Common use of Property Condition Report Clause in Contracts

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent may reasonably require.

Appears in 6 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Tier Reit Inc), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

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Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateralcalculation of Pool Availability, addressing such matters as the Agent may reasonably require.

Appears in 4 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.), Credit Agreement (Carter Validus Mission Critical REIT II, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower or Subsidiary Guarantor and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety one hundred twenty (90120) days prior to the inclusion of such Real Estate and/or Equity Interests in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 2 contracts

Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Credit Agreement (Condor Hospitality Trust, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by the Borrower and reasonably acceptable to the Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent may reasonably require.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety sixty (9060) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Republic Property Trust)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by the Borrower and reasonably acceptable to the Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateralcalculation of Borrowing Base Availability, addressing such matters as the Agent may reasonably requirerequire (and upon the request of Agent, Borrower shall provide the foregoing to Agent with respect to the real estate securing a Borrowing Base Loan).

Appears in 1 contract

Samples: Credit Agreement (MedEquities Realty Trust, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower or Subsidiary Guarantor and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety one hundred twenty (90120) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 1 contract

Samples: Management Agreement (New Senior Investment Group Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Reit I Inc)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower or Subsidiary Guarantor and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety one hundred twenty (90120) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 1 contract

Samples: Credit Agreement (Condor Hospitality Trust, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Administrative Agent (the “Inspector”) satisfactory in form and content to the Administrative Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate Asset in the CollateralCollateral (including for the purposes hereof pursuant to the Pledge Agreement), addressing such matters as the Administrative Agent may reasonably require.

Appears in 1 contract

Samples: Revolving Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent may reasonably require.

Appears in 1 contract

Samples: Secured Master Loan Agreement (Ramco Gershenson Properties Trust)

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Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower Xxxxxxxxx and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety one hundred eighty (90180) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 1 contract

Samples: Joinder Agreement (Dupont Fabros Technology, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by the Borrower and reasonably acceptable to the Agent (the “Inspector”) reasonably satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent may reasonably require.

Appears in 1 contract

Samples: Credit Agreement (Monogram Residential Trust, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety one hundred eighty (90180) days prior to the inclusion of the Equity Interests relating to such Eligible Real Estate or property subject to an Eligible Note Receivable in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Gladstone Commercial Corp)

Property Condition Report. A As requested by the Agent, a property condition report from a firm of professional engineers or architects selected by the Borrower and reasonably acceptable to the Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety one (901) days year prior to the inclusion of such Real Estate in the CollateralCollateral (unless otherwise approved by the Agent), addressing such matters as the Agent may reasonably require.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Healthcare Trust, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by the Borrower and reasonably acceptable to the Agent (the “Inspector”) satisfactory in form and content to the Agent, dated not more than ninety one (901) days year prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent may reasonably require.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower Borrowers and reasonably acceptable to Agent (the “Inspector”) satisfactory in form and content to the AgentAgent and the Required Lenders, dated not more than ninety one hundred eighty (90180) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Agent and the Required Lenders may reasonably require.

Appears in 1 contract

Samples: Joinder Agreement (QTS Realty Trust, Inc.)

Property Condition Report. A property condition report from a firm of professional engineers or architects selected by Borrower or Subsidiary Guarantor and reasonably acceptable to the Administrative Agent (the “Inspector”) reasonably satisfactory in form and content to the Administrative Agent, dated not more than ninety (90) days prior to the inclusion of such Real Estate in the Collateral, addressing such matters as the Administrative Agent may reasonably require.

Appears in 1 contract

Samples: Secured Credit Agreement (Rouse Properties, Inc.)

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