Common use of Relationships With Other Bank Customers Clause in Contracts

Relationships With Other Bank Customers. From time to time, Bank may have business relationships with Borrower’s customers, suppliers, contractors, tenants, partners, members, shareholders, officers, or directors, or with businesses offering products or services similar to those of Borrower, or with persons seeking to invest in, borrow from, or lend to Borrower. Borrower agrees that Bank may extend credit to such parties and take any action it deems necessary to collect the credit, regardless of the effect that such extension or collection of credit may have on Borrower’s financial condition or operations. Borrower further agrees that in no event shall Bank be obligated to disclose to Borrower any information concerning any other Bank customer.

Appears in 2 contracts

Samples: Loan Agreement (Poore Brothers Inc), Indemnity Agreement (Go Daddy Group, Inc.)

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Relationships With Other Bank Customers. From time to time, Bank may have business relationships with Borrower’s customers, suppliers, contractors, members, tenants, partners, members, shareholders, officers, officers or directors, or with businesses offering products or services similar to those of Borrower, or with persons seeking to invest in, borrow from, from or lend to Borrower. Borrower agrees that Bank may extend credit to such parties and may take any action it deems may deem necessary to collect the credit, regardless of the effect that such extension or collection of credit may have on Borrower’s financial condition or operations. Borrower further agrees that in no event shall Bank be obligated to disclose to Borrower any information concerning any other Bank customer.

Appears in 2 contracts

Samples: Construction Loan Agreement (Summit Hotel OP, LP), Construction Loan Agreement (Summit Hotel Properties LLC)

Relationships With Other Bank Customers. From time to time, Bank may have business relationships with Borrower’s 's customers, suppliers, contractors, tenants, partners, members, shareholders, officers, officers or directors, or with businesses offering products or services similar to those of Borrower, or with persons seeking to invest in, borrow from, from or lend to Borrower. Borrower agrees that Bank may extend credit to such parties and may take any action it deems may deem necessary to collect the credit, regardless of the effect that such extension or collection of credit may have on Borrower’s 's financial condition or operations. Borrower further agrees that in no event shall Bank be obligated to disclose to Borrower any information concerning any other Bank customer.

Appears in 1 contract

Samples: Construction Loan Agreement (Newmark Homes Corp)

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Relationships With Other Bank Customers. From time to time, Bank may have business relationships with Borrower’s 's customers, suppliers, contractors, tenants, partners, shareholders, members, shareholders, officers, officers or directors, or with businesses offering products or services similar to those of Borrower, or with persons seeking to invest in, borrow from, from or lend to Borrower. Borrower agrees that Bank may extend credit to such parties and may take any action it deems may deem necessary to collect the credit, regardless of the effect that such extension or collection of credit may have on Borrower’s 's financial condition or operations. Borrower further agrees that in no event shall Bank be obligated to disclose to Borrower any information concerning any other Bank customer.

Appears in 1 contract

Samples: Credit Construction Loan Agreement (Zenith National Insurance Corp)

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