Common use of No Creation of a Partnership or Exclusive Purchase Right Clause in Contracts

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Neither Note Holder shall have any obligation whatsoever to offer to any the other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any either Note Holder chooses to offer to any the other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Neither Note Holder shall have any obligation whatsoever to purchase from any the other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between or among any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No Note Holder None of the Noteholders shall have any obligation whatsoever to offer to any other Note Holder Noteholder the opportunity to purchase a participation Note interest in any future loans originated by such Note Holder Noteholder or its Affiliates Affiliates, and if any Note Holder such Noteholder chooses to offer to any other Note Holder Noteholder the opportunity to purchase a participation Note interest in any future mortgage loans originated by the such Note Holder Noteholder or its their respective Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder the offering Noteholder chooses, in its sole and absolute discretion. No Note Holder Noteholder shall have any obligation whatsoever to purchase from any other Note Holder a participation Noteholder an interest in any future loans originated by such Note Holder Noteholder or its their respective Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other another Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any the other Note Holder Holders a participation interest in any future loans originated by such Note Holder Holders or its their Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any the other Note Holder Holders a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby arrangement between the Note A Holders as and the Note B Holders a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any the other Note Holder Holders the opportunity to purchase a notes or participation interest in interests relating to any future loans originated by such Note Holder or its Affiliates respective Affiliates, and if any Note such Holder chooses to offer to any the other Note Holder Holders the opportunity to purchase a notes or any participation interest interests in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from the other Holders any other Note Holder a notes or participation interest interests in any future loans originated by such Note the other Holder or its respective Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any such Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby arrangement between the Note A Holders as and the Note B Holder a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any the other Note Holder Holders the opportunity to purchase a notes or participation interest in interests relating to any future loans originated by such Note Holder or its Affiliates respective Affiliates, and if any Note such Holder chooses to offer to any the other Note Holder Holders the opportunity to purchase a notes or any participation interest interests in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from the other Holders any other Note Holder a notes or participation interest interests in any future loans originated by such Note the other Holder or its respective Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No Note Holder Senior Noteholder shall have any obligation whatsoever to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such Note Holder Senior Noteholder or its their Affiliates and if any Note Holder Senior Noteholder chooses to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such Note Holder Senior Noteholder or its their Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder Senior Noteholder chooses, in its sole and absolute discretion. No The Note B Holder shall not have any obligation whatsoever to purchase from any other such Senior Noteholder a Note Holder a participation interest in any future loans originated by such Note Holder Senior Noteholder or its their Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No Note Holder Noteholder shall have any obligation whatsoever to offer to any other Note Holder Noteholder the opportunity to purchase a participation Note interest in any future loans originated by such Note Holder Noteholder, as applicable, or its Affiliates Affiliates, and if any Note Holder such Noteholder chooses to offer to any other Note Holder Noteholder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such Note Holder Noteholder or its their respective Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder Noteholder, chooses, in its sole and absolute discretion. No Note Holder Noteholder shall have any obligation whatsoever to purchase from any other Noteholder a Note Holder a participation interest in any future loans originated by such Note Holder other Noteholder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No Senior Note Holder shall have any obligation whatsoever to offer to any other Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such Senior Note Holder or its their Affiliates and if any Senior Note Holder chooses to offer to any other Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such Senior Note Holder or its their Affiliates, such offer shall be at such purchase price and interest rate as such Senior Note Holder chooses, in its sole and absolute discretion. No Each Note B Holder shall not have any obligation whatsoever to purchase from any other such Senior Note Holder a participation Note interest in any future loans originated by such Senior Note Holder or its their Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any the other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Nor Note Holder Holders shall have any obligation whatsoever to purchase from any the other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto hereto, shall be deemed to constitute the relationship created hereby between any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No None of the Note Holder A Holders shall have any obligation whatsoever to offer to any other Note Holder Subordinate Noteholder the opportunity to purchase a participation Note interest in any future loans originated by such any Note A Holder or its Affiliates respective Affiliates, and if any Note A Holder chooses to offer to any other Note Holder Subordinate Noteholder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such Note A Holder or its respective Affiliates, such offer shall be at such purchase price and interest rate as such Note A Holder chooses, in its sole and absolute discretion. No Note Holder Subordinate Noteholder shall have any obligation whatsoever to purchase from any other Note A Holder a participation Note interest in any future loans originated by such Note A Holder or its respective Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by the such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No The Note Holder A Holders shall have any no obligation whatsoever to offer to any other Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such any Note A Holder or its Affiliates and if any a Note A Holder chooses to offer to any other Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such any Note A Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note A Holder chooses, in its sole and absolute discretion. No Each Note B Holder shall not have any obligation whatsoever to purchase from any other Note A Holder a participation Note interest in any future loans originated by such Note A Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any the other Note Holder Holders a participation interest in any future loans originated by such Note Holder Holders or its their Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation any interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation any interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation any interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such any other Note Holder or its Affiliatesan Affiliate thereof.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No The Note A Holder shall not have any obligation whatsoever to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such the Note A Holder or its Affiliates Affiliates, and if any such Note A Holder chooses to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such the Note A Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such the Note A Holder chooses, in its sole and absolute discretion. No The Note B Holder shall not have any obligation whatsoever to purchase from any other the Note A Holder a participation an interest in any future loans originated by such Note A Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other another Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other the another Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other another Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other another Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other another Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other another Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No None of the Note Holder A Holders shall have any obligation whatsoever to offer to any other Note Holder Subordinate Noteholder the opportunity to purchase a participation Note interest in any future loans originated by such any Note A Holder or its Affiliates respective Affiliates, and if any Note A Holder chooses to offer to any other Note Holder Subordinate Noteholder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such Note A Holder or its respective Affiliates, such offer shall be at such purchase price and interest rate as such Note A Holder chooses, in its sole and absolute discretion. No Note Holder Subordinate Noteholder shall have any obligation whatsoever to purchase from any other Note A Holder a participation Note interest in any future loans originated by such Note A Holder or its respective Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No The Note A Holder shall have any no obligation whatsoever to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such the Note A Holder or its Affiliates and if any the Note A Holder chooses to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such the Note A Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such the Note A Holder chooses, in its sole and absolute discretion. No The Note B Holder shall not have any obligation whatsoever to purchase from any other the Note A Holder a participation Note interest in any future loans originated by such the Note A Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No The Note A Holder shall have any no obligation whatsoever to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such the Note A Holder or its their Affiliates and if any the Note A Holder chooses to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such the Note A Holder or its their Affiliates, such offer shall be at such purchase price and interest rate as such the Note A Holder chooses, in its sole and absolute discretion. No The Note B Holder shall not have any obligation whatsoever to purchase from any other the Note A Holder a participation Note interest in any future loans originated by such the Note A Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as the such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between among any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No The Note A Holder shall have any no obligation whatsoever to offer to any other Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such the Note A Holder or its their Affiliates and if any the Note A Holder chooses to offer to any other Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such the Note A Holder or its their Affiliates, such offer shall be at such purchase price and interest rate as such the Note A Holder chooses, in its sole and absolute discretion. No Note B Holder shall have any obligation whatsoever to purchase from any other the Note A Holder a participation Note interest in any future loans originated by such the Note A Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No None of the Note Holder A Holders shall have any obligation whatsoever to offer to any other Note Holder Subordinate Noteholder the opportunity to purchase a participation Note interest in any future loans originated by such any Note Holder A Holder, or its Affiliates respective Affiliates, and if any Note A Holder chooses to offer to any other Note Holder Subordinate Noteholder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such Note A Holder or its respective Affiliates, such offer shall be at such purchase price and interest rate as such Note A Holder chooses, in its sole and absolute discretion. No Note Holder Subordinate Noteholder shall have any obligation whatsoever to purchase from any other Note A Holder a participation Note interest in any future loans originated by such Note A Holder or its respective Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between any of the Note Holders Noteholders as a partnership, association, joint venture or other entity. No The Note A Holder shall have any no obligation whatsoever to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future loans originated by such the Note A Holder or its their Affiliates and if any the Note A Holder chooses to offer to any other the Note B Holder the opportunity to purchase a participation Note interest in any future mortgage loans originated by such the Note A Holder or its their Affiliates, such offer shall be at such purchase price and interest rate as such the Note A Holder chooses, in its sole and absolute discretion. No The Note B Holder shall not have any obligation whatsoever to purchase from any other the Note A Holder a participation Note interest in any future loans originated by such the Note A Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any the other Note Holder Holders the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any a Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.

No Creation of a Partnership or Exclusive Purchase Right. Nothing contained in this Agreement, and no action taken pursuant hereto shall be deemed to constitute the relationship created hereby between the Note Holders as a partnership, association, joint venture or other entity. No Note Holder shall have any obligation whatsoever to offer to any other Note Holder the opportunity to purchase a participation interest in any future loans originated by such Note Holder or its Affiliates and if any Note Holder chooses to offer to any other Note Holder the opportunity to purchase a participation interest in any future mortgage loans originated by such Note Holder or its Affiliates, such offer shall be at such purchase price and interest rate as such Note Holder chooses, in its sole and absolute discretion. No Note Holder shall have any obligation whatsoever to purchase from any other Note Holder a participation interest in any future loans originated by such Note Holder or its Affiliates.