A Phase I Environmental definition

A Phase I Environmental. Site Assessment Report dated the most recent practical date prior to the Closing Date in form and substance satisfactory to MPT (and a Phase II if recommended by the Phase I Report);
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A Phase I Environmental. Site Assessment Report dated the most recent practical date prior to the Closing Date in form and substance satisfactory to MPT (and a Phase II if recommended by the Phase I Report); Property condition reports for the Land, dated the most recent practical date prior to the Closing Date and in form and substance satisfactory to MPT; A Zoning Compliance Letter/Certificate dated the most recent practical date prior to the Closing Date in form and substance satisfactory to MPT; Tenant Estoppel Certificates in form and substance satisfactory to MPT; Owner's Affidavits in form and substance satisfactory to MPT; The Search Reports dated the most recent practical date prior to the Closing Date in form and substance satisfactory to MPT; A Non-Foreign Affidavit in form and substance satisfactory to MPT; The Lease, together with a Memorandum of Lease Agreement in form and substance satisfactory to MPT; The Assignment of Rents and Leases in substantially the form attached hereto as EXHIBIT 9.2(q); The Security Agreements in substantially the form attached hereto as EXHIBIT 9.2(r); The legal opinions of Xxxxxxx, Xxxxx & Diamond as counsel for the Seller Parties, substantially in the form attached hereto as EXHIBIT 9.2(s) (it being understood and agreed that Seller Parties shall cause Xxxxxx & Thorneburg, LLP to deliver, within two (2) Business Days following the Closing Date, an opinion in form and substance satisfactory to the MPT Parties addressing Indiana law as it relates to the matters opined to in said Xxxxxxx, Xxxxx & Diamond opinion); At the Closing, each Seller Party shall have furnished to the MPT Parties a certificate dated the Closing Date signed by such Seller Party to the effect that all of the representations and warranties of the Seller Parties contained in the Agreement (considered collectively) and each of these representations and warranties (considered individually) remain in all respects true and correct as of the Closing Date as if made on such date and that the Seller Parties have performed and satisfied in all material respects all covenants and conditions required by this Agreement to be performed or satisfied by the Seller Parties on or prior to Closing; All necessary approvals, consents, estoppel certificates and the like of third parties or Governmental Entities to the validity and effectiveness of the transactions contemplated hereby; The Noncompete Agreement substantially in the form attached as EXHIBIT 9.2(v); The Promissory Note; The Rep...
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Examples of A Phase I Environmental in a sentence

  • A Phase I Environmental Site Assessment is a report that identifies potential or existing environmental contamination liabilities.

  • A Phase I Environmental Assessment shall not include soil or groundwater sampling or subsurface testing of any kind.

  • A Phase I Environmental Site Assessment or Assessments of the Real Property prepared in conformance with the scope and limitations of ASTM Standard Designation E1527- 93 and approved by Agent Bank.

  • A "Phase I Environmental Property Evaluation" was completed on the subject site by American Technical Services, Inc (ATS).

  • A Phase I Environmental Site Assessment has been performed at Pelican Sound and Town Place but has not been performed at The Meadows II.

  • A Phase I Environmental Site Assessment of the land prepared by an engineer acceptable to the Lender, which report shall be certified to the Lender and shall otherwise be acceptable to the Lender in form and content.

  • A Phase I Environmental Site Assessment (ESA) was performed prior to construction of the Crane Operation.

  • A Phase I Environmental Site Assessment (“ESA”) and a Limited Compliance Assessment (“LCA”) will be performed.

  • A Phase I Environmental Assessment Report prepared by TriAD Environmental Consultants, Inc., dated September 26, 2014, for the Real Property (the “Environmental Report”) has been delivered to Purchaser.

  • A Phase I Environmental Audit must be performed by a reputable private concern satisfactory to CDC and SBA if: (a) the on-site inspection and environmental questionnaire do not satisfy SBA as to the absence of the potential for environmental contamination; or (2) as determined by SBA, EPA or CDC, the Borrower [and/or Operating Company] or a prior occupant of the property is a member of a frequently polluting business sector or the property is located in an area known to have a pollution problem.

Related to A Phase I Environmental

  • Phase I Environmental Site Assessment is an assessment of the environmental condition of the Property performed in accordance with the American Society of Testing and Materials (ASTM) Standard E1527-05 “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process,” or any successor to such ASTM Standard which is active at the time of the assessment.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • 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.

  • Adverse Environmental Condition means (i) the existence or the continuation of the existence, of an Environmental Contamination (including, without limitation, a sudden or non-sudden accidental or non-accidental Environmental Contamination), of, or exposure to, any substance, chemical, material, pollutant, Hazardous Substance, 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 Environmental Law, permits or licenses of, by or from any governmental authority, agency or court relating to environmental matters connected with any of the Equipment.

  • Operating Environment means, collectively, the platform, environment and conditions on, in or under which the Software is intended to be installed and operate, as set forth in the Statement of Work, including such structural, functional and other features, conditions and components as hardware, operating software and system architecture and configuration.

  • 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.

  • Production Environment means a logical group of virtual or physical computers comprised within the Cloud Environment to which the Customer will be provided with access and use the purchased Cloud Application(s) in production and for its generally marketed purpose.

  • 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;

  • Natural environment means the air, land and water, or any combination or part thereof, of the Province of Ontario; (“environnement naturel”)

  • 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 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.

  • Materials of Environmental Concern any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law, including asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.

  • 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.

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

  • Site Assessment means an environmental assessment report for the Mortgaged Property prepared at Borrower’s expense by a qualified environmental consultant engaged by Borrower, or by Lender on behalf of Borrower, and approved by Lender, and in a manner reasonably satisfactory to Lender, based upon an investigation relating to and making appropriate inquiries to evaluate the risks associated with Mold and any existence of Hazardous Materials on or about the Mortgaged Property, and the past or present discharge, disposal, release or escape of any such substances, all consistent with the most current version of the ASTM 1527 standard (or any successor standard published by ASTM) and good customary and commercial practice.

  • Insured Environmental Event As defined in Section 3.07(d).

  • Environmental requirements means requirements imposed by applicable Federal, state, and local environmental laws and regulations, including, without limitation, statutes, ordinances, regulations, court orders, consent decrees, administrative orders, or compliance agreements including the Hanford Federal Facility Agreement and Consent Order, consent orders, permits, and licenses; and

  • Environmental Conditions means any conditions of the environment, including, without limitation, the work place, the ocean, natural resources (including flora or fauna), soil, surface water, ground water, any actual or potential drinking water supply sources, substrata or the ambient air, relating to or arising out of, or caused by the use, handling, storage, treatment, recycling, generation, transportation, Release or threatened Release or other management or mismanagement of Regulated Substances resulting from the use of, or operations on, the Property.

  • Environmental Condition means any condition or circumstance, including the presence of Hazardous Substances which does or would (i) require assessment, investigation, abatement, correction, removal or remediation under any Environmental Law, (ii) give rise to any civil or criminal Liability under any Environmental Law, (iii) create or constitute a public or private nuisance or (iv) constitute a violation of or non-compliance with any Environmental Law.

  • Material of Environmental Concern means and includes pollutants, contaminants, hazardous wastes, and toxic, radioactive, caustic or otherwise hazardous substances, including petroleum, its derivatives, by-products and other hydrocarbons, or any substance having any constituent elements displaying any of the foregoing characteristics.

  • 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.

  • 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.