No Reliance on Lender. The general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Xxxxxx’s expertise, business acumen or advice in connection with the Property.
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Samples: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing, Mortgage, Assignment of Rents, Security Agreement and Fixture Filing
No Reliance on Lender. The members, general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, Mortgagor are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on Xxxxxx’s Lender's expertise, business acumen or advice in connection with the Property.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Felcor Lodging Trust Inc), Mortgage and Security Agreement (Felcor Lodging Trust Inc)
No Reliance on Lender. The members, general partners, members, principals and (if Mortgagor is a trust) beneficial owners of Mortgagor, as applicable, Mortgagor are experienced in the ownership and operation of properties similar to the Property, and Mortgagor and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Mortgagor is not relying on XxxxxxLender’s expertise, business acumen or advice in connection with the Property.
Appears in 1 contract
