Adverse Site Conditions definition

Adverse Site Conditions means all conditions that cause the cost incurred by Purchaser for all site-related elements of its project to be in excess of the cost that Purchaser would incur if all site-related elements were hypothetically consistent with the assumptions normally utilized by contractors in the Atlanta market (e.g., all soils are clean, compatible and, once stripped and grubbed, free of organic materials; the cuts and fills balance; topsoil does not exceed 6 inches on average, etc.). Adverse Site Conditions shall include without limitation areas in need of demucking or soil stabilization measures, rippable rock, mass rock, undercutting and an imbalance in available compatible soils. The site-related elements of the project shall include without limitation the process of clearing, grubbing, grading, installing all utility lines of any type, constructing improvements, and landscaping on the Property. As to Purchaser's use of funds in the Adverse Site Reserve, the following conditions shall apply:
View Source

Examples of Adverse Site Conditions in a sentence

  • As used herein, "Adverse Site Reserve" shall be an amount equal to $352,402.00, which is Purchaser's estimated amount of costs that it will incur to satisfy the Adverse Site Conditions.

  • Adverse Site Conditions shall include without limitation areas in need of demucking or soil stabilization measures, rippable rock, mass rock, undercutting and an imbalance in available compatible soils.

Related to Adverse Site Conditions

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.