Common use of Environmental Risks Clause in Contracts

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