Phase I Environmental Site Assessment definition

Phase I Environmental Site Assessment is an assessment of the environmental condition of the Property performed in accordance with the American Society of Testing and Materials (ASTM) Standard E1527-05 “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process,” or any successor to such ASTM Standard which is active at the time of the assessment.

Phase I Environmental Site Assessment means an investigation of the existing and past uses of a site for the purpose of identifying all potential areas of concern at a site at which substances may have been Released to the environment.

Phase I Environmental Site Assessment means an assessment of a site to identify potential or known areas of envi- ronmental contamination. This assessment may include review- ing records, interviewing persons, and conducting physical inspections of the site.

Examples of Phase I Environmental Site Assessment in a sentence

• The Phase I Environmental Site Assessment must fully address all recommendations of the Qualified Environmental Professional.

• AAI, typically met by conducting a Phase I Environmental Site Assessment using the ASTM E1527-13 (or ASTM E2247-16) standard practice, must be conducted or updated within one year prior to the date the property is acquired (i.e., the date on which the entity takes title to the property).

• The Requesting Party shall be required, at its sole cost and expense, to have a Phase I Environmental Site Assessment (“Phase I ESA”) conducted on any such property which may be legally relied upon by NMPC and which shall be reviewed and approved by NMPC prior and as a condition to transfer.

• A Phase I Environmental Site Assessment (ESA) has been conducted on the property.

• In addition, certain aspects of the AAI or Phase I Environmental Site Assessment must be updated, prior to property acquisition, if the activities were conducted more than six months prior to the date of acquisition.• The owner must not be liable in any way for contamination at the site or affiliated with any other person potentially liable for the contamination.

More Definitions of Phase I Environmental Site Assessment

Phase I Environmental Site Assessment or “Phase I” means an investigation performed in accordance with ASTM International’s Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process (E 1527), as amended.

Phase I Environmental Site Assessment is defined in Section 4.2.

Phase I Environmental Site Assessment has the meaning set forth in Section 5.05.

Phase I Environmental Site Assessment. (Phase I ESA) means an AAI compliant Phase I ESA conducted by an Environmental Professional in accordance with the most recently adopted standard for a Phase I ESA established by ASTM International, currently ASTM E1527-21. (See also 40 CFR § 312.20.)

Phase I Environmental Site Assessment means a Phase I environmental property assessment of the Assets that satisfies the basic assessment requirements set forth under the current ASTM International Standard Practice for Environmental Site Assessments (Designation E1527-13). For the avoidance of doubt, a Phase I Environmental Site Assessment does not include soil or groundwater sampling or subsurface or other invasive testing of any kind.

Phase I Environmental Site Assessment means a Phase I environmental property assessment of the Assets that satisfies the basic assessment requirements set forth under the current ASTM International Standard Practice for Environmental Site Assessments (Designation E1527-13) or any other visual site assessment or review of records, reports or documents.

Phase I Environmental Site Assessment means a Phase I environmental property assessment of the Oil and Gas Assets that satisfies the basic assessment requirements set forth under the current ASTM International Standard Practice for Environmental Site Assessments (Designation E1527-13).