Qualified Commercial Loan. This loan is a Qualified Commercial Loan as defined in Chapter 306 of the Texas Finance Code. This loan is not secured by real property and is not a loan for the purpose of financing a business licensed by the Motor Vehicle Board of the Texas Department of Transportation under Section 4.01(a), Texas Motor Vehicle Commission (Article 4413(36), Vernon's Texas Civil Statutes). Borrower has been advised by Lender to seek advice of an attorney and an accountant in connection with this Qualified Commercial Loan and Borrower has had the opportunity to seek the advice of an attorney and accountant of Borrower's choice in connection with this Qualified Commercial Loan.
Appears in 3 contracts
Samples: Credit Agreement (Allis Chalmers Corp), Credit Agreement (Allis Chalmers Corp), Credit Agreement (Allis Chalmers Corp)
Qualified Commercial Loan. This loan Loan is a Qualified Commercial Loan as defined in Chapter 306 of in the Texas Finance Code. This loan Loan is not secured by real property and is not a loan to be used for the purpose of financing a business licensed by the Motor Vehicle Board of the Texas Department of Transportation under Section 4.01(a), Texas Motor Vehicle Commission (Article 4413(36), Vernon's Texas Civil StatutesStatute). Borrower has been advised by Lender the Bank to seek the advice of an attorney and an accountant in connection with this Qualified Commercial Loan and Borrower has had the opportunity to seek the advice of an attorney and an accountant of Borrower's choice in connection with this Qualified Commercial Loan.
Appears in 1 contract
