Geotechnical Reports. A soil test report prepared by a licensed soil engineer reasonably approved by Administrative Agent and otherwise reasonably satisfactory in all respects to Administrative Agent containing, among other things, boring logs and the locations of all borings and confirming that no condition exists with respect to the Land which would cause subsidence of any portion of the Land and showing that no state of facts exists which would adversely affect the completion of the Work in accordance with the Plans and Specifications or would require any costs with respect thereto not otherwise provided for in the Budget.
Appears in 1 contract
Sources: Construction Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)
Geotechnical Reports. A soil test report prepared by a licensed soil engineer reasonably approved by Administrative Agent and otherwise reasonably satisfactory in all respects to Administrative Agent containing, among other things, boring logs and the locations of all borings and confirming that no condition exists with respect to the each Land which would cause subsidence of any portion of the any Land and showing that no state of facts exists which would adversely affect the completion of the Work in accordance with the applicable Plans and Specifications or would require any costs with respect thereto not otherwise provided for in the applicable Budget.
Appears in 1 contract
Sources: Construction Loan and Security Agreement (Campus Crest Communities, Inc.)