Common use of Environmental and Engineering Clause in Contracts

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretion.

Appears in 14 contracts

Sources: Omnibus Amendment (BrightSpire Capital, Inc.), Omnibus Amendment to Transaction Documents and Release Agreement (BrightSpire Capital, Inc.), Ninth Omnibus Amendment to Transaction Documents and Release Agreement (BrightSpire Capital, Inc.)

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to BuyerAdministrative Agent, on behalf of Buyers, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretionAdministrative Agent.

Appears in 13 contracts

Sources: Seventh Amendment to Master Repurchase and Securities Contract Agreement and Amendment No. 5 to Guaranty (ACRES Commercial Realty Corp.), Master Repurchase and Securities Contract Agreement (Goldman Sachs Real Estate Finance Trust Inc), Master Repurchase and Securities Contract Agreement (Goldman Sachs Real Estate Finance Trust Inc)

Environmental and Engineering. A “Phase I1” (and, if recommended requested by the Phase IPurchaser, a “Phase II2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to BuyerPurchaser, by an engineer and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionPurchaser.

Appears in 11 contracts

Sources: Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.), Master Repurchase Agreement (Principal Credit Real Estate Income Trust), Master Repurchase Agreement (Franklin BSP Real Estate Debt, Inc.)

Environmental and Engineering. A “Phase I1” (and, if recommended requested by the Phase IBuyer, a “Phase II2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

Appears in 10 contracts

Sources: Master Repurchase Agreement (ARC Realty Finance Trust, Inc.), Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (Colony Financial, Inc.)

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, [NEWYORK 3032673_23] each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretion.

Appears in 1 contract

Sources: Master Repurchase and Securities Contract Agreement (NorthStar Real Estate Income II, Inc.)

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, or, with respect to any New Foreign Asset, reports reasonably equivalent to the foregoing in the applicable jurisdiction, each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretion.

Appears in 1 contract

Sources: Master Repurchase and Securities Contract Agreement (Colony Credit Real Estate, Inc.)

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, consultant listed on Exhibit VIII or otherwise approved by Buyer in its reasonable discretion.

Appears in 1 contract

Sources: Master Repurchase and Securities Contract Agreement (Resource Capital Corp.)