Common use of Environmental Assessments Clause in Contracts

Environmental Assessments. Foreclose on or take a deed or title to any commercial real estate without first conducting a Phase I environmental assessment of the property or foreclose on any commercial real estate if such environmental assessment indicates the presence of a Hazardous Substance in amounts which, if such foreclosure were to occur, would be material.

Environmental Assessments. Foreclose on or take a deed or title to any commercial real estate Loan Property without first conducting a Phase I environmental assessment Environmental Assessment of the property or foreclose on any commercial real estate Loan Property if such environmental assessment indicates the presence of a Hazardous Substance Material in amounts which, if such foreclosure were to occur, would be materialmaterial to Company Bank.

Environmental Assessments. Foreclose on or take a deed or title to any commercial real estate without first conducting a Phase I environmental assessment of the property or foreclose on any commercial real estate if such environmental assessment indicates the presence of material amounts of a Hazardous Substance in amounts which, if such foreclosure were to occur, would be materialSubstance.

Environmental Assessments. Foreclose on or take a deed or title to any commercial real estate without first conducting a Phase I environmental assessment of the property or foreclose on any commercial such real estate if such environmental assessment indicates the presence of a Hazardous Substance in amounts which, if that material remediation costs or damages are likely to be incurred with respect to such foreclosure were to occur, would be materialproperty under applicable Environmental Laws.