Business Purpose of Loan. Borrower will use the proceeds of the Loan solely for the purpose of carrying on a business or commercial enterprise and not for personal, family or household purposes.
Appears in 14 contracts
Samples: Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Independence Realty Trust, Inc)
Business Purpose of Loan. Borrower will use stipulates and warrants that the purpose of the Loan is for the sole purpose of carrying on or acquiring a business, professional or commercial enterprise. Borrower further stipulates and warrants that all proceeds of the Loan solely will be used for the purpose of carrying on a business said business, professional or commercial enterprise and not for personal, family or household purposesenterprise.
Appears in 9 contracts
Samples: Loan Agreement (RREEF Property Trust, Inc.), Master Loan Agreement (Trinity Place Holdings Inc.), Mezzanine Loan Agreement (Trinity Place Holdings Inc.)
Business Purpose of Loan. Borrower will use the proceeds of the Loan solely for the purpose of carrying on a business or commercial enterprise and not for personal, family family, or household purposes.
Appears in 3 contracts
Samples: Loan Agreement (Trulieve Cannabis Corp.), Loan Agreement (Trulieve Cannabis Corp.), Loan Agreement
Business Purpose of Loan. Borrower will use stipulates and warrants that the proceeds purpose of the Loan solely is for the sole purpose of carrying on or acquiring a business business, professional or commercial enterprise enterprise. Borrower further stipulates and not warrants that all proceeds will be used for personalsaid business, family professional or household purposescommercial enterprise.
Appears in 1 contract
Samples: Deed of Trust and Security Agreement (Behringer Harvard Opportunity REIT I, Inc.)
