The Property is covered by property, casualty, liability, business interruption, windstorm, flood, earthquake and other applicable Policies as and to the extent, and in compliance with the applicable requirements of Section 5.1.1 and Borrower has not taken (or omitted to take) any action that would impair or invalidate the coverage provided by any such Policies. Item 3.2.11 on Schedule III sets forth, as of the Amendment Cut-Off Date, the Properties with respect to which a Claim under any such policy has been made that is currently pending, outstanding or otherwise remains unsatisfied and would reasonably be expected to have an Individual Material Adverse Effect with respect to the Property.