Common use of TENANT’S POST CLOSING OBLIGATIONS Clause in Contracts

TENANT’S POST CLOSING OBLIGATIONS. Tenant shall conduct the following actions and provide Landlord with written and photographic evidence of satisfactory completion of the activities listed below within ten (10) days of Tenant’s completion of each activity. Tenant shall reimburse Landlord for all of Landlord’s costs, including solicitors’ fees, incurred by Landlord in reviewing Tenant’s progress in completing the activities listed below. Tenant’s failure to timely comply with the Post-Closing Obligations below shall be deemed a Breach Event. A. Asbestos Materials Survey—Within four (4) months of the Commencement Date, Tenant shall have retained an experienced environmental consulting firm and shall have conducted an asbestos survey in compliance with the Control of Asbestos at Work regulations. If the results of the survey indicate the presence of asbestos containing materials, Tenant shall, within forty-five (45) days of the date of receipt of the survey report, develop a management plan for implementation by the Tenant to manage and remediate asbestos containing materials in accordance with the Control of Asbestos at Work regulations. Tenant shall provide Landlord with copies of the asbestos survey and with the asbestos management plan, if required, within ten (10) days of Tenant’s receipt of such documents from the environmental consultant. B. Secondary Containment—Within three (3) months of the Commencement Date, Tenant shall repair the secondary containment in the area of the two diesel aboveground storage tanks (ASTs). In addition, Tenant shall also repair the hardstanding in the vicinity of the ASTs so that it is properly levelled and does not collect or pond rainwater or releases from the tanks. Tenant shall provide Landlord with photographs, as well as a written report documenting the repair of the secondary containment and hardstanding. Within three (3) months of the Commencement Date, Tenant shall provide secondary containment for all containers of lubricating and cutting oils stored in the warehouse as referenced in the ENVIRON UK Limited Phase I report dated October 20, 2005 on pages 16 and 17 thereof Tenant shall provide Landlord with photographs, as well as a written report documenting the secondary containment provided. C. Building Warrants and Planning Consents—Within six (6) months of the Commencement Date, Tenant shall use all reasonable endeavours to obtain (where necessary) from appropriate authorities all licences, consents and planning permissions with respect to (i) the internal alterations completed to the partitioning and doors over both the ground and the first floor of the building located at the Office Premises and (ii) the external condensers over the building and in the rear ground area located at the Manufacturing 2 Premises and the adjacent Land. D. Tenant shall provide all communications regarding the Post Closing Obligations, including Tenant’s proof of satisfactory completion thereof to Landlord, addressed to: Xxxxx X. Xxxxxx, Esquire Xxxx Xxxxx LLP 000 Xxxxx Xxxxxx Xxxxxxxxxx, XX 00000 Tele: 000-000-0000 Fax: 000-000-0000

TENANT’S POST CLOSING OBLIGATIONS. Tenant shall conduct the following actions and provide Landlord with written and photographic evidence of satisfactory completion of the activities listed below within ten (10) days of Tenant’s completion of each activity. Tenant shall reimburse Landlord for all of Landlord’s costs, including solicitors’ fees, incurred by Landlord in reviewing Tenant’s progress in completing the activities listed below. Tenant’s failure to timely comply with the Post-Closing Obligations below shall be deemed a Breach Event. A. Asbestos Materials Survey—Survey - Within four (4) months of the Commencement Date, Tenant shall have retained an experienced environmental consulting firm and shall have conducted an asbestos survey in compliance with the Control of Asbestos at Work regulations. If the results of the survey indicate the presence of asbestos containing materials, Tenant shall, within forty-five (45) days of the date of receipt of the survey report, develop a management plan for implementation by the Tenant to manage and remediate asbestos containing materials in accordance with the Control of Asbestos at Work regulations. Tenant shall provide Landlord with copies of the asbestos survey and with the asbestos management plan, if required, within ten (10) days of Tenant’s receipt of such documents from the environmental consultant. B. Secondary Containment—Containment - Within three (3) months of the Commencement Date, Tenant shall repair the secondary containment in the area of the two diesel aboveground storage tanks (ASTs). In addition, Tenant shall also repair the hardstanding in the vicinity of the ASTs so that it is properly levelled and does not collect or pond rainwater or releases from the tanks. Tenant shall provide Landlord with photographs, as well as a written report documenting the repair of the secondary containment and hardstanding. Within three (3) months of the Commencement Date, Tenant shall provide secondary containment for all containers of lubricating and cutting oils stored in the warehouse as referenced in the ENVIRON UK Limited Phase I report dated October 20, 2005 on pages 16 and 17 thereof Tenant shall provide Landlord with photographs, as well as a written report documenting the secondary containment provided. C. Building Warrants and Planning Consents—Consents - Within six (6) months of the Commencement Date, Tenant shall use all reasonable endeavours to obtain (where necessary) from appropriate authorities all licences, consents and planning permissions with respect to (i) the internal alterations completed to the partitioning and doors over both the ground and the first floor of the building located at the Office Premises ?remises and (ii) the external condensers over the building and in the rear ground area located at the Manufacturing 2 Premises and the adjacent Land. D. Tenant shall provide all communications regarding the Post Closing Obligations, including Tenant’s proof of satisfactory completion thereof to Landlord, addressed to: Xxxxx X. Xxxxxx, Esquire Xxxx Xxxxx LLP 000 Xxxxx Xxxxxx Xxxxxxxxxx, XX 00000 Tele: 000-000-0000 Fax: 000-000-00000000 xxxxxxx@xxxxxxxxx.xxx