Common use of Illegal Activities Clause in Contracts

Illegal Activities. The Borrower certifies that no part of the Hypothecated Property is or will be used for any illegal purpose, including as a brothel or a gaming house. The Borrower also certifies that no part of the Hypothecated Property is or will be used for the cultivation, processing or manufacture of marijuana or other hazardous, illegal or controlled substances.

Appears in 6 contracts

Samples: Bridge Loan, Bridge Loan, Contract of Loan and Hypothecs

AutoNDA by SimpleDocs

Illegal Activities. The Borrower certifies that no part of the Hypothecated Property is or will be used for any illegal purpose, including as a brothel or a gaming house. The Borrower also certifies that no part of the Hypothecated Property is or will be used for the cultivationgrowing, processing manufacturing, refining, handling, treating, storing or manufacture disposition of marijuana or other hazardous, illegal or controlled substances.

Appears in 3 contracts

Samples: www.hometrust.ca, www.hometrust.ca, www.hometrust.ca

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!