Common use of Redesignation Clause in Contracts

Redesignation. Promptly notify the Lender of any Mortgaged Property that is or becomes, a Flood Hazard Property.

Appears in 5 contracts

Sources: Credit Agreement (AstroNova, Inc.), Fourth Amendment to Amended and Restated Credit Agreement (AstroNova, Inc.), Credit Agreement (AstroNova, Inc.)

Redesignation. Promptly notify the Lender of any Mortgaged Property that is is, or becomes, a Flood Hazard Property.

Appears in 2 contracts

Sources: Credit Agreement (Inseego Corp.), Loan Agreement (Public Service Co of New Mexico)