Sole Benefit. This Deed of Trust and the other Loan Documents have been executed for the sole benefit of the Borrower and the Lender and the successors and assigns of the Lender. No other party shall have rights thereunder or be entitled to assume that the parties thereto will insist upon strict performance of their mutual obligations hereunder, any of which may be waived from time to time. The Borrower shall have no right to assign any of its rights under the Loan Documents to any party whatsoever, except in connection with a Permitted Transfer.
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Samples: Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Security Agreement and Fixture Filing (Consolidated Capital Growth Fund), Deed of Trust, Security Agreement and Fixture Filing (United Investors Income Properties)
Sole Benefit. This Deed of Trust and the other Loan Documents have been executed for the sole benefit of the Borrower and the Lender and the successors and assigns of the Lender. No other party shall have rights thereunder or be entitled to assume that the parties thereto will insist upon strict performance of their mutual obligations hereunder, any of which may be waived from time to time. The Borrower shall have no right to assign any of its rights under the Loan Documents to any party whatsoever, except in connection with a Permitted Transfer.
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing (RREEF Property Trust, Inc.), Deed of Trust, Security Agreement and Fixture Filing (AmREIT, Inc.)
Sole Benefit. This Deed of Trust and the other Loan Documents have been executed for the sole benefit of the Borrower Borrower, the Trustee, Guarantors and the Lender and the successors and assigns of the Lender. No other party shall have rights thereunder or be entitled to assume that the parties thereto will insist upon strict performance of their mutual obligations hereunder, any of which may be waived from time to time. The Neither the Borrower nor Guarantors shall have no any right to assign any of its rights under the Loan Documents to any party whatsoever, except in connection with a Permitted Transfer.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (NNN Apartment REIT, Inc.)
Sole Benefit. This Deed of Trust and the other Loan Documents have been executed for the sole benefit of the Borrower Borrower, the Trustee and the Lender and the successors and assigns of the Lender. No other party shall have rights thereunder or be entitled to assume that the parties thereto will insist upon strict performance of their mutual obligations hereunder, any of which may be waived from time to time. The Borrower shall have no right to assign any of its rights under the Loan Documents to any party whatsoever, except in connection with a Permitted Transfer.
Appears in 1 contract
