Underwriting Approval definition

Underwriting Approval means with respect to any Mortgage Loan, a written approval, in form and substance satisfactory to Administrative Agent representing the credit underwriting of such Mortgage Loan, issued by the Seller.
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Underwriting Approval means, with respect to any Mortgage Loan, a written approval, in form and substance satisfactory to Buyer representing the credit underwriting of such Mortgage Loan, issued by the applicable Loan Program Authority. The Underwriting Approval may take the form of (1) a “clear to close” approval from the Takeout Investor confirming that such specific Mortgage Loans are approved for purchase by the Takeout Investor, (2) an automated underwriting system “AUS” with a Seller internal clear to close per delegated authorities of the Takeout Investor, (3) a mortgage insurer clear to close per delegated authorities of the Takeout Investor, (4) with respect to a Correspondent Mortgage Loan, an automated underwriting system “AUS”; (5) an approval issued by Seller as delegated by the applicable Loan Program Authority or (6) another form approved by Buyer in writing as set forth on the Addendum.
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Related to Underwriting Approval

  • Underwritten Public Offering means an underwritten Public Offering, including any bought deal or block sale to a financial institution conducted as an underwritten Public Offering.

  • Initial Public Offering means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • Qualified Initial Public Offering means a public offering of the securities of Parent pursuant to an effective registration statement filed under the Securities Act, that is fully underwritten pursuant to a firm commitment contract and with respect to which the product of (a) the price to the public per share multiplied by (b) the aggregate number of offered shares will yield Net Offering Proceeds of at least $50,000,000.

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.