Common use of Inspection Obligations Clause in Contracts

Inspection Obligations. (a) In conducting any inspections, investigations or tests of the Property or the Due Diligence Documents, Purchaser and its agents and representatives shall fulfill the following obligations: (i) describe in a written notice to Seller any physical testing or sampling of the Property that Purchaser intends to do and obtain Seller's written consent prior to conducting any such physical testing or sampling; (ii) not disturb the Tenants or interfere with their use of the Property pursuant to their respective Leases; (iii) not interfere with the operation and maintenance of the Real Property; (iv) not communicate or meet with any (x) Tenants, (y) contractors working on the Property, or (z) except as provided in this Section 5.3(a), governmental officials regarding the entitlements, tax assessment or any other matter relating to the Property, without, in each case, obtaining the prior written consent of Seller, which consent shall not be unreasonably withheld if Purchaser provides Seller with at least twenty-four (24) hours' notice of intent to communicate, which notice shall contain the following information (i) the name and position of the person to be contacted by Purchaser, (ii) the name of the Purchaser's representative who will be making the contact, (iii) when the contact will be attempted, and (iv) the location where the contact will take place. Seller reserves the right in each instance to have a representative present during any such communications. Purchaser or a representative of Purchaser may contact governmental entities regarding the Property during and after the Inspection Period without obtaining the prior written consent of Seller; provided, however, Purchaser or any representative of Purchaser may not under any circumstances take any action to alter, affect, amend or in any way modify the existing development approval rights at the Property or at Park Place, including without limitation, the CUP (defined below in Section 7.2(b)), vesting tentative tract maps and the Development Agreement (defined below in Section 7.2(b)) for the Property; (v) not damage any part of the Property or any personal property owned or held by any Tenant or any other person or entity; (vi) not injure or otherwise cause bodily harm to Seller's agents, guests, invitees, contractors or employees or any Tenant or any other person or entity; (vii) maintain commercial general liability insurance issued by insurers of recognized responsibility authorized to do business in the State of California and having a Best's rating of A-VII or better, and naming Seller as an additional insured, providing protection in limits of not less than Five Million Dollars ($5,000,000) for bodily injury or death in any one occurrence, and not less than Five Million Dollars ($5,000,000) for property damage where said injury, death or damage arises in connection with the presence of Purchaser, its agents, consultants and representatives on the Real Property (the "Requisite Insurance Coverage"); (viii) deliver to Seller before entry upon the Real Property a certificate of insurance verifying that Purchaser has obtained the Requisite Insurance Coverage; (ix) promptly pay when due the costs of all tests, investigations and examinations performed by or on behalf of Purchaser with regard to the Property; (x) not permit any liens to attach to the Real Property by reason of the exercise of its rights hereunder; (xi) fully restore the Real Property to substantially the condition in which the same was found before any such inspection or tests were undertaken; and (xii) not reveal or disclose any information obtained during the Inspection Period concerning the Property and the Due Diligence Documents to anyone outside Purchaser's organization other than the Permitted Outside Parties except in accordance with the confidentiality standards set forth in Section 5.2(b).

Inspection Obligations. (a) In conducting any inspections, investigations or tests (as permitted by this Agreement) of the Property or the Due Diligence DocumentsProperty, Purchaser Interested Party and its agents agents, employees, contractors and representatives shall fulfill the following obligationsshall: (i) describe in a written notice to Seller any physical testing or sampling not unreasonably interfere with the use of the Property that Purchaser intends to do and obtain Seller's written consent prior to conducting by any such physical testing occupant or samplingtenant thereof (“Tenant”); (ii) not disturb the Tenants or interfere with their use of the Property pursuant to their respective Leases; (iii) not unreasonably interfere with the operation and maintenance of the Real Property; (iv) not communicate or meet with any (x) Tenants, (y) contractors working on the Property, or (z) except as provided in this Section 5.3(a), governmental officials regarding the entitlements, tax assessment or any other matter relating to the Property, without, in each case, obtaining the prior written consent of Seller, which consent shall not be unreasonably withheld if Purchaser provides Seller with at least twenty-four (24) hours' notice of intent to communicate, which notice shall contain the following information (i) the name and position of the person to be contacted by Purchaser, (ii) the name of the Purchaser's representative who will be making the contact, (iii) when the contact will be attempted, and (iv) the location where the contact will take place. Seller reserves the right in each instance to have a representative present during any such communications. Purchaser or a representative of Purchaser may contact governmental entities regarding the Property during and after the Inspection Period without obtaining the prior written consent of Seller; provided, however, Purchaser or any representative of Purchaser may not under any circumstances take any action to alter, affect, amend or in any way modify the existing development approval rights at the Property or at Park Place, including without limitation, the CUP (defined below in Section 7.2(b)), vesting tentative tract maps and the Development Agreement (defined below in Section 7.2(b)) for the Property; (v) not damage any part of the Property or any personal property located at the Property owned or held by any Tenant or any other person or entity; (viiv) not injure or otherwise cause bodily harm to Seller's Seller or its respective agents, guests, invitees, contractors or and employees or any Tenant or any other person or entity; (viiv) maintain commercial comprehensive general liability insurance issued by insurers of recognized responsibility authorized to do business in the State of California and having a Best's rating of A-VII or better, and naming Seller as an additional insured, providing protection in limits of not less than Five Million Dollars ($5,000,000) for bodily injury or death in covering any one occurrence, and not less than Five Million Dollars ($5,000,000) for property damage where said injury, death or damage arises accident arising in connection with the presence of PurchaserInterested Party, its agents, consultants employees, contractors and representatives on the Real Property (in the "Requisite Insurance Coverage")minimum amounts of $1,000,000 per occurrence and $2,000,000 in the aggregate, and Seller shall be named as an additional insured thereunder; (viii) deliver to Seller before entry upon the Real Property a certificate of insurance verifying that Purchaser has obtained the Requisite Insurance Coverage; (ix) promptly pay when due the costs of all tests, investigations and examinations performed by or on behalf of Purchaser with regard to the Property; (xvi) not permit any liens to attach to the Real Property by reason of the exercise of its rights hereunder; (xivii) fully restore the Real Property to substantially the same condition in which the same was found before any such inspection or tests were undertaken; and (xiiviii) not reveal communicate with any Tenant, governmental authority or disclose service providers without Seller’s written consent; provided, however, (a) upon no less than 48 hours notice to Seller (and with Seller’s participation, if requested by Seller), Interested Party may communicate with any information obtained governmental authority (other than any property tax assessor or other taxing authorities) for any good faith reasonable purpose related to the matters described in this clause (viii), unless such communication involves the disclosure or discussion of environmental matters discovered during the Inspection Period concerning inspection, in which case Seller’s consent shall be required, and (b) Interested Party may interview tenants and service providers of the Property if the interviews are coordinated through Seller and Seller has the Due Diligence Documents right to anyone outside Purchaser's organization other than the Permitted Outside Parties except in accordance with the confidentiality standards set forth in Section 5.2(b)have a representative present for each such interview.