Section VII Clause Samples

Section VII. 3.2. Value of the Net Assets of a Series..............................................35 Section VII.4. Interim Determinations...........................................................37 Section VII.5. Outstanding Shares...............................................................37 Section VII.6.

Section VII. 3. Computation of Per Share Net Asset Value.........................................35

Section VII. 3.1. Net Asset Value Per Share............................................35

Section VII. 2. When Determined......................................................35

Section VII. 10 Assignment.................................................17 SECTION VII.11 Equitable Remedies.........................................17 SECTION VII.12

Section VII. 26. Hazardous Materials; Contamination. (a) Give notice to the Agent within five (5) Banking Days of the Borrower's acquiring knowledge of the presence of any Hazardous Materials on any property owned or controlled by the Borrower or for which the Borrower is responsible or of any Hazardous Materials Contamination with a full description thereof, except for reasonable quantities of necessary supplies for use by the Borrower in the ordinary course of its current line of business and stored, used and disposed of in accordance with applicable Laws; (b) promptly comply with any laws requiring special handling, maintenance, servicing, removal, treatment or disposal of Hazardous Materials or Hazardous Materials Contamination and provide the Agent upon request with satisfactory evidence of such compliance; (c) provide the Agent, within thirty (30) days after a demand by the Agent, with a bond, letter of credit or similar financial assurance evidencing to the Agent's satisfaction that funds are available to pay the cost of removing, treating, and disposing of such Hazardous Materials or Hazardous Materials Contamination and discharging any lien which may be established as a result thereof on any property owned, operated or controlled by the Borrower or for which the Borrower is responsible; and (d) defend, indemnify and hold harmless the Lenders and each of their agents, employees, trustees, successors and assigns from any and all claims which may now or in the future (whether before or after the termination of this Agreement) be asserted as a result of the presence of any Hazardous Materials on any property owned, operated, controlled or managed by the Borrower for which the Borrower is responsible for any Hazardous Materials Contamination.

Section VII. 2. Limitation on Liability of the Operating Partnership 49 SECTION VII.3. The Operating Partnership May Purchase Certificates . 49 ARTICLE VIII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Concerning the Call Option and the Put Option . . . . . . . . . . . . . . . . . 50 SECTION VIII.1. Call Option . . . . . . . . . . . . . . . . . . . . . 50 SECTION VIII.2. Obligations to the Callholder . . . . . . . . . . . . 51 SECTION VIII.3. Put Option . . . . . . . . . . . . . . . . . . . . . 51

Section VII. 4. Rights of Agent and Its Affiliates as a Bank.............................................48 Section VII.5. Indemnification..........................................................................48 Section VII.6. CONSEQUENTIAL DAMAGES....................................................................48 Section VII.7. Payee of Note Treated as Owner...........................................................48 Section VII.8. Non-Reliance on Agent and Other Banks....................................................49 Section VII.9. Failure to Act...........................................................................49 Section VII.10.Resignation or Removal of Agent..........................................................49 ARTICLE VIII CHANGE IN CIRCUMSTANCES; COMPENSATION ..............................................................50 Section VIII.1.Basis for Determining Interest Rate Inadequate or Unfair.................................50 Section VIII.2.Illegality...............................................................................50 Section VIII.3.Increased Cost and Reduced Return........................................................50 Section VIII.4.Base Rate Loans Substituted for Euro-Dollar Loans........................................52 Section VIII.5.Compensation.............................................................................52 Section VIII.6.Replacement of Bank......................................................................53

Section VII. Section (vii) of the Agreement is hereby amended and restated in its entirety to instead read as follows: Company will protect and maintain all confidential information provided by SI Securities to the Company. This confidential information shall include, but is not limited to, certain customer lists that SI Securities may share with Company from time to time related to its Offering (the “Customer Lists”). If provided, such Customer Lists may not be used for any purpose other than related to Company’s Offering. However, Company shall in no way “scrape” the names of investors listed on the Online Platform or attempt to contact such investors outside of the Platform without SI Securities’ prior written consent. In the event SI Securities provides its consent regarding the use of Customer Lists, each use of the Customer Lists by Company shall be approved by SI Securities prior to such use. In addition, Company shall not share these Customer Lists with other third parties without SI Securities’ prior written consent, and provided that such third parties similarly agree to be bound by the above.