Common use of General Purpose of Loan Clause in Contracts

General Purpose of Loan. The Companies warrant and represent to the Agent, Lenders and all other future owners and holders of the Senior Credit Notes that the Loan and all Advances under it are and will be for business, commercial, investment or other similar purpose and not primarily for personal, family, household or agricultural use, as such terms are used in the Texas Finance Code.

Appears in 3 contracts

Samples: Credit Agreement, Senior Secured Credit Agreement (Homebanc Corp), Senior Secured Credit Agreement (Homebanc Corp)

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General Purpose of Loan. The Companies warrant Company warrants and represent represents to the Agent, Lenders and all other future owners and holders of the Senior Credit Notes that the Loan and all Advances under it are and will be for business, commercial, investment or other similar purpose and not primarily for personal, family, household or agricultural use, as such terms are used in the Texas Finance Code.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Homebanc Corp), Senior Secured Credit Agreement (Sunset Financial Resources Inc)

General Purpose of Loan. The Companies warrant warrants and represent represents to the Agent, Lenders and all other future owners and holders of the Senior Credit Notes that the Loan and all Advances under it are and will be for business, commercial, investment or other similar purpose and not primarily for personal, family, household or agricultural use, as such terms are used in Chapter 1D of the Texas Finance Code.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (American Business Financial Services Inc /De/), Senior Secured Credit Agreement (American Business Financial Services Inc /De/)

General Purpose of Loan. The Companies warrant Company warrants and represent represents to the Agent, Lenders and all other future owners and holders of the Senior Credit Notes that the Loan and all Advances under it are and will be for business, commercial, investment or other similar purpose and not primarily for personal, family, household or agricultural use, as such terms are used in Chapter 1D or in the Texas Finance Code.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Long Beach Financial Corp)

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General Purpose of Loan. The Companies Borrowers warrant and represent to the Agent, Lenders Lender and all other future owners and holders of the Senior Credit Notes Note that the Loan and all Advances under it are and will be for business, commercial, investment or other similar purpose and not primarily for personal, family, household or agricultural use, as such terms are used in the Texas Finance Code.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Fieldstone Investment Corp)

General Purpose of Loan. The Companies warrant Company warrants and represent represents to the Agent, Lenders and all other future owners and holders of the Senior Credit Notes that the Loan and all Advances under it are and will be for business, commercial, investment or other similar purpose and not primarily for personal, family, household or agricultural use, as such terms are used in Chapter One of the Texas Finance Credit Code.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Long Beach Financial Corp)

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