Common use of Nature of Loan Clause in Contracts

Nature of Loan. Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and will not be used for personal, family, household or agricultural purposes.

Appears in 31 contracts

Samples: Construction Loan Agreement, Term Loan Agreement, Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

AutoNDA by SimpleDocs

Nature of Loan. Each Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and will not be used for personal, family, household or agricultural purposes.

Appears in 8 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement, Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

Nature of Loan. Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and will not be used for personal, family, or household or agricultural purposes.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement

Nature of Loan. Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and will not be used for personal, family, household or agricultural purposes.. 6.6

Appears in 1 contract

Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)

Nature of Loan. Borrower is a business or commercial organization. The All of the proceeds of the Loan is being obtained solely for business or investment purposes, and will not shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for purposes other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Term Loan Agreement (Stratus Properties Inc)

Nature of Loan. Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and will not be used for personal, family, household or agricultural purposes.. 9

Appears in 1 contract

Samples: Construction Loan Agreement (4Front Ventures Corp.)

AutoNDA by SimpleDocs

Nature of Loan. Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and will not be used for personal, family, household or agricultural purposes.. XxxX/Xxxxxxxxx Xxxx Loan Agreement #438690v6

Appears in 1 contract

Samples: Term Loan Agreement (Inland Diversified Real Estate Trust, Inc.)

Nature of Loan. Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and solely to be re-loaned to ASF for Construction of the Improvements, and will not be used for personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Construction Loan Agreement (American Retirement Corp)

Nature of Loan. The Borrower is a business or commercial organization. The Loan is being obtained solely for business or investment purposes, and will not be used for personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Construction Loan Agreement (HF Enterprises Inc.)

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