Property Condition Reports. On or before the Closing Date, Lender shall have received a property condition report for each of the Properties, which shall be prepared by an engineer or other consultant satisfactory to Lender and otherwise shall be in form and substance satisfactory to Lender in its sole discretion. Each such report shall set forth any items of deferred maintenance at the applicable Property.
Appears in 12 contracts
Samples: Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc), Loan and Security Agreement (Lodgian Inc)
Property Condition Reports. On or before the Closing Date, Lender shall have received a property condition report for each of the PropertiesIndividual Properties addressed to Lender and its successors and assigns, which shall be prepared by an engineer or other consultant reasonably satisfactory to Lender and otherwise shall be in form and substance satisfactory to Lender in its sole discretiondiscretion (collectively, the “Property Condition Reports” and individually a “Property Condition Report”). Each such report shall set forth any items of deferred maintenance at the applicable Individual Property.
Appears in 2 contracts
Samples: Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)
Property Condition Reports. On or before the Closing Date, Lender shall have received a property condition report reports for each of the PropertiesProperty addressed to Lender and its successors and assigns, which shall be prepared by an engineer or other consultant reasonably satisfactory to Lender and otherwise shall be in form and substance satisfactory to Lender in its sole discretiondiscretion (collectively, the “Property Condition Report”). Each such report Such reports shall set forth any items of deferred maintenance at the applicable Property.
Appears in 1 contract
Samples: Loan and Security Agreement (Investors Real Estate Trust)
Property Condition Reports. On or before the Closing Date, Lender shall have received a property condition report report(s) for each of the PropertiesProperties addressed to Lender and its successors and assigns, which shall be prepared by an engineer or other consultant reasonably satisfactory to Lender and otherwise shall be in form and substance satisfactory to Lender in its sole discretiondiscretion (the "Property Condition Report(s)"). Each such report Such reports shall set forth any items of deferred maintenance at any of the applicable PropertyProperties.
Appears in 1 contract
Samples: Loan and Security Agreement (Education Realty Trust, Inc.)
Property Condition Reports. On or before the Closing Date, Lender shall have received a property condition report reports for each of the Properties, which shall be prepared by an engineer or other consultant reasonably satisfactory to Lender and otherwise shall be in form and substance satisfactory to Lender in its sole discretion. Each such report Such reports shall set forth any items of deferred maintenance at the applicable each Property.
Appears in 1 contract
Samples: Loan and Security Agreement (HRPT Properties Trust)
Property Condition Reports. On or before the Closing Date, Lender -------------------------- shall have received a property condition report reports for each of the PropertiesProperties addressed to Lender and its successors and assigns, which shall be prepared by an engineer or other consultant reasonably satisfactory to Lender and otherwise shall be in form and substance satisfactory to Lender in its sole discretion. Each such report Such reports shall set forth any items of deferred maintenance at the applicable each Property.
Appears in 1 contract
