Common use of Illegal Activity Clause in Contracts

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

Appears in 2 contracts

Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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

Appears in 2 contracts

Samples: Real Estate Purchase Agreement (Cv Reit Inc), Loan and Credit Facility Agreement (Cv Reit Inc)

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

Appears in 1 contract

Samples: Convertible Promissory Notes (Minrad International, Inc.)

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

Appears in 1 contract

Samples: Mortgage and Security Agreement (Polymer Research Corp of America)

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

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Innovative Micro Technology Inc)

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

Appears in 1 contract

Samples: Revolving Loan Agreement (Senior Housing Properties Trust)

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

Appears in 1 contract

Samples: Deed to Secure Debt and Security Agreement (Acuity Brands Inc)

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

Appears in 1 contract

Samples: Mortgage and Security Agreement (Resource Real Estate Opportunity REIT, Inc.)

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

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (Globix Corp)

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

Appears in 1 contract

Samples: Deed of Trust and Security Agreement

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

Appears in 1 contract

Samples: Loan Agreement (FelCor Lodging Trust Inc)

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

Appears in 1 contract

Samples: Trust Agreement (Netreit, Inc.)

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

Appears in 1 contract

Samples: Mortgage, Security Agreement and Absolute Assignment of Leases and Rents (Lakes Entertainment Inc)

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

Appears in 1 contract

Samples: Revolving Loan Agreement (Senior Housing Properties Trust)

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