Common use of Flood Hazard Clause in Contracts

Flood Hazard. Lender shall have received and approved evidence that none of the Properties are located in an area designated by the Secretary of Housing and Urban Development as a special flood hazard area, or flood hazard insurance acceptable to Lender in its sole discretion is in full force and effect with respect to any Property which is located in a special flood hazard area.

Appears in 2 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

AutoNDA by SimpleDocs

Flood Hazard. Lender shall have received and approved evidence that none of the Properties are Property is not located in an area designated by the Secretary of Housing and Urban Development as a special flood hazard area, or flood hazard insurance acceptable to Lender in its sole discretion is in full force and effect with respect to any Property which is located in a special flood hazard areadiscretion.

Appears in 2 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

Flood Hazard. Lender shall have received and approved evidence that none non of the Properties Facilities are located in an area designated by the Secretary of Housing and Urban Development as a special flood hazard area, or flood hazard insurance acceptable to Lender in its sole discretion is in full force and effect with respect to any Property which is located in a special flood hazard areadiscretion.

Appears in 2 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

AutoNDA by SimpleDocs

Flood Hazard. Lender shall have received and approved evidence that none of the Properties are Property is not located in an area designated by the Secretary of Housing and Urban Development as a special flood hazard area, or flood hazard insurance acceptable to Lender in its sole discretion is in full force and effect with respect to any Property which is located in a special flood hazard areadiscretion.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Lexicon Pharmaceuticals, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.