Common use of Site Assessments and Information Clause in Contracts

Site Assessments and Information. If Lender shall ever have reason to believe that any Release or threatened Release or any non-compliance with any Environmental Requirement has occurred with respect to any Real Property, or if any Environmental Claim is made or threatened with respect to any Real Property, or if an Event of Default occurs, or following the completion of any corrective action pursuant to Section 12.12.3, Loan Parties shall, within thirty (30) days of written request by Lender to Representative and at Borrower’s sole cost and expense, provide to Lender an environmental site assessment and compliance audit of the Real Property which addresses such conditions. Such environmental site assessment shall be performed to the reasonable satisfaction of Lender, in accordance with good environmental engineering practices and by a consulting firm reasonably acceptable to Lender. Each report shall be addressed to Lender. A copy of each report and all supporting documents shall be promptly furnished to Lender.

Site Assessments and Information. If Lender shall ever have reason to believe that any Release or threatened Release of a Hazardous Material or any non-compliance with any Environmental Requirement has occurred with respect to any Real the Property, or if any Environmental Claim is made or threatened with respect to any Real the Property, or if an Event of Default (as defined in the Mortgage) occurs, or following the completion of any corrective action pursuant to Subsection (d) of Section 12.12.33, Loan Parties Obligors shall, within thirty (30) days of written request by Lender to Representative and at Borrower’s sole cost and Obligors’ expense, provide to Lender an environmental site assessment and compliance audit of the Real Property which addresses such conditions. Such environmental site assessment and compliance audit shall be performed to the reasonable satisfaction of Lender, in accordance with good environmental engineering practices and by a consulting firm reasonably acceptable to Lender. Each report shall be addressed to Lender. A copy of each report and all supporting documents shall be promptly furnished to Lender.