Common use of No Creation of a Partnership or Exclusive Purchase Right Clause in Contracts

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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future loans originated by the Senior Noteholder or its Affiliates and if the Senior Noteholder chooses to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the Senior Noteholder a Note interest in any future loans originated by the Senior Noteholder or its Affiliates.

Appears in 7 contracts

Samples: Agreement (Benchmark 2021-B25 Mortgage Trust), Agreement Between Noteholders (CSAIL 2016-C5 Commercial Mortgage Trust), Amended And (Morgan Stanley Capital I Trust 2015-Ubs8)

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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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder Note B Holders or the Note C Holders the opportunity to purchase a Note interest in any future loans originated by the any Senior Noteholder or its Affiliates and if the any Senior Noteholder chooses to offer to the Junior Noteholder a Note B Holder or Note C Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the such Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder Note B Holders and the Note C Holders shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note interest in any future loans originated by the such Senior Noteholder or its Affiliates.

Appears in 6 contracts

Samples: Co Lender Agreement (BBCMS Mortgage Trust 2020-C7), Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2020-C56), Co Lender Agreement (Benchmark 2020-Ig1 Mortgage Trust)

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, Agreement and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby among any of the Noteholders as a partnership, 49 association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder Noteholders the opportunity to purchase a Note note interest in any future loans originated by the any Senior Noteholder or its their Affiliates and if the any Senior Noteholder chooses to offer to the any Junior Noteholder the opportunity to purchase a Note note interest in any future mortgage loans originated by the any Senior Noteholder or its their Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The No Junior Noteholder shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note note interest in any future loans originated by the any Senior Noteholder or its their Affiliates.

Appears in 4 contracts

Samples: Agreement (JPMDB Commercial Mortgage Securities Trust 2018-C8), Agreement (Bank 2018-Bnk11), Agreement (Benchmark 2018-B3 Commercial 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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future loans originated by the any Senior Noteholder or its Affiliates and if the any Senior Noteholder chooses to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the such Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note interest in any future loans originated by the such Senior Noteholder or its Affiliates.

Appears in 4 contracts

Samples: Co Lender Agreement (CSAIL 2017-Cx9 Commercial Mortgage Trust), Co Lender Agreement (UBS Commercial Mortgage Trust 2017-C3), Co Lender Agreement (CSAIL 2017-C8 Commercial 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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note note interest in any future loans originated by the Senior Noteholder or its Affiliates and if the Senior Noteholder chooses to offer to the Junior Noteholder the opportunity to purchase a Note note interest in any future mortgage loans originated by the Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the Senior Noteholder a Note note interest in any future loans originated by the Senior Noteholder or its Affiliates.

Appears in 3 contracts

Samples: Agreement Between Noteholders (Bank of America Merrill Lynch Commercial Mortgage Trust 2017-Bnk3), Agreement Among Noteholders (Wells Fargo Commercial Mortgage Trust 2017-Rb1), Agreement Among Noteholders (BBCMS Mortgage Trust 2017-C1)

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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder Note B Holder the opportunity to purchase a Note interest in any future loans originated by the any Senior Noteholder or its Affiliates and if the any Senior Noteholder chooses to offer to the Junior Noteholder Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the such Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder Note B Holder shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note interest in any future loans originated by the such Senior Noteholder or its Affiliates.

Appears in 3 contracts

Samples: Co Lender Agreement (BBCMS Mortgage Trust 2019-C5), Co Lender Agreement (BBCMS Mortgage Trust 2019-C4), Co Lender Agreement (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 among any of the Senior Noteholders as a partnership, association, joint venture or other entity. The No Senior Noteholder shall have no the obligation whatsoever to offer to the Junior other Senior Noteholder the opportunity to purchase a Note note interest in any future loans originated by the such Senior Noteholder or its Affiliates and if the any Senior Noteholder chooses to offer to the Junior Noteholder other Senior Noteholders the opportunity to purchase a Note note interest in any future mortgage loans originated by the such Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The Junior No Senior Noteholder shall not have any obligation whatsoever to purchase from the other Senior Noteholder Noteholders a Note note interest in any future loans originated by the such Senior Noteholder or its Affiliates.

Appears in 2 contracts

Samples: Agreement Among Noteholders (Wells Fargo Commercial Mortgage Trust 2017-Rb1), Agreement Among Noteholders (BBCMS Mortgage Trust 2017-C1)

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, Agreement and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder Noteholders the opportunity to purchase a Note note interest in any future loans originated by the any Senior Noteholder or its their Affiliates and if the any Senior Noteholder chooses to offer to the any Junior Noteholder the opportunity to purchase a Note note interest in any future mortgage loans originated by the any Senior Noteholder or its their Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The No Junior Noteholder shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note note interest in any future loans originated by the any Senior Noteholder or its their Affiliates.

Appears in 2 contracts

Samples: Agreement Between Noteholders (GS Mortgage Securities Trust 2017-Gs7), Agreement (GS Mortgage Securities Trust 2017-Gs6)

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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder Note A-B Holder the opportunity to purchase a Note interest in any future loans originated by the any Senior Noteholder or its Affiliates and if the any Senior Noteholder chooses to offer to the Junior Noteholder Note A-B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the such Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder Note A-B Holder shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note interest in any future loans originated by the such Senior Noteholder or its Affiliates.

Appears in 2 contracts

Samples: Lender Agreement (BMO 2023-C4 Mortgage Trust), Lender Agreement (BBCMS Mortgage Trust 2022-C18)

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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder Note B Holder the opportunity to purchase a Note interest in any future loans originated by the any Senior Noteholder or its Affiliates and if the any Senior Noteholder chooses to offer to the Junior Noteholder Note B Holder the opportunity to purchase a Note interest in any future mortgage loans originated by the such Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder Note B Holder shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note interest in any future loans originated by the such Senior Noteholder or its Affiliates.

Appears in 1 contract

Samples: Lender Agreement (CSAIL 2018-C14 Commercial Mortgage Trust)

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No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, Agreement and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Noteholders shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note note interest in any future loans originated by the any Senior Noteholder or its their Affiliates and if the any Senior Noteholder chooses to offer to the Junior Noteholder the opportunity to purchase a Note note interest in any future mortgage loans originated by the any Senior Noteholder or its their Affiliates, such offer shall be at such purchase price and interest rate as the such Senior Noteholder chooses, in its sole and absolute discretion. The No Junior Noteholder shall not have any obligation whatsoever to purchase from the any Senior Noteholder a Note note interest in any future loans originated by the any Senior Noteholder or its their Affiliates.

Appears in 1 contract

Samples: Agreement (Benchmark 2021-B31 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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future loans originated by the Senior Noteholder or its Affiliates and if the Senior Noteholder chooses to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the Senior Noteholder a Note interest in any future loans originated by the Senior Noteholder or its Affiliates.

Appears in 1 contract

Samples: Co Lender Agreement (UBS Commercial Mortgage Trust 2017-C2)

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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Note A Holder shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future loans originated by the Senior Noteholder Note A Holder or its Affiliates and if the Senior Noteholder Note A Holder chooses to offer to the any Junior Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Senior Noteholder Note A Holder or its Affiliates, such offer shall be at such purchase price and interest rate as the Senior Noteholder Note A Holder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the Senior Noteholder Note A Holder a Note interest in any future loans originated by the Senior Noteholder Note A Holder or its Affiliates.

Appears in 1 contract

Samples: Agreement (GS Mortgage Securities Trust 2018-Gs10)

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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future loans originated by the Senior Noteholder or its Affiliates and if the Senior Noteholder chooses to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the AGREEMENT BETWEEN NOTEHOLDERS 57199-57/Arizona Retail Portfolio Senior Noteholder a Note interest in any future loans originated by the Senior Noteholder or its Affiliates.

Appears in 1 contract

Samples: Agreement Between Noteholders (CD 2017-Cd6 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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder Note A-1 Holder shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future loans originated by the Senior Noteholder Note A-1 Holder or its Affiliates and if the Senior Noteholder Note A-1 Holder chooses to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Senior Noteholder Note A-1 Holder or its Affiliates, such offer shall be at such purchase price and interest rate as the Senior Noteholder Note A-1 Holder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the Senior Noteholder Note A-1 Holder a Note interest in any future loans originated by the Senior Noteholder Note A-1 Holder or its Affiliates.

Appears in 1 contract

Samples: Agreement (GS Mortgage Securities Trust 2018-Gs10)

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 among any of the Noteholders as a partnership, association, joint venture or other entity. The Senior Noteholder shall have no obligation whatsoever to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future loans originated by the Senior Noteholder or its Affiliates and if the Senior Noteholder chooses to offer to the Junior Noteholder the opportunity to purchase a Note interest in any future mortgage loans originated by the Senior Noteholder or its Affiliates, such offer shall be at such purchase price and interest rate as the Senior Noteholder chooses, in its sole and absolute discretion. The Junior Noteholder shall not have any obligation whatsoever to purchase from the AGREEMENT BETWEEN NOTEHOLDERS 57199.57/ The Bancorp., Inc. Portfolio Senior Noteholder a Note interest in any future loans originated by the Senior Noteholder or its Affiliates.

Appears in 1 contract

Samples: Agreement Between Noteholders (Morgan Stanley Capital I Trust 2017-H1)

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