Mortgagee Reliance. Mortgagor acknowledges that Mortgagee and Lenders have examined and relied on the experience of Mortgagor and its general partners, members, principals and (if Mortgagor 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 Mortgagor’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. Mortgagor acknowledges that Mortgagee and Lenders have a valid interest in maintaining the value of the Property so as to ensure that, should Mortgagor default in the repayment of the Debt or the performance of the Other Obligations, Mortgagee can recover the Debt by a sale of the Property.
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Samples: Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (Empire State Realty Trust, Inc.), Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (Empire State Building Associates L.L.C.), Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (Empire State Realty Trust, Inc.)
Mortgagee Reliance. Mortgagor acknowledges that Mortgagee and Lenders have has examined and relied on the experience of Mortgagor and its general partners, members, principals and (if Mortgagor 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 Mortgagor’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. Mortgagor acknowledges that Mortgagee and Lenders have has a valid interest in maintaining the value of the Property so as to ensure that, should Mortgagor default in the payment and/or performance of the Obligations, including the repayment of the Debt or the performance of the Other ObligationsDebt, Mortgagee can recover the Debt by a sale of the Property.
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Samples: Mortgage, Assignment of Leases and Rents and Security Agreement (New York REIT, Inc.), Mortgage, Assignment of Leases and Rents and Security Agreement (Alexanders Inc)
Mortgagee Reliance. Mortgagor acknowledges that Mortgagee and Lenders have has examined and relied on the experience of Mortgagor and its general partners, members, principals and (if Mortgagor 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 Mortgagor’s '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. Mortgagor acknowledges that Mortgagee and Lenders have has a valid interest in maintaining the value of the Property so as to ensure that, should Mortgagor default in the payment and/or performance of the Obligations, including the repayment of the Debt or the performance of the Other ObligationsDebt, Mortgagee can recover the Debt by a sale of the Property.
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Mortgagee Reliance. Mortgagor acknowledges that Mortgagee and the Lenders have examined and relied on the experience of Mortgagor and its general partners, members, principals and (if Mortgagor 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 Mortgagor’s ownership of the Property as a means of maintaining the value of the Property as security for repayment of the Debt payment and the performance of the Other Obligations, including the payment of the Debt. Mortgagor acknowledges that Mortgagee and the Lenders have a valid interest in maintaining the value of the Property so as to ensure that, should Mortgagor default in an Event of Default with respect to the repayment of the Debt or the payment and/or performance of the Other Obligations, including the payment of the Debt, Mortgagee and the Lenders can recover the Debt by a sale of the PropertyProperty in accordance with Section 7.01 hereof.
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Mortgagee Reliance. Mortgagor acknowledges that Mortgagee and Lenders have has examined and relied on the experience of Mortgagor and its general partners, members, principals and (if Mortgagor 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 Mortgagor’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 ObligationsIndebtedness. Mortgagor acknowledges that Mortgagee and Lenders have has a valid interest in maintaining the value of the Property so as to ensure that, should Mortgagor default in the payment and/or performance of the Obligations, including the repayment of the Debt or the performance of the Other ObligationsIndebtedness, Mortgagee can recover the Debt Indebtedness by a sale of the Property.
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Samples: Term Loan Agreement (Hospitality Investors Trust, Inc.)
Mortgagee Reliance. Mortgagor acknowledges that Mortgagee and Lenders Lender have examined and relied on the experience of Mortgagor and its general partners, members, principals and (if Mortgagor is a trust) beneficial owners in owning and operating properties such as the Property in agreeing to make the LoanBuilding Loan , and will continue to rely on Mortgagor’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. Mortgagor acknowledges that Mortgagee and Lenders Lender have a valid interest in maintaining the value of the Property so as to ensure that, should Mortgagor default in the repayment of the Debt or the performance of the Other Obligations, Mortgagee can recover the Debt by a sale of the Property.
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