Common use of Environmental Reports Clause in Contracts

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the Property, in each case satisfactory in form and substance to Lender.

Appears in 11 contracts

Samples: Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)

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Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the each Individual Property, in each case satisfactory in form and substance to Lender.

Appears in 9 contracts

Samples: Loan Agreement (Sabre Corp), Loan Agreement (Capitalsource Inc), Junior Mezzanine Loan Agreement (Sunstone Hotel Investors, Inc.)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the Property, in each case satisfactory in form and substance to Lender.

Appears in 9 contracts

Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Loan Agreement (Eagle Hospitality Properties Trust, Inc.), Loan Agreement (Maguire Properties Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the each Individual Property, in each case reasonably satisfactory in form and substance to Lender.

Appears in 6 contracts

Samples: Mezzanine Loan Agreement (Wyndham International Inc), Loan Agreement (Wyndham International Inc), Loan Agreement (Highland Hospitality Corp)

Environmental Reports. Lender shall have received a Phase I environmental report reports (and, if where recommended by the such Phase I environmental reportreports, a Phase II environmental reportreports) in respect of the Property, in each case Property that are satisfactory in form and substance to Lender.

Appears in 4 contracts

Samples: Mezzanine Loan Agreement (Strategic Hotel Capital Inc), Loan Agreement (Strategic Hotel Capital Inc), Mezzanine Loan Agreement (Strategic Hotel Capital Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the each Property, in each case satisfactory in form and substance to Lender.

Appears in 3 contracts

Samples: Loan Agreement (MPG Office Trust, Inc.), Loan Agreement (MPG Office Trust, Inc.), Loan Agreement (Maguire Properties Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the Property, in each case reasonably satisfactory in form and substance to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Thomas Properties Group Inc), Loan Agreement (Thomas Properties Group Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental reportindicated, a Phase II environmental report) report in respect of the each Individual Property, in each case satisfactory in form and substance to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Lodgian Inc), Loan Agreement (Servico Market Center Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (for each Parcel which must be reasonably satisfactory to Lender, and, if recommended deemed necessary by the Phase I environmental reportLender, a Phase II environmental report) report satisfactory to Lender in respect of any or all of the PropertyParcels, in each case satisfactory in form and substance with such reports to be prepared by a firm acceptable to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Banyan Strategic Realty Trust), Loan Agreement (Banyan Strategic Realty Trust)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in each case from licensed engineers satisfactory to Lender in respect of the each Property, and otherwise satisfactory in each case form and substance to Lender, and either addressed to Lender, and its successors and assigns, or Lender shall also have received reliance letters, satisfactory in form and substance to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust Inc), Loan Agreement (Cole Credit Property Trust III, Inc.)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental reportindicated, a Phase II environmental report) report in respect of the Property, in each case satisfactory in form and substance to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Servico Market Center Inc), Loan Agreement (Servico Market Center Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) (collectively, the “Environmental Reports”) in respect of the Property, in each case reasonably satisfactory in form and substance to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Lowell Farms Inc.), Loan Agreement

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the Property, in each case satisfactory in form and substance reasonably satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the each Individual Property, in each case satisfactory in form and substance to LenderLender and the Rating Agencies.

Appears in 2 contracts

Samples: Loan Agreement (Entertainment Properties Trust), Loan Agreement (Entertainment Properties Trust)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental reportapplicable, a Phase II environmental report) , in respect of the each Individual Property, in each case satisfactory in form and substance to LenderLender in its sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Inc)

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Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in each case from licensed engineers satisfactory to Lender in respect of the Property, and otherwise satisfactory in each case form and substance to Lender, and either addressed to Lender, and its successors and assigns, or Lender shall also have received reliance letters, satisfactory in form and substance to Lender.

Appears in 1 contract

Samples: Loan Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

Environmental Reports. Lender shall have received a an existing Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the Propertyeach Fee Estate, in each case satisfactory in form and substance to Lender.

Appears in 1 contract

Samples: Loan Agreement (Manufactured Housing Properties Inc.)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental reportrecommended, a Phase II environmental report) in respect of the Property, in each case Mortgaged Property that is satisfactory in form and substance to Lender.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Environmental Reports. Lender shall have received a Phase I --------------------- environmental report (and, if recommended by the Phase I environmental reportapplicable, a Phase II environmental report) , in respect of the Propertyeach Additional Property to be encumbered by a Mortgage in connection with such Subsequent Advance, in each case satisfactory in form and substance to LenderLender in its reasonable discretion.

Appears in 1 contract

Samples: Loan Agreement (Prentiss Properties Trust/Md)

Environmental Reports. Mezzanine Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the each Individual Property, in each case satisfactory in form and substance to Lender.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Entertainment Properties Trust)

Environmental Reports. Lender shall have received a Phase I environmental report reports (and, if where recommended by the such Phase I environmental reportreports, a Phase II environmental reportreports) in respect of the Property, in each case Property that are satisfactory in form and substance to Lender.

Appears in 1 contract

Samples: Loan Agreement (Colony Resorts LVH Acquisitions LLC)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the PropertyProperties, in each case satisfactory in form and substance to Lender.

Appears in 1 contract

Samples: Loan Agreement (Maguire Properties Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the each Individual Property, in each case satisfactory in form and substance reasonably satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Environmental Reports. Lender shall have received a Phase I environmental report (and, if recommended by the Phase I environmental report, a Phase II environmental report) in respect of the each Individual Property, in each case reasonably satisfactory in form and substance to Lender.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

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