Transaction Screen definition

Transaction Screen means an Environmental Investigation pursuant to the most recently adopted standard practice for limited environmental due diligence established by ASTM International, currently ASTM E1528-22. The basic elements of a Transaction Screen include: (1) an interview with the owner or operator of the Property; (2) a visit to the Property; (3) completion of both environmental questionnaires A and B, and (4) a review of government records and historical sources. Additionally, SBA requires that an Environmental Professional supervise the site reconnaissance and conclude either (a) the risk of Contamination at the site is so minimal that no further investigation is warranted; or (b) there is risk sufficient to warrant additional investigation. Alternatively, the Environmental Professional may include a similar statement to this effect. If further investigation is warranted, the Environmental Professional should provide a detailed description of the recommendation. A Transaction Screen may be considered if it was completed up to 1 year prior to submission.
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Transaction Screen means an Environmental Investigation pursuant to the most recently adopted standard practice for limited environmental due diligence established by ASTM International, currently ASTM E1528-14. The basic elements of a Transaction Screen include:
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Transaction Screen means an Environmental Investigation pursuant to the most recently adopted standard practice for limited environmental due diligence established by ASTM International, currently ASTM E1528-06. The basic elements of a Transaction Screen include: (1) an interview with the owner or operator of the Property; (2) a visit to the Property; (3) completion of an environmental questionnaire, and (4) a review of government records and historical sources. Additionally, SBA requires that an Environmental Professional supervise the site reconnaissance and conclude either
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Examples of Transaction Screen in a sentence

  • Upon completion of such Transaction Screen, such consultant shall deliver to Buyer and Seller a written report with respect thereto.

  • Each party shall notify the other party in writing (the "Remediation Notice") within 10 days of learning of any potential material liabilities under any Environmental Laws with respect to a parcel of Fee Realty included in the Transferred Assets, but in no event later than the 10th day following receipt of the related Transaction Screen.

  • In addition, if the Company so directs, the Servicer shall cause to be commissioned with respect to such Mortgaged Property (i) a Transaction Screen Process consistent with ASTM Standard E 1528-06, by an environmental professional or (ii) such other site inspects and assessments, whether there are any actual or threatened Environmental Hazards (a “Site Assessment”) prepared by a Person who regularly conducts environmental audits using customary industry standards.

  • The transaction screen questionnaire in ASTM Standard E 1528-93 Environmental Site Assessments: Transaction Screen Process will be used during the interviews.

  • Transaction Screen may be considered if it was completed up to one year prior to submission.

  • Transaction Screen Assessment for each of the Properties prepared by Environmental Consulting & Technology, Inc.

  • The Participating Tribe will cooperate with the Buy-Back Program and provide any information in its possession necessary to assist with the environmental due diligence reviews required (pursuant to Department of the Interior Manual Part 602, Chapter 2 Real Property Pre-Acquisition Environmental Site Assessments, and the American Society for Testing and Materials E1528-14 Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process) for the acquisition of restricted fee interests.

  • Notwithstanding the foregoing, and anything herein to the contrary notwithstanding, Tenant shall have no obligation to indemnify Landlord for or with respect to any Hazardous Materials that are or were present on or before the Term Commencement Date, including without limitation those that are referred to or described in the "Citizens Transaction Screen Assessment" dated May 6, 2004 prepared by GeoInsight, Inc.

  • The Lender shall have received from the Borrower a certified environmental report regarding the Real Property of the Borrower prepared in accordance with "Standard Practices for Environmental Site Assessments : Transaction Screen Questionnaire" and "Phase I Environmental Assessment," both published by the American Society of Testing and Materials.

  • Subject to the approval of the Administrative Agent, an environmental assessment conforming to the standards of the ASTM "Standard Practice for Environmental Site Assessments: Transaction Screen Process" (ASTM 1528) may be substituted for the environmental assessment required by the preceding sentence.