Phase I Environmental Assessment. The Company will obtain and deliver to Parent, as soon as practicable, and in any event on or before September 15, 1997, a Phase I environmental assessment prepared by environmental engineers reasonably acceptable to Parent with respect to all of the real estate owned or leased by the Company listed on Schedule 2.2(n)(1) or Schedule 2.2(n)(2) of the Company Disclosure Schedule (the "Environmental Assessment Property"). Each of the Company and Parent shall pay one-half of the expenses incurred by the Company in obtaining such assessments. Also during the period prior to Final Closing, the Shareholders and the Company shall afford Parent and its representatives the continuing right to inspect, during the Company's normal business hours, the Environmental Assessment Property and all books, records, contacts, documents and other data pertaining to the use, ownership, operation, or maintenance of the Environmental Assessment Property (collectively with the Phase I assessment, the "Studies").
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Transcoastal Marine Services Inc), Purchase and Sale Agreement (Transcoastal Marine Services Inc), Agreement and Plan of Merger (Transcoastal Marine Services Inc)
