Survey and Environmental Assessments. During the Contingency Period (as defined in Section 6), Buyer may, at its sole discretion and expense: (a) commission a surveyor of Buyer’s choice to prepare an ALTA survey of the Property; and (b) engage an environmental consultant of Buyer’s choice to prepare a Phase I environmental site assessment of the Property and, if recommended by such consultant, obtain a Phase II environmental site assessment and perform any recommended testing. The scope and manner of the Phase II environmental site assessment shall be subject to the prior written approval of Seller in its sole discretion. Seller shall cooperate with Buyer’s obtaining such survey and environmental site assessments. Seller shall provide Buyer with all as-built plans and specifications for the Property in Seller’s possession or control, and Seller shall facilitate access to the Property by Buyer’s surveyor, consultants and representatives. Seller shall provide Buyer and its environmental consultant with copies of any environmental reports, assessments or other information in Seller’s possession or control concerning the Property.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (Retail Opportunity Investments Corp), Purchase and Sale Agreement (Retail Opportunity Investments Corp), Purchase and Sale Agreement (Retail Opportunity Investments Corp)