Common use of Studies and Reports Clause in Contracts

Studies and Reports. Prior to the Closing, Participant may obtain data and make any other or additional surveys, tests, studies, and reports necessary to evaluate the suitability of the Site for the Development, including the investigation of the environmental condition of the Site (collectively, the “Studies”). Any studies undertaken on the Site by Participant shall be done at the sole expense of Participant, and Participant shall make arrangements with the owner of the Site prior to undertaking such work and entering the Site. Any studies shall be undertaken only after Participant has secured the consent of the current owner and any necessary permits therefor from the appropriate governmental agencies. Participant hereby agrees to promptly provide the City with any and all Studies relating to the environmental condition of the Site when these become available to Participant.