Common use of Site Inspections Clause in Contracts

Site Inspections. Subject to compliance with applicable law, from the date hereof until the Effective Time, each party may undertake (at that party’s sole cost and expense) a reasonable environmental and operational assessment or assessments (an “Assessment”) of the other party’s operations, business and/or properties that are the subject of this Agreement. An Assessment may include a review of permits, files and records including, but not limited to, environmental investigations, audits, assessments, studies, testing and management plans and systems, as well as visual and physical inspections and testing. An Assessment will not include any soil borings, groundwater or any other “Phase II” testing without the consent of the party whose operations, business or property is the subject of such Assessment (the “Inspected Party”) (such consent not to be unreasonably withheld, conditioned or delayed). Before conducting an Assessment, the party intending to conduct such Assessment (the “Inspecting Party”) shall confer with the Inspected Party regarding the nature, scope and scheduling of such Assessment, and shall comply with such conditions as the Inspected Party may reasonably impose to (i) avoid interference with the Inspected Party’s operations or business; (ii) require the Inspecting Party’s representatives responsible for performing the Assessment to maintain insurance coverage as required by the Inspected Party; (iii) keep the Inspected Party’s property free and clear of any liens arising out of any entry onto or inspection of the subject property; and (iv) provide indemnification by the Inspecting Party in favor of the Inspected Party to indemnify the Inspected Party from the Inspecting Party’s negligence in conducting such Assessment. The Inspected Party shall cooperate in good faith with the Inspecting Party’s effort to conduct an Assessment.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Stone Energy Corp), Agreement and Plan of Merger (Plains Exploration & Production Co), Agreement and Plan of Merger (Stone Energy Corp)

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Site Inspections. Subject to compliance with applicable lawlaw (including applicable Environmental Laws), from the date hereof until the Effective Time, each party may undertake (at that party’s 's sole cost and expense) a reasonable an environmental and operational assessment or assessments (an “Assessment”"ASSESSMENT") of the other party’s 's operations, business and/or properties that are the subject of this AgreementAgreement to investigate any potential, material environmental condition or compliance issues; provided, however, that the performance and scope of such Assessment shall be subject to the prior approval of the other party, such approval not to be unreasonably withheld. An Assessment may include include, but not be limited to, a review of permits, files and records including, but not limited to, environmental investigations, audits, assessments, studies, testing and management plans and systemsrecords, as well as visual and physical inspections and testing. An Before conducting an Assessment, the party intending to conduct such Assessment (the "INSPECTING PARTY") will not include any soil borings, groundwater or any other “Phase II” testing without the consent of confer with the party whose operations, business or property is the subject of such Assessment (the “Inspected Party”"INSPECTED PARTY") (such consent not to be unreasonably withheld, conditioned or delayed). Before conducting an Assessment, the party intending to conduct such Assessment (the “Inspecting Party”) shall confer with the Inspected Party regarding the nature, scope and scheduling of such Assessment, and shall will comply with such conditions as the Inspected Party may reasonably impose to (i) avoid interference with the Inspected Party’s 's operations or business; (ii) require the Inspecting Party’s representatives responsible for performing the Assessment to maintain insurance coverage as required by the Inspected Party; (iii) keep the Inspected Party’s property free and clear of any liens arising out of any entry onto or inspection of the subject property; and (iv) provide indemnification by the Inspecting Party in favor of the Inspected Party to indemnify the Inspected Party from the Inspecting Party’s negligence in conducting such Assessment. The Inspected Party shall will cooperate in good faith with the Inspecting Party’s 's effort to conduct an Assessment. If requested by the Inspected Party, the Inspecting Party shall provide to the Inspected Party a copy of all work plans, reports, data and other results of the Assessment. If the Mergers are not consummated, the Inspecting Party shall destroy all originals and copies of all work plans, reports, data and other results, documentation and work product of any Assessment.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Illinova Corp), Agreement and Plan of Merger (Dynegy Inc)

Site Inspections. Subject to compliance with applicable law, from the date hereof until the Effective Time, each party the Parent Parties may undertake (at that party’s the Parent Parties’ sole cost and expense) a reasonable environmental and operational assessment or assessments (an “Assessment”) of the other partyTarget’s operations, business and/or properties that are the subject of this Agreement. An Assessment may include a review of permits, files and records including, but not limited to, environmental investigations, audits, assessments, studies, testing and management plans and systems, as well as visual and physical inspections and testing. An Assessment will not include any soil borings, groundwater or any other “Phase II” testing if required in the reasonable discretion of the Parent Parties without the consent of the party whose operations, business or property is the subject of such Assessment (the “Inspected Party”) (such consent not to be unreasonably withheld, conditioned or delayed). Before conducting an AssessmentTarget, the party intending to conduct such Assessment (the “Inspecting Party”) Parent Parties shall confer with the Inspected Party Target regarding the nature, scope and scheduling of such Assessment, and shall comply with such conditions as the Inspected Party Target may reasonably impose to (ia) avoid interference with the Inspected PartyTarget’s operations or business; (iib) require the Inspecting Party’s Parent Parties’ representatives responsible for performing the Assessment to maintain insurance coverage as required by the Inspected PartyTarget; and (iiic) keep the Inspected PartyTarget’s property free and clear of any liens Liens arising out of any entry onto or inspection of the subject property; and (iv) provide indemnification by the Inspecting Party in favor of the Inspected Party to indemnify the Inspected Party from the Inspecting Party’s negligence in conducting such Assessment. The Inspected Party Target shall cooperate in good faith with the Inspecting Party’s Parent Parties’ effort to conduct an Assessment. The Parent Parties shall jointly and severally indemnify Target and its Subsidiaries from any claims made against Target or any of its Subsidiaries in respect of personal or bodily injury to, sickness, disease, death or loss of services or wages of or respecting, any employee, agent or contractor of any Parent Party, arising from any investigations, audits, assessments, studies, testing and inspections conducted by a Parent Party pursuant to this Section 8.15.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Alta Mesa Energy LLC), Agreement and Plan of Merger (Meridian Resource Corp)

Site Inspections. Subject to compliance with applicable law, from the date hereof until the Effective Time, each party may undertake (at that party’s sole cost and expense) a reasonable environmental and operational assessment or assessments (an “Assessment”) of the other party’s operations, business and/or properties that are the subject of this Agreement. An Assessment may include a review of permits, files and records including, but not limited to, environmental investigations, audits, assessments, studies, testing and management plans and systems, as well as visual and physical inspections and testing. An Assessment will not include any soil borings, groundwater or any other “Phase II” testing without the consent of the party whose operations, business or property is the subject of such Assessment (the “Inspected Party”) (such consent not to be unreasonably withheld, conditioned or delayed). Before conducting an Assessment, the party intending to conduct such Assessment (the “Inspecting Party”) shall confer with the Inspected Party regarding the nature, scope and scheduling of such Assessment, and shall comply with such conditions as the Inspected Party may reasonably impose to (i) avoid interference with the Inspected Party’s operations or business; (ii) require the Inspecting Party’s representatives responsible for performing the Assessment to maintain insurance coverage as required by the Inspected Party; (iii) keep the Inspected Party’s property free and clear of any liens arising out of any entry onto or inspection of the subject property; and (iv) provide indemnification by the Inspecting Party in favor of the Inspected Party to indemnify the Inspected Party from the Inspecting Party’s negligence in conducting such Assessment. The Inspected Party shall cooperate in good faith with the Inspecting Party’s effort to conduct an Assessment.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Plains Exploration & Production Co)

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Site Inspections. Subject to compliance with applicable law, from the date hereof until the Effective TimeClosing, each party may undertake (at that party’s sole cost and expense) a reasonable environmental and operational assessment or assessments (an “Assessment”) of the other party’s operations, business and/or properties that are the subject of this Agreement. An Assessment may include a review of permitsPermits, files and records including, but not limited to, environmental investigations, audits, assessments, studies, testing and management plans and systems, as well as visual and physical inspections and testing. An Assessment will not include any soil borings, groundwater or any other “Phase II” testing without the consent of the party whose operations, business or property is the subject of such Assessment (the “Inspected Party”) (such consent not to be unreasonably withheld, conditioned or delayed). Before conducting an Assessment, the party intending to conduct such Assessment (the “Inspecting Party”) shall confer with the Inspected Party regarding the nature, scope and scheduling of such Assessment, and shall comply with such conditions as the Inspected Party may reasonably impose to (ia) avoid interference with the Inspected Party’s operations or business; (iib) require the Inspecting Party’s representatives responsible for performing the Assessment to maintain insurance coverage as required by the Inspected Party; (iiic) keep the Inspected Party’s property free and clear of any liens arising out of any entry onto or inspection of the subject property; and (ivd) provide indemnification by the Inspecting Party in favor of the Inspected Party to indemnify the Inspected Party from the Inspecting Party’s negligence in conducting such Assessment. The Inspected Party shall cooperate in good faith with the Inspecting Party’s effort to conduct an Assessment.

Appears in 1 contract

Samples: Contribution Agreement (Westside Energy Corp)

Site Inspections. Target and its Subsidiaries shall deliver to Parent at least thirty (30) days prior to the Closing all environmental documents, reports, assessments and Target Permits regarding the properties owned, used or leased by Target and its Subsidiaries. Subject to compliance with applicable law, from the date hereof until the Effective Time, each party may undertake (at that party’s sole cost and expense) a reasonable environmental and operational assessment or assessments (an “Assessment”) of the other party’s operations, business and/or properties that are the subject of this Agreement. An Assessment may include a review of permits, files and records including, but not limited to, environmental investigations, audits, assessments, studies, testing and management plans and systems, as well as visual and physical inspections and testing. An Assessment will not include any soil borings, groundwater or any other “Phase II” testing without the consent of the party whose operations, business or property is the subject of such Assessment (the “Inspected Party”) (such consent not to be unreasonably withheld, conditioned or delayed). Before conducting an Assessment, the party intending to conduct such Assessment (the “Inspecting Party”) shall confer with the Inspected Party regarding the nature, scope and scheduling of such Assessment, and shall comply with such conditions as the Inspected Party may reasonably impose to (i) avoid interference with the Inspected Party’s operations or business; (ii) require the Inspecting Party’s representatives responsible for performing the Assessment to maintain insurance coverage as required by the Inspected Party; (iii) keep the Inspected Party’s property free and clear of any liens arising out of any entry onto or inspection of the subject property; and (iv) provide indemnification by the Inspecting Party in favor of the Inspected Party to indemnify the Inspected Party from the Inspecting Party’s negligence in conducting such Assessment. The Inspected Party shall cooperate in good faith with the Inspecting Party’s effort to conduct an Assessment.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cano Petroleum, Inc)

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