Physical Condition Report definition

Physical Condition Report means the report(s) regarding the physical inspection of the Land and Improvements listed on Schedule 1.1(C).

Physical Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion, which report shall, among other things, (i) confirm that the Property and its use comply, in all material respects, with all applicable Legal Requirements (including zoning, subdivision and building laws), and (ii) include a copy of a final certificate of occupancy with respect to all Improvements.

Physical Condition Report means, with respect to each Collateral Property, a structural engineering report prepared by a company satisfactory to Administrative Agent regarding the physical condition of such Collateral Property, satisfactory in form and substance to Administrative Agent in its reasonable discretion, which report shall, among other things, (a) confirm that such Collateral Property and its use complies, in all material respects, with all applicable Legal Requirements (including, without limitation, zoning, subdivision and building laws) and (b) include a copy of a final certificate of occupancy with respect to all Improvements on such Collateral Property.

Examples of Physical Condition Report in a sentence

• The draft strategy also highlights the importance of finding solutions for hard-to-abate-sectors.

• To demonstrate Lessee’s compliance with obligations and requirements of this Lease, Lessee shall, at its sole cost and expense, provide a Final Physical Condition Report and the EBS Reports (each as herein after defined and collectively referred to as, the “Closeout Reports”).

• Except as may otherwise be disclosed in the Physical Condition Report, all approvals, licenses and permits required from Governmental Authorities under applicable Legal Requirements in connection with the current phase of construction of the Improvements have been obtained and Borrower has no actual knowledge of any information suggesting that approvals, licenses and permits for future phases of construction will not be received in a timely manner.

• Except as may otherwise be disclosed in the Physical Condition Report, neither the zoning nor any other right to construct, use or operate any Improvements is to any extent dependent upon or related to any real estate other than the Property on which such Improvements are located.

• Except as disclosed in any Environmental Report, Physical Condition Report or Survey, Borrowers and the Collateral Properties and the ownership, operation and use thereof comply in all material respects with all applicable Legal Requirements, including, without limitation, all Environmental Laws, building and zoning ordinances and codes.

More Definitions of Physical Condition Report

Physical Condition Report means, with respect to each Individual Property, a structural engineering report prepared and delivered in connection with the Loan regarding the physical condition of such Individual Property.

Physical Condition Report means the report prepared by the Developer after the expiration or earlier termination of the Lease used by AFRH to determine whether Xxxxxx has fulfilled its obligations to maintain and restore the Leased Premises under this Lease.

Physical Condition Report means that certain physical condition report set forth on Schedule VII hereto.

Physical Condition Report means that certain property condition report prepared by CBRE, Inc. – Assessment and Consulting Services and dated March 2, 2017 in favor of Lender in connection with the closing of the Loan.

Physical Condition Report means, with respect to each Collateral Property, a structural engineering report prepared by a company satisfactory to the Required Lenders regarding the physical condition of such Collateral Property, satisfactory in form and substance to the Required Lenders in its reasonable discretion.

Physical Condition Report means the report(s) regarding the physical inspection of the Land and Improvements listed on Schedule 1.1(E). “Plans and Specifications” means the final drawings, plans and specifications for the development and construction of each component part of theConstruction (as the same may be amended in accordance with the provisions permitted by this Agreement), as applicable, which plans and specificationsand all amendments thereto shall be (i) subject to Lender’s approval, to the extent required herein, which approval shall not be unreasonably withheld or delayed, and (ii) in accordance with all applicable Legal Requirements. The Plans and Specifications for the Project are identified in Schedule 1.1(F).

Physical Condition Report means, with respect to each Individual Property, a report prepared by a company reasonably satisfactory to Lender regarding the physical conditions of such Individual Property, in form and substance reasonably satisfactory to Lender and consistent with Lender’s then underwriting criteria.