ENVIRONMENTAL REPORT AND QUESTIONNAIRE Clause Samples
ENVIRONMENTAL REPORT AND QUESTIONNAIRE. The Administrative Agent shall have received Phase I environmental assessments as of a recent date prepared by an environmental consulting firm as shall be acceptable to the Administrative Agent, a completed environmental disclosure questionnaire and such other information with respect to the ownership and past use of the Mortgaged Properties relating to such Hydrocarbon Interests as the Administrative Agent and the Lenders may reasonably request, and such reports and questionnaire shall be satisfactory in form, substance and scope to the Administrative Agent and the Required Lenders.
ENVIRONMENTAL REPORT AND QUESTIONNAIRE. The Administrative Agent shall have received copies of existing Phase I environmental assessments in the Borrower's possession with respect to the Mortgaged Properties and completed and current environmental disclosure questionnaires and such other information with respect to the ownership and past use of the Mortgaged Properties included in the initial determination of the Borrowing Base as the Administrative Agent and the Lenders may reasonably request, and such reports and questionnaire shall be satisfactory in form, substance and scope to the Administrative Agent and the Lenders.