Common use of PURPOSE AND EFFECT OF BONDOWNER REPRESENTATIVE APPROVAL Clause in Contracts

PURPOSE AND EFFECT OF BONDOWNER REPRESENTATIVE APPROVAL. Bondowner Representative’s approval of any matter in connection with the Loan is for the sole purpose of protecting the security and rights of the Bondowner Representative. No such approval will result in a waiver of any default of Borrower. In no event may Bondowner Representative’s approval be a representation of any kind with regard to the matter being approved.

PURPOSE AND EFFECT OF BONDOWNER REPRESENTATIVE APPROVAL. Bondowner Representative’s approval of any matter in connection with the Loan is for the sole purpose of protecting the Issuer’s security and rights of Bondowner Representative and the Bondowner RepresentativeBondholders. No such approval will result in a waiver of any default of Borrower. In no event may Bondowner Representative’s approval be a representation of any kind with regard to the matter being approved.

PURPOSE AND EFFECT OF BONDOWNER REPRESENTATIVE APPROVAL. Bondowner Representative’s approval of any matter in connection with the Loan is shall be for the sole purpose of protecting the Bondowner’s security and rights of the Bondowner Representativerights. No such approval will shall result in a waiver of any default of Borrower. In no event may shall Bondowner Representative’s approval be a representation of any kind with regard to the matter being approved.