Examples of Phase I in a sentence
At its option and expense, Buyer may have a Phase I Environmental Assessment, and such other environmental studies and asbestos surveys as Buyer deems necessary (the “Environmental Report”), prepared for the Property by licensed and certified environmental engineers of Buyer’s choosing.
Purchaser may, at Purchaser’s sole cost and expense and within the Due Diligence Period, obtain a Phase I Environmental Site Assessment (“Phase I”) prepared by an independent environmental consulting firm engaged by Purchaser.
In the event the Phase I shows any objectionable environmental conditions, as determined in Purchaser’s sole discretion, Purchaser may, at its option, order a Phase II Environmental Site Assessment or other inspections or test to determine the extent of the environmental conditions and any work required to remedy such conditions.