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 and an environmental consultant, approved by Buyer 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)

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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 and an or environmental consultant, consultant as may be reasonably approved by Buyer in its reasonable discretionBuyer.

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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

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 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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Capital Trust Inc), Master Repurchase 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 or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

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)

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, approved each as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time by Seller or Buyer upon approval by Buyer 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, approved each as listed on Schedules 5 and 6, respectively, as such schedules may be amended from time to time by Seller or Buyer upon approval by Buyer 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 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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

Appears in 2 contracts

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

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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

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, each in form reasonably satisfactory to Buyer, by an Approved Third-Party Provider, or such other engineer and an or environmental consultant, consultant as may be reasonably approved by Buyer in its reasonable discretionBuyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (LoanCore Realty 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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyers.

Appears in 1 contract

Samples: Master Repurchase Agreement (Capital Trust 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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionBuyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Capital 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 engineer and an or environmental consultant, consultant as may be approved by Buyer Buyer, in its reasonable sole discretion, applied in good faith.

Appears in 1 contract

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

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 and an or environmental consultant, consultant reasonably approved by Buyer in its reasonable discretionsuch Buyer.

Appears in 1 contract

Samples: Master Repurchase Agreement (Capital 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 and an or environmental consultant, consultant as may be reasonably approved by Buyer in its reasonable discretionBuyer.

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 and an or environmental consultant, consultant approved by Buyer in its reasonable sole discretion.

Appears in 1 contract

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

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