Common use of Sole Purpose Clause in Contracts

Sole Purpose. The Borrower has been formed solely for the purpose of, and has not engaged in any business activity other than, the acquisition of commercial loans, the pledge and financing thereof and transactions incidental thereto and activities of the type expressly permitted under Section 5.01(a). The Borrower is not party to any agreements other than this Agreement and the other Transaction Documents to which it is a party and the Required Loan Documents and other agreements listed on the Loan Asset Checklist for each Portfolio Asset in respect of which the Borrower is a lender or loan participant.

Sole Purpose. The Borrower has been formed solely for the purpose of, and has not engaged in any business activity other than, the acquisition of commercial loans, the pledge and financing thereof and transactions incidental thereto and activities of the type expressly permitted under Section 5.01(a). The Borrower is not party to any agreements other than this Agreement and the other Transaction Documents to which it is a party and the Required Loan Portfolio Documents and other agreements listed on the Loan Portfolio Asset Checklist for each Portfolio Asset in respect of which the Borrower is a lender or loan participant.

Sole Purpose. The Borrower has been formed solely for the purpose ofof engaging in transactions contemplated by this Agreement, and has not engaged in any business activity other than, the acquisition of commercial loans, the pledge and financing thereof and transactions incidental thereto and activities of than the type expressly permitted under Section 5.01(a). The Borrower is not party to any agreements other than this Agreement and the other Transaction Documents to which it is a party and the Required Loan Documents and other agreements listed on the Loan Asset Checklist for each Portfolio Loan Asset in respect of which the Borrower is a lender or loan participantlender.

Sole Purpose. The Borrower has been formed solely for the purpose of, and has not engaged in any business activity other than, the acquisition of commercial loans, the pledge and financing thereof and transactions incidental thereto and activities of the type expressly permitted under Section 5.01(a). The Borrower is not party to any agreements other than this Agreement and the other Transaction Documents to which it is a party and the Required Loan Documents and other agreements listed on the Loan Asset Checklist for each Portfolio Loan Asset in respect of which the Borrower is a lender or loan participant.

Sole Purpose. The Borrower has been formed solely for the purpose of, and has not engaged in any business activity other than, the acquisition of commercial loans, the pledge and financing thereof Portfolio Assets and transactions incidental thereto and activities of the type expressly permitted under set forth in Section 5.01(a) and Section 5.02(a). The Borrower is not party to any material agreements other than this Agreement and the other Transaction Documents to which it is a party and the Required Loan Portfolio Documents and other agreements listed on the Loan Portfolio Asset Checklist for each Portfolio Asset in respect of which the Borrower is a lender or loan participant.