Physical Inspection of Property. 5.2.1 Seller shall allow Purchaser and Purchaser's engineers, architects or other employees and agents' reasonable access to the Property during normal business hours for the limited purposes provided herein.
Physical Inspection of Property. Prior to the expiration of the Study Period, Buyer and Buyer’s representatives, agents and designees shall have the right at reasonable times to enter upon the Real Property, at Buyer’s sole cost, solely for the purpose of conducting such Inspections as Buyer may elect to make or obtain, subject to the following:
Physical Inspection of Property. 5.2.1 Seller shall allow Purchaser and Purchaser’s engineers, architects or other employees and agents reasonable access to the Property during normal business hours for the limited purposes provided herein. At least two (2) full business days’ advance written notice (which notice may be given via electronic mail to Xxxxxxxx Xxxxxxxxx (xxxxxxxxxx@xxxxxxx.xxx)) will be provided for any required walk-throughs of occupied units. At least one (1) full business day advance written notice (which notice may be given by electronic mail as hereinabove said) will be provided for any other onsite access to the Property.
Physical Inspection of Property. 5.2.1 Prior to the Closing or earlier termination of this Agreement, Seller shall allow Purchaser and Purchaser’s engineers, architects, consultants or other employees and agents reasonable access to the Property during normal business hours for the limited purposes provided herein; provided, that, Purchaser acknowledges that Seller may make certain information available in the Data Site or at the offices of XxXxxxxx Development Company.
Physical Inspection of Property. The Contractor must conduct a site inspection, documenting current site conditions and identifying areas of potential environmental concern. Information obtained in the historical and regulatory review shall be considered during the site walkover. The Contractor must perform the following tasks: • Conduct a visual investigation of the property to identify areas of potential environmental concern, including, but not limited to: ⮚ Site Topography (including wetlands and surface water drainage) ⮚ Containers (Drums, Tanks) ⮚ Roads, Railroad Tracks ⮚ Chemical Storage Areas ⮚ Electrical Transformers (PCBs) ⮚ Underground Storage Tanks ⮚ Air Emission Sources ⮚ Evidence of Underground Voids ⮚ Landmarks ⮚ Disposal Areas ⮚ Stressed Vegetation ⮚ Water Xxxxx ⮚ Waterways ⮚ Drainage Areas ⮚ Surface Staining ⮚ Pits, Ponds, Lagoons • Conduct a visual investigation of the exterior and interior of buildings and structures located on the property, identifying areas of potential environmental concern including, but not limited to: ⮚ Size, Use, Condition ⮚ On-site disposal Areas or Equipment ⮚ Chemical Storage Areas ⮚ Electrical Equipment ⮚ Stained/Cracked Building Surfaces ⮚ Chemical Handling ⮚ Drains, Sinks, Sumps, Trenches ⮚ Landmarks • Conduct a visual investigation of all accessible interior and exterior areas of all buildings and structures on the property to determine the presence of asbestos-containing materials (ACMs). This asbestos survey consists of identifying asbestos-containing materials (ACMs). This work shall include confirmation sampling and analysis and site- specific work scopes outlining costs for removal and disposal. Asbestos survey work shall meet survey standards for Renovation and Demolition of the Commonwealth of Virginia and Environmental Protection Agency (EPA) requirements for asbestos inspectors, management planners, and designers. The ACM survey shall identify the following: ⮚ location of ACMs ⮚ type of ACMs ⮚ quantity of ACMs ⮚ estimate of cost for removal of ACMs ⮚ estimate of cost for design and monitoring of an ACM abatement project. • Investigate all accessible interior and exterior areas of all buildings and structures on the property to determine the presence of lead-containing materials (LCMs). This lead survey consists of identifying suspect lead-containing building materials (LCMs). This option shall include confirmation sampling and analysis, and site-specific work scopes outlining costs. Lead survey work shall meet all requirements of ...
Physical Inspection of Property. At the discretion of PHFA, physical inspections will be performed on LIHTC units at least every five years. The developments participating in a Physical Inspection will be subject to the following: a. Notification in writing of a proposed visitation review date. b. Required to have on file a copy of the letter sent to tenant(s) notifying them of a pending physical inspection of the unit. c. A review will be performed by a PHFA representative to determine compliance with code requirements. The number of units reviewed will not be less than 20 percent of the Low Income Housing Tax Credit units, and may be up to 100 percent of the units. d. PHFA representative will respond to the owner/agent as to any finding during this review. The owner/agent will be required to respond to the representative within 90 days of the date of the letter, addressing the method and/or action completed to rectify each item. If at the end of the 90-day period any issue remains unaddressed, the Agency will issue a letter to the owner informing them of possible repercussions.
Physical Inspection of Property. Buyer shall have the right (for itself, its engineers, and other representatives) to enter onto the Property to make a physical inspection thereof, to examine the structure of any Improvements, to conduct soil tests, and to make such other examinations as Buyer shall deem appropriate. Seller will cause its contractor, engineer and agents, to cooperate with Buyer, its employees, agents, and representatives in connection with such inspection and to respond in writing to such reasonable questions as Buyer (or its employees, agents, engineers and representatives) may ask in connection with Buyer's inspection. Commencing on the Effective Date, and continuing until the Closing Date, Seller shall make available at Seller's office, for inspection and copying by Buyer or Buyer's designated representatives, all books and records relating to the Property. Buyer shall indemnify and defend (using counsel reasonably acceptable to Seller) Seller and hold Seller harmless from and against all loss, liability, damage, injury, and claims resulting from Buyer's testing or inspection of the Property; provided, however, this indemnity shall not include, and shall specifically exclude, any loss, liability, damage, injury, and claims arising out of or resulting from, in whole or in part (a) the gross negligence, or willful misconduct of Seller, or Seller's agents, representatives, contractors, or employees, or (b) the discovery by Buyer, or its agents, representatives, contractors, or employees of the presence of any toxic or hazardous substance or hazardous material in, on, or under the Property, which condition must be remediated under applicable Environmental Laws (as that term is hereinafter defined); provided, however, that the exclusion referred to in item (b) shall not extend to any claims made by the agents, representatives, contractors, or employees of Buyer arising out of exposure to any toxic or hazardous substance or hazardous material in, on, or under the Property which exposure occurs during the course of Buyer's investigations. This indemnity shall survive the closing of this transaction (or if this transaction does not close, the termination of this Agreement) for a period of twelve (12) months commencing on the Closing Date (as hereinafter defined), or if the transaction does not close, the date this Agreement is terminated. Upon the expiration of such twelve (12) month period, this indemnity shall automatically terminate without the necessity of any notice, and ...
Physical Inspection of Property. Purchaser acknowledges that Seller has allowed Purchaser and Purchaser’s engineers, architects or other employees, agents, consultants and contractors reasonable access to the Property during normal business hours for the purposes of (i) 724643206.7 17544974 reviewing contracts, books and records relating to the Property (other than any privileged, proprietary or confidential records), soil reports, environmental studies and reports, surveys, and building and systems plans and to make copies of the same; (ii) reviewing records relating to operating expenses and other instruments and correspondence relating to the Property and to make copies of the same; and (iii) inspecting the physical condition of the Property and conducting non-intrusive physical and environmental tests and inspections thereof. Notwithstanding anything to the contrary contained herein, at no time shall Purchaser have access to any portion of the electrical substation that Seller does not have access to as a matter of right.
Physical Inspection of Property. Buyer shall have until the end of the Inspection Period in which to inspect and examine the Property and conduct all tests and hazardous waste examinations to the extent Buyer deems necessary to determine the condition of the Property. Buyer shall have access to all buildings, improvements, storage areas, other spaces, equipment and personalty that are included in the Property upon providing reasonable prior notice to Seller; provided that Seller may, if it so elects, accompany Buyer while Buyer's secures such access. Buyer shall indemnify Seller from and against any damages incurred by Seller as a result of Buyer's (or its agents' affiliates', employees' or contractors') acts or omissions on the Property during the Inspection Period, excluding damages caused by Seller's acts or omissions, or those of Seller's agents, affiliates, employees or contractors, and Buyer shall maintain (or insure that its agents maintain) liability insurance in an amount of at least $1 million covering such potential liability during the Inspection Period, insuring Buyer and Seller and delivering proof of same to Seller prior to entering the Property. Buyer shall not, without Seller's prior written consent, talk to tenants or do anything which damages the Property during the Inspection Period, and Buyer shall be responsible for promptly repairing any damage thereto that it does cause. The two immediately preceding sentences shall survive any termination of this Agreement, notwithstanding any contrary provision provided elsewhere herein.
Physical Inspection of Property. (i) Access. Seller shall allow Purchaser and Purchaser’s engineers, architects or other employees and agents reasonable access to the Property during normal business hours for the limited purposes provided herein. Purchaser and its engineers, architects and other employees and agents may exercise such access solely for the purpose inspecting the physical condition of the Property and conducting non-intrusive physical and environmental tests and inspections thereof. PURCHASER SHALL NOT CONDUCT OR ALLOW ANY PHYSICALLY INTRUSIVE TESTING OF, ON OR UNDER THE PROPERTY WITHOUT FIRST OBTAINING SELLER’S WRITTEN CONSENT WHICH SHALL NOT BE UNREASONABLY CONDITIONED, DELAYED OR DENIED AS TO THE TIMING AND SCOPE OF THE WORK TO BE PERFORMED AND THE PARTIES ENTERING INTO AN AMENDMENT HERETO MEMORIALIZING SUCH SCOPE OF WORK AND ANY ADDITIONAL AGREEMENTS OF THE PARTIES WITH RESPECT TO SUCH TESTING.
