Phase I Environmental Audit. Permit Sovereign, if Sovereign elects to do so, at its own expense, to cause a "phase I environmental audit" to be performed at any physical location owned or occupied by Bankers or any Bankers Subsidiary on the date hereof;
Phase I Environmental Audit. During the Term, Buyer may conduct (or have conducted on its behalf by an environmental auditor) a Phase I environmental audit of the Real Property, subject to the terms and conditions of Sections 7.4.2 and 7.6 below.
Phase I Environmental Audit. Buyer may obtain at its own expense, as soon as practicable, but in any event within thirty (30) days of the date of this Agreement, Phase I reports pursuant to ASTM Standard E 1527-97 or other standard environmental assessments (the "Environmental Reports") with respect to any properties owned or leased by the Company from and environmental engineering firm selected by Buyer. Buyer acknowledges and agrees that the Company leases all its real property and, as a result, Buyer's ability to obtain such Environmental Reports may be limited. If Buyer elects to obtain such Environmental Reports, Buyer shall, promptly (but in no event later than five (5) business days) after receipt thereof, provide a copy of such Environmental Reports to the Company.
Phase I Environmental Audit. During the Due Diligence Period, Buyer may conduct (or have conducted on its behalf by an environmental auditor) a Phase I environmental audit of the Real Property, subject to the terms and conditions of Sections 6.4.2 and 6.6 below.
Phase I Environmental Audit. Permit First Star, if First Star elects to do so, at First Star's own expense, to cause a "phase I environmental audit" to be performed at any physical location owned or occupied by NSB on the date hereof. In the event that such "phase 1 environmental audit" reveals a Violation or Condition that would have a Material Adverse Effect, First Star may, without any further obligation hereunder, terminate this Agreement.
Phase I Environmental Audit. KNBT shall permit NPB, if NPB elects to do so, at its own cost and expense, to cause a “phase I environmental audit” to be performed at any physical location owned or occupied by KNBT or any KNBT Subsidiary. NPB must commence a “phase I environmental audit” within thirty (30) days of the date of this Agreement or NPB's right to perform such an audit shall be waived.
Phase I Environmental Audit. HomeTowne shall permit NPB, if NPB elects to do so, at its own cost and expense, to cause a "phase I environmental audit" to be performed at any physical location owned or occupied by HomeTowne. NPB must commence a "phase I environmental audit" within sixty (60) days of the date of this Agreement or NPB's right to perform such an audit shall be waived.
Phase I Environmental Audit. Permit PSB, if PSB elects to do so, at its own expense, to cause a "phase I environmental audit" to be performed at any physical location owned or occupied by FBKP or any FBKP Subsidiary on the date hereof;
Phase I Environmental Audit. Permit Franklin, if Franklin elects to do so, at its own expense, to cause a “phase I environmental audit” to be performed within sixty (60) days after the date of this Agreement at any physical location owned or occupied by Xxxxxx on the date hereof;
Phase I Environmental Audit. Purchaser and/or its appointed agents shall be entitled to perform at Purchaser’s sole cost and expense, a Phase I environmental audit of all the Real Property (the “Phase I Audit”); provided that the Phase I Audit shall not include any invasive testing or soils boring. Purchaser agrees to undertake the Phase I Audit within thirty days of the date of this Agreement and to complete the Phase I Audit within forty-five days of the date of this Agreement. Each of the MGM Acquired Entities shall provide Purchaser and its appointed agents access to the Real Property as needed to conduct the Phase I Audit. Each of the MGM Acquired Entities shall fully cooperate with all reasonable requests made by Purchaser and its appointed agents in connection with the Phase I Audit. Purchaser hereby indemnifies and holds the MGM Parties harmless from and against any and all Liabilities and Losses arising from or otherwise relating to the entry of the personnel performing the Phase I Audit on the Real Property, except if the Liability or Loss results from the gross negligence of the MGM Parties.
