Common use of Property Reports Clause in Contracts

Property Reports. Satisfactory third-party engineering, soils, environmental reports/reviews and other reports of all owned Mortgaged Properties, and to the extent requested by the Collateral Agent, all leased Mortgaged Properties, from professional firms acceptable to the Collateral Agent, including, but not limited to Phase I environmental assessments, together with reliance letters in favor of the Lenders.

Property Reports. Satisfactory third-party engineering, soils, environmental reports/reviews and other reports of all owned Mortgaged Properties, and to the extent requested by the Collateral Administrative Agent, all leased Mortgaged Properties, from professional firms acceptable to the Collateral Administrative Agent, including, but not limited to Phase I environmental assessments, together with reliance letters in favor of the Lenders.