Common use of Other Business Activities of the Note Holders Clause in Contracts

Other Business Activities of the Note Holders. Each Note Holder acknowledges that the other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, a Borrower Party, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower, and receive payments on such other loans or extensions of credit to any such party and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 154 contracts

Samples: Agreement Between Note Holders (Wells Fargo Commercial Mortgage Trust 2024-5c1), Agreement Between Note Holders (BMO 2024-5c4 Mortgage Trust), Agreement Between Note Holders (BANK5 Trust 2024-5yr6)

AutoNDA by SimpleDocs

Other Business Activities of the Note Holders. Each Note Holder acknowledges that the other Note Holder Holders or its their Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, a the Mortgage Loan Borrower Partyor any Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower, and receive payments on such other loans or extensions of credit to any such party and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 137 contracts

Samples: Co Lender Agreement (Bank 2024-Bnk47), Co Lender Agreement (BBCMS Mortgage Trust 2024-C26), Co Lender Agreement (BMO 2024-C8 Mortgage Trust)

Other Business Activities of the Note Holders. Each Note Holder acknowledges that the each other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, a the Mortgage Loan Borrower Partyor any Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower, Borrower and receive payments on such other loans or extensions of credit to any such party parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 43 contracts

Samples: Agreement Between Note Holders (Bank 2022-Bnk39), Agreement Between Note Holders (Bank 2021-Bnk38), Agreement Between Note Holders (Bank 2021-Bnk37)

Other Business Activities of the Note Holders. Each Note Holder acknowledges that the each other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, a the Mortgage Loan Borrower or any Borrower Party, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan Borrower, and receive payments on such other loans or extensions of credit to any such party and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 12 contracts

Samples: Agreement Between Note Holders (Benchmark 2024-V8 Mortgage Trust), Agreement Between Note Holders (Bank5 2024-5yr7), Agreement Between Note Holders (Bank5 2024-5yr7)

AutoNDA by SimpleDocs

Other Business Activities of the Note Holders. Each Note Holder acknowledges that the other Note Holder Holders or its their Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, a Borrower Partythe Mortgage Loan Borrowers or any Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower Borrowers or any entity that is a holder of a preferred equity interest in the Mortgage Loan BorrowerBorrowers, and receive payments on such other loans or extensions of credit to any such party and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 6 contracts

Samples: Co Lender Agreement (BBCMS Mortgage Trust 2019-C4), Co Lender Agreement (Benchmark 2019-B12 Mortgage Trust), Co Lender Agreement (CSAIL 2019-C16 Commercial Mortgage Trust)

Other Business Activities of the Note Holders. Each Note Holder acknowledges that the other Note Holder or its Affiliates may make loans or otherwise extend credit to, and generally engage in any kind of business with, a the Borrower Partyor any Affiliate thereof, any entity that is a holder of debt secured by direct or indirect ownership interests in the Mortgage Loan Borrower or any entity that is a holder of a preferred equity interest in the Mortgage Loan BorrowerBorrower (each, a “Borrower Related Party”), and receive payments on such other loans or extensions of credit to any such party Borrower Related Parties and otherwise act with respect thereto freely and without accountability in the same manner as if this Agreement and the transactions contemplated hereby were not in effect.

Appears in 2 contracts

Samples: Agreement Between Noteholders (Citigroup Commercial Mortgage Trust 2016-C2), Agreement Between Noteholders (CSAIL 2016-C6 Commercial Mortgage Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.