No Relender Sample Clauses
The No Relender clause prohibits the lender from transferring or assigning the loan or its associated rights to another party. In practice, this means that the original lender must remain the sole party to the loan agreement, and the borrower will not be required to deal with a new or unknown lender during the term of the loan. This clause provides the borrower with certainty and stability, ensuring that the terms of the loan and the relationship with the lender remain consistent throughout the agreement.
No Relender. Borrower’s primary business activity does not involve, directly or indirectly, providing funds to others, purchasing debt obligations, factoring, or long-term leasing of equipment with no provision for maintenance or repair;