Common use of Exempted Transaction Clause in Contracts

Exempted Transaction. Borrower agrees that (a) the payment obligations evidenced by this Note and the other instruments securing this Note are exempted transactions under the Truth in Lending Act 15 USC ss. 1601, et seq.; (b) the proceeds of the indebtedness evidenced by this Note will not be used for the purchase of the registered equity securities within the purview of Regulation "U" issued by the Board of Governors of the Federal Reserve System; and (c) on the Maturity Date, Lender shall not have any obligation to refinance the indebtedness evidenced by this Note or to extend further credit to Borrower.

Exempted Transaction. Borrower agrees that (ai) the payment obligations evidenced by this Note and the other instruments securing this Note are exempted transactions under the Truth in Lending Act 15 USC ss. § 1601, et seq.; (bii) the proceeds of the indebtedness evidenced by this Note will not be used for the purchase of the registered equity securities within the purview of Regulation "U" issued by the Board of Governors of the Federal Reserve System; and (ciii) on the Maturity Date, Lender shall not have any obligation to refinance the indebtedness evidenced by this Note or to extend further credit to BorrowerBxxxxxxx.

Exempted Transaction. Borrower agrees that (ai) the payment obligations evidenced by this Note and the other instruments securing this Note are exempted transactions under the Truth in Lending Act 15 USC ss. § 1601, et seq.; (bii) the proceeds of the indebtedness evidenced by this Note will not be used for the purchase of the registered equity securities within the purview of Regulation "“U" ” issued by the Board of Governors of the Federal Reserve System; and (ciii) on the Maturity Date, Lender shall not have any obligation to refinance the indebtedness evidenced by this Note or to extend further credit to BorrowerXxxxxxxx.

Exempted Transaction. Borrower agrees that (ai) the payment obligations evidenced by this Note and the other instruments securing this Note Loan Documents are exempted transactions under the Truth in Lending Act Act, 15 USC ss. §§ 1601, et seq.; (bii) the proceeds of the indebtedness Loan evidenced by this Note will not be used for the purchase of the registered equity securities within the purview of Regulation "“U" ” issued by the Board of Governors of the Federal Reserve System; and (ciii) on the Maturity DateDate hereof, Lender American Family shall not have any obligation to refinance the indebtedness Indebtedness evidenced by this Note or to extend further credit to Borrower.