Common use of Commercial Loan Clause in Contracts

Commercial Loan. Mortgagor represents and warrants that the loans or other financial accommodations included as Liabilities secured by this Mortgage were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, consumer or household purposes.

Appears in 6 contracts

Samples: Mortgage and Security Agreement (Exactech Inc), Mortgage and Security Agreement (Burlington Coat Factory Warehouse Corp), Construction Loan Agreement (Arvida JMB Partners L P)

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Commercial Loan. Mortgagor represents and warrants that the loans or other financial accommodations included as Liabilities Debt secured by this Mortgage Security Instrument were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, consumer or household purposes.

Appears in 2 contracts

Samples: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing, Mortgage, Assignment of Rents, Security Agreement and Fixture Filing

Commercial Loan. Mortgagor represents and warrants that the loans or Loan and other financial accommodations included as Liabilities in the Loan secured by this the Mortgage were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, residential consumer or household purposes.

Appears in 2 contracts

Samples: Open End Mortgage Deed and Security Agreement (Air Industries Group), Open End Mortgage Deed and Security Agreement (Air Industries Group)

Commercial Loan. Mortgagor represents and warrants that the loans or other financial accommodations included as Liabilities secured by this Mortgage were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, consumer or household purposesinvestment.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Trailer Bridge Inc)

Commercial Loan. Mortgagor represents and warrants that the loans or Loan and other financial accommodations included as Liabilities in the Debt secured by this the Mortgage were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, consumer or household purposes.

Appears in 1 contract

Samples: Open End Mortgage Deed and Security Agreement

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Commercial Loan. Mortgagor represents and warrants that the loans or other financial accommodations included as Liabilities obligations secured by this Mortgage were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, consumer or household purposes.

Appears in 1 contract

Samples: Open End Mortgage (Glimcher Realty Trust)

Commercial Loan. Mortgagor represents and warrants that the loans or Loans and other financial accommodations included as Liabilities Obligations secured by this Mortgage were obtained solely for the purpose of carrying on or acquiring a business or commercial investment and not for residential, consumer or household purposes.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Ep Medsystems Inc)

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