Soil Report. If requested by Lender, Borrower shall have furnished to Lender, at Borrower's expenses, a soil report for the Property in form and substance satisfactory to Lender, prepared by a registered engineer satisfactory to Lender stating that the Property is free from soil or other geological conditions that would preclude its use or development as contemplated without extra expense for precautionary, corrective or remedial measures.
Appears in 8 contracts
Samples: Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Applied Optoelectronics, Inc.)
Soil Report. If requested by Lender, Borrower shall have furnished to Lender, at Borrower's expensesexpense, a soil report for the Property in form and substance satisfactory to Lender, prepared by a registered engineer satisfactory to Lender stating that the Property is free from soil or other geological conditions that would preclude its use or development as contemplated without extra expense for precautionary, corrective or remedial measures.
Appears in 2 contracts
Samples: Construction Loan Agreement (Meritage Hospitality Group Inc), Construction Loan Agreement (Nevstar Gaming & Entertainment Corp)
Soil Report. If requested by Lender, Borrower shall have furnished to Lender, at Borrower's ’s expenses, a soil report for the Property in form and substance satisfactory to Lender, prepared by a registered engineer satisfactory to Lender stating that the Property is free from soil or other geological conditions that would preclude its use or development as contemplated without extra expense for precautionary, corrective or remedial measures.
Appears in 1 contract
Samples: Construction Loan Agreement (Shepherd's Finance, LLC)
Soil Report. If requested by Lender, Borrower shall have furnished to Lender, at Borrower's expenses, a soil soils report for the Property in form and substance satisfactory to Lender, prepared by a registered engineer satisfactory to Lender stating that the Property is free from soil or other geological conditions that would preclude its use or development as contemplated without extra expense for precautionary, corrective or remedial measures.
Appears in 1 contract
Samples: Construction Loan Agreement
Soil Report. If requested by Lender, Borrower shall have furnished to Lender, at Borrower's expensesexpense, a soil report for the Property in form and substance satisfactory to Lender, prepared by a registered engineer satisfactory to Lender stating that the Property is free from soil or other geological conditions that would preclude its use or development as contemplated without extra expense for precautionary, corrective or remedial measuresmeasures .
Appears in 1 contract
