Phase I assessment definition

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 conducted in accordance with ASTM Standard E 1527-93 or any successor thereto published by ASTM.

Phase I assessment has the meaning set forth in Section 5.01(w).

Examples of Phase I assessment in a sentence

• In conducting the Phase I Assessment, MCOC sources, potential off-range migration pathways, and potential off-range human and ecological receptors are evaluated as appropriate.

• The operational range qualitative assessment (hereinafter referred to as Phase I Assessment) is the first phase of the U.S. Army Operational Range Assessment Program.

• The Phase I Assessment may not be dated more than one (1) year prior to the date of the Reservation letter.

• The body of the Phase I Assessment or an executive summary thereof that includes the certification of the professional preparing the report, the site description, findings, and conclusions must be submitted in hard copy and electronic formats.

• The balance of the Phase I Assessment including all records reviews and appendices may be submitted in electronic format.

More Definitions of Phase I assessment

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 as described in and meeting the criteria of Chapter 5 of the FNMA Multifamily Guide, as amended from time to time.

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 Chapter 5 of the Xxxxxx Xxx Multifamily Guide, Part II, as amended from time to time.

Phase I assessment as described in and meeting the criteria of Chapter 5 of the Fannie Mae Multifamily Guide, Part II, as amended from time to time.]

Phase I assessment has the meaning set forth in Section 3.16(a).