Common use of Phase I Report Clause in Contracts

Phase I Report. Within thirty (30) days prior to the expiration or sooner termination of the Term, Tenant, at its expense, shall cause a so-called "Phase I" environmental inspection to be performed and a report in respect thereof to be prepared and delivered to both Landlord and Tenant to determine whether any Cleanup Activity is required, Landlord and Tenant agreeing that the responsibility for the Cleanup Activity shall be determined by the preceding provisions of this Section.

Phase I Report. Within thirty (30) days prior to after the expiration or sooner termination of the Term, Tenant, at its expense, shall cause a so-called "Phase I" environmental inspection to be performed and a report in respect thereof to be prepared and delivered to both Landlord and Tenant to determine whether any Cleanup Activity is required, Landlord and Tenant agreeing that the responsibility for the Cleanup Activity shall be determined by the preceding provisions of this Section.