Underwriting Authority definition

Underwriting Authority means the President or any official or officials of the Agency designated by the President to make the decision on the issuance of a guarantee and on related matters; and
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Underwriting Authority means the acceptance or declination of risks
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Examples of Underwriting Authority in a sentence

  • Underwriting Authority • Delegated underwriting only • Non-delegated underwriting not permitted FICO Requirements • All borrowers must have a 640 minimum credit score subject to an AUS approval • If any of the borrowers do not have a usable credit score, the loan is NOT eligible.

  • Underwriting Authority • Delegated underwriting only o Non-delegated underwriting not permitted FICO Requirements • All borrowers must have a 640 minimum credit score subject to an AUS approval • If any of the borrowers do not have a usable credit score, the loan is NOT eligible.

  • The Delegated Underwriting Authority contained in this Addendum may be terminated by Chase, for any reason, and in Chase's sole discretion, upon written notice.

  • Chase agrees that so long as Correspondent's Delegated Underwriters's Delegated Underwriting Authority remains in effect, Chase shall purchase Loans originated and underwritten by Correspondent's Delegated Underwriters, in accordance with the terms and conditions set forth in the Agreement, the Chase Correspondent Manual, and this Addendum.

  • The Delegated Underwriting Authority contained in this Addendum may be terminated by DIME for any reason, and in DIME'S sole discretion, upon written notice.

  • The Deerfield Entities hereby represent and warrant to the Company that they hold all of the issued and outstanding Deerfield Warrants and that, immediately following the EGI Closing, all of the issued and outstanding Deerfield Warrants will have been redeemed by the Company pursuant to the terms of this Agreement.

  • Administrator and Company agree that Exhibit A – Underwriting Authority and Underwriting Guidelines Section 2: Maximum Annual Direct Written Premium shall be amended to add the following: [***] [***] million [***] [***] million 2.

  • Administrator and Company agree that Exhibit A – Underwriting Authority and Underwriting Guidelines shall be amended and restated in its entirety and replaced with Exhibit A attached hereto and made a part hereof effective the Execution Date of this First Amendment.

  • For any reason the Program Administrator suspends the MGA’s Underwriting Authority, the Program Administrator will immediately lift any such suspension once the MGA cures all of the grounds upon which the suspension was based.

  • Underwriting Authority to those underwriters of Correspondent set forth on Exhibit A ("Delegated Underwriters") which may be amended from time to time by Chase.

Related to Underwriting Authority

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • Requesting Authority means the Authority making a request under this MoU.

  • Controlling Authority means the Minister administering the Tasmanian State Service Act 1984.

  • Funding Authority means the body awarding the grant for the Project.

  • Underwriting Agreement means the underwriting agreement, dated as of _________, 2024, among the Company and ▇▇▇▇▇-▇▇▇▇▇▇ Capital Group LLC as representative of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.