Common use of Negation of Partnership Clause in Contracts

Negation of Partnership. The relationship between the Borrower and Lender is that of debtor and creditor. Nothing contained in this Agreement will be deemed to create a partnership or joint venture between any of the parties hereto or between Custodian and any other party, or to cause Custodian to be liable or responsible in any way for the actions, liabilities, debts, or obligations of the borrower or any other party.

Appears in 2 contracts

Samples: Custodial Agreement (Plymouth Commercial Mortgage Fund), Custodial Agreement (Plymouth Commercial Mortgage Fund)

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Negation of Partnership. The relationship between the Borrower and the Lender is that of debtor and creditor. Nothing contained in this Modification Agreement will be deemed to create a partnership or joint venture between any of the parties hereto Borrower and the Lender, or between Custodian the Lender and any other party, or to cause Custodian the Lender to be liable or responsible in any way for the actions, liabilities, debts, debts or obligations of the borrower or any other partyBorrower.

Appears in 2 contracts

Samples: Mortgage Loan Modification Agreement (Resources Accrued Mortgage Investors 2 Lp), Mortgage Loan Modification Agreement (High Cash Partners L P)

Negation of Partnership. The relationship between the Borrower and Lender Bank is that of debtor and creditor. Nothing contained in this Agreement will be deemed to create a partnership or joint venture between any of the parties hereto or between Custodian Borrower and any other partythe Bank, or to cause Custodian the Bank to be liable or responsible in any way for the actions, liabilities, debts, or obligations of the borrower or any other partyBorrower.

Appears in 1 contract

Samples: Loan Agreement (Seracare Life Sciences Inc)

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Negation of Partnership. The relationship between the Borrower Borrower, Guarantor and Lender is that of debtor and creditor. Nothing contained in this Agreement will be deemed to create a partnership or joint venture between any of the parties hereto or between Custodian Borrower, Guarantor and any other partyLender, or to cause Custodian Lender to be liable or responsible in any way for the actions, liabilities, debts, or obligations of the borrower or any other partyBorrower and/or Guarantor.

Appears in 1 contract

Samples: Forbearance Agreement (Mego Financial Corp)

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