Common use of Environmental Report Clause in Contracts

Environmental Report. An environmental site assessment report or reports of one or more qualified environmental engineering or similar inspection firms approved by Agent, which report or reports shall indicate the condition of the Land and any existing improvements thereon in all respects satisfactory to Agent in its sole discretion, and upon which report or reports Agent and Lenders are expressly entitled to rely.

Appears in 3 contracts

Samples: Revolving Credit Construction Loan Agreement (Wci Communities Inc), Credit Construction Loan Agreement (Wci Communities Inc), Credit Construction Loan Agreement (Wci Communities Inc)

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Environmental Report. An environmental site assessment report or reports of one or more qualified environmental engineering or similar inspection firms approved by Agentthe Lender, which report or reports shall indicate the a condition of the Land and any existing improvements thereon in all respects satisfactory to Agent the Lender in its sole discretion, discretion and upon which report or reports Agent and Lenders are the Lender is expressly entitled to rely.

Appears in 2 contracts

Samples: Loan and Security Agreement (Griffin Industrial Realty, Inc.), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

Environmental Report. An environmental site assessment report or reports of one or more qualified environmental engineering or similar inspection firms approved by Agentthe Lender, which report or reports shall indicate the a condition of the Land and any existing improvements thereon in compliance with all Requirements and in all respects satisfactory to Agent the Lender in its sole discretion, discretion and upon which report or reports Agent and Lenders are the Lender is expressly entitled to rely.

Appears in 2 contracts

Samples: Loan Agreement (Sepracor Inc /De/), Loan Agreement (Sepracor Inc /De/)

Environmental Report. An environmental site assessment report or reports of one or more qualified environmental engineering or similar inspection firms approved by the Agent, which report or reports shall indicate the a condition of the Land and any existing improvements thereon in compliance with all Requirements and in all respects satisfactory to the Agent in its sole discretion, discretion and upon which report or reports the Agent and Lenders the Banks are expressly entitled to rely.

Appears in 2 contracts

Samples: Construction Loan Agreement (Walden Residential Properties Inc), Construction Loan Agreement (Walden Residential Properties Inc)

Environmental Report. An environmental site assessment report or reports of one or more qualified environmental engineering or similar inspection firms approved by Agentthe Lender, which report or reports shall indicate the a condition of the Land and any existing improvements improve­ments thereon in all respects satisfactory to Agent in the Lender in­ its sole discretion, discretion and upon which report or reports Agent and Lenders are the Lender is expressly entitled to rely.

Appears in 2 contracts

Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)

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Environmental Report. An environmental site assessment -------------------- report or reports of one or more qualified environmental engineering or similar inspection firms approved by the Agent in form, scope and substance satisfactory to the Agent, which report or reports shall indicate the a condition of the Land and any existing improvements thereon in all respects satisfactory to the Agent in its sole discretion, discretion and upon which report or reports the Agent and Lenders are is expressly entitled to rely.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P)

Environmental Report. An environmental site assessment report or reports of one or more qualified environmental engineering or similar inspection firms reasonably approved by Agent, which report or reports shall indicate no adverse change to the condition of the Land and any existing improvements thereon from the condition set forth in reports previously reviewed and approved by Agent that indicated compliance with all Requirements and were in all respects reasonably satisfactory to Agent in its sole discretion, and upon which report or reports Agent and Lenders are expressly entitled to rely.

Appears in 1 contract

Samples: Construction Loan Agreement (CNL Growth Properties, Inc.)

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