Phase I definition
Examples of Phase I in a sentence
If a Phase I indicates that a Phase II is required or recommended to be performed, then Buyer may commission, at B▇▇▇▇’s cost and expense and with the prior consent of Commnet, a Phase II environmental assessment, including environmental media sampling (a “Phase II”), of such Portfolio Site (other than Excluded Sites).
The “Retail Products” to be delivered and sold by Seller and received and purchased by Buyer under this Agreement is “all requirements”, including Energy, Ancillary Services, Renewable Energy Credits and all other necessary services to effectuate the delivery of all services herein, in accordance with the terms hereof, in an amount equal to the full electric service demand of the Project, not to exceed the maximum capacity for each of Phase I or Phase II following the completion of each Phase.
Buyer may order a Phase I environmental site assessment or other noninvasive environmental investigation or assessments for the Property.
Seller shall pay the costs of the Survey, any insurance consultant review or reports, any zoning reports, any property condition reports, any Phase I environmental assessments and any Phase II environmental assessments (if required), any seismic reports or studies, and any appraisal reports obtained by Buyer or obtained by Seller on behalf of Buyer with respect to the Property (it being agreed that Buyer may order any or all of such reports directly from the applicable vendors selected by Buyer).
Special Advisor shall forfeit and lose all entitlement to any portion of the Phase I Bonus or Phase II Bonus that had not been paid prior to the date the Consulting Agreement is terminated; provided, however, that for purposes of this Section 6.e.ii.2. only, Cause shall be limited to Special Advisor’s breach of the restrictive covenants incorporated into Section 5 of the Separation Agreement and General Release.