Common use of Lender's Reliance on Representations Clause in Contracts

Lender's Reliance on Representations. Manager has executed this Agreement for the purpose of inducing the Lender to make the Loan in accordance with the Loan Agreement and with full knowledge that Lender shall rely upon the representations, warranties and agreements herein contained when making the Loan, and that but for this instrument and the representations, warranties and agreements herein contained, the Lender would not take such actions.

Appears in 3 contracts

Samples: Loan Agreement (Westfield America Inc), Loan Agreement (Westfield America Inc), Loan Agreement (Westfield America Inc)

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Lender's Reliance on Representations. Manager has executed this Agreement for the purpose of inducing the in order to induce Lender to make accept the Mortgage and the Loan in accordance with the Loan Agreement Documents and with full knowledge that Lender shall rely upon the representations, warranties and agreements herein contained when making the Loancontained, and that but for this instrument Assignment and the representations, warranties and agreements herein contained, the Lender would not take such actions.

Appears in 2 contracts

Samples: Assignment of Management Agreement (Moody National REIT I, Inc.), Assignment of Management Agreement (TNP Strategic Retail Trust, Inc.)

Lender's Reliance on Representations. Manager has executed this ------------------------------------ Agreement for the purpose of inducing the Lender to make the Loan Loans in accordance with the Loan Agreement and with full knowledge that Lender shall rely upon the representations, warranties and agreements herein contained when making the LoanLoans, and that but for this instrument and the representations, warranties and agreements herein contained, the Lender would not take such actions.

Appears in 1 contract

Samples: Management Agreement (Westfield America Inc)

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Lender's Reliance on Representations. Manager has executed this Agreement for the purpose of inducing the in order to induce Lender to make accept the Mortgage and the Loan in accordance with the Loan Agreement Documents and with full knowledge that Lender shall rely upon the representations, warranties and agreements herein contained when making the Loancontained, and that but for this instrument and the representations, warranties and agreements herein therein contained, the Lender would not take such actions.

Appears in 1 contract

Samples: Loan Agreement (Winston Hotels Inc)

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