Environmental Due Diligence Period definition

Environmental Due Diligence Period means the period commencing on the date hereof and ending on the Environmental Due Diligence Date.
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Environmental Due Diligence Period means the forty-five (45) Business Day period starting on the date of this Agreement during which Buyer must complete its due diligence as described in Section 4.4(d).
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Environmental Due Diligence Period has the meaning set forth in Section 7.6.
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Examples of Environmental Due Diligence Period in a sentence

  • The Redeveloper shall have the right to terminate this Agreement due to unacceptable environmental conditions upon giving the Town written notice thereof on or before the expiration of the Phase 2 Environmental Due Diligence Period, in which event the Redeveloper shall have no obligation to proceed to the Phase 2 Closing and the Deposit shall be returned to the Redeveloper.

  • In addition, during the Phase 2 Environmental Due Diligence Period and the Phase 3 Environmental Due Diligence Period, the Redeveloper shall have the right to conduce Environmental Due Diligence.

  • Each Party shall have the right to terminate this Agreement due to unacceptable environmental conditions upon giving the other Party written notice thereof on or before the expiration of the Phase 1 Environmental Due Diligence Period, in which event the Deposit shall be returned to the Redeveloper.

  • The Redeveloper shall have the right to terminate this Agreement due to unacceptable environmental conditions upon giving the Town written notice thereof on or before the expiration of the Phase 2 Environmental Due Diligence Period, Period, in which event the Redeveloper shall have no obligation to proceed to the Phase 3 Closing and the Deposit shall be returned to the Redeveloper.

  • In the event any such assessment or audit reveals that, in the commercially reasonable opinion of Purchaser’s environmental consultant, any portion of the Property is impaired by an Environmental Condition or there is a reportable violation of Environmental Laws, Purchaser shall have until the expiration of the Environmental Due Diligence Period to deliver to Seller written notice of such impairment or such reportable violation (the “Environmental Notice”).

  • Failure of the Purchaser to terminate the Agreement prior to expiration of the Environmental Due Diligence Period shall be deemed a full waiver of this contingency and Purchaser’s acknowledgement that it has chosen to proceed with the transaction.

  • In the event, in the course of its investigation, the Purchaser wishes to cancel this Agreement as it relates to an environmental defect that has, in Purchaser’s sole judgment, an adverse effect on the Premises or the use of the Premises, then Purchaser shall have the right to terminate this Agreement prior to the expiration of the Environmental Due Diligence Period.

  • Seller shall make an additional application for a Non-Applicability Determination upon expiration of the Environmental Due Diligence Period, if necessary, with respect to this transaction.

  • If, upon expiration of the Environmental Due Diligence Period or Extended Environmental Due Diligence Period, the Escrow Agent has not received the Inspection Termination together with the Inspection Reports, then within five (5) days after expiration of the Environmental Due Diligence Period or the Extended Environmental Due Diligence Period, the Escrow Agent shall deliver the Escrow Deposit and Additional Escrow Deposit together with one-half (1/2) of the interest accrued thereon to the Seller.

  • The closing of title to the Premises (the “Closing”) shall take place days after the expiration of the Environmental Due Diligence Period (the “Closing Date”) in escrow through the Escrow Agent by mail.


More Definitions of Environmental Due Diligence Period

Environmental Due Diligence Period shall have the meaning ascribed thereto in Section 16.1.1 (Due Diligence).
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Environmental Due Diligence Period means the following period of time, during which the Lessor has the right, but not the obligation, to perform an Environmental Due Diligence Investigation: (i) beginning one hundred and eighty (180) days before the date on which the Term ends, and continuing until ninety (90) days before the date on which the Term ends; or (ii) beginning on the date that Lessor gives notice of its early termination of the Lease due to public necessity of the Premises for the Project (given that such notice must be given by Lessor one hundred and eighty (180) days prior to such termination pursuant to Section 1.03(c) hereof), and continuing for ninety (90) days after the date that such notice is given or (iii) beginning on the date that Lessor gives notice of its early termination of the Lease due to Lessee's default hereunder, and continuing for ninety (90) days after the date that such notice is given. The Due Diligence Period shall include the ability to review (i) all documents concerning the Premises, (ii) soil conditions from a geotechnical and environmental aspect, (iii) the physical condition of the Premises and all improvements thereon, (iv) the condition of the title, and (v) the zoning and governmental regulations concerning the Premises.
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Environmental Due Diligence Period means the thirty (30) Business Day period starting on the date of this Agreement during which Buyer must complete its due diligence as described in Section 4.4(d).
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Environmental Due Diligence Period shall have the meaning set forth in Section 4.4(c).
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Related to Environmental Due Diligence Period

  • Due Diligence Period has the meaning set forth in Section 4.1(a).

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • 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.

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • 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.

  • Environmental Review means the Federal

  • 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.

  • Due Diligence Materials means the information to be provided by Seller to Purchaser pursuant to the provisions of Section 4.1 hereof.

  • Environmental Event shall have the meaning set forth in Section 12.2.1.

  • 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 Clean-up Site means any location which is listed or proposed for listing on the National Priorities List, the Comprehensive Environmental Response, Compensation and Liability Information System, or on any similar state list of sites relating to investigation or cleanup, or which is the subject of any pending or threatened action, suit, proceeding, or investigation related to or arising from any location at which there has been a Release or threatened or suspected Release of a Hazardous Material.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

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

  • 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.

  • Material Environmental Amount an amount payable by the Borrower and/or its Subsidiaries in excess of $5,000,000 for remedial costs, compliance costs, compensatory damages, punitive damages, fines, penalties or any combination thereof.

  • Environmental Actions means any complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment, letter, or other communication from any Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous Materials from (a) any assets, properties, or businesses of any Borrower or any predecessor in interest, (b) from adjoining properties or businesses, or (c) from or onto any facilities which received Hazardous Materials generated by any Borrower or any predecessor in interest.

  • environmental statement means the document certified as the environmental statement by the Secretary of State for the purposes of this Order;

  • Environmental Reports means each and every “Phase I Environmental Site Assessment” (and, if applicable, “Phase II Environment Site Assessment”) as referred to in the ASTM Standards on Environmental Site Assessments for Commercial Real Estate, E 1527-2000 and an asbestos survey, with respect to each Mortgaged Property, prepared by one or more Environmental Auditors and delivered to Lender and any amendments or supplements thereto delivered to Lender.

  • 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 Affiliate means any agent or employee of any Borrower or any other Relevant Party or any person having a contractual relationship with any Borrower or any other Relevant Party in connection with any Relevant Ship or its operation or the carriage of cargo and/or passengers thereon and/or the provision of goods and/or services on or from any Relevant Ship;

  • Environmental Action means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, Environmental Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment, including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief.

  • Environmental Requirement means any Environmental Law, agreement or restriction, as the same now exists or may be changed or amended or come into effect in the future, which pertains to any Hazardous Material or the environment including ground or air or water or noise pollution or contamination, and underground or aboveground tanks.

  • Environmental Violation means any activity, occurrence or condition that violates or results in non-compliance with any Environmental Law in any Material respect.

  • 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.

  • Environmental Audit means a Phase One environmental site assessment (the scope and performance of which meets or exceeds ASTM Standard Practice E1527-93 Standard Practice for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of the Property, and, if called for by the Phase One assessment, a Phase Two environmental site assessment.

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.