Common use of Disclaimer by Lender; No Joint Venture Clause in Contracts

Disclaimer by Lender; No Joint Venture. Borrower acknowledges, understands and agrees as follows: (a) the relationship between Borrower and Lender is, and shall at all times remain, solely that of borrower and lender, and Lender neither undertakes nor assumes any responsibility for or duty to Borrower to select, review, inspect, supervise, pass judgment upon or inform Borrower of the quality, adequacy or suitability of any matter or thing submitted to Lender for its approval; (b) Lender owes no duty of care to protect Borrower or any other Person against negligent, faulty, inadequate or defective building or construction; and (c) Borrower is not and shall not be an agent of Lender for any purpose and Lender is not a joint venture partner with Borrower in any manner whatsoever. Any approvals granted by Lender for any matters covered under this Loan Agreement shall be narrowly construed to cover only the parties and facts identified in any such approval.

Disclaimer by Lender; No Joint Venture. Borrower acknowledges, understands and agrees as follows: (a) the relationship between Borrower and Lender is, and shall at all times remain, solely that of borrower and lender, and Lender neither undertakes nor assumes any responsibility for or duty to Borrower to select, review, inspect, supervise, pass judgment upon or inform Borrower of the quality, adequacy or suitability of any matter or thing submitted to Lender for its approval; (b) Lender owes no duty of care to protect Borrower or any other Person against negligent, faulty, inadequate or defective building or construction; and (c) Borrower is not and shall not be an agent of Lender for any purpose and purpose. Lender is not a joint venture partner with Borrower in any manner whatsoever. Any approvals granted by Lender for any matters covered under this Loan Agreement Supplement shall be narrowly construed to cover only the parties and facts identified in any such approval.

Disclaimer by Lender; No Joint Venture. Borrower acknowledges, understands and agrees as follows: (a) the The relationship between Borrower and Lender is, and shall at all times remain, solely that of borrower and lender, and Lender neither undertakes nor assumes any responsibility for or duty to Borrower to select, review, inspect, supervise, pass judgment upon or inform Borrower of the quality, adequacy or suitability of any matter or thing submitted to Lender for its approval;. (b) Lender owes no duty of care to protect Borrower or any other Person against negligent, faulty, inadequate or defective building or construction; and. (c) Borrower is not and shall not be an agent of Lender for any purpose and purpose. Lender is not a joint venture partner with Borrower in any manner whatsoever. Any approvals Approvals granted by Lender for any matters covered under this Loan Agreement shall be narrowly construed to cover only the parties and facts identified in any such approval.