Example ContractsClausesflood insuranceVariants
Flood Insurance
Flood Insurance contract clause examples

No Loan Party owns any Building (as defined in the applicable Flood Insurance Law) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Law) for which such Loan Party has not delivered to the Administrative Agent evidence reasonably satisfactory to the Administrative Agent that # such Loan Party maintains Flood Insurance for such Building or Manufactured (Mobile) Home or # such Building or Manufactured (Mobile) Home is not located in a Special Flood Hazard Area.

As of the Amendment Effective Date, notwithstanding any provision in any Collateral Document to the contrary, no Loan Party owns any Building (as defined in the applicable Flood Insurance Law) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Law) for which such Loan Party has not delivered to the Administrative Agent evidence reasonably satisfactory to the Administrative Agent that # such Loan Party maintains Flood Insurance for such Building or Manufactured (Mobile) Home or # such Building or Manufactured (Mobile) Home is not located in a Special Flood Hazard Area.

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