Common use of Phase I Site Assessments Clause in Contracts

Phase I Site Assessments. Perform or commission Phase I Site Assessments of the Real Property and provide copies of the written report for such assessments to Citadel promptly upon such reports becoming available to the Company. Such assessments shall be performed by an environmental company reasonably acceptable to Citadel and at Citadel's cost and expense. If the reports for the Phase I Site Assessments indicate that any Real Property contains one or more conditions of Environmental Noncompliance, the Company shall promptly commence remedial action to cure the conditions, and shall cure the conditions (at the Stockholder's cost and expense), prior to Closing.

Phase I Site Assessments. Perform or commission Phase I Site Assessments of the Real Property and provide copies of the written report for such assessments to Citadel promptly upon such reports becoming available to the CompanySeller. Such assessments shall be performed by an environmental company reasonably acceptable to Citadel and at Citadel's cost and expense. If the reports for the Phase I Site Assessments indicate that any Real Property contains one or more conditions of Environmental Noncompliance, the Company Seller shall promptly commence remedial action to cure the conditions, and shall cure the conditions (at the Stockholder's cost and expense)conditions, prior to Closing.