No Pledge or Loan. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by Lender to any other Holder, or a loan from any Holder to Lender. If any such property or the proceeds thereof shall be applied in reduction of the Mortgage Loan Principal Balance, then each Holder shall be entitled to receive its share of such application in accordance with the terms of this Agreement.
Appears in 4 contracts
Samples: Participation and Servicing Agreement, Participation and Servicing Agreement (Alexanders Inc), Participation and Servicing Agreement (Alexanders Inc)
No Pledge or Loan. This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by any Lender to any other HolderLender, or a loan from any Holder Lender to any other Lender. If any such property or the proceeds thereof shall be applied in reduction of the Mortgage Loan Principal Balance, then each Holder shall be entitled to receive its share of such application in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Agreement Among Lenders and Agent (Behringer Harvard Opportunity REIT I, Inc.)
