No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Noteholders as a partnership, association, joint venture or other entity. None of the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder shall have any obligation whatsoever to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future loans originated by the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder, as applicable, or its Affiliates, and if such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder chooses to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder, as applicable, chooses, in its sole and absolute discretion. No Subordinate Noteholder shall have any obligation whatsoever to purchase from either the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder a Note interest in any future loans originated by such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder, the Note A-2-B Holder or their respective Affiliates.
Appears in 5 contracts
Samples: Agreement Between Noteholders (DBGS 2018-C1 Mortgage Trust), Agreement Between Noteholders (Bank 2018-Bnk11), Agreement Between Noteholders (Morgan Stanley Capital I Trust 2018-L1)
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Noteholders as a partnership, association, joint venture or other entity. None of the Note A-1-A 1 Holder, the Note A-1-B 2 Holder, the Note A-2-A 1 Holder, the Note A-2-2 Holder or the Note A-2-B 3 Holder shall have any obligation whatsoever to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future loans originated by the Note A-1-A 1 Holder, the Note A-1-B 2 Holder, the Note A-2-A 1 Holder, the Note A-2-2 Holder or the Note A-2-B 3 Holder, as applicable, or its Affiliates, and if such Note A-1-A 1 Holder, the Note A-1-B 2 Holder, the Note A-2-A Holder or 1 Holder, the Note A-2-B 2 Holder or Note A-2-3 Holder chooses to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-1-A 1 Holder, the Note A-1-B 2 Holder, the Note A-2-A 1 Holder, the Note A-2-2 Holder or the Note A-2-B 3 Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note A-1-A 1 Holder, the Note A-1-B 2 Holder, the Note A-2-A 1 Holder, the Note A-2-2 Holder or the Note A-2-B 3 Holder, as applicable, chooses, in its sole and absolute discretion. No Subordinate Noteholder shall have any obligation whatsoever to purchase from either the Note A-1-A 1 Holder, the Note A-1-B 2 Holder, the Note A-2-A 1 Holder, the Note A-2-2 Holder or the Note A-2-B 3 Holder a Note interest in any future loans originated by such Note A-1-A 1 Holder, the Note A-1-B 2 Holder, the Note A-2-A 1 Holder, the Note A-2-B 2 Holder, the Note A-2-3 Holder or their respective Affiliates.
Appears in 5 contracts
Samples: Agreement Between Noteholders (Wells Fargo Commercial Mortgage Trust 2018-C46), Agreement Between Noteholders (Wells Fargo Commercial Mortgage Trust 2018-C48), Agreement (Bank 2018-Bnk12)
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Noteholders as a partnership, association, joint venture or other entity. None of the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder Holders or the Note A-2-B A-2 Holder shall have any obligation whatsoever to offer to any Subordinate Fixed Rate Noteholder the opportunity to purchase a Note interest in any future loans originated by the any Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder, as applicable, A-2 Holder or its respective Affiliates, and if such any Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B A-2 Holder chooses to offer to any Subordinate Fixed Rate Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B A-2 Holder or their its respective Affiliates, such offer shall be at such purchase price and interest rate as the such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B Holder, as applicable, A-2 Holder chooses, in its sole and absolute discretion. No Subordinate Fixed Rate Noteholder shall have any obligation whatsoever to purchase from either the any Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B A-2 Holder a Note interest in any future loans originated by such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder, the Note A-2-B Holder or their Note A-2 Holder or its respective Affiliates.
Appears in 4 contracts
Samples: Agreement Between Noteholders (DBJPM 2020-C9 Mortgage Trust), Agreement Between Noteholders (Benchmark 2020-B18 Mortgage Trust), Agreement Between Noteholders (Benchmark 2020-B19 Mortgage Trust)
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Noteholders as a partnership, association, joint venture or other entity. None of the The Note A-1-A A-1 Holder, the Note A-1-B Holder, A-2 Holder and the Note A-2-A Holder or the Note A-2-B A-3 Holder shall have any no obligation whatsoever to offer to any Subordinate Noteholder Note B Holder the opportunity to purchase a Note interest in any future loans originated by the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder and the Note A-3 Holder or their Affiliates and if the Note A-1 Holder, the Note A-2-A A-2 Holder or the Note A-2-B Holder, as applicable, or its Affiliates, and if such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B A-3 Holder chooses to offer to any Subordinate Noteholder Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-1-A A-1 Holder, the Note A-1-B Holder, the Note A-2-A A-2 Holder or the Note A-2-B A-3 Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note A-1-A A-1 Holder, the Note A-1-B Holder, the Note A-2-A A-2 Holder or the Note A-2-B Holder, as applicable, A-3 Holder chooses, in its sole and absolute discretion. No Subordinate Noteholder Note B Holder shall have any obligation whatsoever to purchase from either the Note A-1-A A-1 Holder, the Note A-1-B Holder, the Note A-2-A A-2 Holder or the Note A-2-B A-3 Holder a Note interest in any future loans originated by such the Note A-1-A A-1 Holder, the Note A-1-B Holder, A-2 Holder or the Note A-2-A Holder, the Note A-2-B A-3 Holder or their respective Affiliates.
Appears in 3 contracts
Samples: Agreement Between Noteholders (JPMCC Commercial Mortgage Securities Trust 2017-Jp6), Agreement (JPMCC Commercial Mortgage Securities Trust 2017-Jp7), Agreement (DBJPM 2017-C6 Mortgage Trust)
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Noteholders as a partnership, association, joint venture or other entity. None of the The Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A Holder or A-3 Holder, the Note A-2-B A-4 Holder and the Note A-5 Holder shall have any no obligation whatsoever to offer to any Subordinate Noteholder the Note B Holder the opportunity to purchase a Note interest in any future loans originated by the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder and the Note A-5 Holder or their Affiliates and if the Note A-1 Holder, the Note A-2 Holder, the Note A-3 Holder, the Note A-4 Holder or the Note A-2-B Holder, as applicable, or its Affiliates, and if such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B A-5 Holder chooses to offer to any Subordinate Noteholder the Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B A-5 Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B Holder, as applicable, A-5 Holder chooses, in its sole and absolute discretion. No Subordinate Noteholder The Note B Holder shall not have any obligation whatsoever to purchase from either the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B A-5 Holder a Note interest in any future loans originated by such the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-2-B A-4 Holder or the Note A-5 Holder or their respective Affiliates.
Appears in 3 contracts
Samples: Agreement Between Noteholders (JPMCC Commercial Mortgage Securities Trust 2017-Jp6), Agreement Between Noteholders (JPMCC Commercial Mortgage Securities Trust 2017-Jp5), Agreement Between Noteholders (JPMDB Commercial Mortgage Securities Trust 2016-C4)
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Noteholders as a partnership, association, joint venture or other entity. None of The Note A-1 Holder and the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A Holder or the Note A-2-B A-2 Holder shall have any no obligation whatsoever to offer to any Subordinate Noteholder the Note B Holder the opportunity to purchase a Note interest in any future loans originated by the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A A-1 Holder or the Note A-2-B Holder, as applicable, A-2 Holder or its Affiliates, their Affiliates and if such Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A A-1 Holder or the Note A-2-B A-2 Holder chooses to offer to any Subordinate Noteholder Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A A-1 Holder or the Note A-2-B A-2 Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A A-1 Holder or the Note A-2-B Holder, as applicable, A-2 Holder chooses, in its sole and absolute discretion. No Subordinate Noteholder The Note B Holder shall not have any obligation whatsoever to purchase from either the Note A-1-A Holder, the Note A-1-B Holder, the Note A-2-A A-1 Holder or the Note A-2-B A-2 Holder a Note interest in any future loans originated by such Note A-1-A Holder, the Note A-1-B HolderA-1 Holder or Note A-2 Holder or their Affiliates, and if the Note A-2-A Holder, B Holder chooses to offer to Note A-1 Holder or Note A-2 Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-2-B Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note B Holder chooses, in its sole and absolute discretion.
Appears in 2 contracts
Samples: Agreement (Citigroup Commercial Mortgage Trust 2018-C5), Agreement (Wells Fargo Commercial Mortgage Trust 2018-C45)
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Noteholders as a partnership, association, joint venture or other entity. None of the The Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, Note A-4 Holder or the and Note A-2-B A-5 Holder shall have any no obligation whatsoever to offer to any Subordinate Noteholder the Note B Holder the opportunity to purchase a Note interest in any future loans originated by the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B Holder, as applicable, A-5 Holder or its Affiliates, their Affiliates and if such the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B A-5 Holder chooses to offer to any Subordinate Noteholder the Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B A-5 Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B Holder, as applicable, A-5 Holder chooses, in its sole and absolute discretion. No Subordinate Noteholder The Note B Holder shall not have any obligation whatsoever to purchase from either the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder or the Note A-2-B A-5 Holder a Note an interest in any future loans originated by such the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-2-B A-4 Holder or the Note A-5 Holder or their respective Affiliates.
Appears in 2 contracts
Samples: Agreement Between Noteholders (Wells Fargo Commercial Mortgage Trust 2019-C50), Agreement Between Noteholders (BBCMS Mortgage Trust 2019-C3)
No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Noteholders as a partnership, association, joint venture or other entity. None of the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder or the Note A-2-B A-7 Holder shall have any obligation whatsoever to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future loans originated by the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder or the Note A-2-B A-7 Holder, as applicable, or its Affiliates, and if such Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, Note A-4 Holder, Note A-5 Holder, Note A-6 Holder or the Note A-2-B A-7 Holder chooses to offer to any Subordinate Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder or the Note A-2-B A-7 Holder or their respective Affiliates, such offer shall be at such purchase price and interest rate as the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder or the Note A-2-B A-4 Holder, as applicable, chooses, in its sole and absolute discretion. No Subordinate Noteholder shall have any obligation whatsoever to purchase from either any of the Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-4 Holder, the Note A-5 Holder, the Note A-6 Holder or the Note A-2-B A-7 Holder a Note interest in any future loans originated by such Note A-1-A A-1 Holder, the Note A-1-B A-2 Holder, the Note A-2-A A-3 Holder, the Note A-2-B A-4 Holder, the Note A-5 Holder, the Note A-6 Holder, the Note A-7 Holder or their respective Affiliates.
Appears in 1 contract
