Common use of Flood Certificates Clause in Contracts

Flood Certificates. A current certification from a registered engineer or land surveyor or other evidence acceptable to the Agent with respect to each Existing Property as to whether any of the improvements on such Existing Property are located within any area designated by the Director of the Federal Emergency Management Agency as a "special flood hazard" area and if any improvements on the Existing Properties are located within a "special flood hazard" area, evidence of a flood insurance policy from a company and in an amount satisfactory to the Agent for the applicable portion of the premises, naming the Agent, for the benefit of the Lenders, as mortgagee.

Appears in 1 contract

Sources: Credit Agreement (Integrated Living Communities Inc)

Flood Certificates. A current certification from a registered engineer or land surveyor or other evidence acceptable to the Agent with respect to each Existing Property as to whether any of the improvements on such Existing the New Property are located within any area designated by the Director of the Federal Emergency Management Agency as a "special flood hazard" area and if any improvements on the Existing Properties such parcel are located within a "special flood hazard" area, evidence of a flood insurance policy from a company and in an amount satisfactory to the Agent for the applicable portion of the premises, naming the Agent, for the benefit of the Lenders, as mortgagee.

Appears in 1 contract

Sources: Credit Agreement (Integrated Living Communities Inc)

Flood Certificates. A current certification from a registered engineer or land surveyor or other evidence acceptable to the Agent Bank with respect to each Existing Property as to whether any of the improvements on such Existing Property are located within any area designated by the Director of the Federal Emergency Management Agency as a "special flood hazard" area and if any improvements on the Existing Properties are located within a "special flood hazard" area, evidence of a flood insurance policy from a company and in an amount satisfactory to the Agent Bank for the applicable portion of the premises, naming the Agent, for the benefit of the LendersBank, as mortgagee.

Appears in 1 contract

Sources: Credit Agreement (Pluma Inc)