Common use of Environmental Survey Clause in Contracts

Environmental Survey. At its option, the Buyer may cause to be conducted Phase I environmental assessments of the Real Property of the Company and its Affiliates, whether owned or leased, or any portion thereof, together with such other studies, testing and intrusive sampling and analyses as the Buyer shall deem necessary or desirable (collectively, the "Environmental Survey"). The Buyer shall complete all such Phase I environmental assessments within sixty (60) days following the date of this Agreement and thereafter conduct and complete any such additional studies, testing, sampling and analyses within sixty (60) days following completion of all Phase I environmental assessments. The costs of the Environmental Survey shall be paid by the Buyer.

Appears in 2 contracts

Samples: Merger Agreement (1st State Bancorp Inc), Merger Agreement (Capital Bank Corp)

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Environmental Survey. At its option, the Buyer may cause to be conducted Phase I environmental assessments of the Real Property of the Company and its Affiliatessubsidiaries, whether owned or leased, or any portion thereof, together with such other studies, testing and intrusive sampling and analyses as the Buyer shall deem necessary or desirable (collectively, the "β€œEnvironmental Survey"”). The Buyer shall complete all such Phase I environmental assessments within sixty (60) 60 days following the date of this Agreement and thereafter conduct and complete any such additional studies, testing, sampling and analyses within sixty (60) 60 days following completion of all Phase I environmental assessments. The Subject to any rights Buyer may have under Section 10.2, the costs of the Environmental Survey shall be paid by the Buyer.

Appears in 1 contract

Samples: Merger Agreement (Bank of Granite Corp)

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Environmental Survey. At its option, the Buyer may cause to be conducted Phase I environmental assessments of the Real Property of the Company and its Affiliatessubsidiaries, whether owned or leased, or any portion thereof, together with such other studies, testing and intrusive sampling and analyses as the Buyer shall deem necessary or desirable (collectively, the "Environmental Survey"). The Buyer shall complete all such Phase I environmental assessments within sixty (60) 60 days following the date of this Agreement and thereafter conduct and complete any such additional studies, testing, sampling and analyses within sixty (60) 60 days following completion of all Phase I environmental assessments. The Subject to any rights Buyer may have under Section 10.2, the costs of the Environmental Survey shall be paid by the Buyer.

Appears in 1 contract

Samples: Merger Agreement (First Commerce Corp)

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