Common use of Research Independence Clause in Contracts

Research Independence. The 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer and/or the offering that differ from the views of its investment bankers. The Issuer hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer by such Underwriters’ investment banking divisions. The 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 position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, 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 the Underwriters’ research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its their investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 the Underwriters’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Company by such the Underwriters’ investment banking divisions. The Issuer Company acknowledges that each of the Underwriters is a are full service securities firm firms and as such from time to time, subject to applicable securities laws, may effect transactions for its their own account accounts or the account accounts of its their customers and hold long or short position positions in debt or equity securities of the companies which that may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ investment banking divisions. The Issuer Company 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 position positions in debt or equity securities of the companies which may be the subject to the transactions contemplated by this AgreementCompany.

Research Independence. The Issuer 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which that may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the 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 the Underwriters’ research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such the Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer Company acknowledges that the Underwriters’ Placement Agent’s research analysts and research departments departments, if any, 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 Placement Agent’s research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Company may have against the Underwriters Placement Agent 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 Issuer Company by such Underwriters’ the Placement Agent’s investment banking divisions. The Issuer Company acknowledges that each of the Underwriters Placement Agent 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 position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this AgreementCompany.

Research Independence. The Issuer 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the 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 Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the Company acknowledges that the UnderwritersPurchasers’ 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 Underwritersthe Purchasers’ research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its their investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Company may have against the Underwriters Purchasers with respect to any conflict of interest that may arise from the fact that the views expressed by their the Purchasers’ independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwritersthe Purchasers’ investment banking divisions. The Issuer Company acknowledges that each of the Underwriters is a Purchasers are full service securities firm firms and as such from time to time, subject to applicable securities laws, may effect transactions for its their own account accounts or the account accounts of its their customers and hold long or short position positions in debt or equity securities of the companies which that may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The In addition, the Issuer acknowledges that the Underwriters’ 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’ the Underwriter’s research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer and/or the offering that differ from the views of its investment bankers. The Issuer hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 may be different from or inconsistent with the views or advice communicated to the Issuer by such Underwriters’ the Underwriter’s investment banking divisions. The Issuer 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 position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this Agreement.

Research Independence. The Issuer 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 Issuer Company and/or the offering that differ from the views of its their respective investment bankersbanking divisions. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ investment banking divisions. The Issuer Company 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 position positions in debt or equity securities of the companies which that may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such Underwriters’ ' investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer 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 Issuer Company and/or the offering of the Notes that differ from the views of its their respective investment bankersbanking divisions. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ investment banking divisions. The Issuer Company 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 position positions in debt or equity securities of the companies which that may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the Partnership acknowledges that the Underwriters’ 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’ the Underwriter’s research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Partnership 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 may be different from or inconsistent with the views or advice communicated to the Issuer Partnership by such Underwriters’ the Underwriter’s investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The In addition, the 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer and/or the offering that differ from the views of its investment bankers. The Issuer hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer by such Underwriters’ investment banking divisions. The 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 position in debt or equity securities of the companies Issuer which may be the subject to the transactions contemplated by this Agreement.

Research Independence. The Issuer acknowledges Issuers 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 Issuer Issuers and/or the offering that differ from the views of its their respective investment bankersbanking divisions. The Issuer Issuers hereby waives waive and releasesrelease, to the fullest extent permitted by law, any claims that the Issuer Issuers 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 Issuer Issuers by such Underwriters’ investment banking divisions. The Issuer acknowledges Issuers 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 position positions in debt or equity securities of the companies which that may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer acknowledges Companies acknowledge and agree that the Underwriters’ Underwriter’s research analysts and research departments are required to be independent from their respective investment banking divisions division and are subject to certain regulations and internal policies, and that such Underwriters’ Underwriter’s research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Companies and/or the offering Offering that differ from the views of its investment bankers. The Issuer Companies hereby waives waive and releasesrelease, to the fullest extent permitted by law, any claims that the Issuer Companies 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 its independent research analysts and research departments department may be different from or inconsistent with the views or advice communicated to the Issuer Companies by such Underwriters’ Underwriter’s investment banking divisionsdivision. The Issuer acknowledges Companies acknowledge 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 position positions in debt or equity securities of the companies Companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement. 17.

Research Independence. The Issuer In addition, the Corporation 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Corporation and/or the offering that differ from the views of its investment bankers. The Issuer Corporation hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Corporation 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 Issuer Corporation by such Underwriters’ investment banking divisions. The Issuer Corporation 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, 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 Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ investment banking divisions. The Issuer Company 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the Company acknowledges that the Underwriters’ each Underwriter’s research analysts and research departments departments, if any, 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering Offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Company may have against the Underwriters such 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 may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ Underwriter’s investment banking divisions. The Issuer Company acknowledges that each of the Underwriters Representative 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 position positions in debt or equity securities of the companies which may be the subject to the transactions contemplated by this AgreementCompany.

Research Independence. The Issuer In addition, the Company acknowledges that the UnderwritersPlacement Agents’ 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 Underwritersthe Placement Agents’ research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its their respective investment bankersbanking divisions. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Company may have against the Underwriters Placement Agents 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 Issuer Company by such Underwritersthe Placement Agents’ investment banking divisions. The Issuer Company acknowledges that each of the Underwriters is a Placement Agents are full service securities firm firms 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer Company acknowledges that the Underwriters’ Placement Agent’s research analysts and research departments departments, if any, are required to be independent from their respective investment banking divisions and are subject to certain regulations and internal policies, and that such Underwriters’ Placement Agent’s research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Company may have against the Underwriters Placement Agent 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 Issuer Company by such Underwriters’ the Placement Agent’s investment banking divisions. The Issuer Company acknowledges that each of the Underwriters Placement Agent 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 position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this AgreementCompany.

Research Independence. The Issuer 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 the Underwriters’ research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its their investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 its independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Partnership by such the Underwriters’ investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Underwriters by such Underwriters’ investment banking divisions. The Issuer Company 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer acknowledges In addition, the Sellers 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer and/or the offering that differ from the views of its investment bankers. The Issuer Sellers hereby waives waive and releasesrelease, to the fullest extent permitted by law, any claims that the Issuer Sellers 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 Issuer Sellers by such Underwriters’ investment banking divisions. The Issuer Sellers 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 position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the Partnership acknowledges that the Underwriters’ 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Partnership 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 may be different from or inconsistent with the views or advice communicated to the Issuer Partnership by such Underwriters’ the Underwriter’s investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer Partnership acknowledges that the Underwriters’ 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’ the Underwriter’s research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its their respective investment bankersbanking divisions. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Partnership 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 its independent research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Partnership by such Underwriters’ the Underwriter’s investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which that may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, the 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 the Underwriters’ ' research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer Partnership and/or the offering that differ from the views of its investment bankers. The Issuer Partnership hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer Partnership by such the Underwriters’ ' investment banking divisions. The Issuer Partnership 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer Company acknowledges that the Underwriters’ each Underwriter’s research analysts and research departments departments, if any, 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Company may have against the Underwriters such 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 may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ Underwriter’s investment banking divisions. The Issuer Company acknowledges that each of the Underwriters is a Co-Representatives are full service securities firm firms and as such from time to time, subject to applicable securities laws, may effect transactions for its their own account accounts or the account accounts of its their customers and hold long or short position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this AgreementCompany.

Research Independence. The Issuer In addition, the Company acknowledges that the Underwriters’ each Underwriter’s research analysts and research departments departments, if any, 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer Company may have against the Underwriters such 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 may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ Underwriter’s investment banking divisions. The Issuer Company acknowledges that each of the Underwriters Representative is a full service securities firm and as such from time to time, subject to applicable securities laws, the Representative may effect transactions for its own account or the account of its customers and hold long or short position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this AgreementCompany.

Research Independence. The 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer and/or the offering that differ from the views of its investment bankers. The Issuer hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 Issuer by such Underwriters’ investment banking divisions. The 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 position positions in debt or equity securities of the companies which may be the subject to the transactions contemplated by this Agreement.

Research Independence. The Issuer In addition, 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 and make statements or investment recommendations and/or publish research reports with respect to the Issuer Company and/or the offering that differ from the views of its investment bankers. The Issuer Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer 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 research analysts and research departments may be different from or inconsistent with the views or advice communicated to the Issuer Company by such Underwriters’ ' investment banking divisions. The Issuer Company 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 position positions in debt or equity securities of the companies which may be the subject to of the transactions contemplated by this Agreement.

Research Independence. The Issuer acknowledges that the Underwriters’ Placement Agent’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 UnderwritersPlacement Agent’ research analysts may hold and make statements or investment recommendations and/or publish research reports with respect to the Issuer and/or the offering that differ from the views of its investment bankers. The Issuer hereby waives and releases, to the fullest extent permitted by law, any claims that the Issuer may have against the Underwriters Placement Agent 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 Issuer by such Underwriters’ Placement Agent’s investment banking divisions. The Issuer acknowledges that each of the Underwriters Placement Agent 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 position in debt or equity securities of the companies which may be the subject to the transactions contemplated by this Agreement.