Common use of No Illegal Activity as Source of Funds Clause in Contracts

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

Appears in 13 contracts

Samples: Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Cole Credit Property Trust V, Inc.), Loan Agreement (Independence Realty Trust, Inc)

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No Illegal Activity as Source of Funds. No portion of the Mortgaged Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity.

Appears in 13 contracts

Samples: Loan Agreement (CNL Healthcare Properties II, Inc.), Loan Agreement (CNL Healthcare Trust, Inc.), Loan Agreement (CNL Healthcare Trust, Inc.)

No Illegal Activity as Source of Funds. No portion of the Mortgaged Property has been or will be purchased, improved, equipped or furnished with proceeds of or any illegal activity.

Appears in 2 contracts

Samples: Loan Agreement (Capital Senior Living Corp), Loan Agreement (Capital Senior Living Corp)

No Illegal Activity as Source of Funds. No portion of the Property Properties has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity.

Appears in 2 contracts

Samples: Loan Agreement (Clubcorp Inc), Loan Agreement (Clubcorp Inc)

No Illegal Activity as Source of Funds. No portion of the Property Collateral has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity.

Appears in 2 contracts

Samples: Credit Agreement (Interactive Strength, Inc.), Loan Agreement (Emeritus Corp\wa\)

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No Illegal Activity as Source of Funds. No portion of the Property Mortgaged Properties has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

No Illegal Activity as Source of Funds. No During the Borrower’s ownership of the Property, no portion of the Property has been or will be purchased, improved, equipped or furnished by the Borrower with proceeds of any illegal activity.

Appears in 1 contract

Samples: Reimbursement and Credit Agreement (Steadfast Income REIT, Inc.)

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