Flood Searches Sample Clauses

Flood Searches. The Administrative Agent shall have received a standard flood hazard determination form for the real property located at 000 Xxxxxxx Xxxxxx, Xxxxxxxxxx, XX, executed by Borrower, if applicable, prepared by a flood determination company selected by the Administrative Agent stating whether or not any portion of such real property is in a federally designated special flood hazard area.
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Flood Searches. The Administrative Agent shall have received a com- pleted “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property and, if any such Mortgaged Property is located in a special flood hazard area (x) a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower and (y) evidence of flood insurance to the extent required pursuant to the Credit Agreement.
Sample 1
Flood Searches. The Administrative Agent, the Collateral Agent and the Lenders shall have received a certificate of the Borrower that no Building/Manufactured Home is subject to the Deed of Trust or, if any such Building/Manufactured Home is subject to the Deed of Trust, a completed “life of loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect thereto. If any such mortgaged Building/Manufactured Home is located in a special flood hazard area, a notification to Borrower shall be delivered (the “Borrower Notice”) and (if applicable) the Borrower Notice shall include notification to Borrower that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community does not participate in the NFIP. If the Borrower Notice is required to be given, the Administrative Agent, the Collateral Agent and the Lenders shall receive documentation evidencing Borrower’s receipt of the Borrower Notice (e.g., countersigned Borrower Notice, return receipt of certified U.S. Mail, or overnight delivery) and if the Borrower Notice is required to be given and flood insurance is available in the community in which the applicable portion of the Project is located, the Administrative Agent, the Collateral Agent and the Lenders shall receive evidence of flood insurance as requested by the Lenders in an amount acceptable to the Required Lenders (acting reasonably) and in an amount sufficient to comply with all applicable Flood Insurance Regulations.
Sample 1
Flood Searches. Flood hazard determinations indicating that none of the Premises are 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 a Flood Hazard Area;
Sample 1

Related to Flood Searches

  • Searches Before the Closing Date, and thereafter (as and when determined by Agent in its discretion), Agent shall have the right to perform, all at Borrowers’ expense, the searches described in clauses (a), (b), and (c) below against Borrowers and any other Credit Party, the results of which are to be consistent with Borrowers’ representations and warranties under this Agreement and the satisfactory results of which shall be a condition precedent to all advances of Loan proceeds: (a) UCC searches with the Secretary of State of the jurisdiction in which the applicable Person is organized; (b) judgment, pending litigation, federal tax lien, personal property tax lien, and corporate and partnership tax lien searches, in each jurisdiction searched under clause (a) above; and (c) searches of applicable corporate, limited liability company, partnership and related records to confirm the continued existence, organization and good standing of the applicable Person and the exact legal name under which such Person is organized.

  • Lien Searches The Administrative Agent shall have received the results of a recent lien search in each of the jurisdictions where assets of the Loan Parties are located, and such search shall reveal no liens on any of the assets of the Loan Parties except for liens permitted by Section 6.02 or discharged on or prior to the Effective Date pursuant to a pay-off letter or other documentation satisfactory to the Administrative Agent.

  • Survey Buyer may obtain a survey of the Property before the Closing to assure that there are no defects, encroachments, overlaps, boundary line or acreage disputes, or other such matters, that would be disclosed by a survey ("Survey Problems"). The cost of the survey shall be paid by the Buyer. Not later than business days prior to the Closing, Buyer shall notify Seller of any Survey Problems which shall be deemed to be a defect in the title to the Property. Seller shall be required to remedy such defects within If Seller does not or cannot remedy any such defect(s), Buyer shall have the option of canceling this Agreement, in which case the Xxxxxxx Money shall be returned to Buyer.

  • UCC Search The results of a Uniform Commercial Code search showing all financing statements and other documents or instruments on file against the Borrower in the office of the Secretary of State of Texas, such search to be as of a date no more than ten (10) days prior to the date of the initial Advance or the Letter of Credit;

  • Surveys Each Borrower shall submit the Ship owned by it regularly to all periodical or other surveys which may be required for classification purposes and, if so required by the Security Trustee provide the Security Trustee, with copies of all survey reports.

Most Referenced Clauses

Most Referenced Definitions