Environmental Review Period definition

Environmental Review Period has the meaning specified in Section 5.8(b)(i).
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Environmental Review Period means a period of fifteen (15) business days after receipt of both a Phase I Environmental Evaluation and/or a Phase II Environmental Evaluation, as applicable.
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Environmental Review Period shall have the meaning ascribed thereto in Section 8(b) hereof.
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Examples of Environmental Review Period in a sentence

  • Should Purchaser disapprove the Asbestos and Environmental Reports, it shall notify the applicable Seller in writing of such disapproval and the reasons therefor at or prior to the expiration of the Environmental Review Period (the "Environmental Notice").

  • If after the Environmental Review Period but before Closing Purchaser becomes aware of an Environmental Condition not disclosed by the Phase I Reports, the Purchaser’s Environmental Review or Seller’s Disclosures, Purchaser shall so notify Seller within ten (10) days of discovery of the undisclosed Environmental Condition.

  • Buyer shall have until February 1, 1997, or fifteen ------------- (15) days prior to closing (the "Environmental Review Period"), within which to conduct environmental due diligence with respect to the Properties.

  • Closing shall be held on or before fifteen (15) days following the later of the expiration of (i) the Feasibility Review Period, (ii) the Title Review Period, and (iii) the Purchaser Environmental Review Period (the “Closing Date”), at such time as shall be mutually agreeable to the parties hereto.

  • In the event Purchaser fails to provide notice of any Environmental Conditions during the Environmental Review Period, Purchaser shall be deemed to have waived objection to such Environmental Conditions.

  • Purchaser acknowledges that Seller has delivered to Purchaser the Phase I Reports as described in Section 8.3. Purchaser shall have until May 25, 2009 (the “ Environmental Review Period ”) (A) to review the Phase I Reports, and (B) to deliver to Seller written notice of the existence of a REC on any portion of the Timberlands (Purchaser acknowledging that its objection rights under this Section 1.6(e) are limited solely to the presence on the Timberlands of RECs).

  • The U.S. Army Corps of Engineers (ACOE) acted as agent for purchasing the land, which took place between 1962 and 1964.

  • The failure of Purchaser to indicate disapproval on or prior to the expiration of the Environmental Review Period shall be deemed approval.

  • Tenant may, at reasonable times and upon prior notice to Landlord, enter upon the Demised Premises prior to the expiration of the Environmental Review Period to examine the Demised Premises, take soil samples and conduct water, air and other tests necessary to conduct and complete environmental assessments of the Demised Premises, including, but not limited to, a Phase I assessment (collectively, the "Environmental Assessments").

  • Sellers and Purchaser hereby each acknowledge and agree that, as of the date hereof, the Environmental Review Period (as defined in Exhibit 3.2(a) of the Purchase Agreement) has concluded.


More Definitions of Environmental Review Period

Environmental Review Period means a period of thirty (30) business days after Buyer's receipt of all of the Evaluations, subject to extension for up to an additional sixty (60) days if Buyer determines that such additional time is needed for additional testing. In no case shall the Environmental Review Period expire prior to the end of the Inspection Period.
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Related to Environmental Review Period

  • Environmental Review means the Federal

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

  • Title Review Period shall have the meaning set forth in Section 4.3.

  • 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.

  • 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 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;

  • 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 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.

  • Study Period means the period commencing at 9:00 a.m. on the date hereof, and continuing through 5:00 p.m. on the Closing Date.

  • 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.

  • 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.

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

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

  • 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.

  • Environmental impact statement means a detailed written statement as required by section 102(2)(C) of the Act.

  • 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.

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

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

  • Review Period has the meaning set forth in Section 2.04(c)(i).

  • 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.

  • 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 the introduction or presence of Hazardous Materials at such levels, quantities or location, or of such form or character, as to constitute a violation of federal, state or local laws or regulations, and present a material risk under federal, state or local laws and regulations that the Premises will not be available or usable for the purposes contemplated by this Agreement.

  • 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 Harm means serious or material environmental harm or environmental nuisance as defined in the Environmental Protection Xxx 0000 (Qld);