Common use of Illegal Activity/Forfeiture Clause in Contracts

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

Appears in 16 contracts

Samples: Loan Agreement (Lazydays Holdings, Inc.), Loan Agreement, Loan Agreement (Clipper Realty Inc.)

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

Appears in 4 contracts

Samples: Loan Agreement (Industrial Logistics Properties Trust), Loan Agreement (Industrial Logistics Properties Trust), Loan Agreement (Industrial Logistics Properties Trust)

Illegal Activity/Forfeiture. (a) No portion of the any Individual Property or any Applicable Collateral has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the any Individual Property.

Appears in 4 contracts

Samples: Mezzanine C Loan Agreement (Northstar Realty Finance Corp.), Mezzanine B Loan Agreement (NorthStar Healthcare Income, Inc.), Mezzanine C Loan Agreement (NorthStar Healthcare Income, Inc.)

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

Appears in 4 contracts

Samples: Mezzanine Loan Agreement (Cole Corporate Income Trust, Inc.), Loan Agreement (Cole Corporate Income Trust, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.)

Illegal Activity/Forfeiture. (a) No portion of the Property or the Collateral has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s actual knowledge, there are no illegal activities or activities relating to controlled substances at the Property.

Appears in 3 contracts

Samples: Mezzanine Loan Agreement (Industrial Logistics Properties Trust), Mezzanine a Loan Agreement (Industrial Logistics Properties Trust), Mezzanine Loan Agreement (Industrial Logistics Properties Trust)

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

Appears in 2 contracts

Samples: Loan Agreement (Medalist Diversified REIT, Inc.), Loan Agreement (Medalist Diversified REIT, Inc.)

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

Appears in 2 contracts

Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.), Loan Agreement (American Realty Capital New York City REIT, Inc.)

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

Appears in 2 contracts

Samples: Mezzanine a Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Mezzanine a Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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

Appears in 2 contracts

Samples: Loan Agreement (Northstar Realty Finance Corp.), Loan Agreement (NorthStar Healthcare Income, Inc.)

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

Appears in 2 contracts

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

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

Appears in 2 contracts

Samples: Mezzanine B Loan Agreement (Morgans Hotel Group Co.), Mezzanine a Loan Agreement (Morgans Hotel Group Co.)

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

Appears in 2 contracts

Samples: Mezzanine a Loan Agreement (NorthStar Healthcare Income, Inc.), Mezzanine a Loan Agreement (Northstar Realty Finance Corp.)

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

Appears in 2 contracts

Samples: Loan Agreement (Istar Inc.), Loan Agreement (Safety, Income & Growth, Inc.)

Illegal Activity/Forfeiture. (a) No portion of the any individual Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s knowledgeKnowledge, there are no illegal activities or activities relating to controlled substances at the any Property.

Appears in 2 contracts

Samples: Loan Agreement (Industrial Logistics Properties Trust), Loan Agreement (Industrial Logistics Properties Trust)

Illegal Activity/Forfeiture. (a) No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the PropertyProperty (including, without limitation, any growing, distributing and/or dispensing of medical marijuana).

Appears in 2 contracts

Samples: Loan Agreement (Condor Hospitality Trust, Inc.), Loan Agreement (Consolidated Tomoka Land Co)

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

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital Trust III, Inc.)

Illegal Activity/Forfeiture. (a) ). No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity by or on behalf of Mortgage Borrower, Borrower, Guarantor or any Affiliate of Mortgage Borrower, Borrower and Guarantor and, to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the Property.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Black Creek Diversified Property Fund Inc.)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Loan Agreement (Retail Value Inc.)

Illegal Activity/Forfeiture. (a1) No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s knowledge's Knowledge, there are no illegal activities or activities relating to controlled substances at the Property.

Appears in 1 contract

Samples: Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)

Illegal Activity/Forfeiture. (a) No portion of the any Individual Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity (whether or not such illegality is determined by local, State or federal law) and to the best of Borrower’s and Security Guarantor’s knowledge, there are no illegal activities (whether or not such illegality is determined by local, State or federal law) or activities relating to controlled substances (as determined by local, State or federal law) at the any Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Playa Hotels & Resorts N.V.)

Illegal Activity/Forfeiture. (a) No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of BorrowerOwner’s knowledge, there are no illegal activities or activities relating to controlled substances at the Property.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (U-Store-It Trust)

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Illegal Activity/Forfeiture. (ac) No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity by or on behalf of Borrower, Guarantor or any Affiliate of Borrower and Guarantor and, to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the Property.

Appears in 1 contract

Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.)

Illegal Activity/Forfeiture. (a) No portion of the any Individual Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s and Operating Lessee’s knowledge, there are no illegal activities or activities relating to controlled substances at the any Individual Property.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Supertel Hospitality Inc)

Illegal Activity/Forfeiture. (a) No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the PropertyProperty (including, without limitation, any growing, distributing and/or dispensing of medical marijuana).

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

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

Appears in 1 contract

Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (American Finance Trust, Inc)

Illegal Activity/Forfeiture. (a) No portion of the any Individual Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and, to Borrower’s and to the best of BorrowerOperating Lessee’s knowledge, there are no illegal activities or activities relating to controlled substances at the any Individual Property.

Appears in 1 contract

Samples: Management Agreement (Ashford Hospitality Prime, Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust Iv, Inc.)

Illegal Activity/Forfeiture. (a) No portion of the Property has been or will be purchased, improved, 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 substances at the PropertyProperty (including, without limitation, any growing, distributing and/or dispensing of medical marijuana).

Appears in 1 contract

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Illegal Activity/Forfeiture. (a) No portion of the any Individual Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the Propertyany Individual Property (including, without limitation, any growing, distributing and/or dispensing of medical marijuana).

Appears in 1 contract

Samples: Loan Agreement (Orion Office REIT Inc.)

Illegal Activity/Forfeiture. (a) No portion of the Property has been or will be purchased, improved, equipped or furnished by any Borrower Party (or Affiliate thereof) with proceeds of any illegal activity and to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the Property.

Appears in 1 contract

Samples: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.)

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

Appears in 1 contract

Samples: Loan Agreement (Alexanders Inc)

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

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

Illegal Activity/Forfeiture. (a) No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to the best of each Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the PropertyProperty (including, without limitation, any growing, distributing and/or dispensing of medical marijuana).

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Illegal Activity/Forfeiture. (a) No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity by or on behalf of Borrower, Guarantor or any Affiliate of Borrower and Guarantor and, to the best of Borrower’s knowledge, there are no illegal activities or activities relating to controlled substances at the Property.. 62

Appears in 1 contract

Samples: Loan Agreement (Black Creek Diversified Property Fund Inc.)

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