Commercial Loan. Borrower stipulates and warrants that (a) the loan evidenced hereby is a “commercial loan” within the meaning of Section 12-101(c) of the Commercial Law Article of the Annotated Code of Maryland, and (b) all loan proceeds will be used for such commercial loan purpose.
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Samples: Indemnity Deed of Trust Note (Corporate Office Properties Trust), Indemnity Deed of Trust Note (Corporate Office Properties Trust)
Commercial Loan. Borrower stipulates and warrants that (a) the loan evidenced hereby Loan is a “commercial loan” loan within the meaning meanings of Section 12-101(c) 101 et seq. of the Commercial Law Article of the Annotated Code of MarylandMaryland (1990 Repl. Vol., and (b) all loan proceeds will be used for such commercial loan purposeas amended).
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Samples: Promissory Note (Corporate Office Properties Trust)
Commercial Loan. Borrower stipulates and warrants that (a) the loan evidenced hereby by this Note is a “commercial loan” within the meaning of Section 12-101(c) , as such term is used in Title 12 of the Commercial Law Article of the Annotated Code of Maryland, and (b) that all proceeds of such loan proceeds will be used for such solely to acquire or carry on a business or commercial loan purposeenterprise, as those terms are used therein.
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Samples: Promissory Note (Inland Western Retail Real Estate Trust Inc)
Commercial Loan. Borrower hereby stipulates and warrants that (a) the loan evidenced hereby is constitutes a “commercial loan” Commercial Loan within the meaning of Section 12-101(c) Title 12 of the Commercial Law Article of the Annotated Code of Maryland, Maryland and (b) that all proceeds of the loan proceeds will be used for such solely to acquire or carry on a business or commercial loan purposeenterprises, as those terms are used therein.
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Samples: Revolving Line of Credit Note (Fortress International Group, Inc.)
Commercial Loan. Borrower hereby stipulates and warrants that (a) the loan Loan evidenced hereby by the Notes is a “commercial loan” within , as that term is used in the meaning provisions of Section 12-101(c) Title 12 of the Commercial Law Article of the Annotated Code of MarylandMaryland (2013 Replacement Volume, as amended) and (b) all that such loan proceeds will be is being made solely to acquire or carry on a business or commercial enterprise or to any business or commercial organization, as those terms are used for such commercial loan purposetherein.
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Commercial Loan. The Borrower stipulates acknowledges and warrants that (a) the loan debt evidenced hereby by this Promissory Note is a “"commercial loan” " within the meaning of Section 12-101(c) subtitle 1 of Title 12 of the Commercial Law Article of the Annotated Code of Maryland, and Maryland (b) 1990 Rep. Vol.). The Borrower warrants that all loan proceeds will be used for such solely to acquire or carry on a business or commercial loan purposeenterprise.
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