Extract to table

The engagement team must conduct a thorough review of the Ground Lease to confirm, among other things: (i) the adequacy of leasehold mortgagee protections, including notice and cure rights; (ii) the existence and terms of any recognition or non-disturbance agreement between the ground lessor and the leasehold mortgagee; (iii) provisions regarding assignment, subletting, and change of control; (iv) insurance and casualty/condemnation provisions; (v) default and termination provisions; and (vi) the term of the Ground Lease (which must extend for a sufficient period beyond the maturity date of the Senior Loan, as typically required by institutional leasehold mortgage lenders)