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. 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. 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. Lender shall have received reasonably satisfactory evidence indicating which of the Real Property Assets are in a flood plain.
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. The Agent shall have received and approved, with respect ----------- to each Property referred to on Schedule 1.1, evidence whether such Property is located in an area identified as a flood plain area as defined by the U.S. Department of Housing and Urban Development pursuant to the Flood Disaster Protection Act of 1973.
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. 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. PERFORMANCE/DEFAULT/RELEASE OF XXXXXXX MONEY: The xxxxxxx money and this Contract shall be held by (Escrowee) for the benefit of the parties hereto, and applied to the purchase price at closing. In the event of a default by Seller or Buyer, the parties are free to pursue any legal remedies available at law or in equity. THERE SHALL BE NO DISBURSEMENT OF XXXXXXX MONEY UNLESS ESCROWEE HAS BEEN PROVIDED WITH A WRITTEN AGREEMENT FROM SELLER AND BUYER OR AN ORDER OF COURT. Absent an agreement relative to the disbursement of xxxxxxx 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 xxxxxxx money for court costs and reasonable attorney’s fees related to the filing of the interpleader action. Seller and Xxxxx hereby indemnify and hold Escrowee harmless from any and all claims and demands arising out of any release of xxxxxxx money pursuant to a written agreement of the parties or court order. CLOSING COST CREDIT (OPTIONAL): Seller agrees to pay the amount of (complete one) $ OR % of the sale price toward Buyer’s closing costs and pre-paids, provided Xxxxx’s lender permits such amount to show as a credit(s) on the HUD-1, and if not, such lesser amount as the lender permits.
Flood Plain. To Seller's knowledge, no portion of the Real Property is located in a flood plain or in an area defined as a wetland under applicable Legal Requirements.
