Common use of RELIANCE BY LENDER AND ACQUITTANCE Clause in Contracts

RELIANCE BY LENDER AND ACQUITTANCE. Lender may conclusively assume that the statements, facts, information, and representations contained herein and/or in any affidavits, orders, receipts, or other written instrument(s) that are filed with Lender or exhibited to it, are true and correct in all material respects, and Lender may rely thereon without any investigation or inquiry, and any payment made by Lender in reliance thereon shall be a complete release in its favor for all sums so paid.

Appears in 3 contracts

Samples: Business Loan and Security Agreement (Iron Bridge Mortgage Fund, LLC), Loan and Security Agreement (Terra Property Trust, Inc.), Loan and Security Agreement (Terra Secured Income Fund 5, LLC)

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RELIANCE BY LENDER AND ACQUITTANCE. Lender may conclusively assume that the statements, facts, information, and representations contained herein and/or in any affidavits, orders, receipts, or other written instrument(s) that are filed with Lender or exhibited to it, are true and correct in all material respectscorrect, and Lender may rely thereon without any investigation or inquiry, and any payment made by Lender in reliance thereon shall be a complete release in its favor for all sums so paid.

Appears in 1 contract

Samples: Loan Agreement (Mendocino Brewing Co Inc)

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