Common use of Seller’s Phase I and Phase II Environmental Assessment Deposit Clause in Contracts

Seller’s Phase I and Phase II Environmental Assessment Deposit. No later than 18 months prior to the date upon which this Agreement terminates, i.e., the end of the Term, Seller shall deposit with Company a sum equal to the then current estimated cost of conducting a Phase I and Phase II Environmental Assessment of the Company-Owned Site. Company shall hold such sum for Seller and shall apply or reimburse such sum as provided in this section.

Appears in 10 contracts

Samples: Energy Storage Power Purchase Agreement, Energy Storage Power Purchase Agreement, Power Purchase Agreement

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