Common use of Illegal Activity Clause in Contracts

Illegal Activity. No portion of any Project has been purchased with proceeds of any illegal activity and no part of the proceeds of the Loans will be used in connection with any illegal activity.

Appears in 11 contracts

Samples: Loan Agreement (Douglas Emmett Inc), Loan Agreement (Douglas Emmett Inc), Loan Agreement (Douglas Emmett Inc)

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Illegal Activity. No portion of any the Project has been or shall be purchased with proceeds of any illegal activity and no part of the proceeds of the Loans Loan will be used in connection with any illegal activity.

Appears in 3 contracts

Samples: Loan Agreement (City Office REIT, Inc.), Loan Agreement (City Office REIT, Inc.), Loan Agreement (City Office REIT, Inc.)

Illegal Activity. No portion of any the Project has been purchased with proceeds of any illegal activity and no part of the proceeds of the Loans will be used in connection with any illegal activity.

Appears in 2 contracts

Samples: Construction Loan Agreement (Vail Resorts Inc), Construction Loan Agreement (Vail Resorts Inc)

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Illegal Activity. No portion of any the Project has been or will be purchased with proceeds of any illegal activity and no part of the proceeds of the Loans will be used in connection with any illegal activity.

Appears in 1 contract

Samples: Loan Agreement (Taubman Centers Inc)

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