Common use of Acquisition of Collateral Clause in Contracts

Acquisition of Collateral. Nothing in this Section 6.02 or anything else in this Agreement shall be deemed to affirmatively require the Company to cause to be acquired all or any portion of any Collateral with respect to which there exists any Environmental Hazard. Prior to acquisition of title to any Collateral (whether by foreclosure, deed in lieu of foreclosure, by power of sale or by sale pursuant to the Uniform Commercial Code, or otherwise), the Company shall cause to be commissioned with respect to such Collateral either (i) a Transaction Screen Process consistent with ASTM Standard E 1528-06, by an environmental professional or

Acquisition of Collateral. Nothing in this Section 6.02 or anything else in this Agreement shall be deemed to affirmatively require the Company to cause to be acquired all or any portion of any Collateral with respect to which there exists any Environmental HazardHazards. Prior to acquisition of title to any Collateral (whether by foreclosure, deed in lieu of foreclosure, by power of sale or by sale pursuant to the Uniform Commercial Code, or otherwise), the Company shall cause to be commissioned with respect to such Collateral either (i) a Transaction Screen Process consistent with ASTM Standard E 1528-06, by an environmental professional or