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(i) 201400400 such amounts to the holders of the Pass - Through Certificates (hereinafter defined) as if such distributions were being made on the Note; (iv) Escrow Agent shall pay all Substitute Collateral Fees and Expenses to the appropriate parties in accordance with the Escrow Agreement; and (v) any excess funds remaining after the distributions described in clauses (iii) and (iv) shall be remitted to the Substitute Collateral Borrower. If, prior to the Election Period Deadline, the yield on the actively traded U.S. Treasury obligation having a maturity approximating the average life of the Note declines by fifty (50) basis points or more from the yield at which the Substitute Collateral Make - Whole Premium was initially calculated, Lender shall give written notice within three (3) Business Days of such decline to Borrower (in the case of a Transfer) or the Grantee (in the case of a Sale), as applicable, and the Substitute Collateral Borrower. Upon receipt of such notice, Substitute Collateral Borrower shall be required to deposit or cause to be deposited with Escrow Agent an additional amount equal to the excess of the Substitute Collateral Make -Whole Premium calculated based on the current yield on actively traded U.S. Treasury obligations with a maturity approximating the average life of the Note on the date of such notice over the original Substitute Collateral Make -Whole Premium. Lender shall review the aforesaid yield rated every five (5) Business Days during the Election Period. (h) Borrower agrees to pay or cause to be paid all reasonable fees and expenses (including the applicable Administration Fee and Escrow Fee, and all reasonable legal fees and expenses) incurred by Borrower, Escrow Agent and Lender on behalf of the registered owners of those certain pass - through certificates (each a "Pass- Through Certificate ") issued by Lender in connection with the exercise of the Substitute Collateral Right and/or Debt Assumption Right. In connection with any Sale or Transfer, Borrower shall pay (i) to Escrow Agent, in addition to all other amounts specified hereunder, a fee of $1,500 (the "Escrow Fee ") and (ii) to Lender, in addition to all other amounts specified hereunder, a fee of $2,500 (the "Administration Fee "), in each case, per transaction or series of related transactions closing on the same day or within a thirty (30) day period. Borrower will also pay or cause to be paid the reasonable fees and expenses of special counsel to the Escrow Agent in connection with any Sale or Transfer. 20. Single Purpose Entity /Separateness. Borrower hereby represents and warrants to, and covenants with, Lender that as of the date hereof and until such time as the Debt shall be paid in full: (a) Borrower does not own and will not own any asset or property other than (i) its interest in the Mortgaged Property, (ii) incidental personal property necessary for the ownership or operation of the Mortgaged Property, and (iii) the Cash Collateral, if contributed in accordance with paragraph 19 above.