Common use of Environmental Risks Clause in Contracts

Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment that Chemical reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property (collectively, "Environmental Risks"), then Chemical shall notify O.A.K. of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 10 Business Days after receipt of all final environmental reports for the Investigated Property. Such notice shall include either (i) an estimate by a qualified 50 environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable law to be taken with respect to the Investigated Property, or (ii) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.

Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment that Chemical Purchaser reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property (collectively, "Environmental Risks"), then Chemical Purchaser shall notify O.A.K. Company of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 10 5 Business Days after receipt of all final environmental reports for the Investigated Property. Such notice shall include either (i) an estimate by a qualified 50 environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable law Law to be taken with respect to the Investigated Property, or (ii) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.

Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment that Chemical Purchaser reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property Properties (collectively, "“Environmental Risks"”), then Chemical Purchaser shall notify O.A.K. Company of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 10 Business Days after receipt of all final environmental reports for the all Investigated PropertyProperties. Such notice shall include either (i) an estimate by a qualified 50 environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable law Law to be taken with respect to the Investigated Property, or (ii) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.

Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment or other investigation that Chemical Purchaser reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property (collectively, "Environmental Risks"), then Chemical Purchaser shall notify O.A.K. Company of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 10 5 Business Days after receipt of all final written environmental reports for the Investigated Property. Such notice shall include either (ia) an estimate by a qualified 50 environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable law Law to be taken with respect to the Investigated Property, or (iib) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.

Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment or other investigation that Chemical Purchaser reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property (collectively, "“Environmental Risks"”), then Chemical Purchaser shall notify O.A.K. Company of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 10 5 Business Days after receipt of all final written environmental reports for the Investigated Property. Such notice shall include either (ia) an estimate by a qualified 50 environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable law Law to be taken with respect to the Investigated Property, or (iib) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.

Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment that Chemical Purchaser reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property (collectively, "“Environmental Risks"”), then Chemical Purchaser shall notify O.A.K. Company of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 10 Business Days after receipt of all final written environmental reports for the Investigated Property. Such notice shall include either (ia) an estimate by a qualified 50 environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable law Law to be taken with respect to the Investigated Property, or (iib) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.

Environmental Risks. If there are any facts or conditions identified in any Phase I Assessment or Phase II Assessment that Chemical reasonably believes pose a current or future material risk of liability, material interference with use, or a material diminution of value of the Investigated Property (collectively, "Environmental Risks"), then Chemical shall notify O.A.K. of such Environmental Risks and the facts or conditions underlying such Environmental Risks within 10 Business Days after receipt of all final environmental reports for the Investigated Property. Such notice shall include either (i) an estimate by a qualified 50 environmental professional of the actual cost of all remedial or other corrective actions and measures required by applicable law to be taken with respect to the Investigated Property, or (ii) a statement from a qualified environmental professional that the cost of such actions and measures cannot be reasonably estimated.