Common use of Commercial Purpose Clause in Contracts

Commercial Purpose. Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 12 contracts

Samples: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Construction Loan Agreement (Skechers Usa Inc)

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Commercial Purpose. Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan Note shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 8 contracts

Samples: Mortgage Note (Nl Industries Inc), Promissory Note (Gametech International Inc), Compx International Inc

Commercial Purpose. Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this the Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 6 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Loan Agreement (Skechers Usa Inc)

Commercial Purpose. Borrower warrants that the Loan is being made solely to finance a portion of the cost to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan Note shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 3 contracts

Samples: Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc)

Commercial Purpose. Each Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Each Borrower further warrants that all of the proceeds of this the Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 3 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

Commercial Purpose. Borrower warrants that the Loan is Loans are being made used solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan the Loans shall be used for commercial purposes and stipulates that the Loan Loans shall be construed for all purposes as a commercial loan, and is made for other than personal, family, family or household or agricultural purposes.

Appears in 2 contracts

Samples: Loan and Security Agreement (1847 Holdings LLC), Loan and Security Agreement (Youngevity International, Inc.)

Commercial Purpose. Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or enterprise and Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, loan and is made for other than personal, family, household or agricultural purposes.

Appears in 2 contracts

Samples: Loan Agreement (ExchangeRight Income Fund), Loan Agreement (ExchangeRight Income Fund)

Commercial Purpose. The Borrower warrants that the Loan loan evidenced by this Note is being made solely to acquire or carry on a business or commercial enterprise, and/or and that the Borrower is a business or commercial organization. The Borrower further warrants that all of the proceeds of this Loan shall be used for commercial purposes and stipulates covenants that the Loan loan evidenced by this Note shall be construed for all purposes as a commercial purpose loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 2 contracts

Samples: Loan Agreement (Marine Shuttle Operations Inc), Loan Agreement (Marine Shuttle Operations Inc)

Commercial Purpose. Borrower warrants that the Loan is being made ------------------ solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Construction Loan Agreement (Wells Real Estate Investment Trust Inc)

Commercial Purpose. Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan the Loans shall be used for commercial purposes and stipulates that the Loan Loans shall be construed for all purposes as a commercial loanloans, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Construction Loan Agreement (Armada Hoffler Properties, Inc.)

Commercial Purpose. Borrower warrants that the Loan is Loans are being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan the Loans shall be used for commercial purposes and stipulates that the Loan Loans shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Loan Agreement (FSP 50 South Tenth Street Corp)

Commercial Purpose. Each Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or each Borrower is a business or commercial organization. Each Borrower further warrants that all of the proceeds of this the Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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Commercial Purpose. Borrower warrants that the each Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan the Loans shall be used for commercial purposes and stipulates that the Loan Loans shall be construed for all purposes as a commercial loanloans, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Construction Loan Agreement (Armada Hoffler Properties, Inc.)

Commercial Purpose. Borrower warrants that the The Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Construction Loan Agreement (Stratus Properties Inc)

Commercial Purpose. Borrower warrants that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this the Loan shall be used for commercial purposes and stipulates that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.. 9.19

Appears in 1 contract

Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)

Commercial Purpose. Borrower warrants that the Loan loan evidenced by this Note is being made solely to acquire or carry on a business or commercial enterprise, and/or the Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan Note shall be used for commercial purposes and stipulates that the Loan loan evidenced by this Note shall be construed for all purposes as a commercial loan, and is made for other than personal, family, family or household or agricultural purposes.

Appears in 1 contract

Samples: Loan Agreement (Pre Paid Legal Services Inc)

Commercial Purpose. The Borrower warrants that the Loan loan evidenced by this Note is being made solely to acquire or carry on a business or commercial enterprise, and/or the Borrower is a business or commercial organization. The Borrower further warrants that all of the proceeds of this Loan Note shall be used for commercial purposes and stipulates that the Loan loan evidenced by this Note shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Seawright Holdings Inc

Commercial Purpose. Borrower warrants Borrowers warrant that the Loan is being made solely to acquire or carry on a business or commercial enterprise, and/or each Borrower is a business or commercial organization. Borrower Borrowers further warrants warrant that all of the proceeds of this the Loan shall be used for commercial purposes and stipulates stipulate that the Loan shall be construed for all purposes as a commercial loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

Commercial Purpose. Borrower warrants that the Loan loan evidenced by this Note is being made solely to acquire or carry on a business or commercial enterprise, and/or and that Borrower is a business or commercial organization. Borrower further warrants that all of the proceeds of this Loan shall be used for commercial purposes and stipulates covenants that the Loan loan evidenced by this Note shall be construed for all purposes as a commercial purpose loan, and is made for other than personal, family, household or agricultural purposes.

Appears in 1 contract

Samples: Loan Agreement (Marine Shuttle Operations Inc)

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