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could pose a current or future risk of a liability, interference with use, or diminution of value of the property that could be material, then Old Kent shall identify that risk to Grand Premier, identify the facts or conditions underlying that risk, and provide Grand Premier with a copy of the Phase I assessment for that property (an \"Environmental Risk\").", "samples": [{"hash": "ekPpOeOMqq9", "uri": "/contracts/ekPpOeOMqq9#environmental-risks", "label": "Merger Agreement (Old Kent Financial Corp /Mi/)", "score": 18.0, "published": true}, {"hash": "8YvFfsiD7D7", "uri": "/contracts/8YvFfsiD7D7#environmental-risks", "label": "Merger Agreement (Grand Premier Financial Inc)", "score": 18.0, "published": true}], "hash": "613c989f6a8e80e4f56224d941573c13", "id": 2}, {"size": 9, "snippet_links": [{"key": "phase-i-assessment", "type": "definition", "offset": [55, 73]}, {"key": "phase-ii-assessment", "type": "clause", "offset": [77, 96]}, {"key": "reasonably-believes", "type": "definition", 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"Obligations of the Lessee"], ["administrative-requirements", "Administrative requirements"], ["covenants-representations", "Covenants, Representations"]], "id": "environmental-risks", "related": [["environmental-conditions", "Environmental Conditions", "Environmental Conditions"], ["environmental-remediation", "Environmental Remediation", "Environmental Remediation"], ["environmental-requirements", "Environmental Requirements", "Environmental Requirements"], ["environmental-condition", "Environmental Condition", "Environmental Condition"], ["environmental-review", "Environmental Review", "Environmental Review"]], "related_snippets": [], "updated": "2025-07-10T05:58:13+00:00", "also_ask": ["What are the minimum environmental representations and warranties that must be included?", "How can indemnity provisions be structured to best allocate environmental risk?", "What are the most common pitfalls in defining the scope of environmental liabilities?", "How do courts typically interpret ambiguous environmental risk language?", "How does this clause compare to industry-standard environmental risk allocations?"], "drafting_tip": "Specify covered environmental risks to prevent interpretive disputes; allocate responsibilities for mitigation to clarify party obligations; require compliance with laws to ensure enforceability.", "explanation": "The Environmental Risks clause defines the responsibilities and liabilities of the parties regarding environmental hazards or contamination associated with the property or project. It typically outlines procedures for identifying, reporting, and remediating environmental issues, and may specify which party bears the costs or risks related to pollution, hazardous materials, or regulatory compliance. This clause serves to allocate risk and clarify obligations, helping to prevent disputes and ensure that environmental concerns are managed appropriately during the course of the agreement."}, "json": true, "cursor": ""}}