Editor's note: This story was updated to reflect the recent news event of a fire at the iconic landmark. It was originally published in the May/June 2017 issue of National Geographic History Magazine.
On Wednesday, November 4, the United States officially withdraws from the Paris Agreement, the landmark international accord to keep climate change in check and limit future greenhouse gas emissions.
Pari passu ensures equal treatment of investors in bankruptcy and real estate payouts. In real estate, pari passu distributes profits equally and at the same time via waterfall structures. CMBS use ...
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