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

Environmental Investigation; Right to Terminate Agreement. (a) EQBK and its consultants, agents and representatives will have the right, to the same extent that Xxxxxxx 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. EQBK will notify Xxxxxxx prior to any physical inspections of the Property, and Xxxxxxx may place reasonable time and place restrictions on 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 EQBK, EQBK will (i) notify Xxxxxxx 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. EQBK will give reasonable notice to Xxxxxxx of such Secondary Investigations, and Xxxxxxx may place reasonable time and place restrictions on such Secondary Investigations. (b) Xxxxxxx agrees to make available to EQBK and its consultants, agents and representatives all documents and other material in its possession or control relating to environmental conditions of any Property including the results of other Environmental Inspections and surveys. Xxxxxxx also agrees that all engineers and consultants who prepared or furnished such reports may discuss such reports and information with EQBK and will be entitled to certify the same in favor of EQBK and its consultants, agents and representatives and make all other related data available to EQBK and its consultants, agents and representatives.

Appears in 1 contract

Samples: Merger Agreement (Equity Bancshares Inc)

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Environmental Investigation; Right to Terminate Agreement. (a) EQBK and its consultants, agents and representatives will have the right, to the same extent that Xxxxxxx KBC 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. EQBK will notify Xxxxxxx KBC prior to any physical inspections of the Property, and Xxxxxxx KBC may place reasonable time and place restrictions on 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 EQBK, EQBK will (i) notify Xxxxxxx KBC 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. EQBK will give reasonable notice to Xxxxxxx KBC of such Secondary Investigations, and Xxxxxxx KBC may place reasonable time and place restrictions on such Secondary Investigations. (b) Xxxxxxx KBC agrees to make available to EQBK and its consultants, agents and representatives all documents and other material in its possession or control relating to environmental conditions of any Property including the results of other Environmental Inspections and surveys. Xxxxxxx KBC also agrees that all engineers and consultants who prepared or furnished such reports may discuss such reports and information with EQBK and will be entitled to certify the same in favor of EQBK and its consultants, agents and representatives and make all other related data available to EQBK and its consultants, agents and representatives.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

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Environmental Investigation; Right to Terminate Agreement. (a) EQBK and its consultants, agents and representatives will have the right, to the same extent that Xxxxxxx Cache 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. EQBK will notify Xxxxxxx Cache prior to any physical inspections of the Property, and Xxxxxxx Cache may place reasonable time and place 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 EQBK, EQBK will (i) notify Xxxxxxx Cache 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. EQBK will give reasonable notice to Xxxxxxx Cache of such Secondary Investigations, and Xxxxxxx Cache may place reasonable time and place restrictions on such Secondary Investigations. (b) Xxxxxxx Cache agrees to make available to EQBK and its consultants, agents and representatives all documents and other material in its possession or control relating to environmental conditions of any Property including the results of other Environmental Inspections and surveys. Xxxxxxx Cache also agrees that all engineers and consultants who prepared or furnished such reports may discuss such reports and information with EQBK and will be entitled to certify the same in favor of EQBK and its consultants, agents and representatives and make all other related data available to EQBK and its consultants, agents and representatives.

Appears in 1 contract

Samples: Merger Agreement (Equity Bancshares Inc)

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