Common use of Flood Insurance Clause in Contracts

Flood Insurance. If required by Subsection 5.5(j) hereof, flood insurance in an amount at least equal to the lesser of (A) the principal balance of the Note, or (B) the maximum limit of coverage available for the Property under the National Flood Insurance Act of 1968, The Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended;

Appears in 18 contracts

Samples: Mortgage And (Resource Real Estate Opportunity REIT, Inc.), Trust and Security Agreement (Innovative Micro Technology Inc), Trust and Security Agreement (Corporate Property Associates 15 Inc)

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Flood Insurance. If required by Subsection 5.5(j) hereofLender, flood insurance in an amount at least equal to the lesser of (A) the principal balance of the Note, or (B) the maximum limit of coverage available for the Property under the National Flood Insurance Act of 1968, The Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended;

Appears in 2 contracts

Samples: Plasti Line Inc /Tn/, Plasti Line Inc /Tn/

Flood Insurance. If required by Subsection 5.5(j) hereof, flood insurance in an amount at least equal to the lesser of (A) the principal balance of the Note, or (B) the maximum limit of coverage available for the Property under the National Flood Insurance Act of 1968, The Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended;,

Appears in 1 contract

Samples: Pyramid Breweries Inc

Flood Insurance. If required by Subsection 5.5(jSubsections 5.4(e) hereofand 7.5, flood --------------- insurance in an amount at least equal to the lesser of (A) the aggregate principal balance amount of the Noteoutstanding Notes, or (B) the maximum limit of coverage available for the Property under the National Flood Insurance Act of 1968, The Flood Disaster Protection Act of 1973 or and the National Flood Insurance Reform Act of 1994, as each may be amendedamended (the "Flood Insurance Acts");

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (Globix Corp)

Flood Insurance. If required by Subsection Subsections 5.5(j) hereofand 7.5, flood insurance in an amount at least equal to the lesser greater of (A) the principal balance of the Note, or Replacement Cost together with business interruption coverage and (B) the maximum limit of coverage available for the Property under the National Flood Insurance Act of 1968, The Flood Disaster Protection Act of 1973 or and the National Flood Insurance Reform Act of 1994, as each may be amendedamended (the “Flood Insurance Acts”);

Appears in 1 contract

Samples: Security Agreement

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Flood Insurance. If required by Subsection 5.5(j) pursuant to the terms hereof, flood insurance in an amount at least equal to the lesser of (Aa) the principal balance of the Note, or (Bb) the maximum limit of coverage available for the Property under the National Flood Insurance Act of 1968, The Flood Disaster Protection Act of 1973 or and the National Flood Insurance Reform Act of 1994, as each may be amendedamended (the "Flood Insurance Acts");

Appears in 1 contract

Samples: Mortgage and Security Agreement (Polymer Research Corp of America)

Flood Insurance. If required by Subsection 5.5(j) pursuant to the terms hereof, flood insurance in an amount at least equal to the lesser of (Aa) the principal balance of the Note, or (Bb) the maximum limit of coverage available for the Property under the National Flood Insurance Act of 1968, . The Flood Disaster Protection Act of 1973 or and the National Flood Insurance Reform Act of 1994, as each may be amendedamended (the "Flood Insurance Acts");

Appears in 1 contract

Samples: Convertible Promissory Notes        Agreement (Minrad International, Inc.)

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