FIRST AMENDMENT TO THE POOLING AND SERVICING AGREEMENT among WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as General Master Servicer, and RIALTO CAPITAL ADVISORS, LLC, as General Special Servicer, and NCB, FSB, as NCB Master Servicer, NCB, FSB, as Co-op Special Servicer, PENTALPHA SURVEILLANCE LLC, as Trust Advisor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator, as Tax Administrator and as Custodian U.S. BANK NATIONAL ASSOCIATION, as Trustee Dated as of September 26, 2013 Commercial Mortgage Pass-Through Certificates Series 2013-C12 FIRST AMENDMENT TO THE POOLING AND SERVICING AGREEMENT

EX-4.1 2 we28959902-ex4_1.htm FIRST AMENDMENT TO THE POOLING AND SERVICING AGREEMENT we28959902-ex4_1.htm
 
EXHIBIT 4.1
 
FIRST AMENDMENT
TO THE POOLING AND SERVICING AGREEMENT
 
among
 
WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC.,
as Depositor,

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as General Master Servicer,

and

RIALTO CAPITAL ADVISORS, LLC,
as General Special Servicer,

and

NCB, FSB,
as NCB Master Servicer,

NCB, FSB,
as Co-op Special Servicer,

PENTALPHA SURVEILLANCE LLC,
as Trust Advisor,

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Certificate Administrator, as Tax Administrator and as Custodian

U.S. BANK NATIONAL ASSOCIATION,
as Trustee
  

 
Dated as of September 26, 2013
 

 
Commercial Mortgage Pass-Through Certificates
Series 2013-C12
 
 
 
 

 
 
 
FIRST AMENDMENT TO THE POOLING AND SERVICING AGREEMENT
 
THIS FIRST AMENDMENT TO THE POOLING AND SERVICING AGREEMENT (this “Amendment”) is hereby executed as of September 26, 2013 among WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., as Depositor (the “Depositor”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as General Master Servicer (the “General Master Servicer”), RIALTO CAPITAL ADVISORS, LLC, as General Special Servicer, (the “General Special Servicer”), NCB, FSB, as NCB Master Servicer (the “NCB Master Servicer”), NCB, FSB, as Co-op Special Servicer (the “Co-op Special Servicer”), PENTALPHA SURVEILLANCE LLC, as Trust Advisor (the “Trust Advisor”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as Certificate Administrator, as Tax Administrator and as Custodian (the “Certificate Administrator”, the “Tax Administrator” and the “Custodian”) and U.S. BANK NATIONAL ASSOCIATION, as Trustee (the “Trustee”).
 
WITNESSETH:
 
WHEREAS, the parties hereto entered into a Pooling and Servicing Agreement, dated as of March 1, 2013 (the “Original Agreement”), under which the Depositor issued its Commercial Mortgage Pass-Through Certificates, Series 2013-C12, and in which the parties wish to amend the Master Servicing Fee Rate with respect to certain mortgage loans listed on Schedule I (Mortgage Loan Schedule) to the Agreement to be consistent with the related prospectus supplement.
 
WHEREAS, the execution of this Amendment is permitted without the consent of the Certificateholders or any of the Non-Serviced Pari Passu Companion Loan Holders pursuant to Sections 12.01(a)(ii) and (iii) to correct, modify or supplement any provision in the Original Agreement which may be inconsistent with any other provision in the Original Agreement or to correct any error or to cause the provisions of the Original Agreement to conform or be consistent with or in furtherance of the statements made in the related prospectus supplement made with respect to the Certificates, the Trust or the Original Agreement.
 
WHEREAS, the parties hereto agree that all the conditions to the execution of this Amendment in accordance with Section 12.01 of the Original Agreement have been satisfied.
 
NOW, THEREFORE, in consideration of the mutual agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each of the undersigned hereby agrees as follows:
 
1.  Defined Terms.  Capitalized terms used herein without definition herein have the respective meanings assigned in or pursuant to the Original Agreement.
 
2.  Amendment to Agreement.
 
(a)    The values in the column entitled “Master Servicing Fee Rate” on Schedule I (Mortgage Loan Schedule) to the Original Agreement are hereby revised so that the values in that column related to the Mortgage Loan Numbers listed on Exhibit A attached hereto and made a part hereof are hereby replaced with the values indicated on Exhibit A hereto.
 
 
 
 

 
 
 
3.  Effect of Amendment.
 
(a)    The parties acknowledge and agree that subject to the provisions of this Amendment, the provisions of the Original Agreement shall remain in full force and effect.
 
(b)    This Amendment, the Original Agreement and the documents delivered in connection herewith and therewith represent the final agreement among the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreement of the parties. There are no unwritten oral agreements among the parties.  This Amendment may not be amended, modified or supplemented except by an instrument in writing executed by the parties hereto.
 
(c)    This Amendment shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns.
 
4.  Execution in Counterparts; Facsimile.  This Amendment may be executed in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument.  Delivery of an executed counterpart of a signature page to this Amendment by facsimile or portable data format (PDF) shall be effective as delivery of a manually executed counterpart of this Amendment.
 
5.  Governing Law.  This Amendment shall be construed in accordance with the internal laws of the State of New York applicable to agreements made and to be performed in said State, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.
 
[SIGNATURE PAGE FOLLOWS]
 

 
 
 

 

 
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first above written.
 
 
  WELLS FARGO COMMERCIAL MORTGAGE SECURITIES, INC., Depositor  
       
       
 
By:
/s/ Anthony J. Sfarra  
    Name: Anthony J. Sfarra  
    Title: President  
       
 
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION, General Master Servicer  
       
       
 
By:
/s/ Joseph Newell III  
    Name: Joseph Newell III   
    Title: Vice President  
       
 
 
  RIALTO CAPITAL ADVISORS, LLC, General Special Servicer  
       
       
 
By:
/s/ Cheryl Baizan  
    Name: Cheryl Baizan  
    Title: CFO  
       
 
 
  NCB, FSB, NCB Master Servicer  
       
       
 
By:
/s/ Casey P. Fannon  
    Name: Casey P. Fannon  
    Title: SVP  
       
 
 
  NCB, FSB, Co-op Special Servicer  
       
       
 
By:
/s/ Casey P. Fannon  
    Name: Casey P. Fannon  
    Title: SVP  
       
 
 

 
 

 
 
 
 
  PENTALPHA SURVEILLANCE LLC, Trust Advisor  
       
       
 
By:
/s/ James Callahan  
    Name: James Callahan  
    Title: Executive Director adn Authorized Signature for Pentalpha Surveilance LLC  
       
 
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION, Certificate Administrator, Tax Administrator, Custodian  
       
       
 
By:
/s/ Stephanie Atwell  
    Name: Stephanie Atwell  
    Title: Vice President  
       
 
 
  U.S. BANK NATIONAL ASSOCIATION, Trustee  
       
       
 
By:
/s/ Christopher J. Nuxoll  
    Name: Christopher J. Nuxoll  
    Title: Vice President  
       
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 
EXHIBIT A
 
Mortgage Loan Numbers
Master Servicing Fee Rate
41
0.08%
59
0.08%
61
0.08%
64
0.08%
70
0.08%
73
0.08%
76
0.08%
77
0.08%
78
0.08%
79
0.08%
80
0.08%
82
0.08%
84
0.08%
86
0.08%
87
0.08%
91
0.08%
92
0.08%
95
0.08%
96
0.08%
97
0.08%
98
0.08%
99
0.08%
100
0.08%