Lender Not in Control Sample Clauses
The "Lender Not in Control" clause establishes that the lender does not assume control or active management over the borrower's business or assets as a result of the lending arrangement. In practice, this means that even if the lender has rights to monitor, inspect, or receive information about the borrower's operations, these rights do not equate to day-to-day decision-making authority or operational control. This clause is important because it helps protect the lender from being deemed a controlling party, which could expose them to additional liabilities or regulatory obligations, and clarifies the boundaries of the lender-borrower relationship.
Lender Not in Control. None of the covenants or other provisions contained in this Agreement or the other Loan Papers shall, or shall be deemed to, give Lender the Right to exercise control over the affairs or management of the Borrower.
Lender Not in Control. None of the covenants or other provisions contained in the Agreement shall, or shall be deemed to, give Lender the right or power to exercise control over the affairs and/or management of Borrower or any Subsidiary, the power of Lender being limited to those rights generally given to Lenders; provided that, if Lender becomes the owner of any stock or other equity interest in Borrower or any Subsidiary whether through foreclosure or otherwise, Lender shall be entitled to exercise such legal rights as it may have by being an owner of such stock, or other equity interest in Borrower or any Subsidiary.
Lender Not in Control. None of the covenants or other provisions contained in this Agreement shall, or shall be deemed to, give Lender the right or power to exercise control over the affairs of Borrower, the power of Lender being limited to the right to exercise the remedies provided in this Article VI and elsewhere in the Loan Documents.
Lender Not in Control. None of the covenants or other provisions contained in this Agreement shall, or shall be deemed to, give Lender the Right to exercise control over the affairs and/or management of Borrower, the power of Lender being limited to the Right to exercise the remedies provided in the other Sections of this Article; provided that, if Lender becomes the owner of any ownership interest of any Person, whether through foreclosure or otherwise, Lender shall be entitled to exercise such legal Rights as it may have by virtue of being an owner of such Person.
Lender Not in Control. None of the covenants or other provisions contained in the Loan Documents shall or shall be deemed to give any Lender the rights or power to exercise control over the affairs and/or management of a Borrower, any of its Subsidiaries or the Guarantor, the power of any Lender being limited to the right to exercise the remedies provided in the Loan Documents; provided, however, that if any Lender becomes the owner of any stock or other equity interest in any Person, whether through foreclosure or otherwise, such Lender shall be entitled (subject to requirements of law) to exercise such legal rights as it may have by being owner of such stock or other equity interest in such Person.
Lender Not in Control. None of the covenants or other provisions contained in the Loan Documents shall or shall be deemed to, give Lender the rights or power to exercise control over the affairs and/or management of Borrower, Guarantor, the power of Lender being limited to the right to exercise the remedies provided in the Loan Documents; provided, however, that if Lender becomes the owner of any ownership interests in any Person, whether through foreclosure or otherwise, Lender shall be entitled (subject to requirements of Law) to exercise such legal rights as it may have by being owner of such Ownership Interests in such Person.
Lender Not in Control. None of the covenants or other provisions contained in this Agreement shall, or shall be deemed to, give Lender the rights or power to exercise control over the
Lender Not in Control. None of the covenants or other provisions contained in this Agreement or in any other Loan Document shall give Lender the right or power to exercise control over the affairs and/or management of Borrower, the Cloobeck Affiliates or any of their respective Affiliates.
Lender Not in Control. None of the covenants or other provisions contained in this Agreement, any Sub-Loan Agreement, or in any Sub-Loan Document shall give Lender the right or power to exercise control over the affairs and/or management of Borrower or Guarantor or either of their Affiliates.