Common use of Phase I Environmental Report Clause in Contracts

Phase I Environmental Report. Lender may at its option obtain, in each instance, at its expense, a new phase I environmental report with respect to the Property, and such reasonable additional environmental studies as may be recommended in such phase I reports.

Appears in 4 contracts

Samples: Deed of Trust, Security Agreement (Shelbourne Properties Ii Inc), Deed of Trust, Security Agreement (Shelbourne Properties Ii Inc), Mortgage, Security Agreement (Shelbourne Properties I Inc)

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Phase I Environmental Report. Lender may at its option obtain, in each instance, at its expense, a new phase I environmental report with respect to the Property, and such reasonable additional environmental studies as may be recommended in such phase I reports.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Shelbourne Properties Iii Inc)

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