Common use of Confirmations from Owner and Lending Body Clause in Contracts

Confirmations from Owner and Lending Body. ‌ Each of the Owner and the Lending Body confirms that: (a) a default by any party under this agreement will not in itself constitute a default under any Transaction Document (other than this agreement); and (b) a default by any person under any Transaction Document (other than this agreement) will not in itself constitute a default under this agreement.

Confirmations from Owner and Lending Body. ‌ Each of the Owner and the Lending Body confirms that: (a) a default by any party under this agreement will not in itself constitute a default under any Transaction Document (other than this agreement); and (b) a default by any person under any Transaction Document (other than this agreement) will not in itself constitute a default under this agreement.