Common use of No Joint Venture or Partnership; No Third Party Beneficiaries Clause in Contracts

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders and Administrative Agent 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 and Administrative Agent or Lenders nor to grant Administrative Agent or Lenders any interest in the Properties other than that of mortgagee, beneficiary or lender.

Appears in 2 contracts

Samples: Loan Agreement (Excel Trust, L.P.), Loan Agreement (Excel Trust, L.P.)

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No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders Borrower and Administrative Agent (on behalf of Lenders) 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, common or joint tenancy relationship between Borrower and Administrative Borrower, Agent and/or any Lender or Lenders nor to grant Administrative Agent or Lenders and/or any Lender any interest in the Properties other than that of mortgagee, beneficiary or lender.. 130

Appears in 2 contracts

Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Clipper Realty Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders Issuers and Administrative Agent Trustee intend that the relationships created hereunder and under the other Loan Financing 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 Issuers and Administrative Agent or Lenders Trustee nor to grant Administrative Agent or Lenders Trustee any interest in the Properties Property other than that of mortgagee, beneficiary beneficiary, lender, collateral agent, or lendertrustee.

Appears in 2 contracts

Samples: Note Indenture (Kerzner International LTD), Note Indenture (Kerzner International LTD)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders Borrower and Administrative Agent (on behalf of Lenders) 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, common or joint tenancy relationship between Borrower and Administrative Borrower, Agent and/or any Lender or Lenders nor to grant Administrative Agent or Lenders and/or any Lender any interest in the Properties or Collateral other than that of mortgageesecured party, beneficiary or lender.

Appears in 2 contracts

Samples: First Mezzanine Loan Agreement (Clipper Realty Inc.), First Mezzanine Loan Agreement (Clipper Realty Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Agent and Lenders and Administrative Agent 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-tenancy in common, or joint tenancy relationship between Borrower and Administrative Agent or Lenders nor to grant Administrative Agent or Lenders Lender any interest in the Properties Property other than that of mortgagee, beneficiary or lender.

Appears in 2 contracts

Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.), Loan Agreement (Black Creek Diversified Property Fund Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Borrower, Lenders Borrower and Administrative Agent intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lenders or Administrative Agent or Lenders nor to grant Administrative Agent or Lenders any interest in the Properties Property other than that of mortgagee, mortgagee or beneficiary or lenderon behalf of Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Morgans Hotel Group Co.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders Security Guarantor, Agent, and Administrative Agent Initial 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 Borrower, Security Guarantor, Agent, and Administrative Lender or to grant Agent or Lenders nor to grant Administrative Agent or Lenders Lender any interest in the Properties Property other than that of mortgagee, beneficiary or lender.

Appears in 1 contract

Samples: Loan Agreement (Playa Hotels & Resorts N.V.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Borrower, Lenders Borrower and Administrative Agent intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and the Lenders or Administrative Agent or Lenders nor to grant Administrative Agent or Lenders any interest in the Properties Property other than that of mortgagee, mortgagee or beneficiary or lenderon behalf of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower10.17.1 Borrowers, Lenders Administrative Agent, Collateral Agent and Administrative Agent Xxxxxxx 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 Borrowers and Administrative Agent, the Collateral Agent or Lenders nor to grant Administrative Agent, the Collateral Agent or Lenders any interest in the Properties other than that of mortgagee, beneficiary or lender.

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

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No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders Borrower and Administrative Agent Financing Parties 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 and Administrative Agent or Lenders Financing Parties nor to grant Administrative Agent or Lenders Financing Parties any interest in the Properties other than that of mortgagee, beneficiary or lender.

Appears in 1 contract

Samples: Loan Agreement (Orchard Supply Hardware Stores Corp)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Borrower, Lenders Borrower and Administrative Agent intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lenders or Administrative Agent or Lenders nor to grant Administrative Agent or Lenders any interest in the Properties Property other than that of mortgagee, mortgagee or beneficiary or lender.on behalf of the Lenders. 153

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders Borrower and Administrative Agent (on behalf of Lenders) 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, common or joint tenancy relationship between Borrower and Administrative Borrower, Agent and/or any Lender or Lenders nor to grant Administrative Agent or Lenders and/or any Lender any interest in the Properties other than that of mortgagee, beneficiary or lender.

Appears in 1 contract

Samples: Loan Agreement (Clipper Realty Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower, Lenders and Administrative Agent and the Lenders 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-tenancy in common, or joint tenancy relationship between Borrower and Administrative Agent or the Lenders nor to grant Administrative Agent or the Lenders any interest in the Properties Collateral, other than that of mortgageepledgee, beneficiary or lender.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (NRI Real Token Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Borrower, Lenders Borrower and Administrative Agent intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lenders or Administrative Agent or Lenders nor to grant Administrative Agent or Lenders any interest in the Properties Property other than that of mortgagee, mortgagee or beneficiary or lenderon behalf of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

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