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: Loan Agreement, Loan Agreement, Loan Agreement

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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: Loan Agreement, Loan Agreement, Loan Agreement

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