Underwriting Policy Clause Samples

Underwriting Policy. The Reinsureds undertake, to the extent they are legally able to do so and except as may otherwise be required under Applicable Laws, not to commute, terminate or make any material amendments to any reinsurance arrangement (whether or not in force as at the date of this Reinsurance Agreement) relating to the business protected under this Reinsurance Agreement except with the prior written consent of the Reinsurer (which consent shall not be unreasonably withheld or delayed) if any such commutation, termination or amendment is likely to increase materially the Reinsurer's liability under this Reinsurance Agreement. In the case of any other such commutation, termination or amendment, the Principal Reinsured shall use reasonable endeavours in good faith to inform the Reinsurer in advance of the such commutation, termination or amendment and the parties shall consult in good faith with respect to the same.

Underwriting Policy. Each US Originator shall comply in all material respects with its usual business, underwriting, credit, collection and administration policies (including, without limitation, its policies in relation to write offs) (its Policies) in entering into transactions which give rise to US Receivables contributed by it hereunder and will not make any change to its Policies applicable to any Securitised US Receivable without the consent of the US Master Purchaser, the Security Agent and each ▇▇▇▇▇▇▇▇ US Note Purchaser unless (i) the Rating Condition is satisfied with respect to such change or (ii) if such change could reasonably be expected to have a Material Adverse Effect;

Underwriting Policy. Such US Originator shall comply in all material respects with its usual business, underwriting, credit, collection and administration policies (its Policies) in entering into transactions which give rise to US Receivables contributed by it hereunder and will not make any change to its Policies applicable to any Securitised US Receivable without the consent of the US Master Purchaser, the Security Agent and each ▇▇▇▇▇▇▇▇ US Note Purchaser unless (i) the Rating Condition is satisfied with respect to such change or (ii) if such change could reasonably be expected to have a Material Adverse Effect;

Underwriting Policy. 第十二条 核保政策 The Reinsured shall inform the Reinsurer of any material changes in its established underwriting policy in respect of the lines of business to which this Agreement applies. Should the Reinsured fail to inform the Reinsurer, the Reinsurer shall be exempted any liability in respect of insurance losses under the Policies affected by such change and instead return the respective reinsurance premiums relating to any period after such change had been introduced at terms to be agreed by both parties. Notwithstanding the foregoing, the Reinsurer may negotiate with the Reinsured for any other solutions. The established underwriting policy is set out, inter alia, in the policy forms, general conditions and tariffs used by the Reinsured at the commencement of this Agreement. A change in the established underwriting policy is material if it may increase the Reinsurer's liability to such an extent that a reasonable Reinsurer would, under the same circumstances, have declined to cover such policies under the same terms and conditions. 本合同项下业务的现有核保政策如发生重大变化，再保险分出人应 及时通知再保险接受人。否则，对受变更影响的保单项下的保险损 失，再保险接受人应当免除赔偿责任，并按双方约定退还变更发生 后相应再保险期间的再保险保费。双方亦可协商采取其他解决方案。 现有核保政策主要体现于再保险分出人在本合同开始时使用的保单条款、条件和费率等。 重大变化是指现有核保政策的变化可能会增加再保险接受人的责任，以至于审慎的再保险接受人在同样情况下会拒绝以相同条件承保该业务。

Underwriting Policy. Each Mortgage Loan has been originated in accordance with the Underwriting Policy (including all supplements or amendments thereto) previously provided to the Facility Agent and the Group Agents.