Common use of Commercial Purpose Clause in Contracts

Commercial Purpose. The Loan(s) are not “consumer transactions”, as defined in the South Carolina Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 5 contracts

Samples: Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp), Loan Agreement (Synalloy Corp)

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Commercial Purpose. The Loan(s) are Loan is not a "consumer transactions”transaction", as defined in the South Carolina Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 1 contract

Samples: T Loan Agreement (Community Bankshares Inc /Sc/)

Commercial Purpose. The Loan(s) are not "consumer transactions", as defined in the South Couth Carolina Uniform Commercial Code, and none of non the collateral was or will be purchased or held primarily for personal, family or household purposespurposed.

Appears in 1 contract

Samples: T Loan Agreement (Uci Medical Affiliates Inc)

Commercial Purpose. The Loan(s) are not "consumer transactions", as defined in the South Carolina Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 1 contract

Samples: Loan Agreement (Uci Medical Affiliates Inc)

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Commercial Purpose. The Loan(s) are shall not be “consumer transactions”, ,” as defined in the South North Carolina Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 1 contract

Samples: Loan Agreement (Targacept Inc)

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