Common use of Business Purpose Clause in Contracts

Business Purpose. Borrower represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 36 contracts

Samples: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Power Integrations Inc), Loan and Security Agreement (Qumu Corp)

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Business Purpose. Borrower represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 23 contracts

Samples: Im Transaction Specific Credit Agreement (Englobal Corp), Credit Agreement (Wilhelmina International, Inc.), Credit Agreement (Acr Group Inc)

Business Purpose. Borrower represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 7 contracts

Samples: Credit Agreement (Orion Energy Systems, Inc.), Credit Agreement (RGC Resources Inc), Credit Agreement (Renaissance Learning Inc)

Business Purpose. Borrower represents and warrants that each credit subject hereto is Borrowing hereunder shall be made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 2 contracts

Samples: Credit Agreement (Antero Midstream GP LP), Credit Agreement

Business Purpose. Each Borrower represents and warrants that each credit subject hereto is made the Credits are for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 2 contracts

Samples: Credit Agreement (Precept Business Services Inc), Credit Agreement (Precept Business Services Inc)

Business Purpose. Borrower represents and warrants that each credit subject hereto is made the Credits are for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 2 contracts

Samples: Credit Agreement (Schlotzskys Inc), Credit Agreement (Exe Technologies Inc)

Business Purpose. Borrower represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use. SECTION 7.11.

Appears in 2 contracts

Samples: Credit Agreement (Vita Coco Company, Inc.), Credit Agreement (Vita Coco Company, Inc.)

Business Purpose. Borrower represents and warrants that each Each credit subject hereto is made for (a) a business, commercial, investment, agricultural investment or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 1 contract

Samples: Credit Agreement (Sturm Ruger & Co Inc)

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Business Purpose. Borrower Borrowers represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

Appears in 1 contract

Samples: Credit Agreement

Business Purpose. Borrower Borrowers represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.use 29

Appears in 1 contract

Samples: Credit Agreement

Business Purpose. Borrower represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, or (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment activity and not primarily for a personal, family or household use.

Appears in 1 contract

Samples: Master Credit Agreement (Group 1 Automotive Inc)

Business Purpose. Borrower represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose of acquiring any real or personal property as an investment and not primarily for a personal, family or household use. SECTION 7.12.

Appears in 1 contract

Samples: Credit Agreement (Village Super Market Inc)

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