Phase I Environmental Audit definition

Phase I Environmental Audit means an evaluation of real property for purposes of environmental analysis performed solely on the basis of historical records without invasive sampling or drillings from such property.
Phase I Environmental Audit means a phase-I environmental audit for certain Subprojects to be carried out by a Participating Entity according to the procedures specified in the Environmental Framework;
Phase I Environmental Audit means a report prepared by an Environmental Consultant in accordance with the requirements of standard Z768-01, “Phase I Environmental Site Assessment”, published by the Canadian Standards Association, as amended, at the date of the Phase I Environmental Audit;

Examples of Phase I Environmental Audit in a sentence

  • CONTAMINATION ISSUES: The submitted Phase I Environmental Audit did not identify a history of on-site contamination, nor were any obvious signs of contamination observed on site inspections.

  • CONTAMINATION ISSUES: The submitted Phase I Environmental Audit indicated that additional evaluation is recommended for the site.

  • Occasions may occur when weather-related conditions necessitate that the university implement a delayed opening time or an early closure.

  • Purchaser shall, at its sole cost ------------------- and expense, have obtained an ASTM Phase I Environmental Audit or Assessment, produced by a qualified engineer selected by Purchaser, respecting the items described in Section 2.25 hereof (the "Phase I Report") which shall be ------------ acceptable and satisfactory to Purchaser in all respects.

  • Prior to open space conveyance to the County, a Phase I, Environmental Audit of the lands proposed for dedication shall be performed by the applicant as part of the site plan approval for the project.


More Definitions of Phase I Environmental Audit

Phase I Environmental Audit means an assessment of Seller's compliance with Environmental Laws relative to the Assets consisting of examination of Seller's files and public documents, interviews of personnel of Seller and of other appropriate persons and visual inspection of the Assets.
Phase I Environmental Audit. (as defined in the Illinois Environmental Protection Act) certified to Borrower and Lender and setting forth an asbestos evaluation and other environmental investigations of the Property and the areas surrounding the Property. Such testing and investigation shall be performed by an "environmental professional" (as defined in the Illinois Environmental Protection Act) acceptable to Lender in a manner satisfactory to Lender.
Phase I Environmental Audit means a review consistent with custom and practice in the industry in the United States (with respect to acquisitions) for such Phase I audits for the purposes of determining whether the Company complies with Environmental Law and whether there exists any condition or circumstance with respect to the headquarters or distribution center of the Company which requires or will require cleanup, removal or other remedial action under Environmental Law on the part of the Company. Such audit may include some or all of the following, as determined by the reasonable professional judgment of the person retained by Buyer to perform such Phase I Environmental Audit:
Phase I Environmental Audit means a visual and documentary assessment of (a) Environmental Matters pertaining to any of the Companies and the Subsidiary, (b) the Company Property, and (c) compliance with Environmental Laws by the Companies and the Subsidiary. The Phase I Environmental Audit may include, without limitation, examination of the Companies' and the Subsidiary's files and public documents, interviews of personnel of the Companies and the Subsidiary and of other appropriate persons, visual inspection of Company Property and other properties (subject to restrictions on access), and review of NORM and asbestos surveys known to the Companies and the Subsidiary, but shall not include invasive sampling or testing.
Phase I Environmental Audit means an assessment of HSRTW's compliance with Environmental Laws relative to the Ownership Interests consisting of examination of HSRTW's files and public documents, interviews of personnel and former personnel of HSRTW and of
Phase I Environmental Audit means an assessment of Seller's compliance with Environmental Laws relative to the Purchased Assets consisting of examination of Seller's files and public documents, interviews of personnel of Seller and of other appropriate persons visual inspection of the Purchased Assets and NORM surveys.
Phase I Environmental Audit means an inspection, investigation and audit of the Properties Owned with respect to all Environmental Laws and Environmental Action Items which shall include a view of the Properties Owned, inquiry into present and past uses of the Properties Owned to the extent necessary to enable Buyer to avail itself of the so-called "Innocent Purchaser" defense contained in Section 101(35) of the Comprehensive Environmental Response, Compensation and Liability Act, review of records of the United States Environmental Protection Agency and applicable state or local environmental protection agencies, field observations, review of applicable air and water discharge permits, solid and hazardous waste disposal permits, if any, the status thereof and all requirements associated therewith, and such additional investigations (without physical sampling or analysis) as Buyer and the applicable environmental engineer or consultant shall determine are appropriate; provided, however, that at a minimum, the Phase I Environmental Audit shall be conducted in accordance with the 1993 ASTM standard promulgated therefor.