Common use of Owner’s Reports Clause in Contracts

Owner’s Reports. During the Option Period, Owner shall give Grantee reasonable access to review any surveys, title reports, surface reports (e.g., soil, drainage, geotechnical, environmental and flood control reports) (the “Owner’s Reports”) that Owner has in its possession or under its control. Within ten (10) business days after the Effective Date, Owner shall make available to Grantee (and maintain such availability during the Option Period) any Owner’s Reports that are in Owner’s possession as of the Effective Date and permit Grantee to make copies thereof at any time during normal business hours during the Option Period; and (b) give consent to any third party in possession of other Owner’s Reports to allow Grantee to copy or review each such report at any time during normal business hours during the Option Period. If Owner determines that any Owner Report or portion thereof is confidential, then Grantee shall treat said reports or portions thereof as confidential and shall execute any such documents as necessary to preserve that confidential designation. Grantee shall assume all costs and expenses concerning the replication, review and assessment of any and all Owner’s Reports.