Common use of No Reliance on Lender Clause in Contracts

No Reliance on Lender. The general partner of Borrower is 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: Security Agreement (Lodging Fund REIT III, Inc.), Rents and Security Agreement (Lodging Fund REIT III, Inc.)

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No Reliance on Lender. The general partner partners, officers, shareholders, members, principals and/ or other beneficial owners of Borrower is 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: Electro Scientific Industries Inc

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

Appears in 1 contract

Samples: Loan Agreement (Investors Real Estate Trust)

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

Appears in 1 contract

Samples: Loan Agreement (Investors Real Estate Trust)

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