Common use of NMS Clause in Contracts

NMS. A. Ss 58-6-5. Borrower represents and warrants that it is aware of and through its duly authorized officers and/or authorized representatives, has read and understands the provisions of N.M.S.A. Ss 58-6-5 which provides: "A contract, promise or commitment to loan money or to grant, extend or renew credit or any modification thereof, in an amount greater than twenty-five thousand dollars ($25, 000), not primarily for personal, family or household purposes, made by a financial institution shall not be enforceable unless in writing and signed by the party to be charged or that party's authorized representative.... "

NMS. A. Ss 58S58-6-5. Borrower represents and warrants that it is aware of and through its duly authorized officers and/or authorized representatives, has read and understands the provisions of N.M.S.A. Ss 58S58-6-5 which provides: "A contract, promise or commitment to loan money or to grant, extend or renew credit or any modification thereof, in an amount greater than twenty-five thousand dollars ($25, 00025,000), not primarily for personal, family or household purposes, made by a financial institution shall not be enforceable unless in writing and signed by the party to be charged or that party's authorized representative.... ...."