Phase II ESA definition

Phase II ESA has the meaning set forth in Section 5.17(b).

Phase II ESA means a Phase II Environmental Site Assessment, if any, performed at a Property in accordance with the scope and recommendations of the applicable guidelines and standards for such site assessments issued by the ASTM.

Phase II ESA collectively, the “ESAs”). A Phase II ESA consists of further investigation of recognized environmental conditions identified in the Phase I ESA including sampling and analysis of soil and groundwater necessary to determine whether or not contamination has occurred. Seller’s consent to conduct a Phase II ESA shall not be unreasonably withheld, conditioned or delayed. If Seller permits Purchaser to conduct a Phase II ESA, Seller will be provided a copy of the Phase II ESA within five (5) business days of completion and receipt by Purchaser. Any subsequent amendments and/or reports relating to the Phase II ESA shall also be delivered to Seller and Purchaser.

Examples of Phase II ESA in a sentence

• The Phase II ESA (site- specific review) serves as the first step in remediation for any property with contamination levels deemed unsafe.

• The Phase II ESA must provide a narrative of how the any REC(s) identified will be mitigated using methods recognized and supported by the applicable regulatory authority and the estimated costs of such mitigation.

• The acceptable method for this demonstration would be a Phase I Environmental Site Assessment (ESA) performed in accordance with CSA standard Z768-01 and any required follow up investigations (Phase II ESA) or remediation.

• If the Environmental Professional recommends further examination, the application must include a Phase II ESA.

• However, if you choose to continue with the original site on which the Phase I ESA indicated contamination or hazards, you must undertake a detailed Phase II ESA by an appropriate professional.

More Definitions of Phase II ESA

Phase II ESA means an ASTM E1903-11 Phase II Environmental Site Assessment.

Phase II ESA shall have the meaning set forth in Section 8.16(a).

Phase II ESA has the meaning set forth in Section 6.1(b) of this Agreement.

Phase II ESA means an ASTM E1903-11 Phase II Environmental Site Assessment. “Pledge and Security Agreement” means that certain Pledge and Security Agreement of even date herewith by and among each Loan Party and the Collateral Agent for the benefit of the Secured Parties, in substantially the form acceptable to the Collateral Agent, as the same may be amended, restated, amended and restated, replaced, supplemented or otherwise modified from time to time.

Phase II ESA means the collection of subsurface (e.g., soil, sediment, groundwater or surface water) or indoor air samples necessary in order to determine if a REC identified in a Phase I ESA Conformed Copy through Second Amendment dated October 7, 2011 and resulting from the operation of the Facility or Equipment has or may have caused a Release of Hazardous Substances at the Site, except for de minimis and surficial Releases to a non-pervious surface or to soil or Releases authorized by an Environmental Permit.

Phase II ESA as defined in Section 6.1(b).

Phase II ESA. Section 5.2(a) “Proceedings” Section 2.11 “Property” Section 5.2(a) “Purchase Price” Section 1.2