Environmental Review Period definition

Environmental Review Period has the meaning specified in Section 5.8(b)(i).
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Environmental Review Period means a period of fifteen (15) business days after receipt of both a Phase I Environmental Evaluation and/or a Phase II Environmental Evaluation, as applicable.
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Environmental Review Period shall have the meaning ascribed thereto in Section 8(b) hereof.
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Examples of Environmental Review Period in a sentence

  • Should Purchaser disapprove the Asbestos and Environmental Reports, it shall notify the applicable Seller in writing of such disapproval and the reasons therefor at or prior to the expiration of the Environmental Review Period (the "Environmental Notice").

  • Buyer shall have until February 1, 1997, or fifteen ------------- (15) days prior to closing (the "Environmental Review Period"), within which to conduct environmental due diligence with respect to the Properties.

  • In the event Purchaser fails to provide notice of any Environmental Conditions during the Environmental Review Period, Purchaser shall be deemed to have waived objection to such Environmental Conditions.

  • If after the Environmental Review Period but before Closing Purchaser becomes aware of an Environmental Condition not disclosed by the Phase I Reports, the Purchaser’s Environmental Review or Seller’s Disclosures, Purchaser shall so notify Seller within ten (10) days of discovery of the undisclosed Environmental Condition.

  • Buyer shall have until 5:00 p.m. (Central time) on the date which is thirty (30) days after the Effective Date (the Environmental Review Period") within which to perform and complete all of Buyer's due diligence examinations, reviews and inspections of all environmental matters and conditions respecting the Property.

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  • Prior to the expiration of the Environmental Review Period, Xxxxxx shall give written notice to City of any unacceptable environmental condition relating to the Property, (the "Environmental Objections").

  • During the Due Diligence Period (and during the Environmental Review Period, solely as to environmental reviews), Seller shall provide Buyer with reasonable access to the Property upon reasonably advance notice.

  • In order to establish an Environmental Material Defect, Purchaser shall be required to deliver to Seller prior to the expiration of the Environmental Review Period a copy of the inspection report(s) reflecting the particular defect(s) (collectively, the "Inspection Report").

  • Prior to Closing, in the case of any of the Facilities which are subject to an anticipated March 31, 2004 Closing and within five (5) business days, in the case of any of the Facilities which are subject to an anticipated Closing subsequent to March 31, 2004, after Purchaser's receipt of the Asbestos and Environmental Reports (the "Environmental Review Period") Purchaser shall approve or disapprove each of the Asbestos and Environmental Reports in Purchaser's sole and absolute discretion.


More Definitions of Environmental Review Period

Environmental Review Period means a period of thirty (30) business days after Buyer's receipt of all of the Evaluations, subject to extension for up to an additional sixty (60) days if Buyer determines that such additional time is needed for additional testing. In no case shall the Environmental Review Period expire prior to the end of the
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Related to Environmental Review Period

  • Environmental Review means the Federal

  • Environmental Consultant has the meaning set forth in Section 5.17(a).

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Environmental Report The environmental audit report or reports with respect to each Mortgaged Property delivered to the related Mortgage Loan Seller in connection with the origination or acquisition of the related Mortgage Loan.

  • Environmental Impact Assessment means a systematic examination conducted to determine whether or not a programme, activity or project will have any adverse impacts on the environment;

  • Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current standards imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.

  • Environmental Audit means, with respect to each Property, a Phase One environmental site assessment (the scope and performance of which meets or exceeds the then most current ASTM Standard Practice E1527 for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of such Property.

  • Study Period means the period commencing at 9:00 a.m. on the date hereof, and continuing through 5:00 p.m. on the Closing Date.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.

  • Environmental Conditions means any conditions of the environment, including, without limitation, the work place, the ocean, natural resources (including flora or fauna), soil, surface water, ground water, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by the use, handling, storage, treatment, recycling, generation, transportation, Release or threatened Release or other management or mismanagement of Regulated Substances resulting from the use of, or operations on, the Property.

  • Environmental Complaint shall have the meaning set forth in Section 4.19(d) hereof.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Environmental Site Assessment means a Phase I environmental report meeting the requirements of the American Society for Testing and Materials, and, if in accordance with customary industry standards a reasonable lender would require it, a Phase II environmental report, each prepared by a licensed third party professional experienced in environmental matters.

  • Environmental impact statement means a detailed written statement as required by section 102(2)(C) of the Act.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • Environmental Assessment Act means the Environmental Assessment Act, R.S.O. 1990, c.E.18.

  • Environmental Violation means any activity, occurrence or condition that violates or results in non-compliance with any Environmental Law in any Material respect.

  • Review Period has the meaning set forth in Section 2.04(c)(i).

  • Environmental Reports means each and every “Phase I Environmental Site Assessment” (and, if applicable, “Phase II Environment Site Assessment”) as referred to in the ASTM Standards on Environmental Site Assessments for Commercial Real Estate, E 1527-2000 and an asbestos survey, with respect to each Mortgaged Property, prepared by one or more Environmental Auditors and delivered to Lender and any amendments or supplements thereto delivered to Lender.

  • Environmental Contamination means the introduction or presence of Hazardous Materials at such levels, quantities or location, or of such form or character, as to constitute a violation of federal, state or local laws or regulations, and present a material risk under federal, state or local laws and regulations that the Premises will not be available or usable for the purposes contemplated by this Agreement.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Environmental Harm means serious or material environmental harm or environmental nuisance as defined in the Environmental Protection Xxx 0000 (Qld);

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Environmental Release means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing or migration into the environment.