Common use of Environmental Assessment Clause in Contracts

Environmental Assessment. If required by FINOVA, Borrower shall have caused a Phase I Environmental Assessment to be conducted on the property or properties owned or occupied by Borrower, all at Borrower's own expense and the results of such assessment(s) shall have been in form and substance satisfactory to FINOVA in its sole discretion. Such assessment(s) shall have included, in FINOVA's discretion, core samplings, and shall have been conducted by an environmental engineer acceptable to FINOVA;

Appears in 5 contracts

Samples: Loan and Security Agreement (Organic Food Products Inc), Loan and Security Agreement (Automotive One Parts Stores Inc), Loan and Security Agreement (Community Medical Transport Inc)

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Environmental Assessment. If required by FINOVA, Borrower shall have caused a Phase I Environmental Assessment to be conducted on the property or properties owned or occupied by Borrower, all at Borrower's own expense and the results of such assessment(s) shall have been in form and substance satisfactory to FINOVA in its sole discretionFINOVA. Such assessment(s) shall have included, in at FINOVA's discretionoption, core samplings, and shall have been conducted by an environmental engineer acceptable to FINOVA;

Appears in 1 contract

Samples: Loan and Security Agreement (Revenge Marine Inc)

Environmental Assessment. If required by FINOVA, Borrower shall have caused a Phase I Environmental Assessment to be conducted on the property or properties owned or occupied by Borrower, all at Borrower's own expense and the results of such assessment(s) shall have been in form and substance satisfactory to FINOVA in its sole discretion. Such assessment(s) shall have included, in FINOVA's discretion, core samplings, and shall have been conducted by an environmental engineer acceptable to FINOVA;.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacobs Jay Inc)

Environmental Assessment. If required by FINOVA, Borrower shall have caused ------------------------ a Phase I Environmental Assessment to be conducted on the property or properties owned or occupied by Borrower, all at Borrower's own expense and the results of such assessment(s) shall have been in form and substance satisfactory to FINOVA in its sole discretion. Such assessment(s) shall have included, in FINOVA's discretion, core samplings, and shall have been conducted by an environmental engineer acceptable to FINOVA;

Appears in 1 contract

Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)

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Environmental Assessment. If required by FINOVA, Borrower shall have ------------------------ caused a Phase I Environmental Assessment to be conducted on the property or properties owned or occupied by Borrower, all at Borrower's own expense and the results of such assessment(s) shall have been in form and substance satisfactory to FINOVA in its sole discretion. Such assessment(s) shall have included, in FINOVA's discretion, core samplings, and shall have been conducted by an environmental engineer acceptable to FINOVA;

Appears in 1 contract

Samples: Finova Loan and Security Agreement (Utilx Corp)

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