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Flood Insurance
Flood Insurance contract clause examples

Section # Compliance with Flood Insurance Laws. The Administrative Agent has adopted internal policies and procedures that address requirements placed on federally regulated lenders under the Flood Insurance Laws and will post on the applicable electronic platform (or otherwise distribute to each Lender documents that it receives in connection with the Flood Insurance Laws (collectively, the "Flood Documents")); provided, however that the Administrative Agent makes no representation or warranty with respect to the adequacy of the Flood Documents or their compliance with the Flood Insurance Laws. Each Lender acknowledges and agrees that it is individually responsible for its own compliance with the Flood Insurance Laws and that it shall, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, including the Flood Documents posted or distributed by the Administrative Agent, continue to do its own due diligence to ensure its compliance with the Flood Insurance Laws.

SECTION #Flood Laws. Each Lender that is a federally regulated lender (for the purposes of the National Flood Insurance Reform Act of 1994 and related legislation and regulations (the “Flood Laws”)) has adopted internal policies and procedures that address requirements placed on federally regulated lenders under the Flood Laws. The Administrative Agent will post on the applicable electronic platform (or otherwise distribute to each Lender) documents that it receives in connection with the Flood Laws. The Administrative Agent does not guarantee the compliance of any federally regulated Lender with the Flood Laws.

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