Common use of Environmental Site Assessment Clause in Contracts

Environmental Site Assessment. Within _______ (__) days from the Effective Date, Optionee shall, at its cost, complete an environmental site assessment (the “Environmental Assessment”) of the Property, indicating to the satisfaction of Optionee that the Property does not contain, either on its surface or in its subsurface or underlying water table, any Hazardous Substances (defined in Section 12). The Environmental Assessment may include a historical review of the use of the Property, review of all regulatory agency permits and compliance and enforcement files and records, soil tests, the acquisition of core samples and water table samples by drilling conducted on the Property, and such other reviews, tests and studies as Optionee may deem appropriate. All reviews, tests and studies will be conducted by agents selected by Optionee and performed as Optionee directs, subject to the approval of Owner, which must not be unreasonably withheld, and the provisions of Section 10.