Common use of Banks’ Sale of Interests in Loan Clause in Contracts

Banks’ Sale of Interests in Loan. Mortgagor recognizes that any Bank may sell and transfer interests in the Loan to one or more participants or assignees and that all documentation, financial statements, appraisals and other data, or copies thereof, relevant to Mortgagor, Borrowers or the Loan, may be exhibited to and retained by any such participant or assignee or prospective participant or assignee, subject, however, to the confidentiality possessions of Section 12.05 of the Loan Agreement.

Banks’ Sale of Interests in Loan. Mortgagor recognizes that any Bank may sell and transfer interests in Mortgagor’s obligations under the Loan to one or more participants or assignees and that all documentation, financial statements, appraisals and other data, or copies thereof, relevant to Mortgagor, Borrowers or Mortgagor’s obligations under the Loan, may be exhibited to and retained by any such participant or assignee or prospective participant or assignee, subject, however, to the confidentiality possessions of Section 12.05 of the Loan Agreement.