Common use of Survey and Inspection Clause in Contracts

Survey and Inspection. Recipient and Recipient’s agents, employees and independent contractors shall have the right and privilege at reasonable times and after reasonable notice to Contributor to enter upon the Property during the Inspection Period to survey and inspect the Property and to conduct soil borings, environmental assessment and toxic waste studies and other geological, engineering, water or landscaping tests or studies or building inspections, all at Recipient’s sole cost and expense. Recipient hereby covenants and agrees to indemnify and hold harmless Contributor from any and all loss, liability, cost (including without limitation reasonable attorney fees), claim, demand, damage, action, cause of action and suit arising out of or in any manner related to the exercise by Recipient of Recipient’s rights under this section (but not the existence of any condition discovered in the course of Recipient’s inspections and testing).

Appears in 2 contracts

Samples: Contribution Agreement (GLADSTONE LAND Corp), Contribution Agreement (GLADSTONE LAND Corp)

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Survey and Inspection. Recipient Purchaser and RecipientPurchaser’s agents, employees and independent contractors shall have the right and privilege at reasonable times and after reasonable notice to Contributor Seller to enter upon the Property during the Inspection Period to survey and inspect the Property and to conduct soil borings, environmental assessment and toxic waste studies and other geological, engineering, water or landscaping tests or studies or building inspections, all at RecipientPurchaser’s sole cost and expense. Recipient Purchaser hereby covenants and agrees to indemnify and hold harmless Contributor Seller from any and all loss, liability, cost (including without limitation reasonable attorney fees), claim, demand, damage, action, cause of action and suit arising out of or in any manner related to the exercise by Recipient Purchaser of RecipientPurchaser’s rights under this section (but not the existence of any condition discovered in the course of RecipientPurchaser’s inspections and testing).

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (GLADSTONE LAND Corp), Agreement of Purchase and Sale (GLADSTONE LAND Corp)

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