FHA/VA Sample Clauses

FHA/VA. Seller shall make all advances and other payments and provide all such reports and notices as are required under the FHA Regulations or VA Regulations, as applicable, and otherwise take all actions necessary to maintain and keep in full force and effect, during the term of this Agreement, the FHA Insurance Contract or VA Guaranty Agreement, as applicable, including providing any notices required to be delivered to the FHA or the VA, as the case may be, by the Seller in connection with the servicing of the Loans pursuant hereto.
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FHA/VA. The Buyer's obligation to close this transaction is contingent upon Buyer applying for and obtaining (a)  FHA, 37 [(1)  fixed or (2)  adjustable] (including FHA closing costs) or  VA (including VA funding fee) first mortgage loan in 38 the maximum allowable amount (b) at an interest rate  at prevailing rates and termsnot to exceed %,
Sample 1
FHA/VA. Each of Seller and/or any other Qualified Originator, if applicable, is an FHA Approved Mortgagee and a VA Approved Lender, in good standing to service mortgages and has not been suspended as a mortgagee or servicer by the FHA or VA, as applicable. Seller and the Subservicer are not under review or investigation and do not have knowledge of imminent or future investigation, by the FHA or VA.
Sample 1
FHA/VA. In addition, in the event any FHA Conditional Commitment or VA Certificate of Reasonable Value vary from the agreed upon purchase price of the Property, then Seller, at its sole option, may terminate the Contract at which xxxx Xxxxxx shall refund Purchaser’s xxxxxxx money and Seller shall have no further obligations to Purchaser whatsoever and the Contract shall be deemed null and void and of no further force or effect.
Sample 1
FHA/VA. Each of Seller, PennyMac Corp. and/or any other Qualified Originator, if applicable, is an FHA Approved Mortgagee and a VA Approved Lender in good standing to acquire, originate and service, as applicable, mortgages and has not been suspended as a mortgagee or servicer by FHA or VA as applicable. Seller and Subservicer are not under review or investigation or have knowledge of imminent or future investigation, by FHA or VA.
Sample 1
FHA/VA. Seller shall not be required to obtain any specific approvals to cause the Property to qualify for FHA or VA homebuyer financing programs.
Sample 1
FHA/VA. The Buyer's obligation to close this transaction is contingent upon Buyer applying for and obtaining (a) FHA,  
Sample 1
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Related to FHA/VA

  • FACULTATIVE REINSURANCE For Facultative reinsurance, the Reinsurer’s liability will commence at the same time as the Ceding Company’s liability, provided that the Reinsurer has made a binding Facultative offer and that offer was accepted, during the lifetime of the insured, in accordance with the terms of this Agreement.

  • Credit for Reinsurance Retrocessionaire shall take all actions reasonably necessary, if any, to permit Retrocedant to obtain full financial statement credit in all applicable U.S. jurisdictions for all liabilities assumed by the Retrocessionaire pursuant to this Agreement, including but not limited to loss and loss adjustment expense reserves, unearned premium reserves, reserves for incurred but not reported losses, allocated loss adjustment expenses and ceding commissions, and to provide the security required for such purpose, in a form reasonably acceptable to Retrocedant. Any reserves required by the foregoing in no event shall be less than the amounts required under the law of the jurisdiction having regulatory authority with respect to the establishment of reserves relating to the relevant Reinsurance Contracts. For purposes of this Article XIX, such "actions reasonably necessary" may include, without limitation, the furnishing of a letter of credit or the establishment of a custodial or trust account, as permitted under applicable law, to secure the payment of the amounts due the Retrocedant under this Agreement.

  • Reinsurance Administration THE COMPANY shall perform all duties with respect to the administration of the reinsurance under this Agreement on the portion of the policies reinsured under this Agreement.

  • Basis of Reinsurance Reinsurance under this Agreement will be on the Yearly Renewable Term basis on the portion of each policy that is reinsured as described in Schedule A.

  • Health Care Compliance Neither the Company nor any Affiliate has, prior to the Effective Time and in any material respect, violated any of the health care continuation requirements of COBRA, the requirements of FMLA, the requirements of the Health Insurance Portability and Accountability Act of 1996, the requirements of the Women's Health and Cancer Rights Act of 1998, the requirements of the Newborns' and Mothers' Health Protection Act of 1996, or any amendment to each such act, or any similar provisions of state law applicable to its Employees.

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