Common use of PRIVITY OF CONTRACT Clause in Contracts

PRIVITY OF CONTRACT. This Agreement is being entered into by Lender individually and as agent for all present and future Assignees, and privity of contract is hereby created among Lender and all present and future Assignees, on the one hand, and Borrower, on the other hand.

Appears in 10 contracts

Samples: Mezzanine Loan Agreement (Strategic Storage Trust II, Inc.), Loan Agreement (Strategic Storage Trust II, Inc.), Loan Agreement (Lazard Freres Real Estate Investors LLC)

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PRIVITY OF CONTRACT. This Agreement is being entered into by Lender individually and as agent for all present and future Assignees, and privity of contract is hereby created among Lender and Lender, all present and future Assignees, on the one hand, Assignees and Borrower, on the other hand.

Appears in 7 contracts

Samples: Loan Agreement (First Potomac Realty Trust), Loan Agreement (Silverleaf Resorts Inc), Loan Agreement (Tower Realty Trust Inc)

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