Common use of Business Purposes Clause in Contracts

Business Purposes. The loan evidenced by the Notes is solely for the purpose of carrying on or acquiring a business of Grantor, and is not for personal, family, household, or agricultural purposes.

Appears in 2 contracts

Samples: Deed of Trust (Rf Monolithics Inc /De/), Deed of Trust, Security Agreement, Assignment of Rents and Fixture Financing Statement (Rf Monolithics Inc /De/)

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Business Purposes. The loan loans evidenced by the Notes is and other extensions of credit pursuant to the Loan Documents and other agreements evidencing or governing the Secured Obligations are solely for the purpose of carrying on or acquiring a business of Grantor, and is not for personal, family, household, or agricultural purposes.

Appears in 2 contracts

Samples: Credit Agreement (Powersecure International, Inc.), Term Credit Agreement (Powersecure International, Inc.)

Business Purposes. The loan evidenced by the Notes is solely for the business purpose of carrying on or acquiring a business of GrantorBorrower, and is not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, Assignment of Production and Fixture Filing (Cubic Energy Inc)

Business Purposes. The loan evidenced by the Notes is and other extensions of credit pursuant to the Loan Documents and other agreements evidencing or governing the Secured Obligations are solely for the purpose of carrying on or acquiring a business of Grantor, and is not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Samples: Credit Agreement (Powersecure International, Inc.)

Business Purposes. The loan evidenced by the Notes Note is solely for the purpose of carrying on or acquiring a business of Grantor, and is not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Samples: Deed of Trust (Grubb & Ellis Healthcare REIT II, Inc.)

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Business Purposes. The loan evidenced by the Notes Note (the "Loan") is solely for the business purpose of carrying on or acquiring a business of GrantorBorrower, and is not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Samples: Fee and Leasehold Mortgage and Security Agreement (Konover Property Trust Inc)

Business Purposes. The loan evidenced by the Notes Note is solely for the purpose of carrying on or acquiring a business of GrantorBorrower, and is not for personal, family, household, household or agricultural purposes.

Appears in 1 contract

Samples: Loan Agreement (Inland Real Estate Income Trust, Inc.)

Business Purposes. The loan evidenced by the Notes Note is solely for the purpose of carrying on or acquiring a the business of GrantorBorrower, and is not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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