License and Term of License. A. Seller hereby grants to Purchaser and its employees, agents, contractors and consultants (collectively, “Purchaser’s Consultants”), a license to enter upon, in and below the surface of the Property at reasonable times (the “License”) for the purpose of performing certain environmental and other inspections on or concerning the Property, which inspections may include: (i) research regarding the Property and surrounding parcels as is generally conducted in a Level I or Phase I environmental audit, surveying the Property, and conducting other inspections of the Property approved by Seller (the “Level One Investigation”); and (ii) such other invasive investigations and tests of the Property as may be reasonably approved by Seller, including the drilling of borings (including soil and gas samplings and indoor air samplings) to ascertain the level of hazardous materials (“Level Two Investigation”). The Level One Investigation and Level Two Investigation shall be sometimes collectively referred to herein as the “Investigation,” which Investigation and all related activities or events shall be limited and conducted as herein required, all at Purchaser’s sole cost and expense.
License and Term of License. A. Seller hereby grants to Purchaser and its employees, agents, contractors and consultants (collectively, “Purchaser’s Consultants”), a license to enter upon, in and below the surface of the Property at reasonable times (the “License”) for the purpose of performing certain environmental and other inspections on or concerning the Property, which inspections may include: (i) research regarding the Property and surrounding parcels as is generally conducted in a Level I or Phase I environmental audit, surveying the Property, and conducting other inspections of the Property approved by Seller (the “Level One Investigation”); and (ii) such other invasive investigations and tests of the Property as may be reasonably approved by Seller, including the drilling of borings to ascertain the level of hazardous materials (“Level Two Investigation”). The Level One Investigation and Level Two Investigation shall be sometimes collectively referred to herein as the “Investigation,” which Investigation and all related activities or events shall be limited and conducted as herein required, all at Purchaser’s sole cost and expense.
License and Term of License. (a) Seller hereby grants to Buyer and its employees, agents, contractors and consultants (collectively, “Buyer’s Consultants”), a license (the “License”) to enter upon, in and below the surface of the Property for the purpose of performing certain environmental and other inspections on or concerning the Property in accordance with the terms of this Exhibit K, which inspections may include: (i) research regarding the Property and surrounding parcels as is generally conducted in a Level I or Phase I environmental audit, surveying the Property, and conducting other non-invasive inspections of the Property approved by Seller (the “Level One Investigation”); and (ii) certain invasive investigations and tests of the Property conducted after receipt of the prior written approval of Seller, which approval shall not be unreasonably withheld, conditioned or delayed (“Level Two Investigation”). Prior to commencing any portion of the Investigation, each of Buyer’s Consultants shall execute a confidentiality agreement (“Confidentiality Agreement”) for the benefit of Seller in the form attached as Exhibit I to that certain Purchase and Sale Agreement between Buyer and Seller (the “Agreement”). The Level One Investigation and Level Two Investigation shall be sometimes collectively referred to herein as the “Investigation,” which Investigation and all related activities or events shall be limited and conducted as herein required, all at Buyer’s sole cost and expense. All capitalized terms not defined herein shall be as defined in the Agreement.
