Common use of Lender Reliance Clause in Contracts

Lender Reliance. Lender shall have no duty to confirm, inquire or determine whether a Mezzanine Event of Default has occurred. Lender may rely on any notice it believes in good faith to be genuine and given by Mezzanine Lender.

Appears in 6 contracts

Sources: Loan Agreement (Sunstone Hotel Investors, Inc.), Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Wyndham International Inc)

Lender Reliance. Lender shall have no duty to confirm, inquire or determine whether a Mezzanine A Event of Default has occurred. Lender may rely on any notice it believes in good faith to be genuine and given by Mezzanine A Lender.

Appears in 2 contracts

Sources: Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (KBS Real Estate Investment Trust, Inc.)

Lender Reliance. Lender shall have no duty to confirm, inquire or determine whether a Mezzanine Event of Default has occurred. Lender may rely on any notice it believes in good faith to be genuine and given by Mezzanine Lender▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇.

Appears in 1 contract

Sources: Loan Agreement (Sotherly Hotels Lp)

Lender Reliance. Lender shall have no duty to confirm, inquire or determine whether a Mezzanine Event of Default has occurred. Lender may rely on any notice it believes in good faith to be genuine and given by Mezzanine Lender.

Appears in 1 contract

Sources: Loan Agreement (Capital Lodging)