Common use of Disclaimer by Lender Clause in Contracts

Disclaimer by Lender. This Agreement is made for the sole benefit of Borrowers and Lender, and no other person or persons shall have any benefits, rights or remedies under or by reason of this Agreement, or by reason of any actions taken by Lender pursuant to this Agreement. Lender shall not be liable for any debts or claims accruing in favor of any such parties against any Borrower or others or against the Project. Lender, by making the Loan or taking any action pursuant to any of the Loan Documents, shall not be deemed a partner or a joint venturer with any Borrower or any fiduciary of Borrower.

Appears in 4 contracts

Samples: Secured Loan Agreement, Secured Loan Agreement (CNL Healthcare Trust, Inc.), Secured Loan Agreement (CNL Healthcare Trust, Inc.)

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Disclaimer by Lender. This Agreement is made for the sole benefit of Borrowers Borrower and Lender, and no other person or persons shall have any benefits, rights or remedies under or by reason of this Agreement, or by reason of any actions taken by Lender pursuant to this Agreement. Lender shall not be liable for any debts or claims accruing in favor of any such parties party against any Borrower or others or against the Projectothers. Lender, by making the Loan or taking any action pursuant to any of the Loan Documents, shall not be deemed a partner or a joint venturer with any Borrower or any fiduciary of Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Legacy Housing Corp), Loan Agreement (Legacy Housing Corp)

Disclaimer by Lender. (a) This Agreement is made for the sole benefit of Borrowers Borrower and Lender, Lender and no other person or persons party shall have any benefits, rights or remedies under or by reason of this Agreement, or by reason of any actions taken by Lender pursuant to this Agreement. Lender shall not be liable for any debts or claims accruing in favor of any such third parties against any Borrower or others or against the Project. Lender, by making the Loan or taking any action pursuant to any of the Loan Documents, shall not be deemed a partner or a joint venturer with any Borrower or any fiduciary of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Industrial Income Trust Inc.)

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Disclaimer by Lender. This Agreement is made for the sole benefit of Borrowers Borrower and Lender, and no other person or persons shall have any benefits, rights or remedies under or by reason of this Agreement, or by reason of any actions taken by Lender pursuant to this Agreement. Lender shall not be liable for any debts or claims accruing in favor of any such parties against any Borrower Borrowers or others or against the ProjectProjects. Lender, by making the Loan or taking any action pursuant to any of the Loan Documents, shall not be deemed a partner or a joint venturer with any Borrower or any fiduciary of Borrower.

Appears in 1 contract

Samples: Secured Loan Agreement (Adcare Health Systems, Inc)

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