Phase I Environmental Site Assessment Report definition

Phase I Environmental Site Assessment Report dated May 2011 and prepared by American Survey & Mapping Inc., d/b/a Fidelity Due Diligence Services with Project No. 11-0029 and addressed to TNP Strategic Retail Trust and KeyBank National Association, as Agent.
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Phase I Environmental Site Assessment Report or similar report with respect to the "Acquired Assets," including any real estate owned or leased by the Sellers, in scope, form, and content acceptable to Buyer. Sellers shall permit representatives of Buyer to have further access if, after reviewing such report, Buyer desires to have further environmental-related assessments, tests, audits, or investigations made; provided, however, that Buyer agrees to immediately restore any portions of the Real Property affected by such studies to substantially the same condition said Real Property was in prior to performance of such studies and to indemnify and hold Sellers harmless from and against any and all loss, liability, obligation, cost, damage, claim, penalty, judgment, fine or expense (including but not limited to attorneys' fees) resulting or arising, directly or indirectly, from the entry upon the Real Property or the conduct of such inspections, tests or studies by Buyer, their employees, contractors or agents. Sellers shall cooperate with Buyer's assessment, inspection and analysis of the Real Property. No investigation by Buyer shall affect in any manner the representations and warranties made by Sellers and Controlling Shareholders in this Agreement, nor any other certificate or agreement furnished or to be furnished by Sellers to Buyer or its representatives in connection herewith or pursuant hereto, and the right of Buyer to rely on them. Sellers shall use their best efforts to keep Buyer fully informed as to the affairs of Sellers and advise Buyer of all important matters pertaining to Sellers prior to Closing. If Buyer chooses not to proceed with the transaction contemplated hereby as a result of its due diligence investigation on or before the expiration of the Due Diligence Period, Buyer shall advise Sellers or Controlling Shareholders in writing, and this Agreement shall immediately terminate as provided by Section 9 hereof; provided that Buyer shall, within five (5) days after such termination, furnish Sellers with copies of all surveys, reports, environmental studies, engineering reports and other documents, studies and reports secured by Buyer during the Due Diligence Period; provided, however, that Buyer will not be obligated to provide Sellers with documents prepared internally by Del Xxxx, Xxyer or their agents (title reports and environmental reports, if any, would be returned).
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Phase I Environmental Site Assessment Report or similar report with respect to the Acquired Assets, including the Real Property, in scope, form, and content acceptable to Buyer. Seller shall permit representatives of Buyer to have further access if, after reviewing such report, Buyer desires to have further environmental-related assessments, tests, audits, or investigations made. No investigation by Buyer shall affect in any manner the representations and warranties made by Seller and the Shareholders in this Agreement, nor any other certificate or agreement furnished or to be furnished by Seller to Buyer or its representatives in connection herewith or pursuant hereto, and the right of Buyer to rely on them. Seller shall use its commercially reasonable best efforts to keep Buyer fully informed as to the Business and the Acquired Assets and advise Buyer of all important matters pertaining to the Business and the Acquired Assets prior to Closing.
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Examples of Phase I Environmental Site Assessment Report in a sentence

  • The Board may require the Applicant to provide at its expense a Phase I Environmental Site Assessment Report for the Project and/or Plan Areas that (i) shall be prepared by a recognized Person in the health, safety and environmental field that is acceptable to the Board;(ii) shall bear a date acceptable to the Board; and (iii) shall disclose no unacceptable conditions to the Board.

  • GE Capital Real Estate April 14, 1999 Phase I Environmental Site Assessment Report New England Tradeport 00 Xxxxxxxxxxxxx Xxxxx Xxxx Xxxxxx, XX 00000 (Project #3176.034) Hygenics Environmental Services, Inc.

  • Buyer has completed a Phase I Environmental Site Assessment Report, and may conduct further environmental investigations.

  • Except as otherwise disclosed in that certain Phase I Environmental Site Assessment Report dated February 25, 2000 prepared for Manager by Xxxxx International Incorporated, Owner hereby represents and warrants to Manager that, to Owner's actual knowledge, as of the Effective Date, there are no Hazardous Materials (as defined below) on any portion of the Site or the Inn, nor have any Hazardous Materials been released or discharged on any portion of the Site or the Inn.

  • The Agency may require the Company and/or owner of the premises to prepare and submit an environmental assessment and audit report, including but not necessarily limited to, a Phase I Environmental Site Assessment Report and a Phase II Environmental Investigation, with respect to the Premises at the sole cost and expense of the owner and/or the Applicant.

  • The Board may require the Applicant to provide at its expense a Phase I Environmental Site Assessment Report for the Project and/or Plan Areas that (i) shall be prepared by a recognized Person in the health, safety and environmental field that is acceptable to the Board; (ii) shall bear a date acceptable to the Board; and (iii) shall disclose no unacceptable conditions to the Board.

  • The City of Madison may not consider a survey within its extraterritorial jurisdiction without prior approval Town and Dane County.For Surveys Conveying Land to the Public: A Phase I Environmental Site Assessment Report may be required if any interest in these lands are to be conveyed to the public.

  • Lender shall have received a Phase I Environmental Site Assessment Report on all of the real estate, along with such further environmental review and audit reports as Lender requests (which may include Phase II reports), and letters by the firm preparing such environmental reports authorizing Lender to rely on such reports.

  • This Agreement shall remain in effect for a period of forty-two (42) months from January through to June inclusive, and thereafter, from year to year, unless notice in writing is given by either party ninety (90) days prior to the expiry date, that it desires to terminate, revise or amend the Agreement.

  • Upon the request of the Lenders, the Borrower shall promptly, and in no event later than 60 days following date of such request, deliver or cause to be delivered to the Lenders a Phase I Environmental Site Assessment Report completed by an independent environmental consultant with respect to the real Property listed on Schedule 5.9(d).

Related to Phase I Environmental Site Assessment Report

  • 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.

  • 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.

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

  • 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 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 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.

  • 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;

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

  • 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;

  • 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.

  • 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.

  • Acoustic Assessment Report means the report, prepared in accordance with Publication NPC-233 and Appendix A of the Basic Comprehensive User Guide,by HGC Engineering and dated August 22, 2008 submitted in support of the application, that documents all sources of noise emissions and Noise Control Measures present at the Facility and includes all up-dated Acoustic Assessment Reports as required by the Documentation Requirements conditions of this Certificate to demonstrate continued compliance with the Performance Limits following the implementation of any Modification.

  • 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.

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

  • 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 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.

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

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

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • 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 Hazard means any substance the presence, use, transport, abandonment or disposal of which (i) requires investigation, remediation, compensation, fine or penalty under any Applicable Law (including, without limitation, the Comprehensive Environmental Response Compensation and Liability Act, Superfund Amendment and Reauthorization Act, Resource Conservation Recovery Act, the Occupational Safety and Health Act and provisions with similar purposes in applicable foreign, state and local jurisdictions) or (ii) poses risks to human health, safety or the environment (including, without limitation, indoor, outdoor or orbital space environments) and is regulated under any Applicable Law.

  • Progress Assessment Report (PAR means the monthly compliance report to Owner verifying compliance with the HUB subcontracting plan (HSP).

  • Environmental Review means the Federal

  • 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.

  • Assessment Report : means the assessment report referred to in Articles 32(2) and 33(3) of Regulation (EC) No 834/2007 drawn up by an independent third party fulfilling the requirements of ISO Standard 17011 or by a relevant competent authority, which includes information on document reviews, including the descriptions referred to in Articles 4(3)(b) and 11(3)(b) of this Regulation, on office audits, including critical locations and on risk-oriented witness audits conducted in representative third countries.