Xxxxx Zone (AE) Sample Clauses

Xxxxx Zone (AE). The Project is located in a Flood Zone (Zone AE) per the City and County of Honolulu and as such, federal flood insurance may be required for the Project and/or the individual units in the Project. Location in a flood zone exposes the Project to a greater risk of flood damage. Seller intends to obtain a FEMA Flood Map exemption as a result of raising the ground level entrances into the Tower and exceeding the minimum floor elevation applicable to the Land, but Seller cannot assure that Seller will be able to obtain such FEMA Flood Map exemption. If Seller does not obtain the exemption, then federal flood insurance may be required.
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