Physical Needs Assessment Sample Clauses

Physical Needs Assessment. If, in connection with any inspection of the Mortgaged Property, Lender determines that the condition of the Mortgaged Property has deteriorated since the Effective Date, Lender may obtain, at Borrower’s expense, a physical needs assessment of the Mortgaged Property. Lender’s right to obtain a physical needs assessment pursuant to this Section 6.03(c) shall be in addition to any other rights available to Lender under this Loan Agreement in connection with any such deterioration. Any such inspection or physical needs assessment may result in Lender requiring Additional Lender Repairs or Additional Lender Replacements as further described in Section 13.02(a)(9)(B).
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Physical Needs Assessment. If the Development involves rehabilitation of existing units, the Sponsor shall provide a post-rehabilitation physical needs assessment acceptable to the Department, in accordance with instructions provided by the Department.
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Physical Needs Assessment. The Borrower shall conduct, or caused to be conducted, a physical needs assessment on the Development once every five (5) years form the date that the Construction of the Development is completed. The Borrower shall comply with all HUD requirements for conducting and documenting the physical needs assessment and shall provide the County with a copy of all documentation related to each physical needs assessment conducted, or caused to be conducted, by the Borrower.
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Physical Needs Assessment. Tenant shall, commencing twenty (20) years after the Commencement Date, perform a physical needs assessment of the Improvements; such assessment shall be undertaken in order to determine the physical condition of the Improvements and assess the need to make necessary capital improvement or repairs to the Improvements (the “Physical Needs Assessment”). Prior to the requirement to perform the Physical Needs Assessment, Tenant shall send a notice to Landlord, which notice shall set forth a schedule for the completion of the Physical Needs Assessment along with a detailed punch-list of the items required to be inspected by the Physical Needs Assessment (the “PNA Plan”). Tenant shall notify Landlord of the name and address of the engineer that will undertake the Physical Needs Assessment along with a document outlining the schedule for the completion of the Physical Needs Assessment. Landlord shall have business days to return comment on the PNA Plan. Failure to return comments shall result in the acceptance by Landlord of the PNA Plan (the “PNA Comment Period”). Within business days of PNA Comment Period, Tenant shall cause its selected engineer to perform the Physical Needs Assessment in accordance with the final PNA Plan. Upon the completion by Xxxxxx’s engineer of the Physical Needs Assessment, which completion shall occur within calendar days from the expiration of the PNA Comment Period, Tenant shall cause a copy of the Physical Needs Assessment to be sent to Landlord. Landlord shall review the Physical Needs Assessment report and within business days from the receipt of said report send a list of the required repairs to the Improvements (the “PNA Repairs”). The cost of conducting the Physical Needs Assessment and the cost of making the PNA Repairs shall be the sole responsibility of Tenant; failure to undertake the completion of the Physical Needs Assessment and the PNA Repairs shall be an Event of Default under this Lease.
Sample 1
Physical Needs Assessment. City may require a physical needs assessment for the Project conducted by a consultant acceptable to City, and if First Community Housing Loan Agreement T-26686/1010369 9/24/2013 additional capital improvements or rehabilitation or replacement of capital improvements is called for by the assessment, the City may require a plan for capital improvements and additional deposits into Replacement Reserve.
Sample 1
Physical Needs Assessment. If the Affordable Housing Development involves rehabilitation of existing units, the Sponsor shall provide a physical needs assessment acceptable to the Department, in accordance with instructions provided by the Department. AHSC Loan - Rental Affordable Housing Development NOFA Date: 01/30/15 Rev. Date: 10/22/15 Prep Date:
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Physical Needs Assessment. If the Affordable Housing Development involves rehabilitation of existing units, the Sponsor shall provide a physical needs assessment acceptable to the Department, in accordance with instructions provided by the Department.
Sample 1
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Related to Physical Needs Assessment

  • Risk Assessments a. Risk Assessment - Transfer Agent shall, at least annually, perform risk assessments that are designed to identify material threats (both internal and external) against Fund Data, the likelihood of those threats occurring and the impact of those threats upon the Transfer Agent organization to evaluate and analyze the appropriate level of information security safeguards (“Risk Assessments”).

  • Environmental Review (a) Buyer shall have the right to conduct or cause a consultant (“Buyer’s Environmental Consultant”) to conduct an environmental review of the Assets and Seller’s records pertaining to the Assets (as set forth in Section 3.01) prior to the expiration of the Examination Period (“Buyer’s Environmental Review”). The cost and expense of Buyer’s Environmental Review, if any, shall be borne solely by Buyer. The scope of work comprising Buyer’s Environmental Review shall not include any intrusive test or procedure without the prior written consent of Seller. Buyer shall (and shall cause Buyer’s Environmental Consultant to): (i) consult with Seller before conducting any work comprising Buyer’s Environmental Review, (ii) perform all such work in a safe and workmanlike manner and so as to not unreasonably interfere with Seller’s operations and (iii) comply with all applicable laws, rules, and regulations. Seller shall use commercially reasonable efforts to obtain any Third Party consents and otherwise cooperate with Buyer in conducting Buyer’s Environmental Review and any activities related thereto. Seller shall have the right to have a representative or representatives accompany Buyer and Buyer’s Environmental Consultant at all times during Buyer’s Environmental Review. With respect to any samples taken in connection with Buyer’s Environmental Review, Buyer shall take split samples, providing one of each such sample, properly labeled and identified, to Seller. The Parties shall execute a “common undertaking” letter regarding the confidentiality for the Environmental Review where appropriate. Buyer hereby agrees to release, defend, indemnify and hold harmless Seller from and against all claims, losses, damages, costs, expenses, causes of action and judgments of any kind or character (INCLUDING THOSE RESULTING FROM SELLER’S SOLE, JOINT, COMPARATIVE OR CONCURRENT NEGLIGENCE OR STRICT LIABILITY) to the extent arising out of Buyer’s Environmental Review. Buyer hereby covenants and agrees that it will have at least $2,000,000 of general liability insurance to cover its indemnification hereunder prior to the commencement of the Environmental Review.

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