Examples of Elevation in a sentence
The Transferor shall be deemed to have consented and agreed to Elevation for each of the Participated Loans upon the execution of this Agreement.
The Transferee shall pay any elevation fees, transfer fees and other expenses payable in connection with an Elevation and any expenses of administering each Participated Loan prior to its Elevation Date.
In addition, the Consultant will obtain the 1% Annual Chance Stillwater Elevation Map for the area to determine if the river areas are included.
The Transferor agrees that, until the Elevation of each Participated Loan has been completed, it shall hold title to each of the Participated Loans for the benefit of Transferee and it shall exercise the same duty of care in the administration and enforcement of each such Participated Loan that it would exercise if it held the Participated Loans solely for its own account, but in any event, no less than a commercially reasonable standard of care.
Conditional Letter of Map Revision (CLOMR), Letter of Map Revision (LOMR), or No-Rise Certification is not anticipated to be required because the City of Xxxxxx Valley is the participating entity in the National Flood Insurance Program, and has deemed that the proposed maintenance ramps will not have an adverse impact on the Base Flood Elevation.