Common use of No Reliance on Lender Clause in Contracts

No Reliance on Lender. The partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 5 contracts

Samples: Security Agreement (Reading International Inc), Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.)

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No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 5 contracts

Samples: Disturbance and Attornment Agreement (American Assets Trust, Inc.), Non Disturbance and Attornment Agreement (American Assets Trust, Inc.), Deed of Trust and Security Agreement (American Assets Trust, Inc.)

No Reliance on Lender. The general partners, officers, shareholders, members, principals and (if Borrower is a trust) and/or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 4 contracts

Samples: Filing and Security Agreement (Manufactured Housing Properties Inc.), Fixture Filing and Security Agreement (Manufactured Housing Properties Inc.), Mortgage and Security Agreement (Manufactured Housing Properties Inc.)

No Reliance on Lender. The partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 3 contracts

Samples: Escrow Agreement (First Potomac Realty Trust), Security Agreement (Westcoast Hospitality Corp), Deed of Trust and Security Agreement (First Potomac Realty Trust)

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Extension Agreement (Unitel Video Inc/De)

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No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Empire Resorts Inc

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property. Section 6.3.

Appears in 1 contract

Samples: Trust and Security Agreement

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