Common use of Soils Report Clause in Contracts

Soils Report. Borrower shall have furnished Lender a soils report, prepared by a licensed soil engineer, showing that the condition of the soil of the land is adequate to support the Improvements which soils report shall have been approved by Lender.

Appears in 3 contracts

Sources: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp), Construction Loan Agreement (Emeritus Corp\wa\)

Soils Report. Borrower shall have furnished Lender a soils report, prepared by a licensed soil engineer, showing that the condition of the soil of the land is adequate to support the Improvements Improvements, which soils report shall have been approved by Lender.

Appears in 1 contract

Sources: Construction Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)