Common use of Environmental and Engineering Clause in Contracts

Environmental and Engineering. Buyer shall have received a "Phase 1" (and, if necessary, "Phase 2") 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, each as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time by Seller or Buyer upon approval by Buyer in its reasonable discretion.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Capital Trust Inc), Master Repurchase Agreement (Capital Trust Inc)

Environmental and Engineering. Buyer shall have received a "“Phase 1" ” (and, if necessary, "“Phase 2"”) 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, each as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time by Seller or Buyer upon approval by Buyer in its reasonable discretion.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Capital Trust Inc), Master Repurchase Agreement (Capital Trust Inc)

Environmental and Engineering. Buyer shall have received received, reviewed and approved a "“Phase 1" ” (and, if necessary, "“Phase 2"”) environmental report, an asbestos surveysurvey and operation and maintenance plan, if applicable, and an engineering report, and a seismic/PML report, if applicable, each in form reasonably satisfactory to Buyer, by an engineer and an or environmental consultant, each consultant as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time approved by Seller or Buyer upon approval by Buyer Buyer, in its reasonable sole discretion, applied in good faith.

Appears in 1 contract

Sources: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)

Environmental and Engineering. Buyer shall have received a "“Phase 1" ” (and, if necessaryrequested by Buyer, "“Phase 2"”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to BuyerBuyer in its sole discretion, by an engineer and an or environmental consultant, each as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time by Seller or Buyer upon approval consultant approved by Buyer in its reasonable sole discretion.

Appears in 1 contract

Sources: Master Repurchase Agreement (Dividend Capital Total Realty Trust Inc.)