Common use of Lenders’ Reliance Clause in Contracts

Lenders’ Reliance. Borrower acknowledges that Lender has examined and relied on the creditworthiness and experience of Borrower in owning and operating properties such as the Property in agreeing to make the Loan, and that Lender 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. Borrower acknowledges that 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, Lender can recover the Debt by a sale of the Property.

Lenders’ Reliance. Borrower acknowledges that Lender has examined and relied on the creditworthiness and experience of Borrower in owning and operating properties such as the Property in agreeing to make the Loan, and that Lender 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. Borrower acknowledges that 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, Lender can recover the Debt by a sale of the Property.

Lenders’ Reliance. Each Borrower acknowledges that Lender has examined and relied on the creditworthiness and experience of Borrower Borrowers in owning and operating properties such as the Property in agreeing to make the Loan, and that Lender will continue to rely on Borrower’s Borrowers’ ownership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt. Each Borrower acknowledges that Lender has a valid interest in maintaining the value of the Property so as to ensure that, should Borrower Borrowers default in the repayment of the Debt, Lender can recover the Debt by a sale of the Property.