Special Flood Hazard Area definition

Special Flood Hazard Area means an area that FEMA’s current flood maps indicate has at least a one percent (1%) chance of a flood equal to or exceeding the base flood elevation (a 100-year flood) in any given year.

Special Flood Hazard Area shall have the meaning assigned to such term in Section 5.02(c).

Special Flood Hazard Area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), (i) maintain, or cause to be maintained, with a financially sound and reputable insurer, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) deliver to the Collateral Agent evidence of such compliance in form and substance reasonably acceptable to the Collateral Agent.

Examples of Special Flood Hazard Area in a sentence

• With respect to each parcel of the Real Property owned by a Company, the Borrower delivered to the Administrative Agent evidence that no portion of such Real Property was located in a Special Flood Hazard Area or was otherwise classified as Class A or Class BX on the Flood Maps maintained by the Federal Emergency Management Agency (or, if such Real Property was located in a Special Flood Hazard Area, an acknowledged notice to the Borrower and flood insurance).

• Notwithstanding the requirement in clause (i) above, Federal Flood Insurance shall not be required for (x) Real Estate not located in a Special Flood Hazard Area, or (y) Real Estate located in a Special Flood Hazard Area in a community that does not participate in the National Flood Insurance Program.

More Definitions of Special Flood Hazard Area

Special Flood Hazard Area means an area designated by the Federal Emergency Management Agency (or any successor agency) as having special flood or mud slide hazards.

Special Flood Hazard Area means an area that FEMA has designated as an area subject to special flood or mud slide hazards.

Special Flood Hazard Area means the land in the flood plain within a community having at least a one percent chance of flooding in any given year, as designated by the Administrator of FEMA.

Special Flood Hazard Area means the land in the flood plain within a community having at least a one per- cent chance of flooding in any given year, as designated by the Director of FEMA.

Special Flood Hazard Area means the areas of flood insurance rate map which are identified as Zones A, AO, AH, Al — A30, AE, A99, AR, AR/A, AR/AE, AR/A1 — A30, AR/AH, AR/A0, V, V1-V30, and VE. For purposes of determining which areas qualify as special flood hazard areas as specified above, only those flood insurance rate maps which were in effect at the time of the flood loss shall apply.

Special Flood Hazard Area means an area that FEMA has designated as an area subject to special flood hazards, the current standard for which is at least a one percent (1%) chance of a flood equal to or exceeding the base flood elevation (a 100-year flood) in any given year as per the applicable flood maps.

Special Flood Hazard Area means an area having flood, mudslide, and/or flood-related erosion hazards, and shown on an FHBM or FIRM as zone A, AO, A1-30, AE. A99, AH,VO, VI-30, VE, V. M. or E. (See - “Area of Special Flood Hazard”)