Common use of Commercial Purpose Clause in Contracts

Commercial Purpose. The Borrower warrants and stipulates that the entire amount of the indebtedness evidenced by this Loan will be used for commercial purposes.

Appears in 10 contracts

Samples: Loan Agreement (Phoenix Capital Group Holdings, LLC), Loan Agreement (Phoenix Capital Group Holdings, LLC), Loan Agreement (Phoenix Capital Group Holdings, LLC)

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Commercial Purpose. The Borrower warrants and stipulates that the entire amount of the indebtedness evidenced by this Loan Note will be used for commercial purposes.

Appears in 4 contracts

Samples: Subordinate Master Credit Note (Phoenix Capital Group Holdings I LLC), Subordinate Master Credit Note (Phoenix Capital Group Holdings I LLC), Subordinate Master Revolving Line of Credit Note (Phoenix Capital Group Holdings I LLC)

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