Common use of Conduct of Review Clause in Contracts

Conduct of Review. Prior to conducting Buyer’s Environmental Review, Buyer shall furnish Seller with a written proposed scope of Buyer’s Environmental Review, including a description of the activities to be conducted and the locations of such activities. No third person, other than the Environmental Consultant and Buyer’s or its affiliates’ employees, may conduct Buyer’s Environmental Review. Buyer shall not commence any activity proposed to be included in Buyer’s Environmental Review unless and until such activity (including the location thereof) has been approved in writing by Seller which approval shall not be unreasonably withheld or delayed. Seller shall have the right to be present during any inspection (including Buyer’s Environmental Review) of the Assets and shall have the right, at its option and expense, to split samples with Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

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Conduct of Review. Prior to conducting Buyer’s Environmental Review, Buyer shall furnish Seller with a written proposed scope of Buyer’s Environmental Review, including a description of the activities to be conducted and the locations of such activities. No third person, other than the Environmental Consultant and Buyer’s or its affiliates’ employees, may conduct Buyer’s Environmental Review. Buyer shall not commence any activity proposed to be included in Buyer’s Environmental Review unless and until such activity (including the location thereof) has been approved in writing by Seller which approval shall not be unreasonably withheld or delayed. Seller shall have the right to be present during any inspection (including Buyer’s Environmental Review) of the Assets and shall have the right, at its option and expense, to split samples with Buyer. If Buyer intends to conduct or cause to be conducted a Phase II inspection (“Extra Environmental Review”), then prior to conducting such Extra Environmental Review Buyer will furnish Seller with a written proposed scope of Buyer’s Extra Environmental Review, including a description of the activities to be conducted and the locations of such activities. Buyer shall not commence any activity proposed to be included in Buyer’s Extra Environmental Review unless and until such activity (including the location thereof) has been approved in writing by Seller which approval shall be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

Conduct of Review. Prior to conducting Buyer’s Environmental Review, Buyer shall furnish Seller with a written proposed scope of Buyer’s Environmental Review, including a description of the activities to be conducted and the locations of such activities. No third person, other than the Environmental Consultant and Buyer’s or its affiliates’ employees, may conduct Buyer’s Environmental Review. Buyer shall not commence any activity proposed to be included in Buyer’s Environmental Review unless and until such activity (including the location thereof) has been approved in writing by Seller which approval shall not be unreasonably withheld or delayed. Seller shall have the right to be present during any inspection (including Buyer’s Environmental Review) of the Assets and shall have the right, at its option and expense, to split samples with Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

Conduct of Review. Prior to conducting Buyer’s Environmental Review, Buyer shall furnish Seller with a written proposed scope of Buyer’s Environmental Review, including a description of the activities to be conducted and the locations of such activities. No third personPerson, other than the Environmental Consultant and Buyer’s or its affiliates’ employees, may conduct Buyer’s Environmental Review. Buyer shall not commence any activity proposed to be included in Buyer’s Environmental Review unless and until such activity (including the location thereof) has been approved in writing by Seller which approval shall not be unreasonably withheld or delayed. Seller shall have the right to be present during any inspection (including Buyer’s Environmental Review) of the Assets and shall have the right, at its option and expense, to split samples with Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Exco Resources Inc)

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Conduct of Review. Prior to conducting Buyer’s 's Environmental Review, Buyer shall furnish Seller with a written proposed scope of Buyer’s 's Environmental Review, including a description of the activities to be conducted and the locations of such activities. No third personPerson, other than the Environmental Consultant and Buyer’s or its affiliates’ employeesConsultant, may conduct Buyer’s 's Environmental Review. Buyer shall not commence any activity proposed to be included in Buyer’s 's Environmental Review unless and until such activity (including the location thereof) has been approved in writing by Seller Seller, which approval shall not be unreasonably withheld or delayedwithheld. Seller shall have the right to be present during any inspection (including Buyer’s 's Environmental Review) of the Assets and shall have the right, at its option and expense, to split samples with Buyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tesoro Petroleum Corp /New/)

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