holder:
	 	 
	 	GERMAN AMERICAN CAPITAL CORPORATION
	 	 	 
	 	By:	 /s/ Natalie D. Grainger 
	 	 	Name: Natalie D. Grainger
	 	 	Title: Director
	 	 	 
	 	By:	/s/ Matt Smith
	 	 	Name: Matt Smith
	 	 	Title: Director



 


 


 


COMM 2016-COR1:GACC PRUDENTIAL
PLAZA SECOND AMENDED AND RESTATED CO-LENDER AGREEMENT

 




     


     


    

 


EXHIBIT A


 


MORTGAGE LOAN SCHEDULE


 


A.         Description of Mortgage
Loan


 


	Borrower:	SL PRU LLC
	Mortgage Loan Origination Date:  	July 30, 2015
	Initial Principal Amount of Mortgage Loan:	$415,000,000
	Co-Lender Closing Date Mortgage Loan Principal Balance:	$415,000,000
	Location of Mortgaged Property:	Chicago, Illinois
	Current Use of Mortgaged Property:	Office Buildings
	Mortgage Interest Rate:	
        Note A-1:        4.61%

        

        Note A-2-1:     4.61%

        

        Note A-2-2:     4.61%

        

        Note A-3-1:     4.61%

        

        Note A-3-2:     4.61%

        

        Note A-3-2:     4.61%

        

        Note A-4:        4.61%

        

	Maturity Date:	July 30, 2025



 



    A-1


     


    

 


B.         Description of Notes


 


	Mortgage Loan Origination Date:	July 30, 2015
	Initial Note A-1 Principal Balance:	$115,000,000
	Initial Note A-2-1 Principal Balance:	$50,000,000
	Initial Note A-2-2 Principal Balance:	$50,000,000
	Initial Note A-3-1 Principal Balance:	$40,000,000
	Initial Note A-3-2 Principal Balance:	$35,000,000
	Initial Note A-3-3 Principal Balance:	$25,000,000
	Initial Note A-4 Principal Balance:	$100,000,000
	Initial Note A-1 Percentage Interest:	27.71%
	Initial Note A-2-1 Percentage Interest:	12.05%
	Initial Note A-2-2 Percentage Interest:	12.05%
	Initial Note A-3-1 Percentage Interest:	9.64%
	Initial Note A-3-2 Percentage Interest:	6.02%
	Initial Note A-3-3 Percentage Interest:	8.43%
	Initial Note A-4 Percentage Interest:	24.10%
	Note A-1 Interest Rate:	4.61%
	Note A-2 Interest Rate:	4.61%
	Note A-3-1 Interest Rate:	4.61%
	Note A-3-2 Interest Rate:	4.61%
	Note A-3-3 Interest Rate:	4.61%
	Note A-4 Interest Rate:	4.61%
	Note A-1 Default Interest Rate:	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-2-1 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-2-2 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-3-1 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-3-2 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-3-3 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate
	Note A-4 Default Interest Rate:  	Lesser of (a) the maximum rate permitted by law or (b) five percent (5%) above the Note A-1 Interest Rate


 



    A-2


     


    

 


EXHIBIT B





	 	 
	Note A-1 Holder:	 
	 	 
	Wilmington Trust, National Association, as Trustee, for the benefit of the Holders of COMM
2015-CCRE26 Mortgage  Trust Commercial Mortgage Pass Through Certificates, Series 2015- CCRE26	 
	 	 
	c/o Wells Fargo Bank, National Association 
 Commercial Mortgage Servicing 
 MAC D1086
 550 South Tryon Street, 14th Floor 
 Charlotte, North Carolina 28202
 Attention: COMM 2015-CCRE26 Asset Manager
	 	 
	with a copy to:	 
	 	 
	Wells Fargo Bank, National Association 
 Legal Department 
 301 South College Street 
 D1053-300
 Charlotte, North Carolina 28202
 Attention: Commercial Mortgage Servicing Legal Support
	 	 
	with a copy to:	 
	 	 
	K&L Gates LLP 
 Hearst Tower 
 214 North Tryon Street 
 Charlotte, North Carolina 28202
 Attention: Stacy G. Ackermann










 




    B-1


     


    

 








	Note A-2-1 Holder: 	 
	 	 
	Wells Fargo Bank, National Association, as Trustee, for the benefit of the Holders of CD 2016-CD1 Mortgage Trust Commercial Mortgage Pass Through Certificates, Series 2016-CD1	 
	 	 
	c/o Midland Loan Services, a Division of PNC Bank, National Association 
 10851 Mastin Street, Suite 700 
 Overland Park, Kansas 66210 
 Attention: Executive Vice President – Division Head 
 Fax Number: (888) 706-3565
	 	 
	with a copy to:	 
	 	 
	Stinson Leonard Street LLP 

1201 Walnut Street, Suite 2900 

Kansas City, Missouri 64106-2150 

Fax Number: (816) 412-9338 

Attention:  Kenda K. Tomes	 





 




    B-2


     


    

 


Note A-2-2 Holder, Note A-3-1 Holder, Note A-3-2 Holder, Note
A-3-3 Holder and Note A-4 Holder:


 


German American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: Robert Pettinato

Telecopier: (212) 797-4488

E-mail: Robert.Pettinato@db.com


 


with a copy to:


 


German American Capital Corporation

60 Wall Street

New York, New York 10005

Attention: General Counsel


 


with a copy to:


 


Cadwalader, Wickersham & Taft
LLP

200 Liberty Street

New York, New York 10281

Attention: Anna Glick

Telecopier: (212) 504-6666


 



    B-3


     


    

 


EXHIBIT C


 


PERMITTED FUND MANAGERS


 


Westbrook Partners





iStar Financial Inc.





Capital Trust





Archon Capital, L.P.





Whitehall Street Real Estate Fund, L.P.





The Blackstone Group





Normandy Real Estate Partners





Dune Real Estate Partners





AllianceBernstein





Rockwood





RREEF Funds





Hudson Advisors





Artemis Real Estate Partners





Apollo Real Estate Advisors





Colony Capital, Inc.





Praedium Group





Fortress Investment Group, LLC





Lonestar Opportunity Funds





Clarion Partners





Walton Street Capital, LLC





Starwood Financial Trust





BlackRock, Inc.





Eightfold Real Estate Capital, L.P.


 



    C-1