Common use of Environmental Assessment Clause in Contracts

Environmental Assessment. As part of their inspection of the Interests, Buyers and its authorized representatives shall have the right to conduct soil and water tests and borings, and generally to conduct such tests, examinations, investigations and studies as may be necessary or appropriate in Buyers' sole judgment to make an environmental assessment of the Interests. Buyers shall keep any data or information acquired through such examination and the results of all analyses of such data and information strictly confidential and shall not disclose the same to any person or agency without the prior written approval of Sellers unless such disclosure is required by law. Buyers shall take all steps necessary to ensure that Buyers' authorized representatives comply with the provisions of this Article 11. If Buyers have discovered in their environmental assessment circumstances which require remediation, control or other response under environmental laws, rules or regulations then in effect (an "Environmental Defect"), Buyers shall notify Sellers of such circumstances as soon as practicable, but in no event less than thirty (30) days prior to Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Castle Energy Corp)

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Environmental Assessment. As part of their its inspection of the Interests, Buyers Buyer and its authorized representatives shall have the right to conduct soil and water tests and borings, and generally to conduct such tests, examinations, investigations and studies as may be necessary or appropriate in Buyers' Buyer's sole judgment to make an environmental assessment of the Interests. Buyers Buyer shall keep any data or information acquired through such examination and the results of all analyses of such data and information strictly confidential and shall not disclose the same to any person or agency without the prior written approval of Sellers Seller unless such disclosure is required by law. Buyers Buyer shall take all steps necessary to ensure that Buyers' Buyer's authorized representatives comply with the provisions of this Article 11. If Buyers have Buyer has discovered in their its environmental assessment circumstances which require remediation, control or other response under environmental laws, rules or regulations then in effect (an "Environmental Defect"), Buyers Buyer shall notify Sellers Seller of such circumstances as soon as practicable, but in no event less than thirty ten (3010) days prior to Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Castle Energy Corp)

Environmental Assessment. As part of their its inspection of the Interests, Buyers Buyer and its authorized representatives shall have the right to conduct soil and water tests and borings, and generally to conduct such tests, examinations, investigations and studies as may be necessary or appropriate in Buyers' Buyer=s sole judgment to make an environmental assessment of the Interests. Buyers Buyer shall keep any data or information acquired through such examination and the results of all analyses of such data and information strictly confidential and shall not disclose the same to any person or agency without the prior written approval of Sellers unless such disclosure is required by law. Buyers Buyer shall take all steps necessary to ensure that Buyers' Buyer's authorized representatives comply with the provisions of this Article 11. If Buyers have Buyer has discovered in their its environmental assessment circumstances which require remediation, control or other response under environmental laws, rules or regulations then in effect (an "Environmental Defect"), Buyers Buyer shall notify Sellers of such circumstances as soon as practicable, but in no event less than thirty ten (3010) days prior to Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Environmental Assessment. As part of their its inspection of the Interests, Buyers Buyer and its authorized representatives shall have the right to conduct soil and water tests and borings, and generally to conduct such tests, examinations, investigations and studies as may be necessary or appropriate in Buyers' Buyer's sole judgment to make an environmental assessment of the Interests. Buyers Buyer shall keep any data or information acquired through such examination and the results of all analyses of such data and information strictly confidential and shall not disclose the same to any person or agency without the prior written approval of Sellers Seller unless such disclosure is required by law. Buyers Buyer shall take all steps necessary to ensure that Buyers' Buyer's authorized representatives comply with the provisions of this Article 11. If Buyers have Buyer has discovered in their its environmental assessment circumstances which require remediation, control or other response under environmental laws, rules or regulations then in effect (an "Environmental Defect"), Buyers Buyer shall notify Sellers Seller of such circumstances as soon as practicable, but in no event less than thirty ten (3010) days prior to Closing. No condition or circumstance in the Section 22 field or the Section 20 Well shall be considered an Environmental Defect. Notwithstanding anything to the contrary in this Agreement, Buyer shall be deemed to have waived any Environmental Defect Buyer has not specifically asserted in its notice presented after such deadline.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Environmental Assessment. As part of their its inspection of the Interests, Buyers Buyer and its authorized representatives shall have the right to conduct soil and water tests and borings, and generally to conduct such tests, examinations, investigations and studies as may be necessary or appropriate in Buyers' Buyer's sole judgment to make an environmental assessment of the Interests. Buyers Buyer shall keep any data or information acquired through such examination and the results of all analyses of such data and information strictly confidential and shall not disclose the same to any person or agency without the prior written approval of Sellers unless such disclosure is required by law. Buyers Buyer shall take all steps necessary to ensure that Buyers' Buyer's authorized representatives comply with the provisions of this Article 11. If Buyers have Buyer has discovered in their its environmental assessment circumstances which require remediation, control or other response under environmental laws, rules or regulations then in effect (an "Environmental Defect"), Buyers Buyer shall notify Sellers of such circumstances as soon as practicable, but in no event less than thirty ten (3010) days prior to Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Castle Energy Corp)

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Environmental Assessment. As part of their inspection of the Interests, Buyers Buyer and its authorized representatives shall have the right to conduct soil and water tests and borings, and generally to conduct such tests, examinations, investigations and studies as may be necessary or appropriate in Buyers' Buyer's sole judgment to make an environmental assessment of the Interests. Buyers Buyer shall keep any data or information acquired through such examination and the results of all analyses of such data and information strictly confidential and shall not disclose the same to any person or agency without the prior written approval of Sellers Seller unless such disclosure is required by law. Buyers Buyer shall take all steps necessary to ensure that Buyers' Buyer's authorized representatives comply with the provisions of this Article 11. If Buyers Buyer have discovered in their environmental assessment circumstances which require remediation, control or other response under environmental laws, rules or regulations then in effect (an "Environmental Defect"), Buyers Buyer shall notify Sellers Seller of such circumstances as soon as practicable, but in no event less than thirty (30) days prior to Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Castle Energy Corp)

Environmental Assessment. As part of their its inspection of the Interests, Buyers Buyer and its authorized representatives shall have the right to conduct soil and water tests and borings, and generally to conduct such tests, examinations, investigations and studies as may be necessary or appropriate in Buyers' Buyer's sole judgment to make an environmental assessment of the Interests. Buyers Buyer shall keep any data or information acquired through such examination and the results of all analyses of such data and information strictly confidential and shall not disclose the same to any person or agency without the prior written approval of Sellers Seller unless such disclosure is required by law. Buyers Buyer shall take all steps necessary to ensure that Buyers' Buyer's authorized representatives comply with the provisions of this Article 11. If Buyers have Buyer has discovered in their its environmental assessment circumstances which require remediation, control or other response under environmental laws, rules or regulations then in effect (an "Environmental Defect"), Buyers Buyer shall notify Sellers Seller of such circumstances as soon as practicable, but in no event less than thirty (30) days prior to Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)

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