Phase I Environmental Site Assessment definition

Phase I Environmental Site Assessment means a Phase I environmental property assessment of the Assets that satisfies the basic assessment requirements set forth under the current ASTM International Standard Practice for Environmental Site Assessments (Designation E1527-13) or any other visual site assessment or review of records, reports or documents.

Phase I Environmental Site Assessment means an investigation of the existing and past uses of a site for the purpose of identifying all potential areas of concern at a site at which substances may have been Released to the environment.

Phase I Environmental Site Assessment or “Phase I” means an investigation performed in accordance with ASTM International’s Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process (E 1527), as amended.

Examples of Phase I Environmental Site Assessment in a sentence

• All such prior owned property was included in the Phase I environmental site assessment required in connection with loan origination, and no recognized environmental conditions were identified.

• With respect to the 47 Erxx Xxxxxx Xxxxing Structure individual Mortgaged Property, the Phase I environmental site assessment obtained in connection with loan origination identified a controlled recognized environmental condition (“CREC”) associated with contaminated soils arising from the removal of three underground storage tanks in the 1997-1999 time period.

• In connection with the 40 Xxxx Xxxxxx parking Structure portion of mortgaged property, the Phase I environmental site assessment obtained in connection with loan origination identified a controlled recognized Rep.

• All such Previously Owned Property was included in the Phase I environmental site assessment required in connection with origination of the Mortgage Loan, and no recognized environmental conditions were identified.

• The Phase I environmental site assessment prepared in connection with loan origination identified a controlled recognized environmental condition (CREC) associated with brownfields-related remediation.

More Definitions of Phase I Environmental Site Assessment

Phase I Environmental Site Assessment means an assessment of a site to identify potential or known areas of envi- ronmental contamination. This assessment may include review- ing records, interviewing persons, and conducting physical inspections of the site.

Phase I Environmental Site Assessment is defined in Section 4.2.

Phase I Environmental Site Assessment has the meaning set forth in Section 5.04.

Phase I Environmental Site Assessment means a Phase I environmental property assessment of the Assets that satisfies the basic assessment requirements set forth under the current ASTM International Standard Practice for Environmental Site Assessments (Designation E1527-13). For the avoidance of doubt, a Phase I Environmental Site Assessment does not include soil or groundwater sampling or subsurface or other invasive testing of any kind.

Phase I Environmental Site Assessment means a Phase I environmental property assessment of the Oil and Gas Assets that satisfies the basic assessment requirements set forth under the current ASTM International Standard Practice for Environmental Site Assessments (Designation E1527-13).

Phase I Environmental Site Assessment. (Phase I ESA) means an AAI compliant Phase I ESA conducted by an Environmental Professional in accordance with the most recently adopted standard for a Phase I ESA established by ASTM International, currently ASTM E1527-21. (See also 40 CFR § 312.20.)

Phase I Environmental Site Assessment means a Phase I environmental site assessment as that term is used in the American Society for Testing and Materials standard;