Flood Act definition
Examples of Flood Act in a sentence
The use of any assistance provided under this Agreement for such acquisition or construction in such identified areas in communities then participating in the National Flood Insurance Program is subject to the mandatory purchase of flood insurance requirements of Section 102(a) of the Flood Act.
If the Property is located in an area identified by HUD as having special flood hazards and in which the sale of flood insurance has been made available under the National Flood Insurance Act of 1968, as amended, 42 U.S.C. 4001 et seq., the property owner and its successors or assigns must obtain and maintain, during the ownership of the Property, such flood insurance as required with respect to financial assistance for acquisition or construction purposes under -Section 102(s) of the Flood Act.
No portion of the assistance provided under this Agreement is approved for acquisition or construction purposes as defined under Section 3(a) of the Flood Act, for use in an area identified by HUD as having special flood hazards which is not then in compliance with the requirements for participation in the national flood insurance program pursuant to Section 201(d) of the Flood Act.
The requirements of the Flood Disaster Protection Act of 1973 (P.L. 93-234) (the "Flood Act").
If both of the aforesaid conditions exist, Administrative Agent shall receive satisfactory policies of flood insurance covering the applicable Improvements as required by the Flood Act.
In addition, if the property is released immediately, it will be possible to increase the compensation by an amount corresponding to 5% of the value of the expropriated property on the terms of the Flood Act.
In accordance with the provisions of the Flood Act, the expropriation of a real property or a part thereof, as well as a permanent and temporary restriction on the use of a real property or a part of a real property, shall be effected by way of an investment permit issued by the province governor at the request of the investor.
There is in force such flood insurance policy as is required under Flood Act and its implementing regulations regardless of whether Correspondent is specifically subject to such statute or regulations.
The Flood Act does not indicate any preference for the land-for- land compensation; financial compensation allowing for purchasing similar real estate is rather assumed.
The CEDING COMPANY may submit any application on a plan or rider listed in Schedule A to any or all REINSURERS for facultative underwriting consideration.