Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.
Phase I assessment as described in and meeting the criteria of Chapter 5 of the FNMA Multifamily Guide, as amended from time to time.
Phase I assessment conducted in accordance with ASTM Standard E 1527-93 or any successor thereto published by ASTM.
Examples of Phase I assessment in a sentence
If the Phase I assessment recognizes environmental concerns or if the results are inconclusive, a Phase II environmental site assessment will be required.
The results of the Phase I assessment must be included in the documents that must be provided to the responsible entity (or HUD) for the environmental review.
A Phase I assessment is required whether the environmental review is completed under 24 CFR part 50 or 24 CFR part 58.
If the Phase I assessment indicates the need for further study, a Phase II report must be submitted.
ADOT to oversee for compliance HZM-1 A site-specific Phase I assessment will be performed prior to site acquisition for each property.
More Definitions of Phase I assessment
Phase I assessment has the meaning set forth in Section 5.01(w).
Phase I assessment as described in, and meeting the criteria of, the American Society of Testing Materials Standard Sections 1527-99 or any successor thereto published by the American Society of Testing Materials.
Phase I assessment or, in the case of certain Mortgage Loans having an initial principal balance under $1,000,000, a transaction screen, as described in, and meeting the criteria of the American Society for Testing and Materials.
Phase I assessment as described in and meeting the criteria of Chapter 5 of the Xxxxxx Xxx Multifamily Guide and the ASTM Standard for Environmental Site Assessments, each as amended from time to time.
Phase I assessment as described in, and meeting the criteria of, (a)
Phase I assessment as described in and meeting the criteria of Chapter 5 of the Fannie Mae Multifamily Guide and thx XXXX Xxxndard for Environmental Site Assessments, each as amended from time to time.
Phase I assessment has the meaning set forth in Section 3.16(a).