Common use of Approval of Environmental Condition of the Site Clause in Contracts

Approval of Environmental Condition of the Site. Prior to the Closing, Participant shall approve or disapprove the environmental condition of the Site by written notice to the City. In the event that Participant disapproves the environmental condition of the Site, this Agreement shall be terminated as provided in Section 7.3(b) hereof prior to the Closing. In the event Participant disapproves the condition of the Site because it determines that environmental remediation is required to place the Site in a condition suitable for use as required hereunder any party to this Agreement may terminate this Agreement as provided herein prior to the Closing.