Common use of Flood Plain Clause in Contracts

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.

Appears in 3 contracts

Samples: Syndicated Term Loan Agreement (Strategic Storage Trust IV, Inc.), Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.), Revolving Credit Loan Agreement (Global Self Storage, Inc.)

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Flood Plain. Evidence that (a) no portion of the Property a Parcel 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 a Parcel is so located, evidence that adequate flood insurance is in effect; and (b) no portion of the Property a Parcel is located in a federally, state or locally designated wetland or other type of government protected area.

Appears in 2 contracts

Samples: Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.), Syndicated Term Loan Agreement (Strategic Storage Trust VI, Inc.)

Flood Plain. Evidence that (a) no portion of the Real Property is located in an area designated by the U.S. Secretary of Housing and Urban Development as having special flood hazards, or if any portion of the Real Property is so located, evidence that adequate flood insurance is in effect; and (b) no portion of the Real Property is located in a federally, state or locally designated wetland or other type of government protected area.

Appears in 2 contracts

Samples: Credit Agreement (Universal Technical Institute Inc), Credit Agreement (Universal Technical Institute Inc)

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Flood Plain. Evidence Lender shall have received evidence that (ai) no portion of the Property is Properties or Improvements are 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 (bii) no portion of the Property is Properties and Improvements are located in a federally, state or locally designated wetland or other type of government protected area.

Appears in 1 contract

Samples: Loan Agreement (Manufactured Housing Properties Inc.)

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