Common use of Prohibited Facilities Clause in Contracts

Prohibited Facilities. The Authority and the Company represent that none of the proceeds of the Bond will be used to finance any airplane, skybox or other private luxury box, health club facility, facility primarily used for gambling, store the principal business of which is the sale of alcoholic beverages for consumption off premises, private or commercial golf course, country club, massage parlor, tennis club, skating facility (including roller skating, skate board and ice skating), racquet sports facility (including any handball or racquet ball court), hot tub facility, suntan facility, race track, automobile sales or service facility, retail food or beverage facility or entertainment facility.

Appears in 2 contracts

Sources: Tax Certificate and Regulatory Agreement (Intracel Corp), Tax Certificate and Regulatory Agreement (Intracel Corp)