Foreclosures. Foreclose upon or otherwise take title to or possession or control of any real property without first obtaining a Phase I environmental report thereon which indicates that the property is free of Hazardous Material; provided, however, that no such report shall be required to be obtained with respect to single-family, non-agricultural residential real property of one acre or less to be foreclosed upon unless Vision Bancshares or the applicable Subsidiary of Vision Bancshares has reason to believe such real property may contain any such Hazardous Material;
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Samples: Agreement and Plan of Merger (Park National Corp /Oh/), Agreement and Plan of Merger (Vision Bancshares Inc)
Foreclosures. Foreclose upon or otherwise take title to or possession or control of any real property without first obtaining a Phase I phase one environmental report thereon which indicates that the property is free of Hazardous Material; pollutants, contaminants or hazardous or toxic waste materials, provided, however, that no such report the Seller shall not be required to be obtained obtain such a report with respect to single-single family, non-agricultural residential real property of one acre or less to be foreclosed upon unless Vision Bancshares it has or the applicable Subsidiary of Vision Bancshares has should have had reason to believe that such real property may might contain any such Hazardous Material;waste materials or otherwise might be contaminated.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Midwest Banc Holdings Inc), Agreement and Plan of Merger (Midwest Banc Holdings Inc)
Foreclosures. Foreclose upon or otherwise take title to or possession or control of any real property or entity thereon without first obtaining a Phase I environmental report Environmental Site Assessment performed pursuant to ASTME 1527-05 thereon which indicates that the property is free of Hazardous Material; provided, however, that no such report shall be required to be obtained with respect to single-family, non-agricultural family residential real property of one acre or less to be foreclosed upon unless Vision Bancshares CNC or the applicable its Subsidiary of Vision Bancshares has reason to believe such real property may contain any such Hazardous Material;.
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Samples: Agreement and Plan of Merger (Nb&t Financial Group Inc)
Foreclosures. Foreclose upon or otherwise take title to or possession or control of any real property or entity thereon without first obtaining a Phase I environmental report Environmental Site Assessment performed pursuant to ASTM E1527-05 thereon which indicates that the property is free of Hazardous Material; provided, however, that no such report shall be required to be obtained with respect to single-family, non-agricultural family residential real property of one acre or less to be foreclosed upon unless Vision Bancshares Farmers or the applicable its Subsidiary of Vision Bancshares has reason to believe such real property may contain any such Hazardous Material;.
Appears in 1 contract
