Phase II Environmental Assessment definition

Phase II Environmental Assessment means an intensified environmental assessment that further defines previously identified conditions, circumstances or risks and that may include physical sampling and analysis of paint, building materials or any environmental medium (including air, indoor air, surface water, groundwater, soil, and subsurface strata).

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 II Environmental Assessment means an assess- ment of a site to physically confirm that contamination exists in potential or known areas of environmental contamination identi- fied in the Phase I environmental assessment, but not to determine the nature, degree and extent of contamination. This assessment may include, but is not limited to, field sampling of media, labora- tory analysis of samples and visual confirmation of environmental contamination at the site.

Examples of Phase II Environmental Assessment in a sentence

• Seller expressly acknowledges and agrees that Seller’s covenant and obligation to pay all costs and expenses associated with any Phase II Environmental Assessment required under this section, whether commissioned by Seller or Company, shall survive termination of this Agreement.

• No later than 18 months prior to the date upon which this Agreement terminates, i.e., the end of the Term, Seller shall deposit with Company a sum equal to the then current estimated cost of conducting a Phase I and Phase II Environmental Assessment of the Company-Owned Site.

• Company shall repair any substantial damage to the Company-Owned Site or to the Facility that is directly caused by Company (but not the environmental consultant) during the Phase II Environmental Assessment.

• Each Phase II Environmental Assessment shall be conducted: (A) only after advance notice of such assessment has been provided to Seller at least 10 Days prior to the date of the assessment; and (B) in a manner reasonably designed to minimize the interruption of Seller’s operations and use of the Company-Owned Site.

• Applicants may be required to complete a Phase II Environmental Assessment and remediate potentially hazardous materials, if found on the site (sites must be free of significant contamination at loan closing).

More Definitions of Phase II Environmental Assessment

Phase II Environmental Assessment means actual soil, groundwater and structural material sampling and testing to confirm or deny the presence of contamination.

Phase II Environmental Assessment means:

Phase II Environmental Assessment means: (1) an assessment of the Demised Premises performed by an independent and duly qualified, licensed engi- xxxx with experience and expertise in conducting environmental assessments of real estate, bedrock and groundwater of the type found on the Demised Premises, and said assessment shall include, but not necessarily be limited to, extensive sampling of soils, groundwaters and structures, followed by laboratory analysis of these samples and interpretation of the results, and preparation of a written report with bor- ing logs, photograph logs, maps, investigative proce- dures, results, conclusions and recommendations.

Phase II Environmental Assessment means the phase II environmental assessment on the Mortgaged Property located in Plymouth, Minnesota that must be obtained by the Borrower after closing as described in Section 4.19.3 below

Phase II Environmental Assessment shall have the meaning set forth in Section 6.17.10.

Phase II Environmental Assessment means an environmental investigation, including but not limited to invasive sampling and chemical analyses, that further evaluates previously identified Recognized Environmental Conditions (“RECs”), including historic RECs.

Phase II Environmental Assessment means an intrusive study where actual physical environmental samples are collected and analyzed to characterize the type and distribution of hazardous material in the environment. A phase II environmental assessment shall meet the most current requirements adopted by the American Society for Testing and Materials (ASTM) for Standard Practice for Environmental Site Assessments: Phase II Environmental Site Assessment Process.