Common use of Site Visits, Observations and Testing Clause in Contracts

Site Visits, Observations and Testing. Subject to the limitations in this Section 7 and the terms of the existing Leases, Lender and any assignee and its agents and representatives shall have the right at any reasonable time, on reasonable advance notice, to enter and visit the Property for the purposes of observing the Property, taking and removing soil or groundwater samples, and conducting tests on any part of the Property upon Lender’s Belief of a Release or Violation. Such parties shall have no duty, however, to visit or observe the Property or to conduct tests, and no site visit, observation or testing by any such party shall impose any liability on any such party. In no event shall any site visit, observation or testing by any such party be a representation that Hazardous Substances are or are not present in, on or under the Property, or that there has been or shall be compliance with any Environmental Laws. Neither Indemnitor nor any other Person is entitled to rely on any site visit, observation or testing by any such party. Any such party shall give Indemnitor reasonable notice before entering the Property and such site visits, observations, testing shall be limited to once per calendar year, subject to Lender’s Belief of a Release or Violation. Any such party shall make reasonable efforts to avoid any unreasonable interference with Borrower’s use or enjoyment of the Property in exercising any rights provided in this Section.

Appears in 2 contracts

Samples: Environmental Indemnity (Inland Real Estate Income Trust, Inc.), Environmental Indemnity (Inland Real Estate Income Trust, Inc.)

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Site Visits, Observations and Testing. Subject to the limitations in this Section 7 and 7, Administrative Agent, the terms of the existing Leases, Lender Lenders and any assignee and its their respective agents and representatives shall have the right at any reasonable time, on reasonable advance notice, to enter and visit the Property for the purposes of observing the Property, taking and removing soil or groundwater samples, and conducting non-invasive tests on any part of the Property upon LenderAdministrative Agent’s Belief of a Release or Violation. Such parties shall have no duty, however, to visit or observe the Property or to conduct tests, and no site visit, observation or testing by any such party shall impose any liability on any such partyparty unless such party was grossly negligent in conducting such observation or testing. In no event shall any site visit, observation or testing by any such party be a representation that Hazardous Substances are or are not present in, on or under the Property, or that there has been or shall be compliance with any Environmental Laws. Neither Indemnitor nor any other Person is entitled to rely on any site visit, observation or testing by any such party. Any such party shall give Indemnitor reasonable notice before entering the Property and such site visits, observations, testing shall be limited to once per calendar year, subject to LenderAdministrative Agent’s Belief of a Release or Violation. Any such party shall make reasonable efforts to avoid any unreasonable interference with Borrower’s use or enjoyment of the Property in exercising any rights provided in this Section.

Appears in 1 contract

Samples: Environmental Indemnity (New York City REIT, Inc.)

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