Common use of Environmental Consultant Clause in Contracts

Environmental Consultant. In the event of any condition or circumstance that makes any environmental warranty, representation and/or agreement incomplete or inaccurate as of any date, the Borrower shall, at its sole expense, retain an environmental professional consultant, reasonably acceptable to the Lender, to conduct a thorough and complete environmental audit regarding the changed condition and/or circumstance and any environmental concerns arising from that changed condition and/or circumstance. A copy of the environmental consultant’s report will be promptly delivered to the Lender upon completion.

Appears in 1 contract

Sources: Loan Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

Environmental Consultant. In the event of any condition or circumstance that makes any environmental warranty, representation and/or agreement incomplete or inaccurate as of any date, the Borrower shall, at its sole expense, retain an environmental professional consultant, reasonably acceptable to the Lender, to conduct a thorough and complete environmental audit regarding the changed condition and/or circumstance and any environmental concerns arising from that changed condition and/or circumstance. A copy of the environmental consultant’s 's report will be promptly delivered to the Lender upon completion.

Appears in 1 contract

Sources: Loan Agreement (Starcraft Corp /In/)