Business Loan. The (i) Loans constitute a business loan transaction and (ii) proceeds of such Loans are to be utilized solely for the purpose of carrying on the business of Mortgagor.
Appears in 2 contracts
Samples: Deed to Secure Debt, Assignment of Leases and Security Agreement (General Housing Inc), Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (General Housing Inc)
Business Loan. The (i) Loans constitute a business loan loans ------------- transaction and (ii) proceeds of such Loans are to be utilized solely for the purpose of carrying on the business of MortgagorTrustor.
Appears in 2 contracts
Samples: Deed of Trust, Assignment of Leases and Rents, and Security Agreement (Mikohn Gaming Corp), Deed of Trust, Assignment of Leases and Rents, and Security Agreement (Mikohn Gaming Corp)
Business Loan. The (i) Loans constitute a business loan ------------- transaction and (ii) proceeds of such Loans are to be utilized solely for the purpose of carrying on the business of Mortgagor.
Appears in 1 contract
Samples: Mortgage, Assignment of Leases and Rents and Security Agreement (Mikohn Gaming Corp)
