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) Issuers and Trustee intend that the relationships created hereunder and under the other Financing 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 Issuers and Trustee nor to grant Trustee any interest in the Property other than that of mortgagee, beneficiary, lender, collateral agent, or trustee.

Appears in 2 contracts

Samples: Note Indenture (Kerzner International LTD), Note Indenture (Kerzner International LTD)

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No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower, Agent and Trustee Lenders intend that the relationships created hereunder and under the other Financing Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-tenancy in common, or joint tenancy relationship between Issuers Borrower and Trustee Agent or Lenders nor to grant Trustee Agent or Lender any interest in the Property other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 2 contracts

Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.), Loan Agreement (Black Creek Diversified Property Fund Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower, Lenders and Trustee Administrative Agent intend that the relationships created hereunder and under the other Financing 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 Issuers Borrower and Trustee Administrative Agent or Lenders nor to grant Trustee Administrative Agent or Lenders any interest in the Property Properties other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 2 contracts

Samples: Loan Agreement (Excel Trust, L.P.), Loan Agreement (Excel Trust, L.P.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower and Trustee Agent (on behalf of Lenders) intend that the relationships created hereunder and under the other Financing 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 Issuers and Trustee nor Borrower, Agent and/or any Lender or to grant Trustee Agent and/or any Lender any interest in the Property Properties or Collateral other than that of mortgageesecured party, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 2 contracts

Samples: First Mezzanine Loan Agreement (Clipper Realty Inc.), First Mezzanine Loan Agreement (Clipper Realty Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower and Trustee Agent (on behalf of Lenders) intend that the relationships created hereunder and under the other Financing 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 Issuers and Trustee nor Borrower, Agent and/or any Lender or to grant Trustee Agent and/or any Lender any interest in the Property Properties other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.. 130

Appears in 2 contracts

Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Clipper Realty Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Xxxxxxxx, Administrative Agent and Trustee Xxxxxx intend that the relationships created hereunder and under the other Financing Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-commontenancy‑in‑common, or joint tenancy relationship between Issuers Borrower, Administrative Agent and Trustee Lender nor to grant Trustee Administrative Agent or any Lender any interest in the Property Properties other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 1 contract

Samples: Loan Agreement (Apartment Income REIT, L.P.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Issuers Borrower and Trustee Administrative Agent intend that the relationships created hereunder and under the other Financing Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Issuers Borrower and Trustee Lenders or Administrative Agent nor to grant Trustee Administrative Agent any interest in the Property other than that of mortgagee, beneficiary, lender, collateral agent, mortgagee or trusteebeneficiary on behalf of Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Morgans Hotel Group Co.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers 10.17.1 Borrowers, Administrative Agent, Collateral Agent and Trustee Xxxxxxx intend that the relationships created hereunder and under the other Financing 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 Issuers Borrowers and Trustee Administrative Agent, the Collateral Agent or Lenders nor to grant Trustee Administrative Agent, the Collateral Agent or Lenders any interest in the Property Properties other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower, Security Guarantor, Agent, and Trustee Initial Lender intend that the relationships created hereunder and under the other Financing 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 Issuers Borrower, Security Guarantor, Agent, and Trustee nor Lender or to grant Trustee Agent or Lender any interest in the Property other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 1 contract

Samples: Loan Agreement (Playa Hotels & Resorts N.V.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower and Trustee Agent (on behalf of Lenders) intend that the relationships created hereunder and under the other Financing 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 Issuers and Trustee nor Borrower, Agent and/or any Lender or to grant Trustee Agent and/or any Lender any interest in the Property Properties other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 1 contract

Samples: Loan Agreement (Clipper Realty Inc.)

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No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower and Trustee Financing Parties intend that the relationships created hereunder and under the other Financing 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 Issuers Borrower and Trustee Financing Parties nor to grant Trustee Financing Parties any interest in the Property Properties other than that of mortgagee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 1 contract

Samples: Loan Agreement (Orchard Supply Hardware Stores Corp)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Issuers Borrower and Trustee Administrative Agent intend that the relationships created hereunder and under the other Financing Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Issuers Borrower and Trustee Lenders or Administrative Agent nor to grant Trustee Administrative Agent any interest in the Property other than that of mortgagee, beneficiary, lender, collateral agent, mortgagee or trustee.beneficiary on behalf of the Lenders. 153

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Issuers Borrower and Trustee Administrative Agent intend that the relationships created hereunder and under the other Financing Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Issuers Borrower and Trustee the Lenders or Administrative Agent nor to grant Trustee Administrative Agent any interest in the Property other than that of mortgagee, beneficiary, lender, collateral agent, mortgagee or trusteebeneficiary on behalf of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

No Joint Venture or Partnership; No Third Party Beneficiaries. (a) Issuers Borrower, Administrative Agent and Trustee the Lenders intend that the relationships created hereunder and under the other Financing Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-tenancy in common, or joint tenancy relationship between Issuers Borrower and Trustee Administrative Agent or the Lenders nor to grant Trustee Administrative Agent or the Lenders any interest in the Property Collateral, other than that of mortgageepledgee, beneficiary, beneficiary or lender, collateral agent, or trustee.

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (NRI Real Token Inc.)

No Joint Venture or Partnership; No Third Party Beneficiaries. (aA) Issuers Borrower and Trustee Administrative Agent intend that the relationships created hereunder and under the other Financing Loan Documents be solely that of borrower and lenderlenders. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Issuers Borrower and Trustee Lenders or Administrative Agent nor to grant Trustee Administrative Agent any interest in the Property other than that of mortgagee, beneficiary, lender, collateral agent, mortgagee or trusteebeneficiary on behalf of the Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

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