Common use of Investment Purposes Clause in Contracts

Investment Purposes. For purposes of determining if an asset is held for Investment Purposes, the following applies. Real estate is not considered to be held for Investment Purposes by the undersigned if it is used by the undersigned or a Related Person, as described below, for personal purposes or as a place of business, or in connection with the conduct of the trade or business of the undersigned or a Related Person, provided that real estate owned by the undersigned who is engaged primarily in the business of investing, trading or developing real estate in connection with such business may be deemed to be held for Investment Purposes. Residential real estate is not deemed to be used for personal purposes if deductions with respect to such real estate are not disallowed by Section 280A of the Code. A Commodity Interest or Physical Commodity owned, or a financial contract entered into, by the undersigned who is engaged primarily in the business of investing, reinvesting, or trading in Commodity Interests, Physical Commodities or financial contracts in connection with such business may be deemed to be held for Investment Purposes. The term “Related Person” means a person who is related to the undersigned as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the undersigned, or is a spouse of such descendant or ancestor, provided that, in the case of a Family Company, a Related Person includes any owner of the Family Company and any person who is a Related Person of such owner.

Investment Purposes. For purposes of determining if an asset is held for Investment Purposes, the definition of “Investment” the following applies. Real estate is not considered to be held for Investment Purposes by the undersigned an Investor if it is used by the undersigned Investor or a Related Person, as described defined below, for personal purposes or as a place of business, or in connection with the conduct of the trade or business of the undersigned Investor or a Related Person, provided that real estate owned by the undersigned who an Investor that is engaged primarily in the business of investing, trading or developing real estate in connection with such business may be deemed to be held for Investment Purposes. Residential real estate is not deemed to be used for personal purposes if deductions with respect to such real estate are not disallowed by Section 280A of the Code. A Commodity Interest or Physical Commodity owned, or a financial contract entered into, by the undersigned who an Investor that is engaged primarily in the business of investing, reinvesting, or trading in Commodity Interests, Physical Commodities or financial contracts in connection with such business may be deemed to be held for Investment Purposes. The term “Related Person” generally means a person who is related to the undersigned Investor as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the undersignedInvestor, or is a spouse of such descendant or ancestor, provided that, in the case of a Family Company, a Related Person includes any owner of the Family Company and any person who is a Related Person of such owner.

Investment Purposes. For purposes of determining if an asset is held for Investment Purposes, the definition of “Investment” the following applies. Real estate is not considered to be held for Investment Purposes by the undersigned an Investor if it is used by the undersigned Investor or a Related Person, as described defined below, for personal purposes or as a place of business, or in connection with the conduct of the trade or business of the undersigned Investor or a Related Person, provided that real estate owned by the undersigned who an Investor that is engaged primarily in the business of investing, trading or developing real estate in connection with such business may be deemed to be held for Investment Purposes. Residential real estate is not deemed to be used for personal purposes if deductions with respect to such real estate are not disallowed by Section 280A of the CodeInternal Revenue Code of 1986, as amended. A Commodity Interest or Physical Commodity owned, or a financial contract entered into, by the undersigned who an Investor that is engaged primarily in the business of investing, reinvesting, or trading in Commodity Interests, Physical Commodities or financial contracts in connection with such business may be deemed to be held for Investment Purposes. The term “Related Person” generally means a person who is related to the undersigned Investor as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the undersignedInvestor, or is a spouse of such descendant or ancestor, provided that, in the case of a Family Company, a Related Person includes any owner of the Family Company and any person who is a Related Person of such owner.

Investment Purposes. For purposes of determining if something is an asset is held for Investment Purposes, “Investment” the following applies. Real estate is not considered to be held for Investment Purposes by the undersigned an investor if it is used by the undersigned investor or a Related Person, as described below, for personal purposes or as a place of business, or in connection with the conduct of the trade or business of the undersigned investor or a Related Person, provided that real estate owned by the undersigned who an investor that is engaged primarily in the business of investing, trading or developing real estate in connection with such business may be deemed to be held for Investment Purposes. Residential real estate is not deemed to be used for personal purposes if deductions with respect to such real estate are not disallowed by Section 280A of the Code. A Commodity Interest or Physical Commodity owned, or a financial contract entered into, by the undersigned who an investor that is engaged primarily in the business of investing, reinvesting, or trading in Commodity Interests, Physical Commodities or financial contracts in connection with such business may be deemed to be held for Investment Purposes. The term “Related Person” generally means a person who is related to the undersigned investor as a sibling, spouse or former spouse, or is a direct lineal descendant or ancestor by birth or adoption of the undersignedinvestor, or is a spouse of such descendant or ancestor, provided that, in the case of a Family Company, a Related Person includes any owner of the Family Company and any person who is a Related Person of such owner.