Seismic Report definition

Seismic Report means the Seismic Risk Assessment Report dated October 18, 2017 prepared by Global Realty Services Group regarding Big Lots Industrial Project Located at the SWC of Navajo Road and Lafayette Road.
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Seismic Report means a report in form and substance satisfactory to Lender, made by an inspector of Lender’s choosing, which assesses the earthquake risk of proposed Collateral Pool Properties. Seismic Reports shall be ordered by Lender at Borrower’s expense.
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Seismic Report means, with respect to a Real Property, a seismic assessment for such Real Property (in form and substance reasonably acceptable to the Administrative Agent) commissioned by the Borrower and either addressed to the Administrative Agent or in respect of which the Administrative Agent has received a reliance letter in form and substance reasonably acceptable to the Administrative Agent (it being agreed that such reliance letter need not re-date any statement made in such seismic assessment), prepared by a qualified firm reasonably acceptable to the Administrative Agent, it being agreed that the Seismic Report in the form of the template approved by the Administrative Agent on or prior to the Effective Date is acceptable to the Administrative Agent.
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Examples of Seismic Report in a sentence

  • Both the Mortgage Review Fee and the Seismic Report Fee, if any, shall be deemed earned upon delivery thereof, whether or not Lender approves or disapproves such real property for addition hereunder.

  • Upon Lender's receipt of the Mortgage Review Fee, the Seismic Report Fee, if and as applicable, and all Underwriting Materials, Lender shall notify Borrower or Proposed Borrower of the same.

  • Lender acknowledges that, in addition to Borrower’s obligations under Section 5.1.6, Borrower has paid to Lender, as consideration for Lender’s costs in underwriting the transaction contemplated hereby, a Mortgage Review Fee and a Seismic Report Fee, if and as applicable, for each property described at Schedule 1.1(A) and proposed by Borrower to be included in the Collateral Pool on the Closing Date.

  • With respect to each Loan, the Seller must remit to F▇▇▇▇▇▇ Mac, as additional consideration for F▇▇▇▇▇▇ Mac's costs in underwriting the transactions contemplated hereby, a non-refundable fee in the amount of Five Thousand and 00/100 Dollars ($5,000.00) (the "Mortgage Review Fee") and a Seismic Report Fee, as applicable.

  • Upon Lender’s receipt of the Mortgage Review Fee, the Seismic Report Fee, if and as applicable, and all Underwriting Materials, Lender shall notify Borrower or Proposed Borrower of the same.

  • The Seismic Report will be ordered by Lender at Borrower’s expense.

  • The Mortgage Review Fee and a Five Hundred and 00/100 Dollar ($500.00) deposit for the Seismic Report Fee, if applicable, shall be paid at the same time as the Application Fee pursuant to the terms of the Guide.

  • The Seismic Report, among other matters, describes the conditions of the soils of the Property and points out that in the area of the Property where the Premises are located, an earthquake of magnitude 7 or greater is likely to cause the ground under and around the Premises to spread laterally to a distance of ten (10) or more feet and/or result in other risks.

  • Lender acknowledges that, in addition to Borrower's obligations under SECTION 5.1.6, Borrower has paid to Lender, as consideration for Lender's costs in underwriting the transaction contemplated hereby, a Mortgage Review Fee and a Seismic Report Fee, if and as applicable, for each property described at SCHEDULE 1.1(A) and proposed by Borrower to be included in the Collateral Pool on the Closing Date.

  • A Seismic Report is required on all properties located in Seismic Zone 3 or 4 as designated in the 1997 edition of the Uniform Building Code.


More Definitions of Seismic Report

Seismic Report means the detailed seismic assessment prepared by Aurecon dated April 2019 and which identifies those buildings on the Land that have an Earthquake Rating of less than 67%; Seismic Works means together, all of the:
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Seismic Report has the meaning set forth under Schedule 4.8.
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Seismic Report. The following reports and correspondence are added to Schedule 3:
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Seismic Report means the Seismic Risk Assessment Report dated October 18, 2017 prepared by Global Realty Services Group regarding Big Lots Industrial Project Located at the SWC of Navajo Road and Lafayette Road. “Shares” shall have the meaning given to such term in Section 6.1(b) of the Participation Agreement. “SOFR” shall mean, with respect to any day, the secured overnight financing rate published for such day by the SOFR Administrator on the SOFR Administrator’s Website at approximately 2:30 p.m. on the next succeeding U.S. Government Securities Business Day. “SOFR Administrator” shall mean the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). “SOFR Administrator’s Website” shall mean the website of the Federal Reserve Bank of New York, currently at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. “SOFR Lessor Advance” shall mean a Lessor Advance bearing a Lessor Yield based on the Term SOFR Reference Rate. “Soft Costs” shall mean (a) all costs which are ordinarily and reasonably incurred in relation to the acquisition, development, leasing, financing, installation, construction, improvement and testing of the Property other than Hard Costs, including Off-Site Construction Costs, Fees, legal fees, broker fees, upfront fees, fees of the Construction Consultant, fees and expenses related to appraisals, title examinations, title insurance, document recordation, documentary stamp Taxes, intangible Taxes, surveys, environmental site assessments, geotechnical soil investigations and similar costs and professional fees customarily associated with a real estate purchase and closing and (b) the settlement amounts described in Schedule XVII to the Participation Agreement. “Solvent” and “Solvency” shall mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such P...
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Related to Seismic Report

  • RBC report means the report required by K.S.A. 40-2c02, and amendments thereto.

  • Periodic Report means the Company’s quarterly report on Form 10-Q or annual report on Form 10-K, as applicable.

  • SEC Report means, with respect to any Calendar Quarter, the Corporation’s Annual Report on Form N-CSR, Semi-Annual Report on Form N-SAR, or Quarterly Report on Form N-Q, as applicable, filed by the Corporation with the Securities and Exchange Commission with respect to the fiscal period ending as of the last day of such Calendar Quarter.

  • Public Reports includes all reports filed by Company under the Act or the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, for the two full fiscal years preceding the Effective Date and thereafter.

  • Engineering Report means the Initial Engineering Report and each engineering report delivered pursuant to Section 6.2.