Common use of Commercial Purpose Clause in Contracts

Commercial Purpose. The Loan(s) are not "consumer transactions", as defined in the Kentucky Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 5 contracts

Sources: Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (Industrial Services of America Inc /Fl)

Commercial Purpose. The Loan(s) are not "consumer transactions", as defined in the Kentucky Maryland Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 2 contracts

Sources: Loan Agreement (Sand Hills, Inc), Loan Agreement (Sand Hills, Inc)

Commercial Purpose. The Loan(s) are not "consumer transactions", as defined in the Kentucky Virginia Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 1 contract

Sources: Loan Agreement (Gladstone Capital Corp)

Commercial Purpose. The Loan(s) are not "consumer transactions", as defined in the Kentucky Virginia Uniform Commercial Code, and none of the collateral was or will be purchased or held primarily for personal, family or household purposes.

Appears in 1 contract

Sources: Loan Agreement (Cuisine Solutions Inc)