SUCCESSORS AND
ASSIGNS TO ANY PERSON WITHOUT THE CONSENT OF THE TENANT, AND, IN THE EVENT THE
LESSOR'S INTEREST IS SO ASSIGNED, THE TENANT WILL BE OBLIGATED TO RECOGNIZE THE
ASSIGNEE AS LESSOR UNDER SUCH CREDIT LEASE.
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(3)
EACH CREDIT LEASE HAS AN ORIGINAL TERM ENDING ON OR AFTER THE DATE
THE PROPERTY-OWNING BORROWER IS REQUIRED TO DEPOSIT ITS FINAL PAYMENT ON THE
RELATED ADVANCE WITH THE LENDERS UNLESS COVERED BY EXTENDED AMORTIZATION OR
RESIDUAL VALUE INSURANCE.
(4)
THE MONTHLY PAYMENT FOR THE RELATED ADVANCE IS LESS THAN OR EQUAL
TO THE BASIC RENT DUE UNDER THE RELATED CREDIT LEASE (UNLESS AN "EXTENDED
AMORTIZATION POLICY" OR A RESIDUAL VALUE INSURANCE POLICY OR CASH RESERVES OR
OTHER FORM OF CREDIT ENHANCEMENT HAS BEEN OBTAINED WHICH HAS BEEN IN EACH CASE
DISCLOSED TO AGENT).
(5)
THERE IS NO ASSIGNMENT OF ANY CREDIT LEASE BY ANY TENANT PENDING.
(6)
EACH TENANT HAS AGREED TO NOTIFY THE RELATED MORTGAGEE OF ANY
DEFAULT UNDER THE RELATED CREDIT LEASE AND TO PROVIDE SUCH MORTGAGEE WITH
ADDITIONAL TIME AND OPPORTUNITY TO CURE.
(7)
EXCEPT AS OTHERWISE DISCLOSED TO AGENT WITH RESPECT TO TENANTS
WHICH ARE MASTER LESSOR TO SUBTENANTS, EACH CTL PROPERTY IS NOT SUBJECT TO ANY
LEASE OTHER THAN THE RELATED CREDIT LEASE, NO PERSON HAS ANY POSSESSORY INTEREST
IN, OR RIGHT TO OCCUPY, THE RELATED CTL PROPERTY EXCEPT UNDER AND PURSUANT TO
SUCH CREDIT LEASE AND THE TENANT UNDER THE RELATED CREDIT LEASE IS IN OCCUPANCY
OF THE ENTIRE PROPERTY.
(8)
NO TENANT UNDER A CREDIT LEASE (NOR LEASE GUARANTOR, IF
APPLICABLE) HAS BEEN RELEASED, IN WHOLE OR IN PART, FROM ITS OBLIGATIONS UNDER
THE CREDIT LEASE (OR LEASE GUARANTY, AS APPLICABLE).
(9)
UNDER THE TERMS OF THE CREDIT LEASE, THE TENANT IS NOT PERMITTED
TO ASSIGN OR SUBLET ITS INTEREST OR OBLIGATIONS UNDER THE CREDIT LEASE UNLESS
SUCH TENANT REMAINS FULLY LIABLE THEREUNDER.
(10)
EACH TENANT UNDER A CREDIT LEASE IS REQUIRED (OR HAS BEEN
IRREVOCABLY DIRECTED) TO MAKE ALL RENTAL PAYMENTS DIRECTLY TO THE COLLECTION
ACCOUNT OR A LOCKBOX ESTABLISHED BY THE PROPERTY-OWNING BORROWER WHICH PROVIDES
FOR AUTOMATIC SWEEP OF DEPOSITS TO THE COLLECTION ACCOUNT.
(11)
WITH RESPECT TO ANY CREDIT LEASE GUARANTEED BY THE PARENT OR
AFFILIATE OF A TENANT, EACH EXISTING LEASE GUARANTY IS IN FULL FORCE AND EFFECT,
AND NO DEFAULT EXISTS THEREUNDER.
(12)
WITH RESPECT TO ANY CREDIT LEASE THAT IS NOT A TRIPLE NET LEASE OR
DOUBLE NET LEASE, SUCH CREDIT LEASE IS A BONDABLE LEASE WITH NO TERMINATION OR
RENT ABATEMENT RIGHTS BY THE TENANT, EXCEPT IN CONNECTION WITH THE EXERCISE OF A
PURCHASE OPTION; THE OBLIGATIONS OF ANY TENANT UNDER SUCH LEASE (INCLUDING, BUT
NOT LIMITED TO, THE OBLIGATION OF THE TENANT TO PAY FIXED AND ADDITIONAL RENT),
ARE NOT AFFECTED BY REASON OF ANY DAMAGE TO OR DESTRUCTION OF ANY PORTION OF THE
CTL PROPERTY, ANY TAKING OF THE CTL PROPERTY OR ANY PART THEREOF BY CONDEMNATION
OR OTHERWISE, OR ANY PROHIBITION, LIMITATION,
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INTERRUPTION, RESTRICTION, OR INTERFERENCE OF THE TENANT'S USE,