Common use of Lender-Creditor Relationship Clause in Contracts

Lender-Creditor Relationship. The relationship between the Lenders and the Administrative Agent, on the one hand, and Xxxxxxxx, on the other hand, is solely that of lender and creditor. No Secured Party has any fiduciary relationship or duty to Borrower or Borrower Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and Borrower and Borrower Parties by virtue of, any Loan Document or any transaction contemplated therein.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.)

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Lender-Creditor Relationship. The relationship between the Lenders and the Administrative Agent, on the one hand, and XxxxxxxxBorrower, on the other hand, is solely that of lender and creditor. No Secured Party has any fiduciary relationship or duty to Borrower or Borrower Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and Borrower and Borrower Parties by virtue of, any Loan Document Document, the Environmental Indemnity Agreement or any transaction contemplated therein.. LOAN AGREEMENT – Page 92[Heritage Wxxxx]

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Core Properties REIT, Inc.)

Lender-Creditor Relationship. The relationship between the Lenders and the Administrative Agent, on the one hand, and XxxxxxxxBorrower, on the other hand, is solely that of lender and creditor. No Secured Party has any fiduciary relationship or duty to Borrower or Borrower Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and Borrower and Borrower Parties by virtue of, any Loan Document or any transaction contemplated therein.. [Summit Healthcare] 95

Appears in 1 contract

Samples: Loan Agreement (Summit Healthcare REIT, Inc)

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Lender-Creditor Relationship. The relationship between the Lenders and the Administrative Agent, on the one hand, and XxxxxxxxBorrower, on the other hand, is solely that of lender and creditor. No Secured Party has any fiduciary relationship or duty to Borrower or Borrower Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and Borrower and Borrower Parties by virtue of, any Loan Document Document, the Environmental Indemnity Agreement or any transaction contemplated therein.

Appears in 1 contract

Samples: Loan Agreement (NorthStar Healthcare Income, Inc.)

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