Flood Plain Sample Clauses
The Flood Plain clause defines the responsibilities and disclosures related to whether a property is located within a designated flood plain area. Typically, this clause requires the seller to inform the buyer if the property is in a flood-prone zone, which may affect insurance requirements or future development. By clarifying these obligations, the clause helps buyers assess potential risks and costs associated with flood hazards, ensuring transparency and informed decision-making in the transaction.
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Flood Plain. Lender shall have received reasonably satisfactory evidence indicating which of the Real Property Assets are in a flood plain.
Flood Plain. If the Premises is located in a 100-year old flood plain as represented by FEMA it must be made known to the Tenant as part of this Agreement. With the Tenant’s signature on this Agreement, they acknowledge that the Landlord has informed them of this fact.
Flood Plain. Buyer(s) to obtain flood plain verification. If Buyer(s) does not approve the results of the flood plain verification, Buyer(s) has the option to terminate this Purchase Agreement.
Flood Plain. The Mortgaged Property is not located in an area identified by the Federal Emergency Management Agency as an area having special flood hazards, except as disclosed on the Surveys or if located in such area, that status has been disclosed to Administrative Agent and does not unreasonably impair the value of the subject Mortgaged Property.
Flood Plain. Evidence that (a) no portion of the Property is located in an area designated by the Secretary of Housing and Urban Development as having special flood hazards, or if any portion of the Property is so located, evidence that adequate flood insurance is in effect; and (b) no portion of the Property is located in a federally, state or locally designated wetland or other type of government protected area.
Flood Plain. No portion of the Premises is located within any designated flood plain or special flood hazard area, or if the Land is in flood hazard area, and Master Tenant has approved same (such approval being in the sole and absolute discretion of Master Tenant), Landlord has executed Master Tenant’s Notice of Flood Hazard Area and/or such other documentation required by Master Tenant, and Landlord has obtained and will maintain flood insurance coverage for the Premises as otherwise specified herein.
Flood Plain. To Landlord’s Knowledge, no portion of the Land is located within a special flood hazard area as documented in the “Department of Housing and Urban Development, Federal Insurance Administration Special Flood Hazard Area Maps.”
Flood Plain. No part of the Real Property contains, is located within, or abuts any flood plain, navigable water or other body of water, tideland, wetland, marshland or any other area which is subject to special state, federal or municipal regulation, control or protection.
Flood Plain. The Premises are not located in a 100 Year Flood Plain as depicted on any FIRM Maps or as determined by the Federal Emergency Management Agency (“FEMA”).
Flood Plain. Buyer shall have the option of declaring this contract null and void within five (5) days of receipt of any written notice or disclosure, including the Residential Real Property Disclosure Report, that the property is located in a special flood plain hazard area, which requires the Buyer to obtain flood insurance, or is in a wetland. This option shall not exist in the event such written notice or disclosure was provided in a Residential Real Property Disclosure Report executed by both Seller and Buyer prior to the Contract Date. COURT. Absent an agreement relative to the disbursement of ▇▇▇▇▇▇▇ money within a reasonable period of time, Escrowee may deposit the funds with the Clerk of the Circuit Court by filing an action in the nature of an interpleader. Escrowee shall be reimbursed from the ▇▇▇▇▇▇▇ money for court costs and reasonable attorney’s fees related to the filing of the interpleader action. Seller and ▇▇▇▇▇ hereby indemnify and hold Escrowee harmless from any and all claims and demands arising out of any release of ▇▇▇▇▇▇▇ money pursuant to a written agreement of the parties or court order.