Flood Hazard Area Clause Samples
The Flood Hazard Area clause defines whether a property is located within a designated flood hazard zone, as determined by relevant governmental authorities or flood maps. This clause typically requires disclosure of the property's flood zone status and may obligate the seller to provide documentation or notify the buyer if the property is subject to flood insurance requirements. Its core function is to ensure that buyers are aware of potential flood risks and related insurance obligations, thereby promoting transparency and helping buyers make informed decisions about the property.
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Flood Hazard Area. Mortgagor represents that neither the Premises nor any part thereof is located in an area identified by the Secretary of the United States Department of Housing and Urban Development or by any applicable federal agency as having special flood hazards or, if it is, Mortgagor has obtained the insurance required by Section 1.09.
Flood Hazard Area. Grantor represents that neither the Premises nor any part thereof is located in an area identified by the Secretary of the United States Department of Housing and Urban Development or by any applicable federal agency as having special flood hazards or, if it is, Grantor has obtained the insurance required by Section 1.09.
Flood Hazard Area. Except as disclosed in SCHEDULE I, to the Knowledge of the Sellers, no portion of the Real Property is located in a flood hazard area as designated by a Governmental Authority or is subject to any flood hazard restrictions or fill regulations of any Governmental Authority.
Flood Hazard Area. To Seller's Knowledge, no portion of any Leased Real Property is located in a flood hazard area (as defined by the Federal Emergency Management Agency) that requires federal flood hazard insurance or any permits, licenses, variances, approvals and authorizations for the occupancy or use of such Real Property for the operation of the Purchased Assets.
Flood Hazard Area. Except as shown on the Surveys, no portion of the Property is located within any flood plain or flood prone area.
Flood Hazard Area. No portion of the Subject Property is located in an area identified as a special flood hazard area by the Federal Emergency Management Agency or other applicable agency.
Flood Hazard Area. BOUNDARY LINES:.................................................... 11 18. NOTICES:...........................................................
Flood Hazard Area. The Controlled Properties are not located in an area identified by the Secretary of Housing and Urban Development as an area having special flood hazards pursuant to the terms of the National Flood Insurance Act of 1968, or the Flood Disaster Protection Act of 1973, as amended. If after the date hereof the area in which the Controlled Properties are located is identified or designated as such an area, Borrowers will obtain and maintain insurance against damage or loss by flood on such basis and in such amounts as shall be required from time to time by Lender.
Flood Hazard Area. 4 Section 1.02. (a) Further Assurances.............................5 (b)
Flood Hazard Area. No representation is made as to whether the Property is located in a Special Flood Hazard Area. Purchaser is solely responsible for determining if the Property is in a Special Flood Hazard Area.