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 43 contracts

Sources: Credit Agreement (Rocky Mountain Chocolate Factory, Inc.), Fifth Amendment to Credit Agreement (Vita Coco Company, Inc.), Credit Agreement (Rocky Mountain Chocolate Factory, 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 23 contracts

Sources: Credit Agreement (Globus Medical Inc), Credit Agreement (Englobal Corp), Credit Agreement (Sharps Compliance Corp)

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

Sources: Credit Agreement (RGC Resources Inc), Credit Agreement (RGC Resources Inc), Credit Agreement (Orion Energy Systems, 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

Sources: 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

Sources: Credit Agreement (Precept Business Services Inc), Revolving Line of Credit Note (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

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

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

Sources: Senior Secured Super Priority Debtor in Possession 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

Sources: Master Credit Agreement (Group 1 Automotive Inc)

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

Sources: Senior Secured Super Priority Debtor in Possession Credit Agreement