Common use of Environmental and Engineering Clause in Contracts

Environmental and Engineering. Buyer shall have received a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably approved by Buyer.

Appears in 3 contracts

Samples: Master Repurchase Agreement (CBRE Realty Finance Inc), Master Repurchase Agreement (Ny Credit Corp.), Master Repurchase Agreement (CBRE Realty Finance Inc)

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Environmental and Engineering. Buyer shall have received a "Phase 1" (and, if necessary, "Phase 2") environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably approved by Buyer.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Northstar Realty), Master Repurchase Agreement (Northstar Realty), Master Repurchase Agreement (Anthracite Capital Inc)

Environmental and Engineering. Buyer shall have received received, reviewed and approved a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos surveysurvey and operation and maintenance plan, if applicable, and an engineering report, and a seismic/PML report, if applicable, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant as may be reasonably approved by Buyer.

Appears in 3 contracts

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

Environmental and Engineering. Buyer shall have received a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or and an environmental consultant reasonably consultant, approved by BuyerBuyer in its reasonable discretion.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp), Master Repurchase Agreement (Gramercy Capital Corp)

Environmental and Engineering. Buyer shall have received a satisfactory “Phase 1” (and, if necessary, a satisfactory “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably approved by Buyer.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Capital Trust Inc), Bailee Agreement (Capital Trust Inc), Master Repurchase Agreement (American Mortgage Acceptance Co)

Environmental and Engineering. Buyer shall have received a "Phase 1" (and, if necessary, "Phase 2") 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, each as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time by Seller or environmental consultant reasonably approved Buyer upon approval by BuyerBuyer in its reasonable discretion.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Capital Trust Inc), Master Repurchase Agreement (Capital Trust Inc)

Environmental and Engineering. Buyer shall have received a “Phase 1” (and, if necessary, “Phase 2”) 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, each as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time by Seller or environmental consultant reasonably approved Buyer upon approval by BuyerBuyer in its reasonable discretion.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Capital Trust Inc), Capital Trust Inc

Environmental and Engineering. Buyer shall have received a satisfactory "Phase 1" (and, if necessary, a satisfactory "Phase 2") environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably approved by Buyer.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Winthrop Realty Trust), Master Repurchase Agreement (Capital Trust Inc)

Environmental and Engineering. Buyer shall have received a “Phase 1I” (and, if necessaryrecommended by the Phase I, a “Phase 2II”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or and an environmental consultant reasonably consultant, approved by BuyerBuyer in its reasonable discretion.

Appears in 2 contracts

Samples: Bailee Agreement (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (Starwood Property Trust, Inc.)

Environmental and Engineering. Buyer shall have received a "Phase ----------------------------- 1" (and, if necessary, "Phase 2") environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably approved by Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (LNR Property Corp)

Environmental and Engineering. Buyer shall have received a “Phase 1” (and, if necessaryrequested by Buyer, “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably approved by Buyer.

Appears in 1 contract

Samples: Bailee Agreement (Capital Trust Inc)

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Environmental and Engineering. The applicable Buyer shall have received a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to such Buyer, by an engineer or environmental consultant reasonably approved by such Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Capital Trust Inc)

Environmental and Engineering. Buyer If available, Buyers shall have received a "Phase 1" (and, if necessary, "Phase 2") environmental report, an asbestos survey, if applicable, survey and an engineering report, each in form reasonably satisfactory to BuyerBuyers, by an engineer or environmental consultant reasonably approved by BuyerBuyers.

Appears in 1 contract

Samples: Master Repurchase Agreement (Capital Trust Inc)

Environmental and Engineering. Buyer shall have received a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, with respect to each Mortgaged Property or Underlying Mortgaged Property each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably approved by Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Resource Capital Corp.)

Environmental and Engineering. Buyer shall have received a “Phase 1” (and, if necessaryrequested by Buyer, “Phase 2”) environmental report, an asbestos survey, if applicable, and an engineering report, each in form reasonably satisfactory to BuyerBuyer in its sole discretion, by an engineer or environmental consultant reasonably approved by BuyerBuyer in its sole discretion.

Appears in 1 contract

Samples: Master Repurchase Agreement (Dividend Capital Total Realty Trust Inc.)

Environmental and Engineering. Buyer shall have received received, reviewed and approved a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos surveysurvey and operation and maintenance plan, if applicable, and an engineering report, and a seismic/PML report, if applicable, each in form reasonably satisfactory to Buyer, by an Approved Third-Party Provider, or such other engineer or environmental consultant as may be reasonably approved by Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Resource Capital Corp.)

Environmental and Engineering. Buyer shall have received received, reviewed and approved a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos surveysurvey and operation and maintenance plan, if applicable, and an engineering report, and a seismic/PML report, if applicable, each in form reasonably satisfactory to Buyer, by an engineer or environmental consultant reasonably as may be approved by Buyer, in its sole discretion, applied in good faith.

Appears in 1 contract

Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)

Environmental and Engineering. Buyer shall have received received, reviewed and approved a “Phase 1” (and, if necessary, “Phase 2”) environmental report, an asbestos surveysurvey and operation and maintenance plan, if applicable, and an engineering report, and a seismic/PML report, each in form reasonably satisfactory to Buyer, by an Approved Third-Party Provider, or such other engineer or environmental consultant as may be reasonably approved by Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (LoanCore Realty Trust, Inc.)

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