Flood Plain Sample Clauses
The Flood Plain clause defines the responsibilities and disclosures related to whether a property is located within a designated flood plain area. Typically, this clause requires the seller to inform the buyer if the property is in a flood-prone zone, which may affect insurance requirements or future development. By clarifying these obligations, the clause helps buyers assess potential risks and costs associated with flood hazards, ensuring transparency and informed decision-making in the transaction.
POPULAR SAMPLE Copied 1 times
Flood Plain. Lender shall have received reasonably satisfactory evidence indicating which of the Real Property Assets are in a flood plain.
Flood Plain. If the Premises is located in a 100-year old flood plain as represented by FEMA it must be made known to the Tenant as part of this Agreement. With the Tenant’s signature on this Agreement, they acknowledge that the Landlord has informed them of this fact.
Flood Plain. Buyer(s) to obtain flood plain verification. If Buyer(s) does not approve the results of the flood plain verification, Buyer(s) has the option to terminate this Purchase Agreement.
Flood Plain. The Mortgaged Property is not located in an area identified by the Federal Emergency Management Agency as an area having special flood hazards, except as disclosed on the Surveys or if located in such area, that status has been disclosed to Administrative Agent and does not unreasonably impair the value of the subject Mortgaged Property.
Flood Plain. Evidence that (a) no portion of the Property is located in an area designated by the Secretary of Housing and Urban Development as having special flood hazards, or if any portion of the Property is so located, evidence that adequate flood insurance is in effect; and (b) no portion of the Property is located in a federally, state or locally designated wetland or other type of government protected area.
Flood Plain. No portion of the Premises is located within any designated flood plain or special flood hazard area, or if the Land is in flood hazard area, and Master Tenant has approved same (such approval being in the sole and absolute discretion of Master Tenant), Landlord has executed Master Tenant’s Notice of Flood Hazard Area and/or such other documentation required by Master Tenant, and Landlord has obtained and will maintain flood insurance coverage for the Premises as otherwise specified herein.
Flood Plain. To Landlord’s Knowledge, no portion of the Land is located within a special flood hazard area as documented in the “Department of Housing and Urban Development, Federal Insurance Administration Special Flood Hazard Area Maps.”
Flood Plain. The site is not located within the limits of a 100-year floodplain and will not include any new regional drainage improvements. No on-site retention is anticipated.
Flood Plain. No Lots or Single Family Houses shall be located within the 100-year flood plain.
Flood Plain. To Seller's knowledge, no portion of the Real Property is located in a flood plain or in an area defined as a wetland under applicable Legal Requirements.