Phase I Environmental Report definition

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.
Phase I Environmental Report means a report prepared for a real estate holding which identifies potential or existing environmental contamination liabilities.
Phase I Environmental Report means the existing phase I environmental assessment report prepared by URS Canada Inc. dated November, 2004.

Examples of Phase I Environmental Report in a sentence

  • Phase I Environmental Report Date Environmental Report The date of the report, as stated in the Environmental Report.

  • 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.

  • Final Phase I Environmental Report, Disposal of Chemical Agents and Munitions Stored at Pine Bluff Arsenal, Pine Bluff, Arkansas.

  • Environmental Conditions The Phase I Environmental Report is dated more than 12 months from the scheduled Closing Date of September 2006.


More Definitions of Phase I Environmental Report

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 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 whether such property is in compliance with applicable Environmental Laws and whether there are any 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 means a Phase I Environmental Site Assessment Report, in form and substance satisfactory to Lender.
Phase I Environmental Report means that certain Environmental Report dated October ____, 2000 prepared in connection with the Project.
Phase I Environmental Report means, collectively, the environmental reports attached to this Agreement as Exhibit 2;
Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current ASTM standards (and which will include radon and asbestos assessments) imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.
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