Common use of Environmental Investigation Clause in Contracts

Environmental Investigation. (a) TCBX and its consultants, agents and representatives will have the right, to the same extent that Keystone has the right, if any, but not the obligation or responsibility, to inspect any Property, including conducting asbestos surveys and sampling, environmental assessments and investigations, and other environmental surveys and analyses including soil and ground sampling (“Environmental Inspections”) at any time on or prior to the date that is forty-five (45) days after the date of this Agreement. TCBX will notify Keystone prior to any physical inspections of the Property, and Keystone may place reasonable restrictions on the time of such inspections. If, as a result of any such Environmental Inspection, further investigation (“Secondary Investigation”) including, test borings, soil, water and other sampling is deemed desirable by TCBX, TCBX will (i) notify Keystone of any Property for which it intends to conduct such a Secondary Investigation and the reasons for such Secondary Investigation, and (ii) commence such Secondary Investigation, on or prior to the date that is seventy-five (75) days after the date of this Agreement. TCBX will give reasonable notice to Keystone of such Secondary Investigations, and Keystone may place reasonable time and place restrictions on such Secondary Investigations. (b) Keystone agrees to make available to TCBX and its consultants, agents and representatives all documents and other material relating to environmental conditions of any Property including the results of other Environmental Inspections and surveys. Keystone also agrees that all engineers and consultants who prepared or furnished such reports may discuss such reports and information with TCBX and will be entitled to certify the same in favor of TCBX and its consultants, agents and representatives and make all other data available to TCBX and its consultants, agents and representatives.

Appears in 2 contracts

Sources: Agreement and Plan of Reorganization (Third Coast Bancshares, Inc.), Agreement and Plan of Reorganization (Third Coast Bancshares, Inc.)

Environmental Investigation. (a) TCBX EQBK and its consultants, agents and representatives will have the right, to the same extent that Keystone the Bank has the right, if any, but not the obligation or responsibility, to inspect any Property, including conducting asbestos surveys and sampling, environmental assessments and investigations, and other environmental surveys and analyses including soil and ground sampling (“Environmental Inspections”) at any time on or prior to the date that is forty-five (45) days after the date of this Agreement. TCBX EQBK will notify Keystone Docking prior to any physical inspections of the Property, and Keystone Docking may place reasonable restrictions on the time of such inspections. If, as a result of any such Environmental Inspection, further investigation (“Secondary Investigation”) including, test borings, soil, water and other sampling is deemed desirable by TCBXEQBK, TCBX EQBK will (i) notify Keystone Docking of any Property for which it intends to conduct such a Secondary Investigation and the reasons for such Secondary Investigation, and (ii) commence such Secondary Investigation, on or prior to the date that is seventy-five (75) days after the date of this Agreement. TCBX EQBK will give reasonable notice to Keystone Docking of such Secondary Investigations, and Keystone Docking may place reasonable time and place restrictions on such Secondary Investigations. After completing the Environmental Inspections and Secondary Investigation contemplated by this Agreement, EQBK shall remove the equipment and restore any part of the Property that was affected by its activities to a condition that is reasonably similar to the condition of the Property at the time immediately preceding the commencement of said activities. (b) Keystone Docking agrees to make available to TCBX EQBK and its consultants, agents and representatives all documents and other material relating to environmental conditions of any Property including the results of other Environmental Inspections and surveys. Keystone Docking also agrees that all engineers and consultants who prepared or furnished such reports may discuss such reports and information with TCBX EQBK and will be entitled to certify the same in favor of TCBX EQBK and its consultants, agents and representatives and make all other data available to TCBX EQBK and its consultants, agents and representatives.

Appears in 1 contract

Sources: Merger Agreement (Equity Bancshares Inc)

Environmental Investigation. (a) TCBX EQBK and its consultants, agents and representatives will have the right, to the same extent that Keystone ▇▇▇▇▇ has the right, if any, but not the obligation or responsibility, to inspect any Property, including conducting asbestos surveys and sampling, environmental assessments and investigations, and other environmental surveys and analyses including soil and ground sampling (“Environmental Inspections”) at any time on or prior to the date that is forty-five (45) days after the date of this Agreement. TCBX EQBK will notify Keystone ▇▇▇▇▇ prior to any physical inspections of the Property, and Keystone ▇▇▇▇▇ may place reasonable restrictions on the time of such inspections. If, as a result of any such Environmental Inspection, further investigation (“Secondary Investigation”) including, test borings, soil, water and other sampling is deemed desirable by TCBXEQBK, TCBX EQBK will (i) notify Keystone ▇▇▇▇▇ of any Property for which it intends to conduct such a Secondary Investigation and the reasons for such Secondary Investigation, and (ii) commence such Secondary Investigation, on or prior to the date that is seventy-five (75) days after the date of this Agreement. TCBX EQBK will give reasonable notice to Keystone ▇▇▇▇▇ of such Secondary Investigations, and Keystone ▇▇▇▇▇ may place reasonable time and place restrictions on such Secondary Investigations. After completing the Environmental Inspections and Secondary Investigation contemplated by this Agreement, EQBK shall remove the equipment and restore any part of the Property that was affected by its activities to a condition that is reasonably similar to the condition of the Property at the time immediately preceding the commencement of said activities. (b) Keystone ▇▇▇▇▇ agrees to make available to TCBX EQBK and its consultants, agents and representatives all documents and other material relating to environmental conditions of any Property including the results of other Environmental Inspections and surveys. Keystone ▇▇▇▇▇ also agrees that all engineers and consultants who prepared or furnished such reports may discuss such reports and information with TCBX EQBK and will be entitled to certify the same in favor of TCBX EQBK and its consultants, agents and representatives and make all other data available to TCBX EQBK and its consultants, agents and representatives.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Equity Bancshares Inc)