Financial projections covering a time period acceptable to [[Organization B:Organization]] and specifying the assumptions used in creating the projections. Annual projections shall in any case be provided to [[Organization B:Organization]] within 30 days of each fiscal year end.

Section # Financial Statements; Projections ; No Material Adverse Effect.

The financial projections of the Borrower and its Subsidiaries for the fiscal years 2017 through 2020 prepared by the Borrower and delivered to the Administrative Agent and the Lenders (the “Financial Projections”) were prepared on behalf of the Borrower in good faith after taking into account historical levels of business activity of the Borrower and its Subsidiaries, known trends, including general economic trends, and all other information, assumptions and estimates considered by management of the Borrower and its Subsidiaries to be pertinent thereto; provided, however, that no representation or warranty is made as to the impact of future general economic conditions or as to whether the Borrower’s projected consolidated results as set forth in the Financial Projections will actually be realized, it being recognized by the Lenders that such projections as to future events are not to be viewed as facts and that actual results for the periods covered by the Financial Projections may differ materially from the Financial Projections. No

The financial projections are attached as Appendix A. While management believes these projections to be conservative, we highly encourage every investor to read the “Risk Factors” at the beginning of this prospectus and the “Assumptions” contained below, which may impact these projections.

“Financial Projections” has the meaning provided in [Section 5.07(b)].

“Projections” means all projections (including financial estimates, financial models, forecasts and other forward-looking information) furnished to the Lenders or the Administrative Agent by or on behalf of Holdings or any of the Subsidiaries on or prior to the Amendment No. 4 Effective Date in connection with the Transactions.

The Bank shall have received the Borrower’s updated financial projections/statements; and

Statements and projections contained in this Memorandum that are not based on historical fact, including but not limited to statements containing the words “believes,” “anticipates,” “intends,” “expects” and words of similar import, as well as all projections of future results, constitute “forward-looking statements.” This Memorandum contains forward-looking statements and projections concerning the Company’s or management’s plans, intentions, strategies, expectations, predictions and financial projections concerning the Company’s future activities and results of operations and other future events or conditions. Sections of this Memorandum containing such statements include, but are not limited to “Executive Summary,” “Risk Factors,” “Use of Proceeds,” and “The Company” (including subsections) and Appendix A - “Financial Statements and Projections.”

An updated business plan and financial projections in form and substance satisfactory to the Agent.

Annual Information and Projections. Within 30 days after the end of each fiscal year of the Borrowers, all such financial information regarding the Borrowers and their Subsidiaries and specifically regarding the Properties, as the Administrative Agent shall reasonably request, including, but not limited to, partnership, limited liability company and joint venture agreements, property cash flow projections, property budgets, actual and budgeted capital expenditures, operating statements (current year and immediately preceding year, if the Property existed as a Property in the immediately preceding year), mortgage information, rent rolls, lease expiration reports, leasing status reports, notes payable summary, bullet notes summary, equity funding requirements, contingent liability summary, lines of credit summary, lines of credit collateral summary, wrap notes and notes receivable summary, schedule of outstanding letters of credit, summary of cash and Cash Equivalents, projection of management and leasing fees and overhead budgets.