Common use of Effect of Lease Approval Clause in Contracts

Effect of Lease Approval. No approval of any Tenant Lease by the Lender shall be for any purpose other than to protect the Lender’s security, and to preserve the Lender’s rights under the Loan Documents. No approval by the Lender shall result in a waiver of any Event of Default of the Borrower. In no event shall any approval by the Lender of a lease be a representation of any kind, with regard to the Tenant Lease or its adequacy or enforceability, or the financial capacity of any tenant or guarantor.

Appears in 3 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (Global Growth Trust, Inc.), Construction Loan Agreement (Global Growth Trust, Inc.)

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Effect of Lease Approval. No approval of any Tenant Lease by the Lender shall be for any purpose other than to protect the LenderLxxxxx’s security, security and to preserve the LenderLxxxxx’s rights under the Loan Documents. No approval by the Lender shall result in a waiver of any Event default of Default of the Borrower. In no event shall any approval by the Lender of a lease Lease be a representation of any kind, with regard to the Tenant Lease or its adequacy or enforceability, or the financial capacity of any tenant or guarantor.

Appears in 1 contract

Samples: Loan Agreement (ExchangeRight Income Fund)

Effect of Lease Approval. No approval of any Tenant Lease lease by the Lender Bank shall be for any purpose other than to protect the LenderBank’s security, and to preserve the LenderBank’s rights under the Loan Documents. No approval by the Lender Bank shall result in a waiver of any Event of Default default of the Borrower. In no event shall any approval by the Lender Bank of a lease be a representation of any kind, with regard to the Tenant Lease lease or its adequacy or enforceability, or the financial capacity of any tenant or guarantor.

Appears in 1 contract

Samples: Loan Agreement (Applied Blockchain, Inc.)

Effect of Lease Approval. No approval of any Tenant Lease by the Lender shall be for any purpose other than to protect the LenderXxxxxx’s security, security and to preserve the LenderXxxxxx’s rights under the Loan Documents. No approval by the Lender shall result in a waiver of any Event default of Default of the Borrower. In no event shall any approval by the Lender of a lease Lease be a representation of any kind, with regard to the Tenant Lease or its adequacy or enforceability, or the financial capacity of any tenant or guarantor.

Appears in 1 contract

Samples: Loan Agreement (ExchangeRight Income Fund)

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Effect of Lease Approval. No approval of any Tenant Lease by the Lender shall be for any purpose other than to protect the LenderXxxxxx’s security, security and to preserve the LenderXxxxxx’s rights under the Loan Documents. No approval by the Lender Xxxxxx shall result in a waiver of any Event of Default of the Borrower. In no event shall any approval by the Lender of a lease Lease be a representation of any kind, with regard to the Tenant Lease or its adequacy or enforceability, or the financial capacity of any tenant or guarantor.

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

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