Common use of Real Property Covenants Clause in Contracts

Real Property Covenants. If requested by Administrative Agent, Borrower shall obtain and deliver at its sole cost and expense, with respect to each Mortgaged Property, the following: (i) an environmental site assessment with respect to the presence, if any, of Hazardous Materials on the Mortgaged Property; (ii) an Appraisal of the Mortgaged Property; (iii) any seismic reports on the Mortgaged Property; (iv) evidence indicating compliance with applicable zoning requirements; (v) a property condition report; and (vi) copies of each material property agreement, together with such consents and estoppel certificates with respect to such material property agreements as Administrative Agent may reasonably require.

Appears in 2 contracts

Sources: Credit Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)