Common use of Environmental Audits Clause in Contracts

Environmental Audits. The Company will not make any Investment, Mortgage Loan or Construction Loan otherwise permitted by Section 7.25(e), 7.26 or 7.27, respectively, unless the Company shall have first received a Phase I environmental audit report with respect to the property involved, which audit shall have been conducted not earlier than twenty-four (24) months prior to the date of the transaction, a copy of such audit shall have been furnished to the Banks, and such audit shall not have reported or uncovered any environmental matters which could have a material adverse effect on such property or on the financial condition, properties or business of the Company.

Environmental Audits. The Company will not make any Investment, Mortgage Loan or Construction Loan otherwise permitted by Section 7.25(e5.25(e), 7.26 5.26 or 7.275.27, respectively, unless the Company shall have first received a Phase I environmental audit report with respect to the property involved, which audit shall have been conducted not earlier than twenty-four (24) months prior to the date of the transaction, a copy of such audit shall have been furnished to the BanksLenders, and such audit shall not have reported or uncovered any environmental matters which could have a material adverse effect on such property or on the financial condition, properties or business of the Company.

Environmental Audits. The Company will not make any Investment, Mortgage Loan or Construction Loan otherwise permitted by Section 7.25(eSections 7.26(e), 7.26 7.27 or 7.277.28, respectively, unless the Company shall have first received a Phase phase I environmental audit report with respect to the property involved, which audit shall have been conducted not earlier than twenty-four (24) months prior to the date of the transaction, a copy of such audit shall have been furnished to the Banks, and such audit shall not have reported or uncovered any environmental matters which could have a material adverse effect on such property or on the financial condition, properties or business of the Company.environmental

Environmental Audits. The Company will not make any Investment, Mortgage Loan or Construction Loan otherwise permitted by Section 7.25(eSection 7.26(e), 7.26 7.27 or 7.277.28, respectively, unless the Company shall have first received a Phase phase I environmental audit report with respect to the property involved, which audit shall have been conducted not earlier than twenty-four (24) months prior to the date of the transaction, a copy of such audit shall have been furnished to the Banks, and such audit shall not have reported or uncovered any environmental matters which could have a material adverse effect on such property or on the financial condition, properties or business of the Company.