Common use of Lender Not Responsible Clause in Contracts

Lender Not Responsible. Nothing in this Article IX or elsewhere in the Loan Documents shall make Lender responsible for making or completing any work in respect of any Property, or obligate Lender to demand from any Borrower additional sums to make or complete any work.

Appears in 4 contracts

Sources: Mezzanine Loan Agreement (Strategic Hotel Capital Inc), Mezzanine Loan Agreement (Strategic Hotel Capital Inc), Loan Agreement (Strategic Hotel Capital Inc)

Lender Not Responsible. Nothing in this Article IX or elsewhere in the Loan Documents shall make Lender responsible for making or completing any work in respect of any the Property, or obligate Lender to demand from any Borrower additional sums to make or complete any work.

Appears in 3 contracts

Sources: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Colony Resorts LVH Acquisitions LLC), Loan Agreement (Colony Resorts LVH Acquisitions LLC)

Lender Not Responsible. Nothing in this Article IX VII or elsewhere in the Loan Documents shall make Agent or Lender responsible for making or completing any work in respect of any the Property, or obligate Agent or Lender to demand from any Borrower Obligor additional sums to make or complete any work.

Appears in 1 contract

Sources: Loan Agreement (Strategic Hotels & Resorts, Inc)

Lender Not Responsible. Nothing in this Article IX or elsewhere in the Loan Documents shall make Lender responsible for making or completing any work in respect of any Mortgaged Property, or obligate Lender to demand from any Borrower additional sums to make or complete any work.

Appears in 1 contract

Sources: Loan Agreement (Entertainment Properties Trust)

Lender Not Responsible. Nothing in this Article IX or ---------------------- elsewhere in the Loan Documents shall make Lender responsible for making or completing any work in respect of any the Mortgaged Property, or obligate Lender to demand from any Borrower additional sums to make or complete any work.

Appears in 1 contract

Sources: Loan Agreement (Desert Springs Marriott Limited Partnership)