Common use of Environmental Testing Clause in Contracts

Environmental Testing. The Landlord shall have the right on prior notice to Tenant of at least forty-eight (48) hours to engage in any environmental testing and sampling of the Premises that the Landlord may reasonably deem necessary to protect its interests whenever either (1) an Event of Default shall have occurred or shall be continuing or (2) the Landlord shall deem such environmental testing and sampling necessary to protect the Landlord, the Premises or any other collateral which is security for the Loan from the effects of ISRA or the Spill Act. The Tenant shall be liable for the costs of such environmental testing and sampling, which shall be payable on demand, if the results of such testing and sampling reveals a violation of ISRA or the Spill Act by Tenant, its subtenants or licensees.