Common use of Commercial Purpose Clause in Contracts

Commercial Purpose. The Loan is not a “consumer transaction” as defined in the Uniform Commercial Code and none of the Collateral was or will be purchased or held primarily for personal family or household purposes.

Appears in 4 contracts

Sources: General Business Security Agreement, Security Agreement (Fuelcell Energy Inc), Security Agreement (Fuelcell Energy Inc)

Commercial Purpose. The Loan is Loans are not a “consumer transactiontransactions” as defined in the Uniform Commercial Code and none of the Collateral was or will be purchased or held primarily for personal personal, family or household purposes. The Loans are not Consumer Disputes as defined in Section 10.17(e).

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (New Source Energy Partners L.P.)

Commercial Purpose. The Loan is not a "consumer transaction" as defined in the Uniform Commercial Code and none of the Collateral was or will be purchased or held primarily for personal personal, family or household purposes.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)

Commercial Purpose. The Loan is Loans are not a “consumer transaction” as defined in the Uniform Commercial Code and none of the Collateral was or will be purchased or held primarily for personal personal, family or household purposes.

Appears in 1 contract

Sources: Loan and Security Agreement (Chicken Soup for the Soul Entertainment, Inc.)

Commercial Purpose. The Loan is not a "consumer transaction", as defined in the South Carolina Uniform Commercial Code Code, and none of the Collateral collateral was or will be purchased or held primarily for personal personal, family or household purposes.

Appears in 1 contract

Sources: Loan Agreement (Community Bankshares Inc /Sc/)

Commercial Purpose. The Loan is not a “consumer transaction”, as defined in the Virginia Uniform Commercial Code Code, and none of the Collateral collateral was or will be purchased or held primarily for personal personal, family or household purposes.

Appears in 1 contract

Sources: Loan Agreement (RGC Resources Inc)

Commercial Purpose. The Loan is Loan(s) are not a “"consumer transaction” transactions", as defined in the Couth Carolina Uniform Commercial Code Code, and none of non the Collateral collateral was or will be purchased or held primarily for personal personal, family or household purposespurposed.

Appears in 1 contract

Sources: Loan Agreement (Uci Medical Affiliates Inc)