Common use of Business Purposes Clause in Contracts

Business Purposes. The loan evidenced by the Note secured by the Security Instrument and the Other Security Documents (the "Loan") is solely for the business purpose of Borrower, and is not for personal, family, household, or agricultural purposes.

Appears in 23 contracts

Samples: Convertible Promissory Notes (Minrad International, Inc.), Deed to Secure Debt and Security Agreement (Acuity Brands Inc), Mortgage and Security Agreement (Corporate Property Associates 15 Inc)

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Business Purposes. The loan evidenced by the Note secured by the Security Instrument and the Other Security Documents (the "β€œLoan"”) is solely for the business purpose of Borrower, and is not for personal, family, household, or agricultural purposes.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Resource Real Estate Opportunity REIT, Inc.), Deed of Trust and Security Agreement (Innovative Micro Technology Inc)

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Business Purposes. The loan evidenced by the Note secured by the Security Instrument and the Other Security Documents (the "LoanLOAN") is solely for the business purpose of Borrower, and is not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Alexanders Inc)

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