No Reliance on Lender. The officers, members, general partners, employees, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor are, collectively, experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Lender’s expertise, business acumen or advice in connection with the Property.
Appears in 6 contracts
Samples: Security Agreement (Chrysler Group LLC), Guaranty and Security Agreement (General Motors Co), Guaranty and Security Agreement (General Motors Co)
No Reliance on Lender. The officers, members, general partners, employeesmembers, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor areMortgagor, collectivelyas applicable, are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on LenderXxxxxx’s expertise, business acumen or advice in connection with the Property.
Appears in 2 contracts
Samples: Security Agreement and Fixture, Security Agreement and Fixture
No Reliance on Lender. The officers, members, general partners, employees, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor are, collectively, are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Lender’s expertise, business acumen or advice in connection with the Property.
Appears in 1 contract
Samples: Fixture Filing and Security Agreement (FelCor Lodging Trust Inc)
