Common use of Phase I Environmental Report Clause in Contracts

Phase I Environmental Report. Upon the occurrence of an Event of Default, the Lessor may, at the Lessee’s expense, obtain a current Phase I environmental assessment report for the Leased Property (and such other reports that may be reasonably required or recommended under such report) dated, commenced and completed after the date of occurrence of the Event of Default and in form and substance reasonably satisfactory to the Lessor, from an environmental consultant selected by the Lessor certifying as to the environmental conditions with respect to the Leased Property. The obligations of the Lessee under this Section 18.5 shall survive the termination of this Lease.

Phase I Environmental Report. ​ Upon the occurrence of an Event of Default, the Lessee at Lessor’s request shall furnish to the Lessor may, at the Lessee’s expense, obtain a current Phase I environmental assessment report for the Leased Property (and such other reports that may be reasonably required or recommended under such report) dated, commenced and completed no earlier than forty-five (45) days from and after the date of occurrence of the Event of Default and in form and substance reasonably satisfactory to the Lessor, from an environmental consultant selected by the Lessee and approved by the Lessor certifying as to the environmental conditions with respect to the Leased Property. The obligations of the Lessee under this Section 18.5 18.6 shall survive the termination of this Lease.. ​

Phase I Environmental Report. Upon the occurrence of an Event of Default, the Lessee at Lessor’s request shall furnish to the Lessor may, at the Lessee’s expense, obtain a current Phase I environmental assessment report for the Leased Property (and such other reports that may be reasonably required or recommended under such report) dated, commenced and completed no earlier than forty-five (45) days from and after the date of occurrence of the Event of Default and in form and substance reasonably satisfactory to the Lessor, from an environmental consultant selected by the Lessee and approved by the Lessor certifying as to the environmental conditions with respect to the Leased Property. The obligations of the Lessee under this Section 18.5 18.6 shall survive the termination of this Lease.