Common use of Lender Reliance Clause in Contracts

Lender Reliance. Borrower acknowledges that Xxxxxx has examined and relied on the creditworthiness of Borrower and experience of Borrower and its partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on Borrower’s ownership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt and the performance of the Other Obligations. Borrower acknowledges that Xxxxxx has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or the performance of the Other Obligations, Xxxxxx can recover the Debt by a sale of the Property.

Lender Reliance. Borrower acknowledges that Xxxxxx Lender has examined and relied on the creditworthiness of Borrower and experience of Borrower and its general partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and and, subject to the terms of the Loan Agreement, will continue to rely on Borrower’s ownership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt and the performance of the Other Obligations. Borrower acknowledges that Xxxxxx Lender has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or the performance of the Other Obligations, Xxxxxx Lender can recover the Debt by a sale of the Property.

Lender Reliance. Borrower acknowledges that Xxxxxx Lender has examined and relied on the creditworthiness of Borrower and experience of Borrower and its general partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on Borrower’s ownership of the Property as a means of maintaining the value of the Property as security for the repayment of the Debt and the performance of the Other Obligations, including the repayment of the Debt. Borrower acknowledges that Xxxxxx Lender has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or and/or the performance of the Other Obligations, Xxxxxx Lender can recover the Debt by a sale of the Property.

Lender Reliance. Borrower Xxxxxxxx acknowledges that Xxxxxx has examined and relied on the creditworthiness of Borrower and experience of Borrower and its general partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on BorrowerXxxxxxxx’s ownership of the Property as a means of maintaining the value of the Property as security for the repayment of the Debt and the performance of the Other Obligations, including the repayment of the Debt. Borrower acknowledges that Xxxxxx has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or and/or the performance of the Other Obligations, Xxxxxx can recover the Debt by a sale of the Property.

Lender Reliance. Each Borrower acknowledges that Xxxxxx has examined and relied on the creditworthiness of Borrower and experience of each Borrower and its general partners, members, principals and (if such Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on Borrower’s Xxxxxxxx's ownership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt and the performance of the Other Obligations. Each Borrower acknowledges that Xxxxxx Lender has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or the performance of the Other Obligations, Xxxxxx Lender can recover the Debt by a sale of the Property.

Lender Reliance. Borrower acknowledges that Xxxxxx has Lendxx xxx examined and relied on the creditworthiness of Borrower and experience of Borrower and its general partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on Borrower’s ownership Borrxxxx'x xwnership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt and the performance of the Other Obligations. Borrower acknowledges that Xxxxxx has Lendxx xxx a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or the performance of the Other Obligations, Xxxxxx can Lendxx xxx recover the Debt by a sale of the Property.

Lender Reliance. Borrower acknowledges that Xxxxxx has examined and relied on the creditworthiness of Borrower and experience of Borrower and its general partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on Borrower’s ownership of the Property as a means of maintaining the value of the Property as security for the payment and performance of the Obligations, including the repayment of the Debt and the performance of the Other ObligationsDebt. Borrower acknowledges that Xxxxxx has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the payment and/or performance of the Obligations, including the repayment of the Debt or the performance of the Other ObligationsDebt, Xxxxxx can recover the Debt by a sale of the Property.

Lender Reliance. Borrower acknowledges that Xxxxxx Lender has examined and relied on the creditworthiness of Borrower and experience of Borrower and its partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on Borrower’s 's ownership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt and the performance of the Other Obligations. Borrower acknowledges that Xxxxxx Lender has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or the performance of the Other Obligations, Xxxxxx Lender can recover the Debt by a sale of the Property.

Lender Reliance. Borrower acknowledges that Xxxxxx has examined and relied on the creditworthiness of Borrower and experience of Borrower and and, to the extent applicable, its general partners, members, principals and (if Borrower is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the Loan, and will continue to rely on Borrower’s Xxxxxxxx's ownership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt and the performance of the Other Obligations. Borrower acknowledges that Xxxxxx has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower default in the repayment of the Debt or the performance of the Other Obligations, Xxxxxx can recover the Debt by a sale of the PropertyProperty pursuant to and in accordance with the terms and conditions set forth herein.