Common use of Notice of Environmental Defects; Remedies Clause in Contracts

Notice of Environmental Defects; Remedies. (a) If Buyer discovers any Environmental Defect, then Buyer may (but shall have no obligation to) deliver to Seller, prior to the Defect Deadline, an Environmental Notice with respect to such Environmental Defect; provided that Buyer agrees to regularly update Seller concerning the progress of Buyer’s environmental due diligence and deliver a preliminary notice with respect to any Environmental Defect Buyer reasonably believes it will assert as soon as reasonably practicable before the Defect Deadline. Buyer shall be deemed to have waived, and Seller shall have no liability for, any Environmental Defect for which Seller has not received an Environmental Notice on or before the Defect Deadline.

Notice of Environmental Defects; Remedies. (a) If Buyer Xxxxx discovers any Environmental Defect, then Buyer may (but shall have no obligation to) deliver to Seller, prior to the Defect Deadline, an Environmental Notice with respect to such Environmental Defect; provided that Buyer Xxxxx agrees to regularly update Seller concerning the progress of Buyer’s environmental due diligence and deliver a preliminary notice with respect to any Environmental Defect Buyer reasonably believes it will assert as soon as reasonably practicable before the Defect Deadline. Buyer shall be deemed to have waived, and Seller shall have no liability for, any Environmental Defect for which Seller has not received an Environmental Notice on or before the Defect Deadline.