TANK TESTING Sample Clauses

TANK TESTING. Seller, at Seller's expense, shall cause tightness tests of all underground tanks and lines at the Properties to be conducted within sixty (60) days prior to the Closing Date, or, upon mutual agreement of the Parties, thirty (30) days after the Closing Date, using a "precision" test, such as the Petro-Tite(RM), Tanknology Vacu Test(RM) or Leak Lokator(RM) tests, or an equivalent test. Upon completion of such tests, Seller shall furnish copies of the test results to Purchaser. Any untight fiberglass tanks or lines discovered pursuant to such tests may be repaired by Seller rather than replaced if (i) Seller would repair rather than replace such tanks or lines under Seller's normal procedures if ownership of the Property were remaining with Seller, (ii) such equipment was originally manufactured by either Owens-Corning or Xerxes, (iii) the repair is effected by the manuf▇▇▇▇▇▇▇ ▇▇ ▇▇s authorized contractors, and (iv) the manufacturer certifies and warrants the condition of the tanks and lines to be as tight as when new. In the event that Seller is unable to repair any fiber glass tanks or lines in accordance with the standards set forth above, Purchaser will receive at the Closing for such Property a credit toward the Purchase Price in the amount of $70,000.00 per tankfield, and Purchaser will be responsible for the installation of replacement tanks and lines on such Property, at Purchaser's expense.

TANK TESTING. As a supplemental to Section 7.2 of the Agreement of Purchase and Sale, Purchaser acknowledges that Seller has installed at certain Properties Veeder Root systems or other equivalent systems to monitor the und▇▇▇▇▇▇nd tanks and lines at such Properties and that Seller desires to deliver to Purchaser the results of such monitoring systems in lieu of the tank testing described in Section 7.2 of the Agreement of Purchase and Sale. Purchaser and Seller agree to discuss in good faith whether the monitoring systems described above are sufficient for determining the tightness of the tanks and lines and whether the tightness tests described in such Section 7.2 are necessary.

TANK TESTING. (a) Prior to its tank testing, the Environmental Consultant shall determine the groundwater elevation at the site of the particular underground storage tank. The Environmental Consultant shall investigate the groundwater elevation to determine the groundwater depth, groundwater flow patterns, and if applicable, the magnitude of contamination. The Environmental Consultant shall conduct this investigation to supply the baseline information needed for future groundwater monitoring during the life of the particular school facility involved. Groundwater well points are normally required as part of this investigation. However, other methods for determining groundwater elevation may be substituted based on the specific site location. The School District Office of Environmental Management and Services shall make the determination on the need for groundwater well points and the use of alternate methods for determining the groundwater elevations. (b) Prior to its performance of the actual underground storage tank system integrity test on the particular underground storage tank, the Environmental Consultant shall review available drawings and observe conditions at the site of the underground storage tank to determine the following: (1) tank size and configuration; (2) tank charge availability; (3) tank age; (4) tank composition, i.e., steel, fiberglass; (5) type of product; (6) any sediment, sludge or water in bottom of tank; (7) accessibility to tank(s), lines and dispensers; (8) fill lines directly over tank or at remote location; (9) tank set in cradle, and if so, stone or concrete;