Common use of Right to Enter and Inspect Clause in Contracts

Right to Enter and Inspect. From time to time prior to the Closing, upon reasonable notice, subject to applicable law, Parent and Buyer will have reasonable access, during normal business hours, to enter the Owned Real Property with Parent's or Buyer's representatives and agents to examine the Owned Real Property and the Acquired Assets, conduct environmental studies (not including soil or groundwater or other testing unless agreed to in writing by Seller), engineering feasibility studies, and other tests and studies reasonable and customary for a transaction of the type contemplated hereby, and otherwise to evaluate, inspect and examine the Acquired Assets and the Business and affairs of Seller. Parent and Buyer, jointly and severally, shall indemnify and defend Selling Parties, their officers, directors, employees, representatives and agents, from all losses, costs, damages, harm, claims and liabilities, and mechanics' and materialmens' liens which may be asserted against Selling Parties, or any of the foregoing indemnified parties, as a result of any negligent or willful misconduct in connection with the access, examination, evaluation, inspection, investigation and tests and studies made by Parent, Buyer or their representatives or agents.

Appears in 2 contracts

Sources: Master Transaction Agreement (Meritage Corp), Master Transaction Agreement (Zenith National Insurance Corp)