Common use of No Joint Venture or Partnership; No Third Party Beneficiaries Clause in Contracts

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any Property other than that of beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 20 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.), Loan Agreement (Invitation Homes Inc.)

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No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any the Property other than that of mortgagee, beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than the Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 10 contracts

Samples: Loan Agreement (Washington Prime Group, L.P.), Loan Agreement, Loan Agreement (Terra Tech Corp.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any the Property other than that of mortgagee, beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower (and the Lender Group, the Issuer and the Underwriter Group with respect to Section 9.2(b)) and nothing contained in any Loan Document shall be deemed to confer upon anyone other than the Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 6 contracts

Samples: Loan Agreement (NOVONIX LTD), Loan Agreement (NOVONIX LTD), Loan Agreement (Medalist Diversified REIT, Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any the Property other than that of mortgagee, beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 5 contracts

Samples: Loan Agreement (OVERSTOCK.COM, Inc), Mezzanine Loan Agreement (OVERSTOCK.COM, Inc), Loan Agreement (Medalist Diversified REIT, Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower Borrowers and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, fiduciary, advisor, tenancy-in-common or joint tenancy relationship between Borrower Borrowers and Lender (or any of Lender’s Affiliates) nor to grant Lender (or any of Lender’s Affiliates) any interest in any Property of the Properties other than that of mortgagee, beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower Borrowers and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender and Borrower Borrowers any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 2 contracts

Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.), Loan Agreement (American Finance Trust, Inc)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any Property other than that of beneficiary or lenderLender. (b) The This Agreement and the other Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in any this Agreement or the other Loan Document Documents shall be deemed to confer upon anyone other than Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained herein or therein.

Appears in 2 contracts

Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Group Realty Trust)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower Xxxxxxxx and Lender Xxxxxxx intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower Borrower, on the one hand, and Lender Lenders, on the other hand, nor to grant Lender Lenders any interest in any Property other than that of beneficiary or lender. (b) . The Loan Documents are solely for the benefit of Lender Lenders and Collateral Agent, on the one hand, and Borrower on the other hand, and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender Lenders, Collateral Agent and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Loan Agreement (Vinebrook Homes Trust, Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common in- common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any the Property other than that of mortgagee, beneficiary or lender. (b) The This Agreement and the other Loan Documents are solely for the benefit of Lender and the Borrower and nothing contained in any this Agreement or the other Loan Document Documents shall be deemed to confer upon anyone other than the Lender and the Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.herein or

Appears in 1 contract

Samples: Loan Agreement (Urban Shopping Centers Inc)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower Borrowers and Lender Xxxxxx intend that the relationships created hereunder and under the other Loan Documents be solely that of a borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower Borrowers and Lender nor to grant Lender any interest in any Property of the Properties other than that of mortgagee, beneficiary or lender.. 74 (b) The Loan Documents are solely for the benefit of Lender Xxxxxx and Borrower Borrowers and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender and Borrower Borrowers any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Loan Agreement (GTJ Reit, Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any Property the Collateral other than that of beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than the Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (New York REIT, Inc.)

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No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any Property other than that of beneficiary or lender. (b) . The Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Loan Agreement (American Housing REIT Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower Xxxxxxxx and Lender Xxxxxx intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any Property other than that of beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender Xxxxxx and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Loan Agreement (Vinebrook Homes Trust, Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any Property other than that of beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender the Secured Parties and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender the Secured Parties and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Loan Agreement (Invitation Homes Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in any the Property other than that of mortgagee, beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in any Loan Document shall be deemed to confer upon anyone other than the Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Loan Agreement (Strategic Realty Trust, Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Borrower Borrowers and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower borrowers and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower Borrowers and Lender nor to grant Lender any interest in any Property of the Properties other than that of mortgagee, beneficiary or lender. (b) The Loan Documents are solely for the benefit of Lender and Borrower Borrowers and nothing contained in any Loan Document shall be deemed to confer upon anyone other than Lender and Borrower Borrowers any right to insist upon or to enforce the performance or observance of any of the obligations contained therein.

Appears in 1 contract

Samples: Loan Agreement (Parking REIT, Inc.)

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