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 Note A Holder (or the Master Servicer, Special Servicer, Certificate Administrator, Trust Advisor or Trustee on its behalf) and the Note B Holder as a partnership, association, joint venture or other entity. None of the Holders (or, in the case of the Note A Holder, the Master Servicer, Special Servicer, Certificate Administrator, Trust Advisor or Trustee on its behalf) shall have any obligation whatsoever to offer to any other party the opportunity to purchase notes or interests relating to any future loans originated by either party or their respective Affiliates, and if any such party chooses to offer to another party the opportunity to purchase notes or interests in any future mortgage loans originated by it or its Affiliates, such offer shall be at such purchase price and interest rate as the applicable party chooses in its sole and absolute discretion. No Holder shall have any obligation whatsoever to purchase from the Note A Holder any notes or interests in any future loans originated by the Note A Holder or any of its Affiliates.

Appears in 2 contracts

Samples: Intercreditor Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27), Intercreditor Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27)

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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 Note A Holder (or the Master Servicer, Special Servicer, Certificate Administrator, Trust Advisor Servicer or Trustee on its behalf) and the Note B Holder Holders as a partnership, association, joint venture or other entity. None of the Holders (or, in the case of the Note A Holder, the Master Servicer, Special Servicer, Certificate Administrator, Trust Advisor Servicer or Trustee on its behalf) shall have any obligation whatsoever to offer to any other party the opportunity to purchase notes or interests relating to any future loans originated by either party or their respective Affiliates, and if any such party chooses to offer to another party the opportunity to purchase notes or interests in any future mortgage loans originated by it or its Affiliates, such offer shall be at such purchase price and interest rate as the applicable party chooses in its sole and absolute discretion. No Holder shall have any obligation whatsoever to purchase from the Note A another Holder any notes or interests in any future loans originated by the Note A another Holder or any of its Affiliates.

Appears in 2 contracts

Samples: Intercreditor Agreement (Bank 2019-Bnk17), Intercreditor Agreement (Morgan Stanley Capital I Trust 2019-L2)

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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 Agent, the Note A Holder (or the Master Servicer, Special Servicer, Certificate Administrator, Trust Advisor Servicer or Trustee on its behalf) and the Note B Holder as a partnership, association, joint venture or other entity. None of the Holders (or, in the case nor any Servicer or Trustee on behalf of the Note A Holder, the Master Servicer, Special Servicer, Certificate Administrator, Trust Advisor or Trustee on its behalf) shall have any obligation whatsoever to offer to any other party the opportunity to purchase notes or interests relating to any future loans originated by either party or their respective Affiliates, and if any such party chooses to offer to another party the opportunity to purchase notes or interests in any future mortgage loans originated by it or its Affiliates, such offer shall be at such purchase price and interest rate as the applicable party chooses in its sole and absolute discretion. No Holder shall have any obligation whatsoever to purchase from the Note A another Holder any notes or interests in any future loans originated by the Note A another Holder or any of its Affiliates.

Appears in 1 contract

Samples: Intercreditor Agreement (Bank 2021-Bnk36)

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