Phase I Environmental Site Assessment definition
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.