Phase I Environmental Assessment. A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.
Phase I Environmental Assessment. A "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 Environmental Assessment. A "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.
Examples of Phase I Environmental Assessment in a sentence
Buyer's studies may include, but are not limited to, survey, soils and geotechnical reports and Phase I environmental assessment.
Within thirty (30) days after the Agreement Date, Buyer may complete, at its sole expense, a Phase I environmental assessment or an update of the existing Phase I environmental assessment (the “Environmental Survey”) of any portion of the Real Estate or the Leasehold Interests.
More Definitions of Phase I Environmental Assessment
Phase I Environmental Assessment. A "Phase I environmental assessment" as described in and meeting the criteria of the American Society of Testing Materials Standard E 1527- 94 or any successor thereto published by the American Society of Testing Materials.
Phase I Environmental Assessment means an environmental assessment and report prepared by a qualified environmental professional reasonably acceptable to Company that meets or exceeds the minimum requirements outlined in the then current version of the American Society of Testing and Materials Standard E 1527‑00 (Standard Practice of Environmental Site Assessments: Phase I Environmental Site Assessment Process); and (B) “Phase II Environmental Assessment” means an environmental assessment and report prepared by a qualified environmental professional reasonably acceptable to Company that goes beyond the investigations of a Phase I Environmental Assessment and involves sampling and testing of the Company-Owned Site, including (1) an asbestos survey conducted according to the standards of the Asbestos Hazard Emergency Response Act protocol; (2) testing of any transformers on the Company-Owned Site for PCBs; (3) testing for lead based paints; (4) soil and groundwater sampling to measure the effect of any actual or suspected release or discharge of Hazardous Substances on the Company-Owned Site; and (5) such other sampling and testing reasonably necessary to determine the environmental condition of the Company-Owned Site.
Phase I Environmental Assessment shall have the meaning set forth in Section 6.17.10.
Phase I Environmental Assessment means:
Phase I Environmental Assessment means a preliminary assessment of a
Phase I Environmental Assessment means a Phase I environmental site assessment prepared in substantial conformance with ASTM 1574E-13 standards.
Phase I Environmental Assessment. A "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, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter, in the case of Specially Serviced Mortgage Loans 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 Loans as to which the related Mortgaged Property is a non-multifamily property.