Example ContractsClausesbailee letterVariants
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Provided however, that in connection with any aforementioned permanent Mortgage Loan on a Multifamily Property originated by the Borrower pursuant to a Fannie Mae credit facility, in lieu of delivering a bailee letter in the form attached to the Credit Facility Agreement as [Exhibit N-33]3]], Borrower shall cause Fannie Mae’s counsel to deliver to Lender a bailee letter based on Fannie Mae’s then current form bailee letter, as revised to include the following provision:

Provided however, that in connection with any aforementioned permanent MortgageMulti-Family Loan on a Multifamily Property originated by the Borrower pursuant to a Fannie MaeFreddie Mac credit facility, in lieu of delivering a bailee letter in the form attached to the Credit Facility Agreement as [Exhibit N-33]3]], Borrower shall cause Fannie Mae’Freddie Mac’s counsel to deliver to LenderAdministrative Agent a bailee letter based on Fannie Mae’Freddie Mac’s then current form bailee letter, as revised to include the following provision:

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