Remediation/Termination Clause Samples
Remediation/Termination. If, as a result of the Environmental Survey, or by any other means, Purchaser or Seller becomes aware of the existence of Hazardous Substances (as hereinafter defined in Section 6.2(c), below), or other environmental contamination, on or within the Property, then Purchaser shall have the right to immediately terminate this Contract (whether before or after the Inspection Period) unless, Seller has made arrangements satisfactory to Purchaser to completely ▇▇▇▇▇ or remove the existing Hazardous Substances or other environmental contamination in a manner that is acceptable to Purchaser, in Purchaser’s sole and absolute discretion, and in compliance with applicable law; provided, however, nothing contained herein shall obligate Seller to undertake any such abatement or removal. If Purchaser terminates this Contract pursuant to this Section 6.2, then the Seller or the Title Company, as applicable, shall immediately return the ▇▇▇▇▇▇▇ Money Deposit to Purchaser upon demand (without the necessity of the consent of Seller), and the Parties shall have no further obligations under this Contract, except for those obligations that expressly survive termination of this Contract.
Remediation/Termination. If, as a result of the Environmental Survey, or by any other means, Purchaser or Seller becomes aware of the existence of toxic or hazardous wastes (including asbestos), or other environmental contamination, on or within the Property, then Purchaser shall have the right to immediately terminate this Contract unless, Seller has made arrangements satisfactory to Purchaser to completely abate or remove the existing to▇▇▇ ▇r hazardous wastes or other environmental contamination in a manner that is reasonably acceptable to Purchaser and in compliance with applicable law. If Purchaser terminates this Contract pursuant to this Paragraph 6.2, then the Earnest Money Deposit shall be ▇▇▇▇▇▇▇d to Purchaser and the parties shall have no further obligations under this Contract.
Remediation/Termination. If, as a result of the Environmental Survey, or by any other means, JEI or Dakota Group becomes aware of the existence of Hazardous Substances (as hereinafter defined in Section 10(c), below), or other environmental contamination, on or within the Property, then JEI shall have the right to terminate this Agreement. If JEI terminates this Agreement prior to the expiration of the Refund Inspection Period pursuant to this Section 10, then the Total Option Fee shall be returned to JEI on demand (without the necessity of the consent of Dakota Group) and the Parties shall have no further obligations under this Agreement, except for those obligations that expressly survive termination of this Agreement.