Common use of Scope of Seller Responsibility Clause in Contracts

Scope of Seller Responsibility. Subject to the provisions of this ARTICLE VI, Seller shall diligently perform, at its sole cost: (i) any Ongoing Corrective Action at a Real Property listed on Section 6.2.1 of the Disclosure Schedule; (ii) any Corrective Action at or relating to each Real Property (A) listed on Section 6.2.3, Section 6.2.4 or Section 6.2.5 of the Disclosure Schedule at which a Release is identified in a Buyer Environmental Investigation, in each case, that (x) is reportable to a Responsible Government Agency as a Release pursuant to Section 6.3.1(c) and (y) discovered by or disclosed to Seller prior to the expiration of the Inspection Period in accordance with the provisions of Section 6.3.1; (iii) any Corrective Action to address a Release that occurs as a result of Corrective Action by or on behalf of Seller at a Property after the Closing Date but excluding any Property listed on Section 6.2.2 of the Disclosure Schedule; and (iv) all UST Repair Actions at any Real Property (other than any Excluded Property) which are identified in a Tank Integrity Test Report and for which Seller has elected to be Responsible by pursuing UST Option (1). Other than as expressly set forth in this Section 6.4.1(a), Seller shall not be responsible for any Corrective Action or UST Repair Action at any of the Properties after Closing, including performing Corrective Action for a Release discovered after Closing for which Seller does not have responsibility prior to Closing.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Susser Petroleum Partners LP), Purchase and Sale Agreement