Extract to table

The appraisals must confirm an aggregate appraised value sufficient to support the requested LTV ratio

The policies must include standard CMBS endorsements, as discussed in Section VII

(c) Adding a materiality qualifier — the violation must be material to the bankruptcy remoteness of the SPE for the carve-out to be triggered

the independent manager must not be an affiliate, employee, officer, director, or equity holder of the borrower, guarantor, or their affiliates, and must have at least three years of experience in the role of independent director/manager for SPE entities)

The loan documents must include an express carve-out permitting transfers of the collateral properties and equity interests among Fairwater REIT, Fairwater Operating Partnership, L

Transfers of shares of FWTR common stock on the New York Stock Exchange must be expressly excluded from the transfer restrictions