Common use of Soil Tests Clause in Contracts

Soil Tests. A report as to soil and compaction condition and analysis made at the Land by a soil testing firm satisfactory to Borrower and Lender. The number and location of such borings shall be in accordance with the recommendations of the soil testing firm and must also be satisfactory to Lender and also shall include a sinkhole analysis of the Applicable Resort. The report shall include the recommendations of the soil testing firm as to the preparation of the soil needed in order to adequately support the Financed Improvements. During the course of construction, the Applicable Underlying Borrower shall also provide such reports as to concrete tests and such additional soil tests as are required by Borrower or Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

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Soil Tests. A report as to soil borings and compaction condition reports and analysis made at the Land by a soil testing firm satisfactory to Borrower Lender and Lender's Inspector. The number and location of such borings shall be in accordance with the recommendations of the soil testing firm and must also be satisfactory to Lender and also shall include a sinkhole analysis of the Applicable ResortLender. The report shall include the recommendations of the soil testing firm as to the preparation of the soil needed in order to adequately support the Financed Improvements. (During the course of construction, the Applicable Underlying Borrower shall also provide such reports as to concrete tests and such additional soil tests as are requested or required by Borrower or Lender.)

Appears in 1 contract

Samples: Construction Loan Agreement (Newmark Homes Corp)

Soil Tests. A report as to soil borings and compaction condition reports and analysis made at the Land by a soil testing firm satisfactory to Borrower Lender and Lender's Supervising Inspector. The number and location of such borings shall be in accordance with the recommendations of the soil testing firm and must also be satisfactory to Lender and also shall include a sinkhole analysis of the Applicable ResortLender. The report shall include the recommendations of the soil testing firm as to the preparation of the soil needed in order to adequately support the Financed Improvements. (During the course of construction, the Applicable Underlying Borrower shall also provide such reports as to concrete tests and such additional soil tests as are requested or required by Borrower or Lender).

Appears in 1 contract

Samples: Construction Loan Agreement (Vacation Break Usa Inc)

Soil Tests. A Lender shall have received a report as to soil and ---------- compaction condition and analysis made at the Land by a soil testing firm satisfactory to Borrower and Lender. The number and location of such borings shall be in accordance with the recommendations of the soil testing firm and must also be satisfactory to Lender and also shall include a sinkhole analysis of the Applicable ResortLand. The report shall include the recommendations of the soil testing firm as to the preparation of the soil needed in order to adequately support the Financed Resort Improvements. During the course of construction, the Applicable Underlying Borrower shall also provide to Lender such reports as to concrete tests and such additional soil tests as are required by Borrower the Architect, General Contractor or Lendercontemplated by the Plans.

Appears in 1 contract

Samples: Loan and Security Agreement (Mego Financial Corp)

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Soil Tests. A Lender reserves the right to require in its discretion a report as to soil and compaction condition and analysis made at the Land Resort Property by a soil testing firm satisfactory to Borrower and Lender. The number and location of such borings shall be in accordance with the recommendations of the soil testing firm and must also be satisfactory to Lender and also shall include a sinkhole analysis of each of the Applicable ResortResorts. The report shall include the recommendations of the soil testing firm as to the preparation of the soil needed in order to adequately support the Financed Improvements. During the course of construction, the Applicable Underlying Borrower shall also provide such reports as to concrete tests and such additional soil tests as are required by Borrower or Lender.Lender reasonably may require;

Appears in 1 contract

Samples: Loan and Security Agreement (Cr Resorts Capital S De R L De C V)

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