Boise Body Shop Sample Clauses

Boise Body Shop. Prior to the Closing, the Sellers will give the Buyer, its consultants and providers reasonable access to the Boise Body Shop so they can perform a Phase 1 site assessment, limited compliance review and survey. The Buyer has engaged consultants and providers to provide a phase I report, limited compliance review report, zoning report and title commitment. To the extent the environmental assessments and review, survey, zoning or title report discloses issues that will not allow the Buyer to operate the business in the ordinary course as it is currently being operated by the Sellers at the Boise Body Shop, the Buyer shall have the option, in its sole discretion, to either (a) not assume the existing Boise Body Shop real property lease, and as a result, the Assumed Real Property Lease Assignment required to be delivered for the Boise Body Shop under Section 8.3(e) will no longer be required, or (b) enter into a servicing agreement with BIAA pursuant to the terms set forth on Exhibit 5.13-1; provided, however, in the event the Buyer elects to enter into a servicing agreement, the Sellers shall have the rights as set forth on Exhibit 5.13-2.
Sample 1
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