Commercial Purpose. Maker represents and warrants that the loan evidenced by this Note was made and transacted solely for the purpose of carrying on a business or an investment in real estate and that the obligation evidenced by this Note is an exempted transaction under the Truth in Lending Act, as amended.
Appears in 29 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement
Commercial Purpose. Maker represents and warrants that the loan evidenced by this Note was made and transacted solely for the purpose of carrying on a business or an investment in real estate and that the obligation evidenced by this Note is an exempted exempt- ed transaction under the Truth in Lending Act, as amended.
Appears in 2 contracts
Commercial Purpose. Maker represents and warrants that the loan evidenced by this Note was made and transacted solely for the purpose of carrying on a business or an investment in real estate and that the obligation evidenced by this Note is an exempted transaction under the Truth in Lending Act, as amended. Further, Maker and Holder acknowledge and agree that this Note is not a security and therefore does not benefit from the protections of state or federal securities laws.
Appears in 1 contract
Samples: Master Security Agreement
