Common use of Commercial Property Clause in Contracts

Commercial Property. The Real Property shall be used for commercial purposes as a multifamily residential apartment complex and not by the Borrower for residential, personal, family or household purposes.

Appears in 5 contracts

Samples: Credit Agreement, Oxford Residential Properties I LTD Partnership, United Investors Income Properties

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Commercial Property. The Real Property shall be used for commercial purposes as a multifamily residential apartment complex and not by the Borrower rather than for residential, personal, family or household purposes.

Appears in 3 contracts

Samples: RREEF Property Trust, Inc., GTJ Reit, Inc., AmREIT, Inc.

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