No Joint Venture or Partnership; No Third Party Beneficiaries. 25.%2.%3.%4. Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy in common, or joint tenancy relationship between Borrower or Leasehold Pledgor, on the one hand, and Lender, on the other hand, nor to grant Lender any interest in the Collateral other than that of pledgee, beneficiary or lender.
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Samples: Senior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.), Junior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.)
No Joint Venture or Partnership; No Third Party Beneficiaries. 25.%2.%3.%429.%2.%3.%4. Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy in common, or joint tenancy relationship between Borrower or Leasehold PledgorOperating Company, on the one hand, and Lender, on the other hand, nor to grant Lender any interest in the Collateral Property other than that of pledgeemortgagee, beneficiary or lender.
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No Joint Venture or Partnership; No Third Party Beneficiaries. 25.%2.%3.%4. Borrower (a) Xxxxxxxx and Lender Xxxxxx intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy in common, or joint tenancy relationship between Borrower or Leasehold Pledgor, on the one hand, and Lender, on the other hand, Lender nor to grant Lender any interest in the Collateral Property (or any portion thereof) other than that of pledgeemortgagee, beneficiary or lender.. 136 0123905.0782082 4863-1270-3898v11
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