Common use of Current Reports Clause in Contracts

Current Reports. (a) The Servicer, the Special Servicer and the Certificate Administrator are each authorized to execute and deliver, in their respective sole discretion, one or more agreements with the EU Transparency Designee with respect to the reporting or provision of information in connection with the performance by the EU Transparency Designee of its obligations under the EU Transparency Requirements or the EU Risk Retention Agreement. None of the Servicer, the Special Servicer or the Certificate Administrator shall have any duty or liability hereunder (whether to the Certificateholders, the RR Interest Owners or Beneficial Owners, the other parties hereto or otherwise) with respect to or related to any such agreement. In no event shall the Servicer, the Special Servicer or the Certificate Administrator have any duty for any purpose to evaluate or otherwise make determinations regarding the sufficiency, adequacy, completeness or suitability of any reports or other information (including reports using a data reporting template) prepared by or on behalf of the EU Transparency Designee in connection with its obligations under the EU Transparency Requirements or the EU Risk Retention Agreement. (b) Within four (4) Business Days after the occurrence of a Specified Event (as defined below), to the extent that it receives the Current Report Disclosure Information (as defined below) by means of a completed version of the form attached hereto as Exhibit BB-3 as described in the next succeeding paragraph, the Certificate Administrator shall, subject to the review and approval procedures set forth below, prepare and post to the “EU Risk Retention” tab on the Certificate Administrator’s Website a report thereof (a “Current Report”) substantially in the form attached hereto as Exhibit BB-1, with such completed Exhibit BB-3 attached thereto, and setting forth the information regarding such Specified Event that would be required by Form 8-K under the Exchange Act. “Specified Event” means any event identified in Exhibit BB-2, which will have substantially the same meaning as the related item in Form 8-K under the Exchange Act. “Current Report Disclosure Information” means, with respect to each Specified Event, any disclosure or information regarding such Specified Event that would be required by Form 8-K under the Exchange Act.

Current Reports. (a) The Servicer, the Special Servicer and the Certificate Administrator are each authorized to execute and deliver, in their respective sole discretion, one or more agreements with the EU Transparency Designee with respect to the reporting or provision of information in connection with the performance by the EU Transparency Designee of its obligations under the EU Transparency Requirements or the EU Risk Retention Agreement. None of the Servicer, the Special Servicer or the Certificate Administrator shall have any duty or liability hereunder (whether to the CertificateholdersTrust Interest Owners, the RR Interest Owners or Beneficial Owners, the other parties hereto or otherwise) with respect to or related to any such agreement. In no event shall the Servicer, the Special Servicer or the Certificate Administrator have any duty for any purpose to evaluate or otherwise make determinations regarding the sufficiency, adequacy, completeness or suitability of any reports or other information (including reports using a data reporting template) prepared by or on behalf of the EU Transparency Designee in connection with its obligations under the EU Transparency Requirements or the EU Risk Retention Agreement. (b) Within four (4) Business Days after the occurrence of a Specified Event (as defined below), to the extent that it receives the Current Report Disclosure Information (as defined below) by means of a completed version of the form attached hereto as Exhibit BB-3 T-3 as described in the next succeeding paragraph, the Certificate Administrator shall, subject to the review and approval procedures set forth below, prepare and post to the “EU Risk Retention” tab on the Certificate Administrator’s Website a report thereof (a “Current Report”) substantially in the form attached hereto as Exhibit BB-1T-1, with such completed Exhibit BB-3 T-3 attached thereto, and setting forth the information regarding such Specified Event that would be required by Form 8-K under the Exchange Act. “Specified Event” means any event identified in Exhibit BB-2T-2, which will have substantially the same meaning as the related item in Form 8-K under the Exchange Act. “Current Report Disclosure Information” means, with respect to each Specified Event, any disclosure or information regarding such Specified Event that would be required by Form 8-K under the Exchange Act.