Companion Interest Holders. The related participation agreement is effective to convey the related Companion Interest to the related Companion Interest Holders and is not intended to be or effective as a loan or other financing secured by the related Mortgaged Property. The Record Holder owes no fiduciary duty or obligation to any Companion Interest Holder pursuant to the applicable participation agreement.
Appears in 4 contracts
Samples: Master Repurchase Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.)
Companion Interest Holders. The related Each participation agreement is effective to convey the related Companion Interest Interests to the related Companion Interest Holders and is not intended to be or effective as a loan or other financing secured by the related Mortgaged PropertyProperty or, if applicable, the related Equity Interests. The Neither the holder of the Participation Interest nor the Record Holder owes no any fiduciary duty or obligation to any Companion Interest Holder pursuant to the applicable participation agreement.
Appears in 3 contracts
Samples: Master Repurchase Agreement (TPG RE Finance Trust, Inc.), Master Repurchase Agreement (Starwood Property Trust, Inc.), Master Repurchase Agreement (Colony NorthStar Credit Real Estate, Inc.)
Companion Interest Holders. The related participation agreement is effective to convey the related Companion Interest Interests to the related Companion Interest Holders and is not intended to be or effective as a loan or other financing secured by the related Mortgaged PropertyProperty or, if applicable, the related Equity Interests. The Neither the holder of the Participation Interest nor the Record Holder owes no any fiduciary duty or obligation to any Companion Interest Holder pursuant to the applicable participation agreement.
Appears in 1 contract
Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)
