Common use of Illegal Activity Clause in Contracts

Illegal Activity. No portion of the Collateral has been or will be purchased with proceeds of any illegal activity.

Appears in 4 contracts

Samples: Mezzanine Loan Agreement, Mezzanine Loan Agreement (TNP Strategic Retail Trust, Inc.), Loan Agreement (Prime Group Realty Trust)

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Illegal Activity. No portion of the Property or the Pledged Collateral has been or will be purchased with proceeds of any illegal activity.

Appears in 2 contracts

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc)

Illegal Activity. No portion of the Collateral or any Property has been or will be purchased with proceeds of any illegal activity.

Appears in 2 contracts

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

Illegal Activity. No portion of the Collateral has been or will be purchased by Borrower with proceeds of any illegal activity.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (W. P. Carey Inc.), Mezzanine Loan Agreement (Net Lease Office Properties)

Illegal Activity. No portion of the any Collateral Property has been or will be purchased with proceeds of any illegal activity.

Appears in 2 contracts

Samples: Loan Agreement (Westfield America Inc), Loan Agreement (Westfield America Inc)

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Illegal Activity. No portion of the Collateral Property has been or will be purchased with proceeds of any illegal activity.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

Illegal Activity. No portion of the Initial Collateral has been or will be purchased with proceeds of any illegal activity.

Appears in 1 contract

Samples: Loan Agreement (Prime Group Realty Trust)

Illegal Activity. No portion of the Collateral has been or will be purchased by Borrower, Operating Lessee or any Loan Party with proceeds of any illegal activity.

Appears in 1 contract

Samples: Loan Agreement (BRE Select Hotels Corp)

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