本环保赔偿协议(以下简称“协议)于2024年12月6日签署,签署方包括 CIM/J STREEt HOTEL SACRAMENTO OWNER, LLC,CIM/J STREEt HOTEL SACRAMENTO ML, LLC,和 CIM/J STREEt GARAGE SACRAMENTO OWNER, LLC, 各为特拉华州有限责任公司( jointly and severally, the “借款人”且每个均为“借款人),和 创意媒体与社区信托,为马里兰州公司(“Sponsor”,连同借款人,一起称为“赔偿方),为了 德意志银行纽约分行,作为行政代理(在此角色中,与其继任者及受让人一起称为“代理人),代表自己及任何其他贷款方(根据贷款协议中的定义)针对以下事实:
B.借款人就贷款的义务部分由酒店物业和车库物业的优先留置权担保(车库物业与酒店物业统称为“抵押物业”,每个均为“抵押物业”), as evidenced by (i) that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of the date hereof, executed and delivered by Hotel Fee Borrower and Operating Lessee Borrower in favor of the trustee named therein for the benefit of Agent on behalf of the Lenders encumbering the Hotel Property, and (ii) that certain first priority Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of the date hereof, executed and delivered by Garage Fee Borrower in favor of the trustee named therein for the benefit of Agent on behalf of the Lenders encumbering the Garage Property, as each of (i) and (ii) may be Modified from time to time, collectively, the “Mortgage”.
C.One of the conditions precedent to the Lenders’ obligation to make the Loan is that Indemnitors enter into this Agreement.
D.All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement.
协议
NOW THEREFORE, in consideration of the making of the Loan by Lenders to Borrower, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Indemnitors agree to the following:
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1.The following terms shall have the meanings ascribed thereto:
11.All costs and other payments required to be paid by Indemnitors hereunder on behalf of Indemnified Parties or otherwise shall be paid within ten (10) Business Days after written demand by Agent. If those payments are not paid timely by Indemnitors on demand by Agent, and if Agent or any Lender shall advance any funds in payment thereof, Indemnitors shall nevertheless remain jointly and severally liable for all amounts due hereunder plus interest at the Default Rate under Section 2.8.3 of the Loan Agreement on all such funds advanced by Agent or any Lender until repaid by Indemnitors, in addition to all other rights and remedies of Agent or Lenders hereunder or by law.
12.EACH INDEMNITOR, AND BY ACCEPTANCE OF THIS AGREEMENt, AGENt AND EACH LENDER, WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIm OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR ANY DEALINGS BETWEEN THEm RELATING TO THE SUBJECt MATTER OF TRANSACTIONS CONTEMPLATED HEREBY OR THE INDEMNITOR/INDEMNITEE RELATIONSHIP THAt IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAt MAY BE FILED IN ANY COURt AND THAt RELATE TO THE SUBJECt MATTER OF THIS TRANSACTION, INCLUDING CONTRACt CLAIMS, TORt CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH INDEMNITOR, AND BY ACCEPTANCE OF THIS AGREEMENt, AGENt AND EACH LENDER, ACKNOWLEDGES THAt THIS WAIVER IS A MATERIAL INDUCEMENt TO ENTER INTO A BUSINESS RELATIONSHIP, THAt EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO OR ACCEPTING THIS AGREEMENt, AS APPLICABLE, AND THAt EACH WILL CONTINUE TO RELY ON THIS WAIVER IN
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ITS RELATED FUTURE DEALINGS. EACH INDEMNITOR, AND BY ACCEPTANCE OF THIS AGREEMENt, AGENt AND EACH LENDER, FURTHER WARRANTS AND REPRESENTS THAt It HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAt It KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAt It MAY NOt BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS 第12节 并由每个赔偿方、代理人和每个贷款方签署,并且本放弃适用于任何后续的修改、续期、补充或修改。在诉讼的情况下,本协议可以作为书面同意提交法庭进行审判。
15.赔偿方在本协议下的义务和责任将无条款生效,尽管任何终止、满足、转让、进入缺失抵押的判决、行使任何销售权或交付抵押代替转让契约的行为。不影响前述事项,每个赔偿方在本协议下的责任和赔偿义务 第四节 of this Agreement shall terminate, with respect to the applicable Mortgaged Property, on the date that is two (2) years after the date on which each of the conditions precedent set forth in the following clauses (i) - (v) are satisfied (such date, the “Testing Date”): (i) the Loan has been indefeasibly repaid and satisfied in full, (ii) the applicable Borrower, at its sole cost and expense, has delivered a then-current Phase I environmental assessment (dated as of the Testing Date) of such Mortgaged Property in form and substance reasonably acceptable to Agent and prepared by a hydrogeologist or environmental engineer or other appropriate consultant chosen or reasonably approved by Agent (such approval not to be unreasonably withheld, conditioned or delayed), in general accordance with the ASTm standards, containing the same material scope as the Phase I Environmental Site Assessment (and a follow up Phase II environmental report if required by the Phase I), indicating and concluding, as of the date of such report and with respect to such Mortgaged Property, (A) no material non-compliance with or violation of applicable Environmental Laws, (B) no actual Environmental Liens encumbering such Mortgaged Property, (C) no actual administrative
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processes or proceedings or judicial proceedings in any way connected with any matter addressed in this Agreement and (D) that such Mortgaged Property does not contain any Hazardous Materials in violation of Environmental Laws, and that no environmental condition exists in, on or under such Mortgaged Property in violation of or which requires remediation pursuant to applicable Environmental Laws, and (iii) Indemnitors have paid all reasonable out-of-pocket costs and expenses actually incurred by Agent in connection with Agent’s assessment of the environmental condition of such Mortgaged Property in connection with the delivery of such Phase I environmental assessment (and such follow up Phase II environmental report if required by the Phase I), including, without limitation, reasonable attorneys’ fees and costs. Notwithstanding anything to the contrary set forth in this 第15条, 每个赔偿方在本协议下的赔偿义务, 第四节 本协议中的赔偿义务应在测试日期后继续有效,针对在赔偿义务未解决期间提出的任何索赔。