Common use of Flood Clause in Contracts

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.

Appears in 10 contracts

Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (BBX Capital Corp)

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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 ProgramDisaster Protection Act of 1973, as amended. This requirement will be waived with respect to portions of the Project upon presentation of evidence satisfactory to Lender that no such portion of the site Project in question is or will be located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Appears in 5 contracts

Samples: Credit Loan Agreement, Credit Loan Agreement (TRI Pointe Homes, Inc.), Credit Loan Agreement (William Lyon Homes)

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 ProgramDisaster Protection Act of 1973, as amended. This requirement will be waived with respect to portions of the Project upon presentation of evidence reasonably satisfactory to Lender that no such portion of the site Project in question is or will be located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Appears in 3 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (William Lyon Homes), Construction Loan Agreement (William Lyon Homes)

Flood. A policy or policies of flood insurance in the maximum amount of flood insurance available with respect to the Project Property under the National Flood Insurance ProgramDisaster Protection Act of 1973, as amended. This requirement will be waived upon presentation by a Federally approved certification agent of evidence satisfactory to Lender that no portion of the site Property is located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Appears in 1 contract

Samples: Loan Agreement (Century Communities, Inc.)

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 ProgramDisaster Protection Act of 1973, as amended. This requirement will be waived upon presentation of evidence satisfactory to the Lender that no portion of the site Premises is located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Appears in 1 contract

Samples: Loan Agreement (Schuler Homes Inc)

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 Administrative Agent 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp)

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Flood. A policy or policies of flood insurance in the maximum amount of flood insurance available with respect to the Project Property under the National Flood Insurance ProgramDisaster Protection Act of 1973, as amended. This requirement will be waived upon presentation of evidence satisfactory to the Lender that no portion of the site Property is located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Appears in 1 contract

Samples: Construction Borrowing Base Facility Agreement (Levitt Corp)

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 ProgramDisaster Protection Act of 1973, as amended. This requirement will be waived with respect to portions of the Project upon presentation of evidence satisfactory to Lender Administrative Agent that such no portion of the site is Project in question or will be located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)

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 ProgramDisaster Protection Act of 1973, as amended. This requirement will be waived upon presentation of evidence satisfactory to Lender the Administrative Agent that no portion of the site Project is located within an area identified by the U.S. Department of Housing and Urban Development as having special flood hazards.

Appears in 1 contract

Samples: Agreement (Meritage Corp)

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