Phase I Environmental Report definition

Phase I Environmental Report means a report prepared for a real estate holding which identifies potential or existing environmental contamination liabilities.

Examples of Phase I Environmental Report in a sentence

Fostering Détente in Europe The Community’s advances vis-à-vis Communist China provoked more contacts between the EC and the Soviet bloc.

Applicant must obtain an updated Phase I Environmental Report for the Project.

The PILOT Recipient must submit Phase I Environmental Report (“Environmental Report”) with no recognized environmental conditions, for any real property being included in a Lease Agreement, unless waived by the EDGE Board, dated no more than three (3) months prior to the first Lease Agreement closing on developed real property or six (6) months prior to the first Lease Agreement closing on undeveloped real property.

Phase I Environmental Report Date Environmental Report; Physical Risk Report The date of the phase I Environmental Report, as stated in the Environmental Report; or “N/A” (Physical Risk Report), if an Environmental Report was not included in the Loan File.

Landlord shall, provided no Event of Default has occurred and is continuing, Landlord shall, upon receipt of a bill, along with reasonable substantiation thereof, promptly reimburse Tenant for the reasonable out-of-pocket costs incurred in the preparation of the Phase I Environmental Report.


More Definitions of Phase I Environmental Report

Phase I Environmental Report means a report prepared at the expense of the Person desiring to contribute such property, 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 had not less than five years experience in such matters which indicates such property is in compliance with applicable Environmental Laws and that there are no circumstances present at such property relating to the use, management or disposal of any hazardous substances, hazardous materials, hazardous wastes or petroleum based materials for which investigation, testing, monitoring, containment, clean up or remediation could be required under any Federal, state or local law or regulation.
Phase I Environmental Report. A report similar in form and substance to a "phase I" report, as described in, and meeting the criteria of, (i) Chapter 5 of the Federal National Mortgage Association Multifamily Guide or any successor provisions covering the same subject matter, in the case of Specially Serviced Mortgage Loans as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loans as to which the related Mortgaged Property is a non-multifamily property.
Phase I Environmental Report means that certain phase I environmental report delivered to Lender with respect to the Property.
Phase I Environmental Report means that certain Environmental Report dated October ____, 2000 prepared in connection with the Project.
Phase I Environmental Report means that certain Phase I Environmental Site Assessment with respect to the Property, dated September 26, 2013, and prepared by EMG Corp.
Phase I Environmental Report means a report prepared at the expense of the Person desiring to contribute such property, 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 had not less than five years experience in such matters which indicates such property is in compliance with applicable Environmental