Loss of Qualification Sample Clauses

Loss of Qualification. Promptly after the occurrence thereof, notice of any Mortgage Loan or Mortgage-Backed Security included in the Facility 1 Borrowing Base, that ceases to qualify as an Eligible Mortgage Loan or Eligible Mortgage-Backed Security, as the case may be;
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Loss of Qualification. JTACs who fail to comply with qualification requirements IAW para 5.2.5. (x.x. XXXX and controls or Evaluation) are considered unqualified. JTACs who fail to successfully complete JMTL Tasks/Table 5.2.5.2. requirements must, under the supervision of a qualified JTAC and IAW signatory directives, complete the number and category (e.g., appropriate night, fixed-wing, ordnance, etc.) of controls they failed to accomplish to regain qualification. Supervision is required only for those events which were not accomplished (e.g. if night was not accomplished; only night control requires supervision); the JTAC may still control, without supervision, in the other areas they have not lapsed in. A JTAC who is unqualified (JMTL tasks) for more than six months, but less than 24 months, must complete the JMTL requirements IAW para 5.2.5.1. (JTAC Qualification Process), under the supervision of a qualified JTAC or JTAC-I. A JTAC who fails to satisfactorily complete an evaluation, will only be authorized to control while under the supervision of a qualified JTAC. This restriction will remain in place until the unqualified JTAC satisfactorily completes a subsequent re-evaluation conducted by a JTAC-E.
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Loss of Qualification. Promptly after the occurrence thereof, notice of any Mortgage Loan or Mortgage- Backed Security included in any Borrowing Base that ceases to qualify for inclusion in such Borrowing Base in accordance with the terms of this Agreement and the other Loan Documents;
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Loss of Qualification. The Company shall promptly notify the Master Trustee of any determination by the Internal Revenue Service that any Plan has ceased to be qualified under ss. 401(a) of the Code. Upon such event or in the event that any Plan shall otherwise cease to become qualified, the equitable share of such Plan participating in the Master Trust Fund shall be promptly segregated and withdrawn from the Master Trust Fund.
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Loss of Qualification. Promptly after the occurrence thereof, --------------------- notice of any Mortgage Loan that ceases to be an Eligible Mortgage Loan:
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Loss of Qualification. JTACs who fail to comply with qualification requirements (e.g. Controls or Evaluation) are considered Unqualified. Unqualified JTACs (controls) must, under the supervision of a qualified JTAC and IAW Service, USSOCOM, or National directives, complete the number and category (e.g., appropriate night, fixed-wing, ordnance, etc.) of controls they failed to accomplish in the previous six months. A JTAC who is unqualified (controls) for more than six months, but less than 24 months, must complete the control requirements IAW para
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Loss of Qualification. 65 (iii) Specialty Mortgage Products Report................. 65 (c) Maintenance of Existence and Properties; Compliance with Laws............................... 65 (d) Maintenance of Federal Agency Status ....................... 65 (e) Inspection of Property; Books and Records; Discussions ....................................... 65 (f) Insurance .................................................. 66 (g) Payment of Taxes and Claims ................................ 66 (h) Servicing Rights and Servicing Portfolio ................... 66 (i) Ownership Structure......................................... 66 (j)
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Loss of Qualification. Notice of any change in the Type of any Mortgage Loan (other than changes of Eligible Conforming Mortgage Loans into Eligible Gestation Mortgage Loans) included in the Tranche A Borrowing Base or the Tranche B Borrowing Base or of any Mortgage Loan or Agency MBS included in the Tranche A Borrowing Base or the Tranche B Borrowing Base that shall cease to qualify as an Eligible Mortgage Loan or Eligible Agency MBS hereunder promptly after the occurrence thereof; and
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Loss of Qualification. At the Company's discretion, an employee who fails to work within a job classification for 18 consecutive months, may lose their qualification for that classification. In such circumstances, the employee is again subject to the qualifying procedures in Article IX, Section 13.
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Related to Loss of Qualification

  • IRO Qualifications The IRO shall:

  • Staff Qualifications a) CONTRACTOR shall ensure that all individuals employed, contracted, and/or otherwise hired by CONTRACTOR to provide classroom and/or individualized instruction or related services hold a license, certificate, permit, or other document equivalent to that which staff in a public school are required to hold in the service rendered consistent with Education Code section 56366.1(n)(1) and are qualified pursuant to Title 5 of the California Code of Regulations sections 3064 and 3065.

  • Due Qualification Seller is duly qualified to do business as a foreign corporation, is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of its property or the conduct of its business requires such qualification.

  • Tax Qualification Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service and nothing has occurred since the date of the last such determination which resulted or is likely to result in the revocation of such determination.

  • Minimum Qualifications If applicable pursuant to Article 3, I acknowledge that the Bidder meets the minimum qualification requirements established for this solicitation.

  • Foreign Qualifications Each of the Company and its subsidiaries is duly qualified as a foreign entity to transact business and is each in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to be so qualified would not singularly, or in the aggregate, in the reasonable judgment of the Company, be expected to result in a Material Adverse Effect.

  • Foreign Qualification Prior to the Company’s conducting business in any jurisdiction other than Delaware, the Majority Members shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Majority Members, with all requirements necessary to qualify the Company as a foreign limited liability company in that jurisdiction.

  • Enumeration; Qualification The officers of the Trust shall be a President, a Treasurer, a Secretary, and such other officers, if any, as the Trustees from time to time may in their discretion elect. The Trust also may have such agents as the Trustees from time to time may in their discretion appoint. An officer may be but need not be a Trustee or shareholder. Any two or more offices may be held by the same person.

  • Vendor Qualifications Minimum Qualifications Based on the Contractor’s submission, OGS has determined that Contractor met the minimum qualifications for the lot(s) as identified in Appendix G, Contractor and OGS Information. If Contractor is awarded Lot 1 as a New York State Certified Minority- or Women- Owned Business Enterprise or as a New York State Small Business, Contractor agrees that it must retain at least one of such statuses to retain its Lot 1 award. Should a Contractor no longer retain at least one of such statuses, OGS shall suspend its Lot 1 award and the Contractor shall not be able to respond to Authorized User’s requests. If the Contractor fails to regain at least one of the statuses within 90 calendar days and provide OGS with documentation of such status, then its Lot 1 award shall be terminated. Any transaction awarded prior to Contractor’s loss of such statuses may continue until completion, unless otherwise terminated in accordance with this Contract. Lot 1– For projects up to $200,000 total Eligibility for this Lot is limited to the following:  Contractor is a New York State Certified Minority- or Women-Owned Business Enterprise; or  Contractor meets the definition of a New York State Small Business which is as follows: o A business which is resident in New York State, independently owned and operated, not dominant in its field and employs one hundred or less persons (see State Finance Law section 160(8)).

  • Due Qualification and Good Standing The Borrower is in good standing in the State of Delaware. The Borrower is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing could not reasonably be expected to have a Material Adverse Effect.

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