Environmental Completion Date definition

Environmental Completion Date means, with respect any Financed Property, the date which is eighteen (18) months following the Property Closing Date for such Financed Property; provided, however, that the Environmental Completion Date for any Financed Property shall be extended for twelve (12) months if (A) a material delay has occurred in the remediation of the Environmental Issue for such Financed Property as a result of a delay by the applicable Governmental Authority in approving the remediation plan for such Environmental Issue or approving the completion of such remediation work and (B) the Borrower has taken all actions and/or delivered all documentation required by such Governmental Authority to complete its review and approval of such remediation plan or remediation work. To request such twelve (12) month extension, the Borrower shall deliver to the Administrative Agent (i) a copy of the application or correspondence, with supporting material, submitted by the Borrower or its Environmental Professional to the applicable Governmental Authority for approval of the plan for the remediation work to be performed by the Borrower to remedy such Environmental Issue for such Financed Property, (ii) either confirmation by the Borrower’s Environmental Professional or other evidence reasonably satisfactory to the Administrative Agent that conditions (A) and (B) apply and (iii) a certificate of a Responsible Officer of the Borrower stating that as of the date of such request, no Default or Event of Default exists. In the event the Borrower has been unable to complete remediation of any Environmental Issue for any Financed Property within the extended period set forth in the first sentence of this definition, the Environmental Completion Date may be further extended from time to time for such additional periods of time as may be approved by the Required Lenders, provided that the Borrower delivers to the Administrative Agent (i) a written request for extension and a report for such Financed Property describing the efforts undertaken by Borrower to obtain the approval of such remediation plan or to complete the applicable environmental remediation work together with the delays caused by any Governmental Authorities, (ii) if requested by the Required Lenders, either confirmation by the Borrower’s Environmental Professional or other evidence reasonably satisfactory to the Administrative Agent that conditions (A) and (B) apply (provided that if the approval of the Governmental Authority referred...
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Environmental Completion Date means, with respect any Financed Property, the date which is eighteen (18) months following the Property Closing Date for such Financed Property.
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Environmental Completion Date means, as to each Home, the date the City Party notifies Participant that the environmental review for the Home and the Rehabilitation Project required under the National Environmental Policy Act and the related authorities at 24 CFR Part 58 (including the State Historical Preservation Office (SHPO)) and the California Environmental Quality Act (CEQA) has been completed and that HUD or HCD, as applicable, has issued its release of funds pursuant to Section 16.11 of this Agreement.
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Examples of Environmental Completion Date in a sentence

  • The “Project Expenses” shall mean, as to each Home, the actual and reasonable expenses for the Eligible Project Expense Items incurred by Participant after the Environmental Completion Date for the Home and after the Home has received Initial Approval, not to exceed the amounts set forth in the Home Project Budget.

  • Participant expressly acknowledges and agrees that notwithstanding any other provision in this Agreement to the contrary, Participant shall not receive any funds from any City Party under this Agreement, including without limitation, any NSP Loan funds, reimbursement for Project Costs, or Participant Fees, to the extent incurred prior to the Environmental Completion Date for the applicable Home.

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  • If suspicions in any way involve one or more of the representatives you should report the matter to one of the other representatives.

  • Notwithstanding the foregoing or any other provision in this Agreement to the contrary, Participant acknowledges that no Acquisition Fee can be or shall be paid for a Home for which an Environmental Completion Date did not occur.

  • Participant shall not incur any Project Expenses for a Home prior to the Environmental Completion Date for the Home and any expenses incurred prior to said date will not be eligible for reimbursement or payment notwithstanding any other provision in this Agreement to the contrary.

  • Borrower acknowledges and agrees that following the effectiveness of this Agreement, the Environmental Holdback Amount and related Environmental Completion Date for each Existing Holdback Properties shall be the amount and date set forth on Exhibit A attached hereto.

Related to Environmental Completion Date

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Target Completion Date has the meaning given such term in Section 3.3(b).

  • Final Completion Date means the date on which Final Completion occurs.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Environmental Complaint shall have the meaning set forth in Section 4.19(d) hereof.

  • The Completion Date means the date of completion of the Works as certified by the Employer’s Representative.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • 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.

  • Mechanical Completion means that (a) all components and systems of the Project have been properly constructed, installed and functionally tested according to EPC Contract requirements in a safe and prudent manner that does not void any equipment or system warranties or violate any permits, approvals or Laws; (b) the Project is ready for testing and commissioning, as applicable; (c) Seller has provided written acceptance to the EPC Contractor of mechanical completion as that term is specifically defined in the EPC Contract.

  • Guaranteed Substantial Completion Date or “Guaranteed Substantial Completion Dates” has the meaning set forth in Section 5.3B.

  • Substantial Completion means the stage in the progress of the work as determined and certified by the Contracting Officer in writing to the Contractor, on which the work (or a portion designated by the Government) is sufficiently complete and satisfactory. Substantial completion means that the property may be occupied or used for the purpose for which it is intended, and only minor items such as touch-up, adjustments, and minor replacements or installations remain to be completed or corrected which:

  • 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;

  • 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 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.

  • Scheduled Project Completion Date shall have the meaning specified in Section 6.3 (c);

  • Final Completion means the date determined and certified by A/E and Owner on which the Work is fully and satisfactorily complete in accordance with the Contract.

  • 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 and Social Impact Assessment or “ESIA” means a site-specific report, to be prepared in accordance with the parameters laid down in the ESMF (as hereinafter defined) and acceptable to the Association, identifying and assessing the potential environmental and social impacts of the activities to be undertaken for the Project, evaluating alternatives, and designing appropriate mitigation, management, and monitoring measures.

  • Environmental Contamination means each of the following and their consequences:

  • Environmental Consultant has the meaning set forth in Section 5.17(a).

  • Construction Completion means physical construction of a cleanup action component is complete.

  • environmental impact means any effect caused by a given activity on the environment, including human health and safety, flora, fauna, soil, air, water, climate, landscape and historical monuments or other physical structures or the interactions among these factors; it also includes effects on cultural heritage or socio-economic conditions resulting from alterations to those factors;