Environmental Diligence. Purchaser shall have received an environmental assessment report in form and substance reasonably satisfactory to Purchaser with respect to the environmental hazards, conditions, liabilities or potential liabilities to which Sellers, and the properties currently or formerly owned, leased or operated by Sellers or their subsidiaries may be subject, provided that in the event the environmental assessment report is not in form and substance reasonably satisfactory to Purchaser, Purchaser will agree to waive this condition, if, in its discretion, it is satisfied with Sellers' agreement to remediate the conditions raised in such report.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Huffy Corp), Asset Purchase Agreement (Evenflo & Spalding Holdings Corp)