Common use of Environmental Inspection Clause in Contracts

Environmental Inspection. If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 with respect to any portion of the Property or for whatever reason Lessee does not purchase any of the Property in accordance with the terms of this Lease, then not more than one hundred twenty (120) days nor less than sixty (60) days prior to the applicable Expiration Date, Lessee shall cause to be delivered to Lessor an environmental site assessment recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor, and in form, scope and content reasonably satisfactory to Lessor. The cost incurred respecting such environmental site assessment shall be paid for in accordance with the provisions set forth in Section 20.3(b).

Appears in 1 contract

Samples: Master Lease Agreement (Veritas Software Corp /De/)

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Environmental Inspection. If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 with respect to any portion of the Property or for whatever reason Lessee does not purchase any of the a Property in accordance with the terms of this Lease, then not more than one hundred twenty eighty (120180) days nor less than sixty (60) days prior to the applicable Expiration Date, Lessee shall cause to be delivered to Lessor an a Phase I environmental site assessment recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor, and in form, scope and content reasonably satisfactory to Lessor. The cost incurred respecting such Phase I environmental site assessment shall be paid for in accordance with the provisions set forth in Section 20.3(b).

Appears in 1 contract

Samples: Lease Agreement (Lexicon Genetics Inc/Tx)

Environmental Inspection. If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 with respect to any portion of the Property or for whatever reason Lessee does not purchase any of the a Property in accordance with the terms of this Lease, then not more than one hundred twenty (120) days nor less than sixty (60) days prior to the applicable Expiration Date, Lessee shall cause to be delivered to Lessor an environmental site assessment assessments recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor, and in form, scope and content reasonably satisfactory to Lessor. The cost incurred respecting such environmental site assessment assessments shall be paid for in accordance with the provisions set forth in Section 20.3(b).

Appears in 1 contract

Samples: Master Lease Agreement (Veritas Software Corp /De/)

Environmental Inspection. If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 with respect to any portion of the Property or for whatever reason Lessee does not purchase any of the a Property in accordance with the terms of this Lease, then not more than one hundred twenty eighty (120180) days nor less than sixty (60) days prior to the applicable Expiration Date, Lessee shall cause to be delivered to Lessor an a Phase I environmental site assessment recently prepared (no more than thirty (30) days prior to the date of deliverydelivery of such report) by an independent recognized professional reasonably acceptable to Lessor, and in form, scope and content reasonably satisfactory to Lessor. The cost incurred respecting such Phase I environmental site assessment shall be paid for in accordance with the provisions set forth in Section 20.3(b).

Appears in 1 contract

Samples: Lease Agreement (Shurgard Storage Centers Inc)

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Environmental Inspection. If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 with respect to any portion of the Property or for whatever reason Lessee does not purchase any of the a Property in accordance with the terms of this Lease, then not more than one hundred twenty (120) days nor less than sixty (60) days prior to the applicable Expiration Date, Lessee shall cause to be delivered to Lessor an a Phase I environmental site assessment recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor, and in form, scope and content reasonably satisfactory to Lessor. The cost incurred respecting such Phase I environmental site assessment shall be paid for in accordance with the provisions set forth in Section 20.3(b).

Appears in 1 contract

Samples: Lease Agreement (Acxiom Corp)

Environmental Inspection. If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 with respect to any portion of the Property or for whatever reason Lessee does not purchase any of the Property in accordance with the terms of this Lease, then not more than one hundred twenty (120) days nor less than sixty (60) days prior to the applicable Expiration Date, Lessee shall cause to be delivered to Lessor an a Phase I environmental site assessment recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor, and in form, scope and content reasonably satisfactory to Lessor. The cost incurred respecting such Phase I environmental site assessment shall be paid for in accordance with the provisions set forth in Section 20.3(b).

Appears in 1 contract

Samples: Lease Agreement (Catalina Marketing Corp/De)

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