FAIC definition

FAIC means the Fushun Administration of Industry and Commerce or the local administrative bureau in Fushun entrusted by such Administration.
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FAIC means First American Insurance Company, a Missouri corporation and a wholly owned subsidiary of FAFC, considered together with its Subsidiaries.
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Examples of FAIC in a sentence

  • If circumstances beyond the control of FAIC, the institution, and/or the assessor (e.g. illness, catastrophic weather event, terrorist attack, pandemic, etc.) require the cancellation of the site visit or any component of this agreement, every effort will be made to adjust the schedule to a timeline suitable to all, acknowledging programmatic and funding restrictions faced by FAIC.

  • Should the fees total less than the allocation, FAIC will pay the lesser amount.

  • If cancellation occurs after the site visit but before completion of the final report, FAIC will compensate the assessor with 40% of the allocation amount, and the institution shall reimburse any non-refundable travel and out-of-pocket expenditures made before the time of notification.

  • Prior to the Closing Date, the Seller shall either (1) deliver to FAIC II or its designee in escrow, for examination, the Mortgage Loan Documents pertaining to each Mortgage Loan, or (2) make such Mortgage Loan Documents available to FAIC II or its designee for examination at the Seller's offices or at such other place as the Seller shall specify.

  • Subject to the sale of the Mortgage Loans by the Seller to FAIC II in accordance with the terms of this Agreement, FAIC II hereby authorizes and instructs the Seller, and the Seller hereby agrees, to record (or to cause one of its affiliates to record) all assignments with respect to each Mortgage Loan required to be contained in the Mortgage File pursuant to the Indenture in the public recording office for the jurisdiction in which the related Mortgaged Property is located.

  • The Seller hereby grants to FAIC II a first lien on and a continuing first priority security interest in each Mortgage Loan and each document and instrument evidencing each Mortgage Loan to secure the performance by the Seller of its obligation to deliver such Mortgage Loans hereunder.

  • The fact that FAIC II, the Indenture Trustee or a designee of either entity has conducted or has failed to conduct any partial or complete examination of the Mortgage Loan Documents shall not affect the rights of FAIC II, the Indenture Trustee (or any assignee or successor of either of them) to demand repurchase or other relief as provided herein.

  • The Seller shall, with FAIC II's consent, amend or modify, or provide information to FAIC II enabling it to amend or modify, Schedule I on or prior to the Closing Date if necessary to reflect the inclusion of additional Mortgage Loans and the withdrawal of certain of the Mortgage Loans currently listed on the attached Schedule I.

  • If at any time FAIC II or the Indenture Trustee discovers or receives notice that any Mortgage Loan Document is missing or defective in any material respect with respect to any Mortgage Loan, or that there exists any material discrepancy between the Mortgage Loan Documents and the Mortgage Loan Schedule, it shall promptly notify the Seller in writing thereof.

  • Prior to such delivery, the Seller shall hold any such documents for the benefit of FAIC II, its successors and assigns.

Related to FAIC

  • AIC means “All India Category”.

  • Medically necessary care means care that is (1) appropriate and consistent with and essential for the prevention, diagnosis, or treatment of a Patient’s condition; (2) the most appropriate supply or level of service for the Patient’s condition that can be provided safely; (3) not provided primarily

  • Primary care giver" means a person who assumes the principal role of providing care and attention to a child.

  • FAIS means the Financial Advisory and Intermediary Services Act, No. 37 of 2002.

  • Best management practice or "BMP" means schedules of activities, prohibitions of practices, including both structural and nonstructural practices, maintenance procedures, and other management practices to prevent or reduce the pollution of surface waters and groundwater systems from the impacts of land-disturbing activities.