Flood Determination. The Administrative Agent and Lenders shall have received, in form and substance reasonably acceptable to the Administrative Agent, (i) a “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property located in the United States, (ii) for each Mortgaged Property located in the United States that is located in a special flood hazard area, a notice about special flood hazard area status and flood disaster assistance duly executed by the U.S. Borrower, (iii) for each Mortgaged Property located in the United States that is located in a special flood hazard area and for each Mortgaged Property located in Canada that is located in a flood plain, (A) flood insurance, in an amount reasonably satisfactory to the Administrative Agent, (1) maintained with a financially sound and reputable insurer, (2) covering buildings and contents for such Mortgaged Property and (3) otherwise complying with Section 6.1(s).
Flood Determination. The Collateral Agent and Lenders shall have received, in form and substance reasonably acceptable to the Collateral Agent, (i) a “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property and (ii) for each Mortgaged Property that is located in a flood zone, (A) flood acknowledgements executed by the applicable Borrowers, (B) flood insurance, in an amount reasonably satisfactory to the Collateral Agent, (1) maintained with a financially sound and reputable insurer, (2) covering buildings and contents for such Mortgaged Property and (3) naming the Collateral Agent, as mortgagee and (C) evidence of the payment of premiums then due and payable for the flood insurance required by clause (B).
Flood Determination. The Administrative Agent and Lenders shall have received, subject to Section 7.17, in form and substance reasonably acceptable to the Administrative Agent, (i) a “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property located in the United States, (ii) for each Mortgaged Property located in the United States that is located in a special flood hazard area, a notice about special flood hazard area status and flood disaster assistance duly executed by the U.S. Borrower and (iii) for each Mortgaged Property located in the United States that is located in a special flood hazard area and for each Mortgaged Property located in Canada that is located in a flood plain, (A) flood insurance, in an amount reasonably satisfactory to the Administrative Agent, (1) maintained with a financially sound and reputable insurer, (2) covering buildings and contents for such Mortgaged Property and (3) otherwise complying with Section 6.1(s). -179-
Flood Determination. The Administrative Agent shall have received a flood determination report for the Real Property Collateral as of the Restatement Effective Date.
Flood Determination. Every Mortgage Loan must have a Life Of Loan Flood Determination. Business Partner must notify the Flood Determination Company of that as of the Transfer Date the new servicer is: Central Loan Administration & Reporting Business Partner Name X.X. Xxx 00000 -or- X.X. Xxx 00000 Xxxxx, XX 00000 Xxxxx, XX 00000
Flood Determination. The Administrative Agent and Lenders shall have received, in form and substance reasonably acceptable to the Administrative Agent, (i) a “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property and (ii) for each Mortgaged Property that is located in a flood zone, (A) flood acknowledgements executed by the Borrower, (B) flood insurance, in an amount reasonably satisfactory to the Administrative Agent, (1) maintained with a financially sound and reputable insurer, (2) covering buildings and contents for such Mortgaged Property and (3) naming the Administrative Agent, as mortgagee and (C) evidence of the payment of premiums then due and payable for the flood insurance required by clause (B).
Flood Determination. Evidence acceptable to Lender that no portion of the buildings on the Property is in a flood plain or flood way.
Flood Determination. The Administrative Agent and Lenders shall have received, in form and substance reasonably acceptable to the Administrative Agent, (i) flood determinations with respect to each Mortgaged Property, (ii) flood acknowledgements executed by the applicable Borrower for each Mortgaged Property that is located in a flood zone and (iii) acceptable flood insurance in an amount covering buildings and contents for each Mortgaged Property that is located in a flood zone.
Flood Determination. Mortgagee will have a flood determination performed by an outside vendor to determine whether the Mortgaged Property is designated as being situated in a Special Flood Hazard Area ("SFHA") according to the Federal Emergency Management Agency ("FEMA"). If the Mortgaged Property or any portion of the Mortgaged Property is located in a SFHA and the community in which the Mortgaged Property is situated participates in the National Flood Insurance Program ("NFIP"), Mortgagor shall purchase and maintain flood insurance during the term of this Mortgage in an amount equal to the lesser of the aggregate balance of the Notes or the maximum amount available under the NFIP. If the Mortgaged Property is not located in a SFHA, if the community does not participate in the NFIP or if the aggregate balance of the Notes is greater than the maximum amount available under the NFIP, Mortgagee, at its sole discretion, may require that Mortgagor purchase and maintain such flood insurance.
Flood Determination. The surveyor shall designate on the survey the maps or other sources used in determining whether the Premises or any part thereof is a part of a designated flood hazard area under the Flood Disaster Protection Act of 1973, as amended. EXHIBIT "C" TITLE INSURANCE REQUIREMENTS The Mortgage must be insured by an acceptable title insurance policy. To be acceptable, a title insurance policy must satisfy the following requirements: Single Risks: Reinsurance. The maximum single risk assumed by any single title insurer may not exceed 25 percent of that company's capital, surplus, and statutory reserves. Excess amounts may be covered by acceptable reinsurance arrangements with other acceptable title insurance companies.
