Common use of Phase I Reports Clause in Contracts

Phase I Reports. In the event such is obtained in connection with the acquisition of Oil and Gas Properties directly or indirectly through a subsidiary or otherwise, the Partnership shall deliver to the Lead Holder a copy of a Phase I Report covering such Oil and Gas Properties, and in the event such is not obtained, the Partnership will provide a Phase I Report upon request by the Lead Holder and no more than once per year in the absence of any Event of Default (or as otherwise required to be obtained by the Lead Holder of any Governmental Authority), in connection with any future acquisition of any Oil and Gas Properties.

Phase I Reports. In the event such is obtained in connection with the acquisition of Oil and Gas Properties directly or indirectly through a subsidiary or otherwise, the Partnership shall deliver to the Lead Holder Representative a copy of a Phase I Report covering such Oil and Gas Properties, and in the event such is not obtained, the Partnership will provide a Phase I Report upon request by the Lead Holder Representative and no more than once per year in the absence of any Event of Default (or as otherwise required to be obtained by the Lead Holder Representative of any Governmental Authority), in connection with any future acquisition of any Oil and Gas Properties.