Xxxxx Insurance. The failure to comply with, attempting to comply with, or compliance with the provisions of the National Flood Insurance Act of 1968 as amended or any similar federal, state or local laws.
Xxxxx Insurance. The Flood Disaster Protection Act of 1973, as amended, 42 U.S.C. 4001 et seq., provides that no Federal financial assistance to acquire, modernize, or construct property may be provided in communities in the United States identified as flood -prone , unless the community participates in the National Flood Insurance Program and flood insurance is purchased within 1 year of the identification. The flood insurance purchase requirement applies to both public and private applicants for the DOL support. Lists of flood-prone areas that are eligible for flood insurance are published in the Federal Register by FEMA.
Xxxxx Insurance. In the event that any of the Property is located in an area identified by the Federal Emergency Management Agency (“FEMA”) as having special flood hazards Developer warrants and represents to GLO and the GLO that:
(i) Such area is participating in the National Flood Insurance Program or less than one (1) year has passed since FEMA notification regarding such hazards; and
(ii) Developer will obtain flood insurance, in an amount and form satisfactory to GLO, in accordance with GLO or HUD guidelines, for the Property that is located in the special flood hazard area and those areas must have all finished ground floor elevations at least one foot above the flood plain and parking and drive areas not be any lower than six inches below the floodplain. Developer warrants that it will maintain the flood insurance for the term of the Grant.
Xxxxx Insurance. (a) Under the Flood Disaster Protection Act of 1973 (42 U.S.C. 4001-4128), CDBG Funds may not be used with respect to the acquisition, new construction, or rehabilitation of a project located in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards, unless:
(1) The community in which the area is situated is participating in the National Flood Insurance Program (see 44 CFR parts 59 through 79), or less than a year has passed since FEMA notification regarding such hazards; and
(2) Flood insurance is obtained as a condition of approval of the commitment.
(b) The Borrower of a Project located in an area identified by FEMA as having special flood hazards are responsible for assuring that flood insurance under the National Flood Insurance Program is obtained and maintained.
Xxxxx Insurance. Xxxx’x shall maintain at all times, in full force and effect for the benefit of The Lion as an additional insured and itself, general liability insurance coverage, applicable to the Products, including broad form vendor’s coverage and product liability insurance in an amount not less than Two Million ($2,000,000.00) Dollars. Xxxx’x shall furnish The Lion with a certificate of insurance evidencing that it has such insurance coverage upon the execution of this Agreement and furnish The Lion with evidence of such insurance coverage on an annual basis thereafter. Such policy shall provide that it cannot be changed or cancelled without at least thirty (30) days’ prior written notice to The Lion and Xxxx’x agrees to provide such notice to The Lion before seeking to change or cancel such insurance policy.
Xxxxx Insurance. Flood insurance is not required at this time. It may be required in the future should the property be included in an updated flood plain map. If required in the future, I may obtain flood insurance from anyone I want that is reasonably acceptable to you.
Xxxxx Insurance. The property is not located in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards unless:
(i) The area participates in the National Flood Insurance Program; and
(ii) Flood insurance is obtained.
Xxxxx Insurance. Sharp, at its sole cost and expense, shall insure its activities in connection with this Agreement and obtain, keep in force and maintain the following insurance: (a) professional liability insurance with limits of at least $1,000,000 per occurrence and $3,000,000 in the annual aggregate; and (b) commercial general liability insurance with limits of at least $1,000,000 per occurrence and $3,000,000 in the annual aggregate.
Xxxxx Insurance. Consistent with the Flood Disaster Protection Act of 1973 (42 USC 4001-4128), the Contractor agrees that CDBG funds shall not be expended for acquisition or construction in an area identified by the Federal Emergency Management Agency (FEMA) as having special flood hazards (representing the 100-year floodplain). Exceptions will be made if the community is participating in the National Flood Insurance Program or less than a year has passed since FEMA notification and flood insurance has been obtained in accordance with section 102(a) of the Flood Disaster Protection Act of 1973.
