No Reliance on Lender. Borrower is experienced in the ownership and operation of properties similar to the Mortgaged Property, and Borrower and Lender have and are relying solely upon Borrower's expertise and business plan in connection with the construction of the Improvements and ownership and operation of the Mortgaged Property. Borrower is not relying on Lender's expertise or business acumen in connection with the Mortgaged Property.
Appears in 3 contracts
Samples: Loan Agreement (Owens Realty Mortgage, Inc.), Construction Loan Agreement (IMH Financial Corp), Loan Agreement (Inland Real Estate Income Trust, Inc.)
No Reliance on Lender. Borrower is experienced in the ownership and operation of properties similar to the Mortgaged Property, Property and Borrower and Lender have and are relying solely upon Borrower's expertise and business plan in connection with the construction of the Improvements and ownership and operation of the Mortgaged Property. Borrower is not relying on Lender's expertise or business acumen in connection with the Mortgaged Property.
Appears in 1 contract
No Reliance on Lender. The Borrower is experienced in the --------------------- ownership and operation of properties similar to the Mortgaged Property, and Borrower and Lender have and are relying solely upon Borrower's expertise and business plan in connection with the construction of the Improvements and ownership and operation of the Mortgaged Property. Borrower is not relying on Lender's expertise or expertise, business acumen or advice in connection with the Mortgaged Property.
Appears in 1 contract
Samples: Variable Interest Rate Deed of Trust (Kilroy Realty Corp)
No Reliance on Lender. Borrower is experienced in the ownership and operation of properties similar to the Mortgaged Property, and Borrower and Lender have and are relying solely upon Borrower's ’s expertise and business plan in connection with the construction of the Improvements and ownership and operation of the Mortgaged Property. Borrower is not relying on Lender's ’s expertise or business acumen in connection with the Mortgaged Property.
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)
