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Common use of Commercial Loan Clause in Contracts

Commercial Loan. The Borrower represents and warrants that the debt evidenced hereby is a commercial loan transaction within the meaning of Sections 12-101(c) and 12-103(e), Commercial Law Article, Annotated Code of Maryland.

Appears in 3 contracts

Samples: Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD)

Commercial Loan. The Borrower represents and warrants that this Promissory Note is the debt evidenced hereby is result of a commercial loan transaction within the meaning of Sections 12-101(c) and 12-103(e), Commercial Law Article, Annotated Code of Maryland, as amended.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (Hemagen Diagnostics Inc)

Commercial Loan. The Borrower represents and warrants that the debt evidenced hereby is a commercial loan transaction within the meaning of Sections 12-101(c103(c) and 12-103(e), Commercial Law Article, Annotated Code of Maryland.

Appears in 1 contract

Samples: Promissory Note (Majestic Companies LTD)

Commercial Loan. The Borrower hereby represents and warrants that the debt evidenced hereby transaction described herein is a commercial loan transaction within the meaning of Sections Section 12-101(c) and 12-103(e), 103(e)(1)(ii) of the Commercial Law Article, Annotated Code of Maryland.

Appears in 1 contract

Samples: Loan Agreement (Fletcher Challenge Forests LTD)