Common use of No Farm Land Purchases Clause in Contracts

No Farm Land Purchases. Borrower will not use the proceeds of the Loan to acquire farm land which is or is intended to be used for agricultural or forestry purposes, such as the production of food, fiber, or wood, or is so taxed or zoned.

Appears in 67 contracts

Samples: Loan and Security Agreement (Disc Medicine, Inc.), Loan and Security Agreement (Sight Sciences, Inc.), Loan and Security Agreement (Gritstone Bio, Inc.)

AutoNDA by SimpleDocs

No Farm Land Purchases. Borrower Borrowers will not use the proceeds of the Loan to acquire farm land which is or is intended to be used for agricultural or forestry purposes, such as the production of food, fiber, or wood, or is so taxed or zoned.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteostasis Therapeutics, Inc.)

No Farm Land Purchases. Borrower will not use the proceeds of the Loan Revolving Loans to acquire farm land which is or is intended to be used for agricultural or forestry purposes, such as the production of food, fiber, or wood, or is so taxed or zoned.

Appears in 1 contract

Samples: Loan and Security Agreement (BrightSource Energy Inc)

AutoNDA by SimpleDocs

No Farm Land Purchases. No Borrower will not use the proceeds of the Loan to acquire farm land which is or is intended to be used for agricultural or forestry purposes, such as the production of food, fiber, or wood, or is so taxed or zoned.

Appears in 1 contract

Samples: Loan and Security Agreement (Anthera Pharmaceuticals Inc)

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