Structurally unsound definition
Structurally unsound means, with respect to a Portfolio Site, that the Tower is not Structurally Sound and: (i) such Portfolio Site is identified as being Structurally Unsound on the Signing Site Designation List or, in accordance with the definition of Open Diligence Site, is identified as being Structurally Unsound on the Closing Site Designation List for the Initial Site Closing Date for such Portfolio Site; or (ii) (A) such Portfolio Site becomes Structurally Unsound on or after the Signing Date and prior to the Initial Site Closing Date for such Portfolio Site, (B) such Portfolio Site is identified as Structurally Unsound on the Closing Site Designation List for the Initial Site Closing Date for such Portfolio Site, and (C) the Expected Remediation Costs to remediate such Structurally Unsound issue exceed the Remediation Cost Threshold.
Structurally unsound means “defects in the dwelling’s structure which manifest in a risk of collapse and/or make the building unsafe to occupy. There is no evidence before me that this is the case here”.