Phase I Environmental Audit definition

Phase I Environmental Audit means an evaluation of real property for purposes of environmental analysis performed solely on the basis of historical records without invasive sampling or drillings from such property.

Phase I Environmental Audit means a phase-I environmental audit for certain Subprojects to be carried out by a Participating Entity according to the procedures specified in the Environmental Framework;

Phase I Environmental Audit means a report prepared by an Environmental Consultant in accordance with the requirements of standard Z768-01, “Phase I Environmental Site Assessment”, published by the Canadian Standards Association, as amended, at the date of the Phase I Environmental Audit;

Examples of Phase I Environmental Audit in a sentence

• In addition to the above requirements, the Phase I Environmental Audit shall include a review of recorded land title records for the purpose of determining whether the real property is subject to an environmental land use restriction such as a No Further Remediation Letter, Environmental Land Use Control, or Highway Authority Agreement.

• Phase I Environmental Audit as part of the “due diligence” to protect against liability exposure under Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).

• CONTAMINATION ISSUES: The submitted Phase I Environmental Audit did not identify a history of on-site contamination, nor were any obvious signs of contamination observed on site inspections.

• The Petitioner presented the following exhibits: Petitioner Exhibit 1 – Real Estate Appraisal dated October 11, 1995, Petitioner Exhibit 2 – Summary Appraisal report dated February 4, 2005, Petitioner Exhibit 3 – Environmental Site Assessment dated May 25, 1994, Petitioner Exhibit 4 – Phase I Environmental Audit and Assessment dated July 6, 1999, Petitioner Exhibit 5 – Lease Agreement from 2001, Petitioner Exhibit 6 – Letter from IU Foundation dated August 23, 2004.

• Prior to such lands being dedicated to the Town, a Phase I Environmental Audit shall be completed by the applicant at their expense.

More Definitions of Phase I Environmental Audit

Phase I Environmental Audit means an assessment of Seller's compliance with Environmental Laws relative to the Assets consisting of examination of Seller's files and public documents, interviews of personnel of Seller and of other appropriate persons and visual inspection of the Assets. The foregoing definition shall not include or authorize any soil borings or laboratory analysis of soil or groundwater samples on or from the Assets.

Phase I Environmental Audit means that certain Phase I Environmental Site Assessment prepared by Consolidated Technologies, Inc. and dated June, 1997, a copy of which is attached hereto as Exhibit C.

Phase I Environmental Audit means a visual and documentary assessment of (a) Environmental Matters pertaining to any of the Companies and the Subsidiary, (b) the Company Property, and (c) compliance with Environmental Laws by the Companies and the Subsidiary. The Phase I Environmental Audit may include, without limitation, examination of the Companies' and the Subsidiary's files and public documents, interviews of personnel of the Companies and the Subsidiary and of other appropriate persons, visual inspection of Company Property and other properties (subject to restrictions on access), and review of NORM and asbestos surveys known to the Companies and the Subsidiary, but shall not include invasive sampling or testing.

Phase I Environmental Audit means an assessment of Seller's compliance with Environmental Laws relative to the Purchased Assets consisting of examination of Seller's files and public documents, interviews of personnel of Seller and of other appropriate persons visual inspection of the Purchased Assets and NORM surveys.

Phase I Environmental Audit means an assessment of HSRTW's compliance with Environmental Laws relative to the Ownership Interests consisting of examination of HSRTW's files and public documents, interviews of personnel and former personnel of HSRTW and of

Phase I Environmental Audit means an inspection, investigation and audit of the Properties Owned with respect to all Environmental Laws and Environmental Action Items which shall include a view of the Properties Owned, inquiry into present and past uses of the Properties Owned to the extent necessary to enable Buyer to avail itself of the so-called "Innocent Purchaser" defense contained in Section 101(35) of the Comprehensive Environmental Response, Compensation and Liability Act, review of records of the United States Environmental Protection Agency and applicable state or local environmental protection agencies, field observations, review of applicable air and water discharge permits, solid and hazardous waste disposal permits, if any, the status thereof and all requirements associated therewith, and such additional investigations (without physical sampling or analysis) as Buyer and the applicable environmental engineer or consultant shall determine are appropriate; provided, however, that at a minimum, the Phase I Environmental Audit shall be conducted in accordance with the 1993 ASTM standard promulgated therefor.

Phase I Environmental Audit. (as defined in the Illinois Environmental Protection Act) certified to Borrower and Lender and setting forth an asbestos evaluation and other environmental investigations of the Property and the areas surrounding the Property. Such testing and investigation shall be performed by an "environmental professional" (as defined in the Illinois Environmental Protection Act) acceptable to Lender in a manner satisfactory to Lender.