Controlled Substances Act Clause Samples
The Controlled Substances Act clause establishes that the agreement or its parties must comply with all applicable laws and regulations regarding controlled substances. In practice, this means that any activities, products, or services covered by the contract cannot involve the illegal manufacture, distribution, or use of substances regulated under federal or state law. This clause serves to ensure legal compliance and protect the parties from liability or penalties associated with violations of controlled substances regulations.
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Controlled Substances Act. “Controlled Substances Act” refers to 21 U.S.C. §§ 801 et seq.
Controlled Substances Act. “Controlled Substances Act” shall have the meaning set forth in Section 2.11.
Controlled Substances Act. To the knowledge of the Parent Borrower, neither the Parent Borrower nor any Subsidiary is engaged in any knowing and intentional violation of the Controlled Substances Act or any related applicable Anti-Money Laundering Laws.
Controlled Substances Act. The Parent Borrower and its Subsidiaries will maintain controls, policies and procedures designed to ensure compliance by the Parent Borrower and its Subsidiaries with the Controlled Substances Act, any related applicable Anti-Money Laundering Laws and all other Applicable Laws, rules and regulations governing the purchase, manufacture, distribution, importation and sale of marijuana and other controlled substances in the United States of America or any other jurisdiction, in each case, where the sale of marijuana or such other controlled substance is illegal.
Controlled Substances Act. Knowingly and intentionally repay, or cause its Subsidiaries to knowingly and intentionally repay, any principal of the Loans, pay any interest or fees accruing thereon or pay any other Obligations, in each case, with funds that it knows, at the time of such payment, that it derived from a violation of the Controlled Substances Act.
Controlled Substances Act. Except as otherwise expressly set forth in Section 9.01 of this Loan Agreement, Borrower shall not, and shall not suffer or permit a tenant, including Dalitso, under any lease to violate any Laws affecting the Property, including the Controlled Substances Act, including the commencement of any proceedings under the Civil Asset Forfeiture Reform Act. Upon learning of any conduct contrary to this Section, Borrower shall immediately take all actions reasonably expected under the circumstances to terminate any such use of the Property, including: (a) to give timely notice to an appropriate law enforcement agency of information that led Borrower to know such conduct had occurred, and (b) in a timely fashion to revoke or make a good faith attempt to revoke permission for those engaging in such conduct to use the Property or to take reasonable actions in consultation with a law enforcement agency to discourage or prevent the illegal use of the Property. For the avoidance of doubt, the purpose of references to the Controlled Substances Act in this Section 9.02 is meant to prohibit violations of the Controlled Substances Act in connection with the production, distribution, and/or sale of controlled substances other than Cannabis, and in no event shall any violation of the Controlled Substances Act by either Borrower, or by any tenant of Borrower, related to the production, distribution, and/or sale of Cannabis be a violation of this Section 9.02 and shall expressly be governed by Section 9.01 hereof.