Surveyor Certification Clause Samples
The Surveyor Certification clause requires a qualified surveyor to formally verify and attest to the accuracy of certain measurements, boundaries, or conditions relevant to a project or property. Typically, this involves the surveyor preparing and signing a certificate or report that confirms the results of a land survey, such as property lines or compliance with zoning requirements. This clause ensures that all parties can rely on the professional assessment of the surveyor, reducing the risk of disputes over property boundaries or compliance issues.
Surveyor Certification. With respect to each parcel of Collateral Property, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date and containing such information relating to such parcel as the Agent may reasonably require, such certificate to be reasonably satisfactory to the Agent in form and substance.
Surveyor Certification. With respect to each parcel of Pool Property, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date prior to inclusion of such Pool Property in the Pool and containing such information relating to such parcel as the Agent or the Title Insurance Company may reasonably require, such certificate to be reasonably satisfactory to the Agent in form and substance.
Surveyor Certification. With respect to each parcel of Borrowing Base Property, a certificate executed by the surveyor who prepared the Survey with respect thereto and containing such information relating to such parcel as the Title Insurance Company may reasonably require.
Surveyor Certification. With respect to each parcel of Mortgaged Property, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date and containing such information relating to such parcel as the Agent or the Title Insurance Company may reasonably require, such certificate to be reasonably satisfactory to the Agent in form and substance. Title Insurance Company. Commonwealth Land Title Insurance Company or another title insurance company or companies approved by the Agent. Title Policy. With respect to each parcel of Mortgaged Property, an ALTA standard form title insurance policy (or, if such form is not available, an equivalent form of or legally promulgated form of mortgagee title insurance policy reasonably acceptable to the Agent) issued by a Title Insurance Company (with such reinsurance or coinsurance as the Agent may require, any such reinsurance to be with direct access endorsements to the extent available under applicable law) in such amount as the Agent may require insuring the priority of the Security Deeds and that the Borrower or an Approved Subsidiary holds marketable fee simple title to such parcel, subject only to the encumbrances permitted by the Security Deed and which shall not contain standard exceptions for mechanics liens, persons in occupancy (other than tenants as tenants only under Leases) or matters which would be shown by a survey, shall not insure over any matter except to the extent that any such affirmative insurance is acceptable to the Agent in their sole discretion and shall contain (a) a revolving credit endorsement and (b) such other endorsements and affirmative insurance as the Agent reasonably may require and is available in the State in which the Real Estate is located, including but not limited to (i) a comprehensive endorsement, (ii) a variable rate of interest endorsement, (iii) a usury endorsement, (iv) a doing business endorsement, (v) in States where available, an ALTA form 3.1 zoning endorsement, (vi) a "tie-in" endorsement and (vii) a "first loss" endorsement; provided, however, that with respect to Special Real Estate, the "Title Policy" shall be an owner's policy of title insurance, in a form satisfactory to the Agent, containing only exceptions satisfactory to the Agent, supplemented by a current "date down" or "nothing further" certificate (or if such endorsement or certificate is not available a current mortgagee's title commitment in favor of the Agent) provided by an issuer ...
Surveyor Certification. With respect to each parcel of Mortgaged Property or Mezzanine Property, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date and containing such information relating to such parcel as the Majority Banks or the Title Insurance Company may reasonably require, such certificate to be reasonably satisfactory to the Agent in form and substance.
Surveyor Certification. With respect to each parcel of Real Estate, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date prior to inclusion of such Real Estate in the Borrowing Base Availability and containing such information relating to such parcel as the Agent or, as applicable, the Title Insurance Company may reasonably require, such certificate to be reasonably satisfactory to the Agent in form and substance. Swing Loan. See §2.5(a).
Surveyor Certification. With respect to each parcel of Mortgaged Property, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date prior to inclusion of such Mortgaged Property in the Borrowing Base and containing such information relating to such parcel as the Agent or the Title Insurance Company may reasonably require, such certificate to be reasonably satisfactory to the Agent in form and substance. Swing Loan. See §2.5(a). Swing Loan Commitment. The sum of $25,000,000.00, as the same may be changed from time to time in accordance with the terms of this Agreement.
Surveyor Certification. With respect to each parcel of Mortgaged Property, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date and containing such information relating to such parcel as the Majority Banks or the Title Insurance Company may reasonably require, such certificate to be reasonably satisfactory to the Majority Banks in form and substance. Title Insurance Company. Commonwealth Land Title Insurance Company or another title insurance company or companies approved by the Majority Banks.
Surveyor Certification. With respect to each parcel of Mortgage Loan Collateral, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated within six (6) months of the closing date of the Mortgage Loan or such longer period of time as the Title Insurance Company may permit (provided that the Title Insurance Company issuing the Title Policy with respect to such Mortgage Loan insures title to the Mortgage without exception for any survey matters arising after the date of such Surveyor Certification), and containing such information relating to such parcel as the Borrower or the Title Insurance Company may reasonably require, such certificate to be satisfactory to Borrower in form and substance.
Surveyor Certification. With respect to each parcel of Mortgaged Property, a certificate executed by the surveyor who prepared the Survey with respect thereto, dated as of a recent date and containing such information relating to such parcel as the Agent or the Title Insurance Company may reasonably require, such certificate to be reasonably satisfactory to the Agent in form and substance. Swing Loan. See Section 2.5(a). Swing Loan Lender. Fleet, in its capacity as Swing Loan Lender. Swing Loan Commitment. The sum of $10,000,000.00, as the same may be changed from time to time in accordance with the terms of this Agreement. Swing Loan Note. See Section 2.5(b).