Commercial Loan Transactions. Each of the Lenders acknowledges that the making of its Revolving Loans and the issuance by the Borrower of a Revolving Note to such Lender are in the nature of a commercial loan transaction, and that no such Lender shall assert that such actions are a securities transaction regulated under the Securities Exchange Act, the Securities Act or any other Federal or state securities laws, it being understood that nothing in this Section 14.16 shall limit the rights of the Lenders pursuant to Section 14.01 or 14.03.
Appears in 4 contracts
Samples: Credit Agreement (Host Marriott L P), Credit Agreement (Host Marriott Corp/), Management Agreement (Host Hotels & Resorts L.P.)
Commercial Loan Transactions. Each of the Lenders acknowledges that the making of its Revolving Loans and Term Loans and the issuance by the Borrower of a Revolving Note or Term Note to such Lender are in the nature of a commercial loan transaction, and that no such Lender shall assert that such actions are a securities transaction regulated under the Securities Exchange Act, the Securities Act or any other Federal or state securities laws, it being understood that nothing in this Section 14.16 shall limit the rights of the Lenders pursuant to Section 14.01 or 14.03.
Appears in 2 contracts
Samples: Credit Agreement (Host Hotels & Resorts, Inc.), Credit Agreement (Host Hotels & Resorts L.P.)
Commercial Loan Transactions. Each of the Lenders acknowledges that the making of its Revolving Loans and the issuance by the Borrower of a Revolving Note to such Lender are in the nature of a commercial loan transaction, and that no such Lender shall assert that such actions are a securities transaction regulated under the Securities Exchange Act, the Securities Act or any other Federal or state securities laws, it being understood that nothing in this Section 14.16 shall limit the rights of the Lenders pursuant to Section 14.01 or 14.03.
Appears in 1 contract
Samples: Credit Agreement (Host Marriott L P)
