Common use of Environmental Risks Clause in Contracts

Environmental Risks. If there are any facts or conditions identified in a Phase I assessment that, in its reasonable discretion, Old Kent believes could potentially pose a current or future risk of a material liability, interference with use, or material diminution of value of the property, then Old Kent shall identify that risk to First Evergreen, identify the facts or conditions underlying that risk, and provide First Evergreen with a copy of the Phase I assessment for that property (an "ENVIRONMENTAL RISK").

Environmental Risks. If there are any facts or conditions identified in a Phase I assessment that, in its reasonable discretion, that Old Kent reasonably believes could potentially pose a current or future risk of a material liability, interference with use, or material diminution of value of the propertyproperty that could be material, then Old Kent shall identify that risk to First EvergreenGrand Premier, identify the facts or conditions underlying that risk, and provide First Evergreen Grand Premier with a copy of the Phase I assessment for that property (an "ENVIRONMENTAL RISKEnvironmental Risk").

Environmental Risks. If there are any facts or conditions identified in a Phase I assessment that, in its reasonable discretion, that Old Kent reasonably believes could potentially pose a current or future risk of a material liability, interference with use, or material diminution of value of the property, then Old Kent shall identify that risk to First EvergreenHome, identify the facts or conditions underlying that risk, and provide First Evergreen Home with a copy of the Phase I assessment for that property (an "ENVIRONMENTAL RISKEnvironmental Risk").

Environmental Risks. If there are any facts or conditions identified in a Phase I assessment that, in its reasonable discretion, that Old Kent reasonably believes could potentially pose a current or future risk of a material liability, interference with use, or material diminution of value of the propertyproperty that could be material, then Old Kent shall identify that risk to First EvergreenMerchants, identify the facts or conditions underlying that risk, and provide First Evergreen Merchants with a copy of the Phase I assessment for that property (an "ENVIRONMENTAL RISK").

Environmental Risks. If there are any facts or conditions identified in a Phase I assessment that, in its reasonable discretion, that Old Kent believes could potentially pose a current or future risk of a material liability, interference with use, or material diminution of value of the property, then Old Kent shall identify that risk to First EvergreenPinnacle, identify the facts or conditions underlying that risk, and provide First Evergreen Pinnacle with a copy of the Phase I assessment for that property (an "ENVIRONMENTAL RISK").