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

  • The Underwriting Authority may, depending on the circumstances, elect to provide for coverage in cases of partial or total loss of the investment.

  • The Underwriting Authority shall assess the risks to be assumed under each proposed guarantee.

  • In appropriate cases, the Underwriting Authority may deem the Investment Project to comply with the laws and regulations, including in particular any investment codes, of the Host Country in the light of other evidence, such as an investment contract between the Applicant and the Host Country or a formal admission of the investment by the Host Country.

  • Such currency may be a freely usable currency within the meaning of Article 3(e) of the Convention or any other currency of a member agreed upon between the Underwriting Authority and the Applicant.

  • In determining ownership of an investor, the Underwriting Authority shall have regard to beneficial rather than record ownership.

  • In accordance with Article 25 of the Convention, the Underwriting Authority shall apply sound business and prudent financial management practices in making this assessment.

  • In the absence of an applicable advance approval by the Host Country, the Underwriting Authority shall also obtain, or require the Guarantee Holder to obtain, the Host Country’s approval for any increase in the amount of guarantee other than an increase resulting from the exercise of a standby option, and for any extension of the period of guarantee or any issuance of coverage for additional types of risk.

  • Unless the Host Country states otherwise, the Underwriting Authority may deem approval of a certain coverage to include approval of any lesser coverage of the same risk.

  • In accordance with Article 11(a)(i) of the Convention, the Underwriting Authority may provide coverage for losses arising from any introduction attributable to the Host Government of restrictions on the conversion of local currency into a freely usable currency, or into another currency acceptable to the Guarantee Holder and/or on the transfer outside the Host Country of either the local currency or the foreign currency into which the local currency was converted.

  • The Company retains Underwriting Authority for all policies issued under these agreements.

Related to Underwriting Authority

  • Underwriting Agreement means the Underwriting Agreement, dated ______ __, 19__, among the Trust, the Depositor and the underwriters named therein.

  • Underwriters has the meaning set forth in the Underwriting Agreement.

  • Regulatory Authority means any applicable supra-national, federal, national, regional, state, provincial, or local governmental or regulatory authority, agency, department, bureau, commission, council, or other entities (e.g., the FDA, EMA and PMDA) regulating or otherwise exercising authority with respect to activities contemplated in this Agreement.

  • Accounting Authority means the Board of PRASA;

  • Managing Underwriter means, with respect to any Underwritten Offering, the book running lead manager of such Underwritten Offering.

  • Authority or Housing Authority (HA means the Housing Authority.

  • Applicable Insurance Regulatory Authority means, when used with respect to any Insurance Subsidiary, the insurance department or similar administrative authority or agency located in the state in which such Insurance Subsidiary is domiciled.

  • Signing Authority means an officer or agent of the organization with written authorization to commit the legal entity to a binding agreement.

  • Permitting authority means the Iowa department of natural resources or the director thereof.