Common use of Purpose of Loan Clause in Contracts

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan for a business, commercial, agricultural or similar commercial enterprise purpose, and that no advance shall be used for any personal, family or household purpose. The proceeds of the loan shall be used only for the Borrower’s working capital purposes.

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan credit facility for a business, commercial, agricultural or similar commercial enterprise purpose, and that no advance shall be used for any personal, family or household purpose. The proceeds of the loan advances under this Note shall be used only for to make payment of any and all obligations of the Borrower’s working capital purposesBorrower under or in respect of Rate Management Transactions when due.

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan credit facility for a business, commercial, agricultural or similar commercial enterprise purpose, and that no advance shall be used for any personal, family or household purpose. The proceeds of the loan advances under this Note shall be used only for the Borrower’s working capital general corporate purposes.

Purpose of Loan. The Borrower acknowledges Borrowers represent and agrees warrant that this Note evidences a loan made to the Borrowers for a business, commercial, agricultural the purpose of carrying on businesses or similar commercial enterprise purpose, enterprises and that no advance shall the proceeds herefrom will not be used for any household, personal, or family or household purpose. The proceeds of the loan shall be used only for the Borrower’s working capital purposes.

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan for a business, commercial, agricultural or similar commercial enterprise purpose, and that no advance shall be used for any personal, family or household purpose. The proceeds of the loan shall be used only for the Borrower’s working capital 's general corporate purposes.

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan for a business, business commercial, agricultural or similar commercial enterprise purpose, and that no advance Advance or Letter of Credit shall be used for any personal, family or household purpose. The proceeds of the loan Advances shall be used only for the Borrower’s working capital and general corporate purposes.

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan for a business, commercial, agricultural or similar commercial cernrnetcial enterprise purpose, and that no advance shall be used for any personal, family or household purpose. The proceeds of the loan shall be used only for the Borrower’s working capital 's general corporate purposes.

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan for a business, commercial, agricultural or similar commercial enterprise purpose, and that no advance shall be used for any personal, family or household purpose. The proceeds of the loan shall be used only for the Borrower’s working capital purposes.

Purpose of Loan. The Borrower acknowledges and agrees that this Note evidences a loan for a business, commercial, agricultural or similar commercial enterprise purpose, and that no advance shall be used for any personal, family or household purpose. The proceeds of the loan shall be used only for the Borrower’s 's working capital purposespurposes and to refinance the Borrower's indebtedness to the Bank.