Hazard area definition
Examples of Hazard area in a sentence
Arising from Flood, provided however, this exclusion shall only apply if the Property is located in a Zone A Special Flood Hazard area as designated on the applicable Federal Emergency Management Agency flood map.
If the Property or the Puueo Property is located in a "Special Flood Hazard" area, Borrower will provide the flood insurance authorized by the Flood Disaster Protection Act of 1973.
The material submitted and response from FEMA may be considered by the Floodplain Administrator for determining if a property or structure is within the Regulated Flood Hazard area and subject to these regulations.
Borrower will furnish to the Bank evidence satisfactory to the Bank that the real properties described in the Deeds of Trust and Mortgages are not located in a designated Flood Plain Hazard area, or if so located that adequate insurance satisfactory to the Bank has been obtained.
If any part of the Premises is in a Zone A or B Flood Hazard area, and such condition is approved by Lender, Flood Insurance as required by Regulation H of the Federal Reserve Board shall be required.
If any improvement on the Property is located within a Special Flood Hazard area designated by the Federal Emergency Management Agency, Purchaser shall obtain flood insurance covering all improvements on the property, whether now in existence or subsequently erected, in an amount equal to (a) the appraised value established under 3.3 less estimated land cost, or (b) the maximum limit of coverage made available under the National Flood Insurance Act of 1968, whichever is less.
Any Mortgaged Property with improvements located in an area that has been identified by FEMA’s flood maps as of the Closing Date as being in a Special Flood Hazard area (a 100 year flood zone) and in which flood insurance has been made available under the National Flood Insurance Act of 1968, shall satisfy Federal Flood Insurance Requirements.
The paper machine building is classified as an Extra Hazard area by Industrial Risk Insurers for fire protection purposes.