Common use of Environmental Audit Clause in Contracts

Environmental Audit. Buyer may, at its option and expense, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey of the properties of the Station. If the survey discloses any material environmental hazard or material possibility of future liability for environmental damages or clean-up costs, Buyer shall so notify Seller as soon as practicable.

Appears in 9 contracts

Samples: Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (Paxson Communications Corp)

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Environmental Audit. Buyer may, at its option and expenseoption, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey of the properties of any or all of the StationStations. If the survey discloses any material environmental hazard or material possibility of future liability for environmental damages or clean-up costs, Buyer shall so notify Seller as soon as practicable.

Appears in 2 contracts

Samples: Asset Purchase Agreement (American Radio Systems Corp /Ma/), Asset Purchase Agreement (Paxson Communications Corp)

Environmental Audit. (a) Buyer may, at its option and expense, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey surveys of the properties of the StationStations. If the either survey discloses any material environmental hazard or material possibility of future material liability for environmental damages or clean-up costscosts (each, an "Environmental Hazard"), Buyer shall so notify Seller Sellers as soon as practicable.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Environmental Audit. Buyer may, at its option and expense, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey of the properties of the Station. If the Buyer shall promptly notify Seller if such survey discloses any material environmental hazard or material possibility of future liability for environmental damages or clean-up costs, Buyer shall so notify Seller as soon as practicable.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Environmental Audit. Buyer may, at its option and expense, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey 25 of the properties of the Station. If the survey discloses any material environmental hazard or material possibility of future liability for environmental damages or clean-up costs, Buyer shall so notify Seller as soon as practicable.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

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Environmental Audit. Buyer may, at its option and expense, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey of the properties of the each Station. If the survey discloses any material environmental hazard or material possibility of future liability for environmental damages or clean-up costs, Buyer shall so notify Seller as soon as practicable, and in any event prior to June 1, 1999.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Environmental Audit. Buyer may, at its option and expense, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey of the properties of the StationReal Property. If the survey discloses any material environmental hazard or material possibility of future liability for environmental damages or clean-up costs, Buyer shall so notify Seller as soon as practicable.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

Environmental Audit. Buyer may, at its option and expense, retain an environmental consultant to be selected by Buyer to perform a Phase I environmental survey of the properties of the Station. If the survey discloses any material environmental hazard or material possibility of future liability for environmental damages or clean-up costs, Buyer shall so notify Seller Sellers as soon as practicable.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

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