Financial Information. All financial data, including, without limitation, the statements of cash flow and income and operating expense, that have been delivered by each Borrower and by each Guarantor to the Agent in connection with the Loan # are true, complete and correct in all material respects, # accurately represent the financial condition of the Property to which the report relates as of the date of such reports, and # to the extent prepared or audited by an independent certified public accounting firm, have been prepared in accordance with GAAP, consistently applied, throughout the periods covered, except as disclosed therein. Except for Permitted Encumbrances, none of the Borrowers has any material contingent liabilities, liabilities for taxes, unusual forward or long-term commitments or unrealized or anticipated losses from any unfavorable commitments, except as referred to or reflected in said financial statements. Since the date of such financial statements, there has been no Material Adverse Change.

Financial Information. All financial data, including, without limitation, the statements of cash flow and income and operating expense, that have been delivered to ​ in connection with the Loan # are true, complete and correct in all material respects, # accurately represent the financial condition of the Property (or, if as to a Person, such Person) as of the date of such reports, and # to the extent prepared or audited by an independent certified public accounting firm, have been prepared in accordance with the Approved Accounting Method throughout the periods covered, except as disclosed therein. Except for Permitted Encumbrances, ​ does not have any contingent liabilities, liabilities for taxes, unusual forward or long-term commitments or unrealized or anticipated losses from any unfavorable commitments that are known to ​ and reasonably likely to have a materially adverse effect on the Property or the operation thereof for the purpose(s) set forth in [Section 3.1.26] hereof, except as referred to or reflected in said financial statements. Since the date of such financial statements, there has been no material adverse change in the financial condition, operation or business of ​ from that set forth in said financial statements.