We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Commercial Loan Clause in Contracts

Commercial Loan. Borrower acknowledges and warrants that this Note evidences a "commercial loan" and that the proceeds of the Note will be used for the sole purpose of carrying on a business or commercial enterprise and not for personal, family, household or agricultural purposes.

Appears in 6 contracts

Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement (SPYR, Inc.), Revolving Credit Loan Agreement (Kestrel Energy Inc)

Commercial Loan. Borrower acknowledges and warrants that this Note evidences a "commercial loan" and that the proceeds of the Note will be used for the sole purpose of carrying on a supplying the working capital required for Borrower's business or commercial enterprise and not for personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Nevtah Capital Management Corp)