Common use of Flood Clause in Contracts

Flood. Flood insurance (when the Property is located in whole or in material part a designated flood plain area) in an amount similar to the amount insured by comparable golf course properties in the area. Notwithstanding the foregoing, Tenant shall not be required to participate in the National Flood Insurance Program or otherwise obtain flood insurance to the extent not available at commercially reasonable rates; provided Tenant shall give Landlord written notice thereof prior to cancelling or not obtaining any flood insurance. Tenant may opt to insure the structures only, and not the Land, subject to the approval of Landlord, in Landlord's reasonable discretion.

Flood. Flood insurance (when the Property is located in whole or in material part a designated flood plain floodplain area) in an amount similar to the amount insured by comparable golf course properties in the area. Notwithstanding the foregoing, Tenant shall not be required to participate in the National Flood Insurance Program or otherwise obtain flood insurance to the extent not available at commercially reasonable rates; provided Tenant shall give Landlord landlord written notice thereof prior to cancelling canceling or not obtaining any flood insurance. Tenant may opt to insure the structures only, and not the Land, subject to the approval of Landlord, in Landlord's reasonable discretion.

Flood. Flood insurance (when the Property is located in whole or in material part a designated flood plain area) in an amount similar to the amount insured by comparable golf course properties in the area. Notwithstanding the foregoing, Tenant Borrower shall not be required to participate in the National Flood Insurance Program or otherwise obtain flood insurance to the extent not available at commercially reasonable rates; provided Tenant Borrower shall give Landlord Lender written notice thereof prior to cancelling or not obtaining any flood insurance. Tenant Borrower may opt to insure the structures only, and not the Land, subject to the approval of LandlordXxxxxx, in LandlordXxxxxx's reasonable discretion.

Flood. Flood insurance (when the Property is located in whole or in material part a designated flood plain area) in an amount similar to the amount insured by comparable golf course properties in the area. Notwithstanding the foregoing, Tenant Borrower shall not be required to participate in the National Flood Insurance Program or otherwise obtain flood insurance to the extent not available at commercially reasonable rates; provided Tenant Borrower shall give Landlord Lender written notice thereof prior to cancelling or not obtaining any flood insurance. Tenant Borrower may opt to insure the structures only, and not the Land, subject to the approval of LandlordLender, in LandlordLender's reasonable discretion.