NO RELIANCE ON AGENT OR LENDERS. Borrower is a sophisticated owner, operator, developer, manager and investor in real estate and its decision to enter into this Loan is based upon its own independent expert evaluation of the terms, covenants, conditions and provisions of the Loan Documents and such other matters, materials and market conditions and criteria which Borrower and such parties deemed relevant. Borrower and its Affiliates have not relied in entering into this Agreement, the Loan or the other Loan Documents upon any oral or written information, representation, warranty or covenant from Lenders, or any of its representatives, employees, Affiliates or agents other than the representations and warranties, if any, of Lenders contained herein. Borrower, on behalf of itself and its Affiliates, further acknowledges that no employee, agent or representative of Lenders have been authorized to make, and that Borrower and its Affiliates have not relied upon, any statements, representations, warranties or covenants other than those specifically contained in this Agreement and in the other Loan Documents. Without limiting the foregoing, Borrower acknowledges that Lenders have made no representations or warranties as to the Loan or the Premises (including, without limitation, the cash flow of the Premises, the value, marketability, condition or future performance thereof, the existence, status, adequacy or sufficiency of the Leases, the tenancies or occupancies of the Premises, or the sufficiency of the cash flow of the Premises, to pay all amounts which may become due from time to time pursuant to the Loan).
NO RELIANCE ON AGENT OR LENDERS. Each Borrower and Guarantor is a sophisticated owner, operator, developer, manager and investor in real estate, and its decision to enter into the Loan Documents is based upon its own independent expert evaluation of the terms, covenants, conditions and provisions of the Loan Documents and such other matters, materials and market conditions and criteria which Borrower and such parties deemed relevant. Neither any Borrower nor Guarantor have relied in entering into this Agreement, the Loan or the other Loan Documents upon any oral or written information, representation, warranty or covenant from Agent or any Lender, or any of their respective representatives, employees, Affiliates or agents, other than the representations and warranties, if any, of Agent and Lenders contained 49289660
