Essent definition

Essent as defined in the preamble hereto.
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Examples of Essent in a sentence

  • Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by Essent, the Administrative Agent and the assignee, and that the Lender required to make such assignment need not be a party thereto in order for such assignment to be effective.

  • At any time that Essent fails to maintain an Investment Grade Rating, fail to be in compliance with all applicable “financial requirements” imposed pursuant to PMIERs when and to the extent such financial requirements are effective, subject, for the avoidance of doubt to any forbearance thereunder afforded by any Government-Sponsored Enterprise.

  • Permit the Debt-to-Total Capitalization Ratio of Essent to exceed (i) at any time that Essent maintains an Investment Grade Rating, 0.30 to 1.00 and (ii) at all other times, 0.25 to 1.00.

  • In no event shall any leasehold mortgages, landlord lien waivers, estoppels or collateral access letters be required with respect to any leasehold interest in real property held by Essent or any of its Subsidiaries (including each leasehold interest in real property listed on Schedule 1.1B).

  • Notwithstanding anything contained herein, in every instance the Borrowers shall be required to provide electronic copies of the certificate of a Responsible Officer of Essent or Essent Re, as applicable, required by Section 5.1(b) to the Administrative Agent.

  • The Lenders shall have received all of the financial statements referred to in Section 3.1, and such financial statements shall not, in the reasonable judgment of the Lenders, reflect any material adverse change in the consolidated financial condition of Essent and its Subsidiaries or Essent Re and its Subsidiaries, in each case, as reflected in the financial statements or projections contained in the Confidential Information Memorandum.

  • It shall be understood that the business of Essent and its Subsidiaries shall include (i) insurance and reinsurance and (ii) mortgage and mortgage-related businesses, including origination, processing, servicing and credit enhancement.

  • Each Lender agrees promptly to notify Essent and the Administrative Agent after any such application made by such Lender, provided that the failure to give such notice shall not affect the validity of such application.

  • The Administrative Agent shall have received, in respect of Essent IIH: (i) a certificate (signed by a director) certifying compliance with Section 82 of the Irish Companies Act and (ii) a certificate (signed by a director) regarding Section 239 of the Irish Companies Act.

  • Ensure that Essent Guaranty maintains financial strength ratings from S&P and ▇▇▇▇▇’▇.

Related to Essent

  • Essential as applied to IPR means that it is not possible on technical (but not commercial) grounds, taking into account normal technical practice and the state of the art generally available at the time of standardization, to make, sell, lease, otherwise dispose of, repair, use or operate EQUIPMENT or METHODS which comply with a STANDARD without infringing that IPR. For the avoidance of doubt in exceptional cases where a STANDARD can only be implemented by technical solutions, all of which are infringements of IPRs, all such IPRs shall be considered ESSENTIAL.

  • Essential parts means all integral parts and body parts, the removal, alteration, or substitution of

  • Secretariat means the office constituted as per Sub-Clause (1) of Clause 6 of the Scheme.

  • Essential functions means the fundamental job duties of the employment position the individual with a disability holds or desires. “Essential functions” does not include the marginal functions of the position.

  • Essential job functions means the fundamental job duties of the employment position an individual holds. A job function may be considered essential if-