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
If the Property is determined to be in a Special Flood Hazard Area, as determined by the current Flood Maps published by the Federal Emergency Management Agency, Purchaser may terminate this Agreement by providing written notice to Seller by the later of the expiration of the Financing Contingency Period or the Inspection Period, and the termination procedures of Paragraph 21 shall apply.
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 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 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 an area that FEMA has designated as an area subject to special flood or mud slide hazards.
Special Flood Hazard Area means an area identified as such by the Administrator of FEMA using FEMA’s Flood Insurance Rate Map or FEMA’s Flood Hazard Boundary Map.
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”)