Flood Determination definition

Flood Determination as defined in Section 6.9(b).
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Flood Determination shall have the meaning set forth in Section 3.1(b)(x)(B).
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Flood Determination. A Federal Emergency Management Agency Standard Flood Hazard Determination, or similar certification, related to any of the Collateral which is real property. If such real property is in a special flood hazard area (zones containing the letters “A” or “V”), a flood insurance policy shall be required in the amount of the Loan or the maximum amount of coverage available, whichever is greater, and shall contain a standard mortgagee clause designating Bank as loss payee. Borrower shall be responsible for the cost of the flood zone determination.
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Examples of Flood Determination in a sentence

  • The FEMA Flood Determination Certificate (“Flood Certificate”) that may accompany the Report, is produced by a third-party expert certified by FEMA to provide Flood Certificates.

  • The FEMA Flood Determination Certificate ("Flood Certificate"), which may accompany the Report, is produced by a third-party expert certified by FEMA to provide Flood Certificates.

  • Complete Flood Determination (Form 5-L) and return with environmental review package documents to the Program Specialist.

  • This Report may include a FEMA Flood Determination Certificate provided by a third -party.

  • Hosted within the MIP, the eLOMA platform is a web-based tool specifically for licensed land surveyors and professional engineers (referred to as Licensed Professionals or LPs) and FEMA approved National Flood Determination Association Certified Professionals (CPs) to submit selected Letter of Map Amendment (LOMA) requests, known as an eLOMA.

  • Among flood determination companies that responded to a survey for the National Flood Determination Association (NFDA), 82 percent of their business was transacted electronically in fiscal year 2002 (as opposed to less than 55 percent in 1999).

  • It is noteworthy that in the monitoring rounds over the past year, money has been returned unspent and reallocated to other Departments because there has not been a robust action plan and the new programme has yet to be introduced.

  • The service provider should then estimate the amount of insurance coverage required, based upon the current requirements, and place an estimate on the Flood Determination form.

  • One commenter suggested that the Agencies expand the Flood Determination form to include questions about collateral for the loan, such as, building only, contents only, or both, and if available at the time of the determination, questions about the loan amounts related to these items or the collateral value assigned to each.

  • Flood Determination FeesThe proposal would clarify that there are four instances when the lender can charge a fee to make a flood hazard determination: (1) in connection with making, increasing, extending or renewing a loan; (2) for a re-evaluation due to a change in a flood-risk zone; (3) if FEMA publishes a notice that affects the area where the security property is located; or (4) when a determination results in forced placement of insurance (question 62).

Related to Flood Determination

  • Flood Elevation Determination means a determination by the Administrator of the water surface elevations of the base flood, that is, the flood level that has a one percent or greater chance of occurrence in any given year.

  • Spread Determination Date means, for the reset rate notes, any time after the Notice Date but no later than 3:00 p.m., New York City time, on the third business day prior to the related reset date.

  • Dividend Determination Date means, for the purposes of the definition of “Dividend”, the date on which the number of Ordinary Shares or, as the case may be, amount of other property or assets, which may be issued or delivered is, or is capable of being, determined, and where determined by reference to prices or values or the like on or during a particular day or during a particular period, the Dividend Determination Date shall be deemed to be such day or the last day of such period, as the case may be;

  • Method detection limit means the minimum concentration of a hazardous substance that can be measured and reported with 99% confidence that the analyte concentration is greater than zero and is determined from analysis of a sample in a given matrix that contains the analyte.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Reset Dividend Determination Date means, in respect of any Reset Period, the day falling three Business Days prior to the beginning of such Reset Period.

  • Adverse Benefit Determination means any of the following:

  • Administrative merits determination means certain notices or findings of labor law violations issued by an enforcement agency following an investigation. An administrative merits determination may be final or be subject to appeal or further review. To determine whether a particular notice or finding is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

  • Expert Determination the process described in Paragraph 6 of Schedule 8.3 (Dispute Resolution Procedure);

  • Self-Determination means a philosophy and process by which individuals with developmental disabilities are empowered to gain control over the selection of support services that meet their needs. The basic principles of self-determination are:

  • Method Detection Limit (MDL means the minimum concentration of a substance (analyte) that can be measured and reported with 99 percent confidence that the analyte concentration is greater than zero and is determined from analysis of a sample in a given matrix containing the analyte.

  • Method Detection Level or “MDL” means the minimum concentration of an analyte (substance) that can be measured and reported with a ninety- nine percent (99%) confidence that the analyte concentration is greater than zero (0) as determined by procedure set forth in 40 CFR 136, Appendix B. The method detection level or MDL is equivalent to the LOD.

  • Child custody determination means a judgment, decree, or other order of a court providing for the legal custody, physical custody, or visitation with respect to a child. The term includes a permanent, temporary, initial, and modification order. The term does not include an order relating to child support or other monetary obligation of an individual.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).

  • Event Determination Date means either:

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date, in respect of the first Subsequent Reset Period, the second Business Day prior to the Second Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Flood-related erosion area management means the operation of an overall program of corrective and preventive measures for reducing flood-related erosion damage, including but not limited to emergency preparedness plans, flood-related erosion control works and floodplain management regulations.

  • Required Appraisal shall have the meaning provided in Section 8.11(g).

  • Area of special flood hazard means the land in the flood plain within a community subject to a one percent or greater chance of flooding in any given year.

  • Adverse determination shall have the meaning set forth in Section 19.7.

  • Approved Third-Party Appraiser means each of (a) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Inc., (b) Lincoln International LLC (formerly known as Lincoln Partners LLC), (c) Duff & Xxxxxx Corporation, (d) Valuation Research Corporation, and (e) any other third party appraiser selected by the Borrower in its reasonable discretion.

  • Final Recovery Determination With respect to any defaulted Mortgage Loan or any REO Property (other than a Mortgage Loan or REO Property purchased by the Responsible Party as contemplated by this Agreement), a determination made by the Servicer that all Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds and other payments or recoveries which the Servicer, in its reasonable good faith judgment, expects to be finally recoverable in respect thereof have been so recovered. The Servicer shall maintain records, prepared by a Servicing Officer, of each Final Recovery Determination made thereby.

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.