Common use of Commercial Purpose Clause in Contracts

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 167 contracts

Samples: Multifamily Note (Resource Apartment REIT III, Inc.), Multifamily Note (Resource Apartment REIT III, Inc.), Multifamily Note (Resource Apartment REIT III, Inc.)

AutoNDA by SimpleDocs

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Borrower solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, family or agricultural household purposes.

Appears in 74 contracts

Samples: Permanent Loan Agreement, Mortgage Note (Clipper Realty Inc.), Multifamily Note

Commercial Purpose. The Borrower represents that the indebtedness evidenced by this Note is being incurred by the Borrower is incurring the Indebtedness solely for the purpose of acquiring or carrying on a business business, professional or commercial enterpriseactivity, and not for personal, family, household, family or agricultural household purposes.

Appears in 41 contracts

Samples: Loan Agreement (Medpace Holdings, Inc.), Discretionary Line of Credit Note (Progressive Corp/Oh/), Revolving Line of Credit Note (Middlesex Water Co)

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness solely for the purpose of carrying on a business or commercial enterprise, and not for consumer, personal, family, household, household or agricultural purposes.

Appears in 5 contracts

Samples: Loan Agreement, Note, Note

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Xxxxxxxx solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 4 contracts

Samples: Memorandum of Understanding, Multifamily Note (Maxus Realty Trust Inc.), Memorandum of Understanding

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Borrower solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, household or agricultural purposes.

Appears in 3 contracts

Samples: Multifamily Note, Multifamily Note, Multifamily Note

Commercial Purpose. The Borrower represents that Borrower is incurring the Indebtedness is being incurred by the Borrower solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, family or agricultural household purposes.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

AutoNDA by SimpleDocs

Commercial Purpose. Maker/Borrower represents that Borrower is incurring the Indebtedness solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 2 contracts

Samples: Demand Promissory Note, Demand Promissory Note

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Borrower solely for the purpose of carrying on a business or busxxxxx xr commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Samples: Multifamily Note (Secured Investment Resources Fund Lp Iii)

Commercial Purpose. The Borrower represents that the indebtedness evidenced by this Note is being incurred by the Borrower is incurring the Indebtedness solely for the purpose of acquiring or carrying on a business business, professional or commercial enterpriseactivity, and not for personal, familyfamily or household purposes. 4817-8901-1599, household, or agricultural purposes.v.5

Appears in 1 contract

Samples: Term Note (Preformed Line Products Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!