Common use of Commercial Purposes Clause in Contracts

Commercial Purposes. Borrower intends to use the proceeds of the Loan solely for the purpose of carrying on a business and that the obligation evidenced by this Note is an exempted transaction under the Truth in Lending Act, as amended.

Appears in 31 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement

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Commercial Purposes. Borrower intends You intend to use the proceeds of the Loan solely for the purpose of carrying on a business Business Purpose and that the obligation evidenced by this the Note is an exempted transaction under the Truth in Lending Act, as amended.

Appears in 7 contracts

Samples: Participated Loan Agreement, Syndicated Loan Agreement, Syndicated Loan Agreement

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