Common use of Environmental Investigation; Right to Terminate Agreement Clause in Contracts

Environmental Investigation; Right to Terminate Agreement. (a) TCB and its consultants, agents and representatives will have the right, to the same extent that HBI has the right, if any, but not the obligation or responsibility, to inspect any Property, including conducting asbestos surveys and sampling, environmental assessments and investigations, and other environmental surveys and analyses including soil and ground sampling (“Environmental Inspections”) at any time on or prior to the date that is forty-five (45) days after the date of this Agreement. TCB will notify HBI prior to any physical inspections of the Property, and HBI may place reasonable restrictions on the time of such inspections. If, as a result of any such Environmental Inspection, further investigation (“Secondary Investigation”) including, test borings, soil, water and other sampling is deemed desirable by TCB, TCB will (i) notify HBI of any Property for which it intends to conduct such a Secondary Investigation and the reasons for such Secondary Investigation, and (ii) commence such Secondary Investigation, on or prior to the date that is seventy-five (75) days after the date of this Agreement. TCB will give reasonable notice to HBI of such Secondary Investigations, and HBI may place reasonable time and place restrictions on such Secondary Investigations.

Environmental Investigation; Right to Terminate Agreement. (a) TCB A. Interchange and its consultants, agents and representatives will representatives, at the sole cost and expense of Interchange, shall have the right, right to the same extent that HBI BVB has the right, if any, but not the obligation or responsibility, to inspect any Property, including including, without limitation, conducting asbestos surveys and sampling, environmental assessments and investigationsinvestigation, and other environmental surveys and analyses including soil soil, water, asbestos, septic system and ground sampling (“"Environmental Inspections”") at any time on or prior to the date that is forty-five twenty (4520) days after the date of this Agreement. TCB will notify HBI prior to any physical inspections of the Property, and HBI may place reasonable restrictions on the time of such inspections. If, as a result of any such Environmental Inspection, further investigation (“"Secondary Investigation”") including, without limitation, test borings, soil, water water, septic system and other sampling is deemed desirable by TCBInterchange, TCB will Interchange shall (i) notify HBI BVB of any Property for which it intends to conduct such a Secondary Investigation and the reasons for such the Secondary Investigation, and (ii) at the sole cost and expense of Interchange, commence such the Secondary Investigation, on or prior to the date that is seventyforty-five (7545) days after the date of this Agreement. TCB will Interchange shall give reasonable notice to HBI BVB of such the Secondary InvestigationsInvestigation, and HBI BVB may place reasonable time and place restrictions on such the Secondary InvestigationsInvestigation.