Common use of Structural Engineering Report Clause in Contracts

Structural Engineering Report. If required by Lender, Lender shall have received and approved from an independent, licensed engineer reasonably acceptable to Lender, a report (the "Structural Engineering Report") certifying to Lender that each of the Properties and the properties subject to the Asset Loans is structurally sound and is in good order and repair, identifying, among other things, any deferred maintenance for the Properties and the properties subject to the Asset Loans and the cost thereof, providing a 10-year schedule of anticipated capital expenditures and the per annum costs thereof, and setting forth recommendations of remedial repairs, capital improvements and replacements which should be undertaken.