Phase I Environmental Inspection definition

Phase I Environmental Inspection means a Phase I environmental assessment of a Development, including, without limitation, the relevant Land and all improvements thereto which is acceptable to the Agent in its reasonable discretion.
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Phase I Environmental Inspection means an assessment of the Company’s and the Partnership’s compliance with Environmental Laws consisting of examination of the Company’s, the Partnership’s (or its general partner’s) and their Subsidiaries’ files and public documents, interviews of personnel of the Company, the Partnership and their Subsidiaries and of other appropriate persons, visual inspection of Company’s, the Partnership’s and their Subsidiaries’ property, and NORM and asbestos surveys.
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Phase I Environmental Inspection means an assessment of the Company's compliance with Environmental Laws consisting of examination of the
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Examples of Phase I Environmental Inspection in a sentence

  • If the inspection, including a Phase I Environmental Inspection, recommends a further inspection requiring borings or other invasive testing, Purchaser shall prepare and deliver to Seller during the Contingency Period a written proposal for such testing setting forth the proposed scope of the invasive testing (the “Invasive Testing Proposal”), which Seller may approve or disapprove in its sole and absolute discretion.

  • In the due- diligence phase, the two following requirements have to be undertaken: - Phase I Environmental Inspection.

  • Buyer shall also have received and approved the most recent Phase I Environmental Inspection Report of the El Paso Property prepared for its lender, Norwest Bank.

  • In order to complete the purchase of the properties, VVTA is seeking a qualified consulting firm to prepare an Environmental Impact Report (EIR), an ALTA Survey, and a Phase I Environmental Inspection, in accordance with the California Environmental Quality Act (CEQA) and CEQA Guidelines to analyze the potential environmental impacts related to the construction of new commercial developments at both locations, known as the Hesperia and Victorville Transfer Centers.

  • Purchaser’s representatives will be given full access and the opportunity to conduct a Phase I Environmental Inspection and equipment inventory and to visit with personnel and physically examine the assets and operations of the Company and its Subsidiaries.

  • Both the Tenant and Landlord agree to conduct a Phase I Environmental Inspection on the property prior to the Tenant taking possession.

  • For the avoidance of doubt, Purchaser shall be permitted to conduct a non-invasive so-called Phase I Environmental Inspection of the Property without Owner’s consent.

  • Victor Valley Transit Authority (VVTA) is seeking a qualified consulting firm to prepare an Environmental Impact Report (EIR), an ALTA Survey, and a Phase I Environmental Inspection, in accordance with the California Environmental Quality Act (CEQA) and CEQA Guidelines to analyze the potential environmental impacts related to the construction of new commercial developments at both locations, known as the Hesperia and Victorville Transfer Centers.

  • Purchaser's representatives will be given full access and the opportunity to conduct a Phase I Environmental Inspection and equipment inventory and to visit with personnel and physically examine the assets and operations of the Company.

  • At the expiration or sooner termination of this Sublease, Tenant shall have conducted, at Tenant's expense, a Phase I Environmental Inspection and any additional inspection such Phase I Inspection indicates is appropriate or necessary.


More Definitions of Phase I Environmental Inspection

Phase I Environmental Inspection. [confirm changes] means a Phase I Environmental Site Assessment (done per ASTM Standard E1527-05) of an Applicable Resort, including, without limitation, the relevant Land and all improvements thereto which may be ordered by Borrower (if from a Lender pre-approved Person) which shall cause the report’s preparer to provide a reliance letter in favor of Lender or directly by Lender.
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Related to Phase I Environmental Inspection

  • 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.

  • 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 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;

  • 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 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.

  • 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.

  • Adverse Environmental Condition shall refer to (i) the existence or the continuation of the existence, of an Environmental Emission (including, without limitation, a sudden or non-sudden accidental or non-accidental Environmental Emission), of, or exposure to, any substance, chemical, material, pollutant, Contaminant, odor or audible noise or other release or emission in, into or onto the environment (including, without limitation, the air, ground, water or any surface) at, in, by, from or related to any Equipment, (ii) the environmental aspect of the transportation, storage, treatment or disposal of materials in connection with the operation of any Equipment or (iii) the violation, or alleged violation of any statutes, ordinances, orders, rules regulations, permits or licenses of, by or from any governmental authority, agency or court relating to environmental matters connected with any Equipment.

  • environmental impact means any effect caused by a given activity on the environment, including human health and safety, flora, fauna, soil, air, water, climate, landscape and historical monuments or other physical structures or the interactions among these factors; it also includes effects on cultural heritage or socio-economic conditions resulting from alterations to those factors;

  • 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 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.

  • Initial Environmental Examination or “IEE” means an initial environmental examination for a Subproject, including any update thereto, prepared and submitted by the Borrower pursuant to the requirements set forth in the EARF and cleared by ADB;

  • Site Assessment means a Site Assessment as defined in Paragraph 10(c).

  • Phase II means the second part of the tuition incentive assistance program which provides assistance in the third and fourth year of 4-year degree programs.

  • Environmental Review means the Federal

  • 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.

  • 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.

  • the Environmental Statement means the document certified as the environmental statement by the Secretary of State for the purposes of the Order;

  • Home inspection means the on-site, physical review of the home of an applicant to assure the applicant and the home meets all health and safety requirements within these rules.

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

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

  • Needs assessment means a study or statistical analysis that examines the need for ground ambulance service within a service area or proposed service area that takes into account the current or proposed service area’s medical, fire, and police services.

  • Lead inspection means a surface-by-surface investigation to determine the presence of lead-based

  • Environmental Information means any information in written, visual, aural, electronic or any other material form on:

  • 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.

  • Phase I Report means, with respect to any Facility, a report that (i) conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, E 1527, (ii) was conducted no more than six months prior to the date such report is required to be delivered hereunder, by one or more environmental consulting firms reasonably satisfactory to Administrative Agent, (iii) includes an assessment of asbestos-containing materials at such Facility, (iv) is accompanied by (a) an estimate of the reasonable worst-case cost of investigating and remediating any Hazardous Materials Activity identified in the Phase I Report as giving rise to an actual or potential material violation of any Environmental Law or as presenting a material risk of giving rise to a material Environmental Claim, and (b) a current compliance audit setting forth an assessment of Holdings’, its Subsidiaries’ and such Facility’s current and past compliance with Environmental Laws and an estimate of the cost of rectifying any non-compliance with current Environmental Laws identified therein and the cost of compliance with reasonably anticipated future Environmental Laws identified therein.

  • 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.