Common use of Lender Not in Control Clause in Contracts

Lender Not in Control. None of the covenants or other provisions contained in the Loan Documents shall or shall be deemed to give any Lender the rights or power to exercise control over the affairs and/or management of a Borrower, any of its Subsidiaries or the Guarantor, the power of any Lender being limited to the right to exercise the remedies provided in the Loan Documents; provided, however, that if any Lender becomes the owner of any stock or other equity interest in any Person, whether through foreclosure or otherwise, such Lender shall be entitled (subject to requirements of law) to exercise such legal rights as it may have by being owner of such stock or other equity interest in such Person.

Lender Not in Control. None of the covenants or other provisions contained in the Loan Credit Documents shall or shall be deemed to to, give any the Lender the rights or power to exercise control over the affairs and/or management of a the Borrower, any of its Subsidiaries or the any Guarantor, the power of any the Lender being limited to the right to exercise the remedies provided in the Loan Credit Documents; provided, however, that if any the Lender becomes the owner of any stock stock, or other equity interest in in, any Person, Person whether through foreclosure or otherwise, such the Lender shall be entitled (subject to requirements of law) to exercise such legal rights as it may have by being owner of such stock stock, or other equity interest in in, such Person.