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 64 contracts

Samples: Loan and Security Agreement (Sight Sciences, Inc.), Loan and Security Agreement (Gritstone Bio, Inc.), Loan and Security Agreement (Kura Oncology, Inc.)

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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. 7.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Concert Pharmaceuticals, Inc.)

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)

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)

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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.)

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