Common use of Research Analyst Independence Clause in Contracts

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Shareholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Shareholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Shareholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders Shareholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges and the Operating Partnership acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Operating Partnership hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Operating Partnership may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Operating Partnership by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders Operating Partnership acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges Partnership Parties acknowledge that (a) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (b) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership, the value of the Common Units and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Partnership Parties hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Partnership Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company Partnership Parties or the Selling Stockholders their affiliates by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Selling Stockholders Partnership Parties acknowledge that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company Each of the Partnership Parties acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership and/or the offering of the Units that differ from the views of their respective investment banking divisions. The Company Each of the Partnership Parties hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Partnership Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Partnership Parties by such Underwriters’ investment banking divisions. The Company and Each of the Selling Stockholders acknowledge Partnership Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company Each of the Spectra Parties acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to each of the Company Spectra Parties and/or the offering that differ from the views of their respective investment banking divisions. The Company Each of the Spectra Parties hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Spectra Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Spectra Parties by such Underwriters’ investment banking divisions. The Company and Each of the Selling Stockholders acknowledge Spectra Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges Partnership Parties acknowledge that (a) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (b) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership Parties, the value of the Units and/or the offering that differ from the views of their respective investment banking divisions. The Company Partnership Parties hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders it may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Partnership Parties by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Selling Stockholders Partnership Parties acknowledge that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Each of the Company and the Selling Stockholder acknowledges that the Underwriters’ Underwriter’s research analysts and research departments are department is required to be independent from their respective its investment banking divisions division and are is subject to certain regulations and internal policies, and that such Underwriters’ Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective its investment banking divisionsdivision. The Each of the Company and the Selling Stockholders Stockholder hereby waive waives and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Stockholder may have against the Underwriters Underwriter with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments department may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Stockholder by such Underwriters’ the Underwriter’s investment banking divisionsdivision. The Each of the Company and the Selling Stockholders acknowledge Stockholder acknowledges that each of the Underwriters Underwriter is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company Each of the BreitBurn Parties acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or Partnership or the offering of the Units that differ from the views of their respective investment banking divisions. The Company Each of the BreitBurn Parties hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders such party may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Partnership by such Underwriters’ investment banking divisions. The Company and Each of the Selling Stockholders acknowledge BreitBurn Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders acknowledge acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Trust and the Company acknowledges acknowledge that the Underwriters’ respective research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ respective research analysts and research departments may hold views and make statements or investment recommendations and/or publish research reports with respect to the Trust, the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company Trust and the Selling Stockholders Company hereby waive and release, to the fullest extent permitted by applicable law, any claims that the Company Trust or the Selling Stockholders Company may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent respective research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company Trust or the Selling Stockholders Company by such Underwriters’ respective investment banking divisions. The Company Trust and the Selling Stockholders Company acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies Trust and other entities that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or or publish research reports with respect to the Company and/or the offering of the Offered Units that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Unitholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Unitholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Unitholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders Unitholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company Issuer acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Issuer and other Subsidiaries and/or the offering that differ from the views of their respective investment banking divisions. The Company Issuer hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company Issuer or the Selling Stockholders any other Subsidiary may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company Issuer or the Selling Stockholders any other Subsidiary by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders acknowledge Issuer acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies entities that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company Partnership acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership and/or the offering Offering that differ from the views of their respective investment banking divisions. The Company Partnership and the Selling Stockholders Unitholder hereby waive and release, to the fullest extent permitted by law, any claims that the Company Partnership or the Selling Stockholders Unitholder may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company Partnership or the Selling Stockholders Unitholder by such Underwriters’ investment banking divisions. The Company Partnership and the Selling Stockholders Unitholder acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company Each of the BreitBurn Parties acknowledges that the Underwriters’ each Underwriter’s research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or Partnership or the offering of the Units that differ from the views of their respective investment banking divisions. The Company Each of the BreitBurn Parties hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders such party may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Partnership by such Underwriters’ Underwriter’s investment banking divisions. The Company and Each of the Selling Stockholders acknowledge BreitBurn Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company Each of the Issuer and JGWPT Holdings acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Issuer and/or the offering that differ from the views of their respective investment banking divisions. The Company Each of the Issuer and the Selling Stockholders JGWPT Holdings hereby waive waives and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders it may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders it by such Underwriters’ investment banking divisions. The Company Each of the Issuer and the Selling Stockholders acknowledge JGWPT Holdings acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ ' research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ ' research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Shareholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Shareholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Shareholders by such Underwriters’ ' investment banking divisions. The Company and the Selling Stockholders Shareholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ ' research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ ' research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders by such Underwriters’ ' investment banking divisions. The Company and the Selling Stockholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Each of the Company Parties acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Company, its subsidiaries and/or the offering of the Securities that differ from the views of their respective investment banking divisions. The Each of the Company Parties hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Parties may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Parties by such Underwriters’ investment banking divisions. The Each of the Company and the Selling Stockholders acknowledge Parties acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges and the Advisor acknowledge that (i) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (ii) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Company, the value of the Securities and/or the offering Offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Advisor hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders it may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or and/or the Selling Stockholders Advisor by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Selling Stockholders Advisor acknowledge that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Each of the Company and the Parent acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or and the offering Parent or the Offering that differ from the views of their respective investment banking divisions. The Each of the Company and the Selling Stockholders Parent hereby waive waives and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Parent may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Parent by such Underwriters’ investment banking divisions. The Each of the Company and the Selling Stockholders acknowledge Parent acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies Linn Parties that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges Partnership Parties acknowledge that (a) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (b) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership Parties, the value of the Common Units and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Partnership Parties hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders it may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Partnership Parties by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Selling Stockholders Partnership Parties acknowledge that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ Underwriter’s and the Borrower’s research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ the Underwriter’s and the Borrower’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the Underwriters Underwriter or the Borrower with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or by the Selling Stockholders by such Underwriters’ Underwriter’s and the Borrower’s investment banking divisions. The Company and the Selling Stockholders acknowledge acknowledges that each of the Underwriters Underwriter and the Borrower is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ ' research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ ' research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders by such Underwriters’ ' investment banking divisions. The Company and the Selling Stockholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Shareholders hereby waive waives and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Shareholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Shareholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders acknowledge Shareholders acknowledges that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations 44 and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Shareholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Shareholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Shareholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders Shareholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges Trust and the Selling Shareholder acknowledge that the Underwriters’ ' research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ ' research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Trust and/or the offering that differ from the views of their respective investment banking divisions. The Company Trust and the Selling Stockholders Shareholder hereby waive and release, to the fullest extent permitted by law, any claims that the Company Trust or the Selling Stockholders Shareholder may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company Trust or the Selling Stockholders Shareholder by such Underwriters’ ' investment banking divisions. The Company Trust and the Selling Stockholders Shareholder acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The FBR TRS and the Company acknowledges acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Shareholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Shareholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Shareholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders Shareholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the ​ ​ Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders hereby waive waives and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges Partnership Entities acknowledge that (a) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (b) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Partnership, the value of the Common Units and/or the offering that differ from the views of their respective investment banking divisions. The Company Partnership Entities hereby waives and the Selling Stockholders hereby waive and releasereleases, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders it may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Partnership Parties by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Selling Stockholders Partnership Entities acknowledge that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges that the Underwriters’ ' research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ ' research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders by such Underwriters’ ' investment banking divisions. The Company and the Selling Stockholders acknowledge that each of the Underwriters is a full full-service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges and the Advisor acknowledge that (i) the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, policies and that such (ii) the Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company Company, the value of the Common Shares and/or the offering Offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Advisor hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders it may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or and/or the Selling Stockholders Advisor by such Underwriters’ any Underwriter’s investment banking divisionsdivision. The Company and the Selling Stockholders Advisor acknowledge that each of the Underwriters is a full service securities firm and as such such, from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be are the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges and the Selling Shareholder acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Shareholder hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Shareholder may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice advise communicated to the Company or the Selling Stockholders Shareholder by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders Shareholder acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.

Research Analyst Independence. The Company acknowledges and the Selling Stockholder acknowledge that the Underwriters’ research analysts and research departments are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the offering that differ from the views of their respective investment banking divisions. The Company and the Selling Stockholders Stockholder hereby waive and release, to the fullest extent permitted by law, any claims that the Company or the Selling Stockholders Stockholder may have against the Underwriters with respect to any conflict of interest that may arise from the fact that the views expressed by their independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Company or the Selling Stockholders Stockholder by such Underwriters’ investment banking divisions. The Company and the Selling Stockholders Stockholder acknowledge that each of the Underwriters is a full service securities firm and as such from time to time, subject to applicable securities laws, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the companies that may be the subject of the transactions contemplated by this Agreement.