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 165 contracts

Samples: Multifamily Note (Emeritus Corp\wa\), Multifamily Note (Riverside Park Associates Lp), Multifamily Note (Century Properties Fund Xvii)

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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 73 contracts

Samples: Letter Agreement (Tarragon Corp), Purchase Money Note (Steadfast Income REIT, Inc.), Acknowledgment and Agreement (Bluerock Enhanced Multifamily Trust, 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 38 contracts

Samples: Loan Documents (Lsi Industries Inc), Loan Documents (Medpace Holdings, Inc.), Loan Documents (Middlesex Water Co)

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

Samples: mf.freddiemac.com, mf.freddiemac.com, mf.freddiemac.com

Commercial Purpose. Borrower represents that Borrower is incurring the Indebtedness is being incurred by Xxxxxxxx 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

Samples: Multifamily Note (Maxus Realty Trust Inc.), Replacement Reserve Agreement, Replacement Reserve Agreement

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

Samples: 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

Samples: Financing Agreement, Financing Agreement

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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

Samples: mf.freddiemac.com, mf.freddiemac.com

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. 16.

Appears in 1 contract

Samples: Healthcare Services Group 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 busxxxxx xr commercial enterprise, and not for personal, family, household, or agricultural purposes.

Appears in 1 contract

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

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. 18.

Appears in 1 contract

Samples: Steadfast Income REIT, Inc.

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