Common use of Environmental and Engineering Clause in Contracts

Environmental and Engineering. Buyer shall have received, reviewed and approved a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos survey and operation and maintenance plan, if applicable, an engineering report, and a seismic/PML report, each in form reasonably satisfactory to Buyer, by an Approved Third-Party Provider, or such other engineer or environmental consultant as may be reasonably approved by Buyer.

Appears in 1 contract

Sources: Master Repurchase Agreement (LoanCore Realty Trust, Inc.)

Environmental and Engineering. Buyer shall have received, reviewed and approved a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos survey and operation and maintenance plan, if applicable, an engineering report, and a seismic/PML report, if applicable, each in form reasonably satisfactory to Buyer, by an Approved Third-Party Provider, or such other engineer or environmental consultant as may be reasonably approved by Buyer.

Appears in 1 contract

Sources: Master Repurchase Agreement (Resource Capital Corp.)