No Reliance on Mortgagee. The general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Mortgagee’s expertise, business acumen or advice in connection with the Property.
Appears in 3 contracts
Samples: WWP Office (New York REIT, Inc.), Security Agreement (Hospitality Investors Trust, Inc.), Security Agreement (Morgans Hotel Group Co.)
No Reliance on Mortgagee. The general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, Mortgagor are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Mortgagee’s or any Lender’s expertise, business acumen or advice in connection with the Property.
Appears in 3 contracts
Samples: And Rents and Security Agreement (Empire State Realty Trust, Inc.), And Rents and Security Agreement (Empire State Building Associates L.L.C.), And Rents and Security Agreement (Empire State Realty Trust, Inc.)
No Reliance on Mortgagee. The members, general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, Mortgagor are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation -8- of the Property. Mortgagor is not relying on Mortgagee’s expertise, business acumen or advice in connection with the Property.
Appears in 2 contracts
Samples: Security Agreement and Fixture (Blyth Inc), Security Agreement and Fixture (Blyth Inc)
No Reliance on Mortgagee. The members, general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, Mortgagor are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Mortgagee’s expertise, business acumen or advice in connection with the Property.
Appears in 2 contracts
Samples: Security Agreement and Fixture (Blyth Inc), Security Agreement and Fixture (Blyth Inc)
No Reliance on Mortgagee. The general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Mortgagee’s expertise, business acumen or advice in connection with the Property.
Appears in 1 contract
No Reliance on Mortgagee. The general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Mortgagee’s 's expertise, business acumen or advice in connection with the Property.
Appears in 1 contract
No Reliance on Mortgagee. The members, general partners, members, principals and (if any Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, Mortgagors are experienced in the ownership and operation of properties similar to the Property, and Mortgagor Mortgagors and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is Mortgagors are not relying on Mortgagee’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)
No Reliance on Mortgagee. The general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, Mortgagor are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Mortgagee are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Mortgagee’s 's expertise, business acumen or advice in connection with the Property.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust)
