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. 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. Buyer □may □may not terminate this Agreement if the Property lies in an NFIP designated flood 147 hazard area.
Flood Area. Prior to the initial Advance of each Interim Construction Loan, the Borrower shall deliver to the Lender evidence satisfactory to the 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, the 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 for~n and substance satisfactory to the Lender.
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. The Borrower shall have either furnished to the Original Purchaser evidence that the real estate comprising the Project is not located in a flood hazard area as defined under the Flood Disaster Protection Act of 1973 and the National Flood Insurance Act of 1968 or furnished to the Original Purchaser evidence of flood insurance coverage, with a standard mortgagee endorsement in favor of the
Flood Area. The Project is located in or on an “area of special flood hazard,” as that term is defined in the National Flood Insurance Act of 1968.
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.
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.
