Flood Area Sample Clauses
Flood Area. The federal and state governments have designated certain areas as "flood areas". This means they are more likely to have floods than other areas. If this property is in a flood area the Buyer may cancel this contract within 30 days of the signing of this contract by all parties.
Flood Area. Except as may be disclosed on the survey respecting the Real Property, to Transferor's knowledge, no portion of the Real Property is within any flood plain area as designated by the maps of the Federal Emergency Management Agency (FEMA maps) or any other governmental or quasi-governmental flood control agency.
Flood Area. The federal and state governments have designated certain areas as "flood areas." This means they are more likely to have floods than other areas. If this property is in a "flood area" normally the Buyer may obtain flood insurance. Seller makes no representation as to whether the Property is in a flood area and Buyer shall rely upon its own inspections.
Flood Area. After Beneficiary’s request, Grantor shall deliver evidence satisfactory to Beneficiary that no portion of the Improvements is situated in a federally designated “special flood hazard area.”
Flood Area. If the Property is located in an area at risk of flooding as deemed by the State of California, such disclosure must be made to the Tenant. (check one) ☐ - The Landlord has NO KNOWLEDGE of the Property being in a special flood hazard area or an area at risk of potential flooding. ☐ - The Landlord IS AWARE and discloses to the Tenant that the Property is in a flood hazard area and an area that has a high risk of potential flooding. Under California law, the Landlord can declare they have actual knowledge of a flooding hazard on the Property if one of the following is true: o The Landlord currently holds flood insurance on the Property; o The Landlord has received notice from a local, state, or federal agency that the Property is located in a special flood area or an area exposed to potential flooding; or
Flood Area. Prior to the initial Advance of each Interim Construction Loan Borrower shall deliver to Lender evidence satisfactory to Lender that the Improvements covered thereby will not be situated in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards. Should it be determined, however, that any of the Improvements are to be situated in an area identified as having special flood hazards, and if Lender agrees to waive such requirement, Lender may require flood insurance with maximum limits of coverage and may require that the full premium thereof be paid in full prior to any advance hereunder. The flood insurance policy or policies shall all be in form and substance satisfactory to Lender.
Flood Area. Buyer _may may not terminate this Agreement if the Property lies in an 109 NFIP designated flood hazard area. 110
Flood Area. The federal and state governments have designated certain areas as "flood areas." Seller and Buyer acknowledge that the Property is located in a flood area. See Exhibit A. Buyer shall secure its own flood insurance at its option.
Flood Area. The parties are aware that certain federal and state governmental authorities may have designated areas within the State of New Jersey as "flood areas", which means such areas are more likely to have, incur, suffer and/or be subject to floods or flooding. If the Buyer determines that the Property has been designated by any federal or state governmental authorities to be located in a "flood area", the Buyer may cancel this Contract upon written notice to the Seller within thirty (30) days of the Date of this Contract, with delivery thereof in accordance with the notice requirements of Paragraph 35 of this Contract on or before the 30th day following the Date of this Contract. If the Buyer elects to cancel this Contract under the terms of this Paragraph 17 within such time period and in the manner so specified above, this Contract shall be null and void and of no further force and effect, and any and all Deposit monies, including any and all interest accrued thereon, shall be returned to the Buyer. Should the Buyer have the right to cancel this Contract under this Paragraph 17, but elects not to so cancel this Contract under the terms hereof, it shall be deemed that the Buyer has waived any and all of the conditions, claims and/or rights to cancel this Contract under the terms of this Paragraph 17, and this Contract shall remain in full force and effect.
Flood Area. The Project will not be located in or on an “area of special flood hazard,” as that term is defined in the National Flood Insurance Act of 1968.