Common use of Environmental and Engineering Clause in Contracts

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretion.

Appears in 11 contracts

Samples: Repurchase and Securities Contract Agreement (BrightSpire Capital, Inc.), Master Repurchase and Securities Contract Agreement (Ares Commercial Real Estate Corp), Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.)

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Environmental and Engineering. A “Phase I1” (and, if recommended requested by the Phase IBuyer, a “Phase II2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

Appears in 10 contracts

Samples: Master Repurchase Agreement (ARC Realty Finance Trust, Inc.), Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.), Uncommitted Master Repurchase Agreement (Colony Financial, Inc.)

Environmental and Engineering. A “Phase I1” (and, if recommended requested by the Phase IPurchaser, a “Phase II2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to BuyerPurchaser, by an engineer and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionPurchaser.

Appears in 8 contracts

Samples: Master Repurchase Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (FS Credit Real Estate Income Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.)

Environmental and Engineering. A “Phase I1” (and, if recommended by the Phase Iapplicable, a “Phase II2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

Appears in 4 contracts

Samples: Securities Contract Agreement (Terra Property Trust, Inc.), Securities Contract Agreement (Terra Secured Income Fund 5, LLC), Securities Contract Agreement (FS Credit Real Estate Income Trust, Inc.)

Environmental and Engineering. A “Phase I1” (and, if recommended by the Phase I, a such “Phase II1”, “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to BuyerPurchaser, by an engineer and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionPurchaser.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (TPG RE Finance Trust, Inc.), Master Repurchase Agreement (Benefit Street Partners Realty Trust, Inc.)

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to BuyerAdministrative Agent, on behalf of Buyers, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretionAdministrative Agent.

Appears in 2 contracts

Samples: Bailee Agreement (FS Credit Real Estate Income Trust, Inc.), Bailee Agreement (ACRES Commercial Realty Corp.)

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Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, [NEWYORK 3032673_23] each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretion.

Appears in 1 contract

Samples: Master Repurchase and Securities Contract Agreement (NorthStar Real Estate Income II, Inc.)

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, or, with respect to any New Foreign Asset, reports reasonably equivalent to the foregoing in the applicable jurisdiction, each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, approved by Buyer in its reasonable discretion.

Appears in 1 contract

Samples: Bailee Agreement (Colony Credit Real Estate, Inc.)

Environmental and Engineering. A “Phase I” (and, if recommended by the Phase I, a “Phase II”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer and an environmental consultant, consultant listed on Exhibit VIII or otherwise approved by Buyer in its reasonable discretion.

Appears in 1 contract

Samples: Bailee Agreement (Resource Capital Corp.)

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