Common use of Environmental Audit Clause in Contracts

Environmental Audit. The Authority, at its sole cost and expense, upon seven (7) days’ Notice to StadCo, shall have the right, but not the obligation to, conduct periodic non- invasive environmental audits of the Premises and StadCo’s compliance with Environmental Laws with respect thereto; provided, however, that the Authority shall not conduct such audit more than once in any calendar year unless the Authority has a good-faith reason to believe an Environmental Event has occurred. If, as a result of such audit, any Governmental Authority requires testing or other action with respect to the Premises and (i) StadCo fails to perform such testing or other action or take such other action to defer or eliminate the required action within the time periods permitted by Applicable Law and (ii) the Authority incurs expenses in complying with such requirement, then StadCo shall pay to the Authority the reasonable costs therefor within twenty (20) days after written demand therefor.

Environmental Audit. The Authority, at its sole cost and expense, upon seven (7) days’ Notice to StadCo, shall have the right, but not the obligation to, conduct periodic non- non-invasive environmental audits of the Premises and StadCo’s compliance with Environmental Laws with respect thereto; provided, however, that the Authority shall not conduct such audit more than once in any calendar year unless the Authority has a good-faith reason to believe an Environmental Event has occurred. If, as a result of such audit, any Governmental Authority requires testing or other action with respect to the Premises and (i) StadCo fails to perform such testing or other action or take such other action to defer or eliminate the required action within the time periods permitted by Applicable Law and (ii) the Authority incurs expenses in complying with such requirement, then StadCo shall pay to the Authority the reasonable costs therefor within twenty (20) days after written demand therefor.