Chapter 6 - FORM 6U • PURCHASE AGREEMENT CLAUSE — THIRD-PARTY AGREEMENT

• Jurisdiction: Colorado

FORM 6U • PURCHASE AGREEMENT CLAUSE — THIRD-PARTY AGREEMENT

Remediation. Responsible party, at its sole cost and expense, will investigate and remediate (including removal and proper disposal of contaminants) all contamination at, on, under, or migrating from the property, as a result of the use or occupancy of the property by responsible party or any tenant, subtenant, or assignee in possession of the property during the term of the lease or as a result of any activities conducted at the property by responsible party or its agents, employees, or contractors, to a level in compliance with all legally applicable standards. Responsible party will cause all such investigation and remediation to be performed by a fully certified and licensed contractor in full compliance with applicable local, state, and federal laws, regulations, and ordinances. Responsible party will cause all such investigation and remediation activities, including the submittal of periodic reports to the administrative agency with applicable authority, to be commenced and performed expeditiously and with due diligence until all legally applicable standards are met at the property, and until a letter is obtained from the administrative agency with applicable authority stating that no further action will be required under C.R.S. §§ 8-20.5-101, et seq. (a "No Further Action letter"). Responsible party will use reasonable efforts to ensure that the investigation and remediation is...