Flood Clause Examples

Flood. If any of the Improvements are located in an area identified by the Federal Emergency Management Agency (or any successor to that agency) as a “Special Flood Hazard Area,” flood Insurance in the amount required by Lender.

Flood. As defined by the University means the overflow of a body of water onto normally dry land. The policy shall include coverage for loss due to Flood as defined above. The limit of liability for this peril must be equal to the completed value or $5,000,000, whichever is less. The deductible for this peril may be as high as $25,000. Loss limitations or higher deductibles do not relieve the Contractor of responsibility for the uninsured portion of the loss. Coverage must be expressly stated on the Evidence of Property Insurance form.

Flood. The Property is located in an area designated by the Federal Emergency Management Agency as Flood Zone D. The Flood Zone D designation means there are possible but undetermined flood hazards, but no analysis has been conducted. Licensee may be required to carry flood insurance.

Flood. We do not cover loss caused by or resulting from flood, surface water, waves, overflow of streams or other bodies of water or spray from any of these whether or not driven by wind.

Flood. If any portion of the Improvements is located within an area identified by the Federal Emergency Management Agency (or any successor) as a special flood hazard area (“SFHA”), flood Insurance in an amount equal to the greater of the following: (A) The maximum flood Insurance available under the National Flood Insurance Program (“NFIP”) for each building within a SFHA. (B) The sum of the following for each building within a SFHA being insured: (1) The Replacement Cost of all areas of the Improvements below grade. (2) The Replacement Cost of the bottom two stories (above grade) of the Improvements. (3) Any additional coverage dictated by the nature of the Mortgaged Property as determined by Lender in Lender’s Discretion. Such coverage may be purchased through excess carriers if the required coverage exceeds the maximum Insurance available under the NFIP.

Flood. Flood insurance (when the Property is located in whole or in material part a designated flood plain area) in an amount similar to the amount insured by comparable golf course properties in the area. Notwithstanding the foregoing, Tenant shall not be required to participate in the National Flood Insurance Program or otherwise obtain flood insurance to the extent not available at commercially reasonable rates; provided Tenant shall give Landlord written notice thereof prior to cancelling or not obtaining any flood insurance. Tenant may opt to insure the structures only, and not the Land, subject to the approval of Landlord, in Landlord's reasonable discretion.

Flood. If the Real Property is located in a special flood hazard area (that is, an area within the 100-year floodplain) according to the most current flood insurance rate map issued by the Federal Emergency Management Agency and if flood insurance is available, the Borrower shall maintain flood insurance coverage on all insurable elements of Real Property and of all tangible Personal Property.

Flood. A policy or policies of flood insurance in the maximum amount of flood insurance available with respect to the Project under the National Flood Insurance Program. This requirement will be waived upon presentation of evidence satisfactory to Lender that no portion of the site is located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Flood. The Administrative Agent shall have received a Flood Hazard Determination with respect to each Initial Mortgaged Property together with, if any such Mortgaged Property is a Flood Hazard Property, the other Flood Insurance Documents for such Mortgaged Property.