Common use of No Reliance on Lender Clause in Contracts

No Reliance on Lender. The general partners, 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: Mortgage and Security Agreement (Wellsford Real Properties Inc)

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

Appears in 1 contract

Samples: Trust and Security Agreement (Ventas Inc)

No Reliance on Lender. The members, general partners, 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: Deed of Trust and Security Agreement (Global Geophysical Services Inc)

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No Reliance on Lender. The members, general partners, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership ownership, leasing 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: And Consolidated Mortgage and Security Agreement (Alexanders Inc)

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