Soil Reports. The Lender shall have received and approved a written report from an engineer acceptable to the Lender which set(s) forth the results of subsurface soil tests (including, but not limited to, composition and compaction results), and recommendations, if any, and a density/compaction certification acceptable to Lender. The Lender shall also have received and approved such additional report(s) as shall be appropriate, including additional reports made after implementation of the recommendations, to show that the recommendations have been satisfied.
Appears in 2 contracts
Sources: Lot Acquisition Loan Agreement (Newmark Homes Corp), Lot Acquisition Loan Agreement (Newmark Homes Corp)
Soil Reports. The For each Approved Subdivision, if requested by the Lender, the Lender shall have received and approved a written report report(s) from an engineer acceptable to the Lender which set(s) forth the results of subsurface soil tests (including, but not limited to, composition and compaction results), and recommendations, if any, and a density/compaction certification acceptable to Lender. The Lender shall also have received and approved such additional report(s) as shall be appropriate, including additional reports made after implementation of the recommendations, to show that the recommendations have been satisfied.
Appears in 1 contract
Sources: Construction Line of Credit Loan Agreement (Newmark Homes Corp)