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: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Moody National REIT I, Inc.), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (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: Open End Mortgage and Security Agreement (Glimcher Realty Trust), Mortgage and Security Agreement (Cedar Shopping Centers Inc), Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement (Behringer Harvard Reit I 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 's expertise, business acumen or advice in connection with the Property.

Appears in 17 contracts

Samples: Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Leasehold Mortgage and Security Agreement (Corporate Property Associates 15 Inc), Deed of Trust and Security Agreement (Corporate Property Associates 15 Inc)

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 6 contracts

Samples: Deed of Trust and Security Agreement, Deed of Trust and Security Agreement (American Assets Trust, Inc.), Deed of Trust and Security Agreement (American Assets 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 expertise, business acumen or advice in connection with the Property.

Appears in 5 contracts

Samples: Mortgage (Deed of Trust), Deed of Trust and Security Agreement (Innovative Micro Technology Inc), Leasehold Mortgage, Assignment of Leases and Rents and Security 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: Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing (Reading International Inc), Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Deed of Trust and Security Agreement (Inland American Real Estate 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: Deed of Trust, Assignment of Leases and Rents, Fixture Filing and Security Agreement (Manufactured Housing Properties Inc.), Deed of Trust, Assignment of Leases and Rents, Fixture Filing and Security Agreement (Manufactured Housing Properties Inc.), Mortgage 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 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: Deed of Trust and Security Agreement (First Potomac Realty Trust), Deed of Trust and 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 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 3 contracts

Samples: Deed of Trust, Guarantor Deed of Trust, Assignment of Leases and Rents, Security Agreement and Guaranty (Horizon Group Properties Inc), Deed of Trust, Assignment of Leases and Rents and Security Agreement (Horizon Group 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: Leasehold Mortgage, Assignment of Rents and Security Agreement, Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Moody National REIT II, Inc.), Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Moody National REIT II, 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: Open End Mortgage and Security Agreement (Cedar Income Fund LTD /Md/), Open End Mortgage and Security Agreement (Glimcher 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: Deed of Trust (TNP Strategic Retail Trust, Inc.), Deed of Trust (TNP Strategic Retail 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: Deed of Trust and Security Agreement (Corporate Property Associates 15 Inc), Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Corporate Property Associates 15 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: Open End Mortgage and Security Agreement (Associated Estates Realty Corp), Open End Mortgage and Security Agreement (Associated Estates 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 LenderXxxxxx’s expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Deed of Trust and Security Agreement (Inland American Real Estate Trust, Inc.), Deed of Trust and Security Agreement (Inland American Real Estate 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 LenderXxxxxx’s expertise, business acumen or advice in connection with the Property.

Appears in 2 contracts

Samples: Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement as Fixture Filing (TNP Strategic Retail Trust, Inc.), Deed of Trust (Glimcher Realty Trust)

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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 (Maguire Properties Inc), Deed of 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: Deed of 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: Consolidation, Modification, Spreader and 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 's expertise, business acumen or advice in connection with the Property.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Entertainment Properties 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 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, 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: Leasehold Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Empire Resorts Inc)

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: Loan 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: 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 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: Deed of Trust, Security Agreement and Fixture Filing (Glimcher Realty Trust)

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