Common use of No Reliance on Lender Clause in Contracts

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 35 contracts

Samples: Security Agreement and Fixture Filing, Security Agreement and Fixture (Moody National REIT I, Inc.), Security Agreement (Inland Real Estate Income Trust, Inc.)

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No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 35 contracts

Samples: Trust and Security Agreement (Koger Equity Inc), Mortgage and Security Agreement (Inland Western Retail Real Estate Trust Inc), Trust and Security Agreement (Glimcher Realty Trust)

No Reliance on Lender. The members, general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 17 contracts

Samples: Mortgage and Security Agreement (Cedar Income Fund LTD /Md/), Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc)

No Reliance on Lender. The members, general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 5 contracts

Samples: Security Agreement, Trust and Security Agreement (Innovative Micro Technology Inc), Restatement Agreement (KBS Real Estate Investment Trust, Inc.)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 5 contracts

Samples: Security Agreement (Reading International Inc), Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Mortgage and Security Agreement (Gladstone Commercial Corp)

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 5 contracts

Samples: Disturbance and Attornment Agreement (American Assets Trust, Inc.), Deed of Trust and Security Agreement (American Assets Trust, Inc.), Non Disturbance and Attornment Agreement (American Assets Trust, Inc.)

No Reliance on Lender. The general partners, officers, shareholders, members, principals and (if Borrower is a trust) and/or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 4 contracts

Samples: Filing and Security Agreement (Manufactured Housing Properties Inc.), Mortgage and Security Agreement (Manufactured Housing Properties Inc.), Fixture Filing and Security Agreement (Manufactured Housing Properties Inc.)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower Borrower, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 3 contracts

Samples: www.sec.gov, Security Agreement and Fixture Filing (Moody National REIT II, Inc.), Security Agreement and Fixture Filing (Moody National REIT II, Inc.)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 3 contracts

Samples: Escrow Agreement (First Potomac Realty Trust), Security Agreement (Westcoast Hospitality Corp), Deed of Trust and Security Agreement (First Potomac Realty Trust)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on LenderXxxxxx’s expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Trust and Security Agreement (Inland American Real Estate Trust, Inc.)

No Reliance on Lender. The members, general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s Xxxxxx's expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Trust and Security Agreement (Corporate Property Associates 15 Inc), Corporate Property Associates 15 Inc

No Reliance on Lender. The general partners, managers, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Deed of Trust and Security Agreement, Deed of Trust and Security Agreement (Maguire Properties Inc)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on LenderXxxxxx’s expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Fidelity National Title Agency (TNP Strategic Retail Trust, Inc.)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower Borrower, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Leases and Rents and Security Agreement (Horizon Group Properties Inc), Horizon Group Properties Inc

No Reliance on Lender. The general partners, members, principals and (if Borrower or Tenant is a trust) beneficial owners of Borrower or Tenant are experienced in the ownership and operation of properties similar to the Property, and Borrower and Tenant and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is and Tenant are not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Glimcher Realty Trust), Mortgage and Security Agreement (Cedar Income Fund LTD /Md/)

No Reliance on Lender. The general partners, managers, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on LenderXxxxxx’s expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Deed of Trust and Security Agreement, Deed of Trust and Security Agreement (Maguire Properties Inc)

No Reliance on Lender. The members, general partners, membersprincipals, principals shareholders, and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Aerc Muirwood (Associated Estates Realty Corp), Security Agreement (Associated Estates Realty Corp)

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No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower Borrower, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on LenderXxxxxx’s expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust), TNP Strategic Retail Trust, Inc.

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower Borrower, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s Xxxxxx's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust)

No Reliance on Lender. The general partners, membersofficers, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Management Agreement (Sl Green Realty Corp)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Propertyproperty.

Appears in 1 contract

Samples: Trust and Security Agreement (First Potomac Realty Trust)

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Extension Agreement (Unitel Video Inc/De)

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property. Section 6.3.

Appears in 1 contract

Samples: Trust and Security Agreement

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertiseLendxx'x xxpertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Trust and Security Agreement (Glimcher Realty Trust)

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Empire Resorts Inc

No Reliance on Lender. The members, general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

No Reliance on Lender. The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower Borrower, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.. Section 4.3

Appears in 1 contract

Samples: Security Agreement and Fixture Filing

No Reliance on Lender. The general partners, shareholders, members, principals and (if Borrower is a trust) or other beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender’s 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

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