Common use of Other Business Activities of the Noteholders Clause in Contracts

Other Business Activities of the Noteholders. Each Note B Holder acknowledges that the Note A-1 Holder, Note A-2 Holder or their Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, the Mortgage Loan Borrower or any direct or indirect parent or Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any Affiliate thereof or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower or any Affiliate thereof (each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions of credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 2 contracts

Samples: Agreement Between Noteholders (JPMDB Commercial Mortgage Securities Trust 2016-C2), Agreement Between Noteholders (CSAIL 2016-C6 Commercial Mortgage Trust)

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Other Business Activities of the Noteholders. Each Note B Holder Noteholder acknowledges that the Note A-1 Holder, Note A-2 Holder each other Noteholder or their its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, (i) (a) the Mortgage Loan Borrower or (b) any direct or indirect parent of the Mortgage Loan Borrower or (c) any Affiliate thereofof the Mortgage Loan Borrower or (d) any Affiliate of any direct or indirect parent of the Mortgage Loan Borrower, (ii) any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any Affiliate thereof or any entity that is a of the holder of a preferred equity interest in the Mortgage Loan such debt, or (iii) any Borrower Party or any Affiliate thereof (each, a “Mortgage Loan Borrower Related Party”)Party Affiliate, and receive payments on such other loans or extensions of credit to Mortgage Loan Borrower Related Parties Party Affiliates and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 1 contract

Samples: Agreement Between Noteholders (Benchmark 2018-B5 Mortgage Trust)

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Other Business Activities of the Noteholders. Each The Note B Holder acknowledges that the Note A-1 Holder, Note A-2 A Holder or their its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, the Mortgage Loan Borrower or any direct or indirect parent or Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any Affiliate thereof or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower or any Affiliate thereof (each, a “Mortgage Loan Borrower Related Party”), and receive payments on such other loans or extensions of credit to Mortgage Loan Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 1 contract

Samples: Co Lender Agreement (JPMCC Commercial Mortgage Securities Trust 2016-Jp3)

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