Agency Approval Sample Clauses
The Agency Approval clause establishes that certain actions, decisions, or agreements within a contract require the explicit consent or authorization of a designated agency. In practice, this means that parties must seek and obtain written or formal approval from the specified agency before proceeding with particular activities, such as subcontracting, making material changes, or incurring specific expenses. This clause ensures oversight and control by the agency, helping to maintain compliance with regulations and preventing unauthorized commitments or actions.
Agency Approval. The Servicer has been approved by FNMA or FHLMC and will remain approved as an "eligible seller/servicer" of conventional, residential mortgage loans as provided in FNMA or FHLMC guidelines and in good standing. The Servicer has not received any notification from FNMA or FHLMC that the Servicer is not in compliance with the requirements of the approved seller/servicer status or that such agencies have threatened the servicer with revocation of its approved seller/servicer status.
Agency Approval. 5.2.7. Financial Condition......................................... 5.2.8. Servicing Practices......................................... 5.2.9.
Agency Approval i. Upon the request of the Town, the Owner shall provide to the Town written confirmation of approval of the Site Plan by any other agencies and utility companies.
Agency Approval. Written approval from Freddie Mac approving the Pledge to the Administrative Agent of the Collateral hereunder;
Agency Approval. The Borrower shall at all times maintain copies of relevant portions of all final written ▇▇▇▇▇▇ ▇▇▇, Freddie Mac, HUD and ▇▇▇▇▇▇ ▇▇▇ audits, examinations, evaluations, monitoring reviews and reports of its origination and servicing and subservicing operations (including those prepared on a contract basis for any such agency) in which there are material adverse findings, including without limitation notices of defaults, notices of termination of approved status, notices of imposition of supervisory agreements or interim servicing agreements, and notices of probation, suspension, or non-renewal, and all necessary approvals from each of ▇▇▇▇▇▇ ▇▇▇, Freddie Mac, HUD and ▇▇▇▇▇▇ ▇▇▇. The Borrower shall not take any action, or fail to take any action, that would permit ▇▇▇▇▇▇ ▇▇▇, Freddie Mac, HUD or ▇▇▇▇▇▇ ▇▇▇ to terminate its right to service loans for ▇▇▇▇▇▇ ▇▇▇, Freddie Mac, HUD or ▇▇▇▇▇▇ ▇▇▇ with cause.
Agency Approval. The Company has been approved by GNMA, FNMA and FHLMC and will remain approved as an "eligible seller/servicer" of residential mortgage loans as provided in GNMA, FNMA, or FHLMC guidelines and in good standing. The Company has not received any notification from GNMA, FNMA or FHLMC that the Company is not in compliance with the requirements of the approved "seller/servicer" status. The Company is a mortgagee approved by the Secretary of HUD pursuant to Section 203 and 211 of the National Housing Act. The Company has not received any notification from HUD that the Company is not in compliance with the requirements of the approved mortgagee status.
Agency Approval. Agency approval of the subordination request requires that:
(1) The subordination of the lender’s lien position enhances the borrower’s business and is in the best financial in- terest of the Agency;
(2) The lien to which the guaranteed loan is subordinated is for a fixed dol- lar amount or fixed credit limit and for a fixed term, after which the ▇▇▇▇▇▇- ▇▇▇▇ loan lien priority will be restored;
Agency Approval. The Agreement is subject to final approval by appropriate senior leadership at DHS, which could take up to 10 calendar days or longer. The Government will use its best efforts to expedite the approval process.
Agency Approval. All borrower merg- ers or consolidations (herein referred to as ‘‘mergers’’) require approval by the Agency and the lender. The Agency may approve a merger when—
Agency Approval. ORS. 670.600. Independent Contractor Standards. As used in various provisions of ORS chapters 316, 656, 657 and 701, an individual or business entity that performs labor or services for remuneration shall be considered to perform the labor or services as an "independent contractor" if the standards of this section are met. State agency certifies the contracted work meets the following standards: