Common use of Commercial Purpose Clause in Contracts

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 167 contracts

Sources: Multifamily Note (Resource Apartment REIT III, Inc.), Multifamily Note (Resource Apartment REIT III, Inc.), Multifamily Note (Resource Apartment REIT III, Inc.)

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Borrower solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, family or agricultural household purposes.

Appears in 74 contracts

Sources: Permanent Loan Agreement, Mortgage Note (Clipper Realty Inc.), Consolidation, Modification and Extension Agreement, Assignment of Leases and Rents and Security Agreement (Clipper Realty Inc.)

Commercial Purpose. The Borrower represents that the indebtedness evidenced by this Note is being incurred by the Borrower is incurring the Indebtedness solely for the purpose of acquiring or carrying on a business business, professional or commercial enterpriseactivity, and not for personal, family, household, family or agricultural household purposes.

Appears in 46 contracts

Sources: Revolving Line of Credit Note (Middlesex Water Co), Line of Credit Note (Moatable, Inc.), Loan Documents (Medpace Holdings, Inc.)

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness solely for the purpose of carrying on a business or commercial enterprise, and not for consumer, personal, family, household, household or agricultural purposes.

Appears in 5 contracts

Sources: Loan Agreement, Note, Note

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by ▇▇▇▇▇▇▇▇ solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 4 contracts

Sources: Memorandum of Understanding, Multifamily Note (Maxus Realty Trust Inc.), Multifamily Note (Roberts Realty Investors Inc)

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Borrower solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, household or agricultural purposes.

Appears in 3 contracts

Sources: Multifamily Note, Multifamily Note, Multifamily Note

Commercial Purpose. The Borrower represents that Borrower is incurring the Indebtedness is being incurred by the Borrower solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, family or agricultural household purposes.

Appears in 2 contracts

Sources: Financing Agreement, Financing Agreement

Commercial Purpose. Maker/Borrower represents that Borrower is incurring the Indebtedness solely for the purpose of carrying on a business or commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 2 contracts

Sources: Demand Promissory Note, Demand Promissory Note

Commercial Purpose. The Borrower represents that the indebtedness evidenced by this Note is being incurred by the Borrower is incurring the Indebtedness solely for the purpose of acquiring or carrying on a business business, professional or commercial enterpriseactivity, and not for personal, familyfamily or household purposes. 4817-8901-1599, household, or agricultural purposes.v.5

Appears in 1 contract

Sources: Term Note (Preformed Line Products Co)

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Borrower solely for the purpose of carrying on a business or bus▇▇▇▇▇ ▇r commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 1 contract

Sources: Multifamily Note (Secured Investment Resources Fund Lp Iii)