Common use of Purpose of Advances Clause in Contracts

Purpose of Advances. The purpose and permitted use of the each Advance is as set forth in Section 2.16(b). The purpose of Advances is a business purpose and not a personal, family, or household purpose.

Appears in 5 contracts

Samples: Credit Agreement (Cole Credit Property Trust Iv, Inc.), Borrowing Base Revolving Line of Credit Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Borrowing Base Revolving Line of Credit Agreement (Cole Credit Property Trust Iv, Inc.)

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Purpose of Advances. The purpose and permitted use of the each Advance is as set forth in Section 2.16(b). The purpose of Advances is a business purpose and not a personal, family, or household purpose.

Appears in 3 contracts

Samples: Credit Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes)

Purpose of Advances. The purpose and permitted use of the each Advance is as set forth in Section 2.16(bSECTIONS 2.1(d) and 2.2(c). The purpose of Advances is a business purpose and not a personal, family, or household purpose.

Appears in 2 contracts

Samples: Modification Agreement (Crescent Operating Inc), Credit Loan Agreement (Crescent Operating Inc)

Purpose of Advances. The purpose and permitted use of the each Advance Advances is as set forth in Section 2.16(b). Recital A. The purpose of the Advances is a business purpose and not a personal, family, or household purpose.

Appears in 1 contract

Samples: Reimbursement Agreement (Zila Inc)

Purpose of Advances. The purpose and permitted use of the each Advance is as set forth in Section 2.16(b2.15(b). The purpose of Advances is a business purpose and not a personal, family, or household purpose.

Appears in 1 contract

Samples: Borrowing Base Revolving Line of Credit Agreement (Industrial Income Trust Inc.)

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Purpose of Advances. The purpose and permitted use of the each Advance Advances is as set forth in Recital A and Section 2.16(b2.2(c). The purpose of the Advances is a business purpose and not a personal, family, or household purpose.

Appears in 1 contract

Samples: Credit Agreement (Hypercom Corp)

Purpose of Advances. The purpose and permitted use of the each Advance is as set forth in Section 2.16(b2.2(b). The purpose of Advances is a business purpose and not a personal, family, or household purpose.

Appears in 1 contract

Samples: Loan Agreement (Udc Homes Inc)

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