Common use of XXXX Events Clause in Contracts

XXXX Events. Notwithstanding anything to the contrary set forth herein, no XXXX Event may be closed until the date that is (a) if there are no Collateral Properties in a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), twenty (20) days or (b) if there are any Collateral Properties in a “special flood hazard area”, sixty (60) days, after the Administrative Agent has delivered to the Lenders the following documents in respect of such Property: (i) a completed flood hazard determination from a third party vendor; (ii) if such Property is located in a “special flood hazard area”, (A) a notification to the applicable Loan Parties of that fact and (if applicable) notification to the applicable Loan Parties that flood insurance coverage is not available and (B) evidence of the receipt by the applicable Loan Parties of such notice; and (iii) if required by applicable Flood Laws, evidence of required flood insurance with respect to which flood insurance has been made available under applicable Flood Laws; provided that any such XXXX Event may be closed prior to such period expiring if the Administrative Agent shall have received confirmation from each Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction.

XXXX Events. Notwithstanding anything to the contrary set forth herein, no XXXX Event may be closed until the date that is (a) if there are no Collateral Mortgaged Real Properties in a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), twenty ten (2010) days Business Days or (b) if there are any Collateral Mortgaged Real Properties in a “special flood hazard area”, sixty thirty (6030) days, after the Collateral Agent as the Administrative Agent has delivered to the Lenders the following documents in respect of such Propertyreal property: (i) a completed flood hazard determination from a third party vendor; (ii) if such Property real property is located in a “special flood hazard area”, (A) a notification to the applicable Loan Parties Borrower or any of its Subsidiaries of that fact and (if applicable) notification to the applicable Loan Parties Borrower or any Subsidiary, as applicable, that flood insurance coverage is not available and (B) evidence of the receipt by the applicable Loan Parties Borrower or any Subsidiary, as applicable, of such notice; and (iii) if required by applicable Flood Insurance Laws, evidence of required flood insurance with respect to which flood insurance has been made available under applicable Flood Insurance Laws; provided that any such XXXX Event may be closed prior to such period expiring if the Administrative Agent and the Collateral Agent shall have received confirmation from each Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction.

XXXX Events. Notwithstanding anything to the contrary set forth herein, no XXXX Event may be closed until the date that is (a) if there are no Collateral Mortgaged Real Properties in a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), twenty ten (2010) days Business Days or (b) if there are any Collateral Mortgaged Real Properties in a “special flood hazard area”, sixty thirty (6030) days, in each case, after the Administrative Agent has delivered to the Lenders the following documents in respect of such Propertyreal property: (i) a completed flood hazard determination from a third party vendor; (ii) if such Property real property is located in a “special flood hazard area”, (A) a notification to the applicable Loan Parties of that fact and (if applicable) notification to the applicable Loan Parties that flood insurance coverage is not available and (B) evidence of the receipt by the applicable Loan Parties of such notice; and (iii) if required by applicable Flood Insurance Laws, evidence of required flood insurance with respect to which flood insurance has been made available under applicable Flood Insurance Laws; provided that any such XXXX Event may be closed prior to such period expiring if the Administrative Agent shall have received confirmation from each Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction.

XXXX Events. Notwithstanding anything to the contrary set forth contained herein, no XXXX Event may be closed until the date that is (a) if there are no Collateral Properties in subject to a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), twenty (20) days or (b) if there Mortgage and such Properties are any Collateral Properties not in a “special flood hazard area”, sixty ten (6010) daysBusiness Days or (b) if there are any Properties subject to a Mortgage and such Properties are in a “special flood hazard area”, thirty (30) days (in each case, the “Notice Period”), after the Administrative Agent has delivered to the Lenders the following documents in respect of such Property: (i) a completed flood hazard determination from a third party vendor; (ii) if such Property is located in a “special flood hazard area”, (A) a notification to the applicable Loan Credit Parties of that fact and (if applicable) notification to the applicable Loan Credit Parties that flood insurance coverage is not available and (B) evidence of the receipt by the applicable Loan Credit Parties of such notice; and (iii) if required by applicable Flood Laws, evidence of required flood insurance with respect to which flood insurance has been made available under applicable Flood Lawsinsurance; provided that any such XXXX Event may be closed prior to such period expiring the Notice Period if the Administrative Agent shall have received confirmation from each applicable Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction.

XXXX Events. Notwithstanding anything to the contrary set forth herein, no XXXX Event may be closed until the date that is (a) if there are no Collateral Mortgaged Real Properties in a “special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), twenty ten (2010) days Business Days or (b) if there are any Collateral Mortgaged Real Properties in a “special flood hazard area”, sixty thirty (6030) days, after the Administrative Agent has delivered to the Lenders the following documents in respect of such Propertyreal property: (i) a completed flood hazard determination from a third party vendor; (ii) if such Property real property is located in a “special flood hazard area”, (A) a notification to the applicable Loan Parties of that fact and (if applicable) notification to the applicable Loan Parties that flood insurance coverage is not available and (B) evidence of the receipt by the applicable Loan Parties of such notice; and (iii) if required by applicable Flood Insurance Laws, evidence of required flood insurance with respect to which flood insurance has been made available under applicable Flood Insurance Laws; provided that any such XXXX Event may be closed prior to such period expiring if the Administrative Agent shall have received confirmation from each Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction.