Common use of Property Documents Clause in Contracts

Property Documents. Lender shall have received the following documents with respect to the Property in form and substance acceptable to Lender: (i) an Appraisal; (ii) American Land Title Association Lender’s policy of title insurance or a commitment to issue such policy, from Chicago Title Insurance Company or another title company acceptable to Lender, in the amount of the Loan, insuring the Security Instrument as a first Lien subject only to Permitted Liens, with endorsements as required by Lender and to the extent available, and otherwise in form and substance acceptable to Lender and Lender’s counsel; (iii) if required to obtain acceptable title insurance, a survey (or update of a survey) in the form described in Section 3.1(c); (iv) an environmental audit for the Property, conducted by an environmental engineering firm acceptable to Lender, and satisfactory evidence that Borrower and the Property are in compliance in all material respects with all Environmental Laws the violation of which could have a Material Adverse Effect; and (v) such other documents with respect to the Property as are listed in Section 3.1.

Property Documents. Lender shall have received the following documents with respect to the Property in form and substance acceptable to Lender: (i) an Appraisal; (ii) American Land Title Association Lender’s policy of title insurance or a commitment to issue such policy, from Chicago Lawyer’s Title Insurance Company or another title company acceptable to Lender, in the amount of the Loan, insuring the Security Instrument as a first Lien subject only to Permitted Liens, with endorsements as required by Lender and to the extent available, and otherwise in form and substance acceptable to Lender and Lender’s counsel; (iii) if required to obtain acceptable title insurance, a survey (or update of a survey) in the form described in Section 3.1(c); (iv) an environmental audit for the Property, conducted by an environmental engineering firm acceptable to Lender, and satisfactory evidence that Borrower and the Property are in compliance in all material respects with all Environmental Laws the violation of which could have a Material Adverse Effect; and (v) such other documents with respect to the Property as are listed in Section 3.1.

Property Documents. Lender shall have received the following documents with respect to the Property in form and substance acceptable to Lender: (i) an Appraisal; (ii) American Land Title Association Lender’s policy of title insurance or a commitment to issue such policy, from Chicago First American Title Insurance Company or another title company acceptable to Lender, in the amount of the Loan, insuring the Security Instrument as a first Lien subject only to Permitted Liens, with endorsements as required by Lender and to the extent available, and otherwise in form and substance acceptable to Lender and Lender’s counsel; (iii) if required to obtain acceptable title insurance, a survey (or update of a survey) in the form described in Section 3.1(c); (iv) an environmental audit for the Property, conducted by an environmental engineering firm acceptable to Lender, and satisfactory evidence that Borrower and the Property are in compliance in all material respects with all Environmental Laws the violation of which could have a Material Adverse Effect; and (v) such other documents with respect to the Property as are listed in Section 3.1.