Flood Certification Clause Samples
A Flood Certification clause requires verification of whether a property is located within a designated flood zone. Typically, this involves obtaining an official flood certification report from a recognized authority, which may impact the need for flood insurance or affect loan approval. The core function of this clause is to ensure that all parties are aware of flood risks associated with the property, thereby managing risk and compliance with lender or regulatory requirements.
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Flood Certification. Evidence satisfactory to Lender that the Plant is not located in the flood plain.
Flood Certification. A flood certification report covering the Premises;
Flood Certification. The Seller shall transfer to the Purchaser a “Life-of-Loan” flood certification with Flood Data Service, Inc. relating to each Mortgage Loan or pay to Purchaser a $ 9.00 per loan fee which fee shall be deducted from the Purchase Price on the Purchaser Price Payment Date.
Flood Certification. Borrower shall deliver to Agent a Federal Emergency Management Agency ("FEMA") Form 81-93, the Standard Flood Hazard Determination Form, certifying that the Real Estate is not located in a flood plain zone.
Flood Certification. Evidence satisfactory to Lender that the Project is not located in the flood plain.
Flood Certification. Borrowers shall deliver to Agent a Standard Flood Hazard Determination Form certifying that the San Diego Property is not located in a flood plain zone.
Flood Certification. Lender, at Borrower's expense, shall obtain a flood certification from a third party.
Flood Certification. The Administrative Agent shall have received a completed “Life-of-Loan” Federal Emergency Management Agency standard flood hazard determination with respect to each Mortgaged Property (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower and each Loan Party relating thereto). For purposes of determining compliance with the conditions specified in this Section 3, each Lender that has executed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Amendment Effective Date specifying its objection thereto.
Flood Certification. Evidence that no portion of the Premises is located in a special flood hazard area as identified by HUD or, if it is so located, that appropriate insurance coverage has been obtained.
Flood Certification. Administrative Agent, at Borrower’s expense, shall obtain a flood certification from a third party and a signed notice to Borrower, if applicable.