Common use of Environmental Reports and Certificates Clause in Contracts

Environmental Reports and Certificates. The Administrative Agent shall have received reports or, if applicable, updates of reports and other information, in form, scope and substance satisfactory to the Administrative Agent, regarding environmental matters relating to the Facilities, which reports shall include a Phase I environmental assessment for each of the Facilities listed in clause (i) of Schedule 4.5 (and so identified thereon) annexed hereto which conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process E 1527-94 and a transaction screen for each of the Facilities listed in clause (ii) of Schedule 4.5 (and so identified thereon) annexed hereto which conforms to the ASTM Standard Practice for Environmental Site Assessments: Transaction Screen Process E 1528-96. Such reports shall be conducted by one or more environmental consulting firms reasonably satisfactory to the Administrative Agent. With respect to the Facilities located in multi-tenant office buildings for which no such reports shall be provided, the Credit Parties will provide a certificate, satisfactory in form and substance to the Administrative Agent, certifying that there has been no release of hazardous substances at such Facilities and that the Credit Parties have complied with Environmental Laws in connection with such Facilities.

Environmental Reports and Certificates. The Administrative Agent shall have received reports or, if applicable, updates of reports and other information, in form, scope and substance satisfactory to the Administrative Agent, regarding environmental matters relating to the Facilities, which reports shall include a Phase I environmental assessment for each of the Facilities listed in clause (i) of Schedule 4.5 (and so identified thereon) annexed hereto to the Credit Agreement which conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process E 1527-94 and a transaction screen for each of the Facilities listed in clause (ii) of Schedule 4.5 (and so identified thereon) annexed hereto to the Credit Agreement which conforms to the ASTM Standard Practice for Environmental Site Assessments: Transaction Screen Process E 1528-96. Such reports shall be conducted by one or more environmental consulting firms reasonably satisfactory to the Administrative Agent. With respect to the Facilities located in multi-tenant office buildings for which no such reports shall be provided, provided the Credit Parties will provide a certificate, satisfactory in form and substance to the Administrative Agent, certifying that there has been no release of hazardous substances at such Facilities and that the Credit Parties have complied with Environmental Laws in connection with such Facilities.

Environmental Reports and Certificates. The Administrative Agent shall have received reports or, if applicable, updates of reports and other information, in form, scope and substance satisfactory to the Administrative AgentLenders, regarding environmental matters relating to the Facilities, which reports shall include a Phase I environmental assessment for each of the Facilities listed in clause (i) of Schedule 4.5 (and so identified thereon) annexed hereto which conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process E 1527-94 and a transaction screen for each of the Facilities listed in clause (ii) of Schedule 4.5 (and so identified thereon) annexed hereto which conforms to the ASTM Standard Practice for Environmental Site Assessments: Transaction Screen Process E 1528-96. Such reports shall be conducted by one or more environmental consulting firms reasonably satisfactory to the Administrative AgentLenders. With respect to the Facilities located in multi-tenant office buildings for which no such reports shall be provided, the Credit Parties will provide a certificate, satisfactory in form and substance to the Administrative AgentLenders, certifying that there has been no release of hazardous substances at such Facilities and that the Credit Parties have complied with Environmental Laws in connection with such Facilities.