Baseline Condition definition
Examples of Baseline Condition in a sentence
Other than those disclosed in the Baseline Condition Report, no new utility systems or facilities are permitted without the prior approval of the Easement Holder under the provisions of section 7.6 of this Easement.
Seller shall not be responsible for any Environmental Condition, whether or not identified as part of the Baseline Condition.
Without limiting any other provision herein, the Landlord and the Tenant shall, throughout the term, maintain the Premises at the Baseline Condition in accordance with their respective obligations under this Article 9.
Seller and Buyer have agreed that Schedule 7.2 includes or references all material information, known to exist by either Party, related to, affecting or concerning the Environmental Condition or status of the Terminals as of the Closing Date and that such information shall constitute the "Baseline Condition" of the Terminals.
During the Purchase Option Period, Tenant may, from time to time but no more frequently than semi-annually request that Landlord provide a Landlord Certificate in the form attached as Exhibit N providing the current status of the items described therein and identifying changes in circumstances from the Baseline Condition (as described therein) it being understood that in no event shall Landlord be in breach hereof merely for identifying a change in circumstances from the Baseline Condition.