Common use of Illegal Activity Clause in Contracts

Illegal Activity. No portion of any of each Individual Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity.

Appears in 10 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

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Illegal Activity. No portion of any of each Individual Property has been or will be purchased, improved, equipped or furnished purchased with proceeds of any illegal activityactivity and to the best of Borrower’s knowledge, there are no illegal activities or activities relating to any controlled substances at any Individual Property.

Appears in 10 contracts

Samples: Loan Agreement (Cole Credit Property Trust II Inc), Loan Agreement (Spirit Realty Capital, Inc.), Loan Agreement (Netreit, Inc.)

Illegal Activity. No portion of any of each Individual the Property has been or will be purchased, improved, fixtured, equipped or furnished with proceeds of any criminal or other illegal activityactivity and to the best of Borrower's knowledge, there are no illegal activities or activities relating to controlled substance at the Property.

Appears in 7 contracts

Samples: Mortgage and Security Agreement (Butler International Inc /Md/), Contribution Agreement (Cv Reit Inc), Loan Agreement (Price Enterprises Inc)

Illegal Activity. No portion of any of each Individual Property has been or will be purchased, improved, equipped or furnished purchased with proceeds of any illegal activityactivity and to the best of Borrower's knowledge, there are no illegal activities or activities relating to any controlled substances at any Individual Property.

Appears in 4 contracts

Samples: Loan Agreement (Summit Hotel Properties LLC), Loan Agreement (U-Store-It Trust), Loan Agreement (Wyndham International Inc)

Illegal Activity. No portion of any of each Individual the Property has been or will be purchased, improved, fixtured, equipped or furnished with proceeds of any illegal activityactivity and, to the best of Borrower's knowledge, there are no illegal activities at or on the Property.

Appears in 3 contracts

Samples: Mortgage and Security Agreement (Cornerstone Realty Income Trust Inc), Mortgage, Security Agreement and Fixture Filing (Felcor Lodging Trust Inc), Mortgage and Security Agreement (Cornerstone Realty Income Trust Inc)

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Illegal Activity. No portion of any of each Individual the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity.

Appears in 2 contracts

Samples: Loan Agreement (Soho House & Co Inc.), Loan Agreement (Ashford Hospitality Trust Inc)

Illegal Activity. No portion of any of each Individual the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity.

Appears in 1 contract

Samples: Loan Agreement (Digital Realty Trust, Inc.)

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