Loss of Qualification Sample Clauses

Loss of Qualification. Promptly after the occurrence thereof, notice of any Mortgage Loan or Mortgage-Backed Security included in the Facility 1 Borrowing Base, that ceases to qualify as an Eligible Mortgage Loan or Eligible Mortgage-Backed Security, as the case may be;
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Loss of Qualification. JTACs who fail to comply with qualification requirements IAW para 5.2.5. (x.x. XXXX and controls or Evaluation) are considered unqualified. JTACs who fail to successfully complete JMTL Tasks/Table 5.2.5.2. requirements must, under the supervision of a qualified JTAC and IAW signatory directives, complete the number and category (e.g., appropriate night, fixed-wing, ordnance, etc.) of controls they failed to accomplish to regain qualification. Supervision is required only for those events which were not accomplished (e.g. if night was not accomplished; only night control requires supervision); the JTAC may still control, without supervision, in the other areas they have not lapsed in. A JTAC who is unqualified (JMTL tasks) for more than six months, but less than 24 months, must complete the JMTL requirements IAW para 5.2.5.1. (JTAC Qualification Process), under the supervision of a qualified JTAC or JTAC-I. A JTAC who fails to satisfactorily complete an evaluation, will only be authorized to control while under the supervision of a qualified JTAC. This restriction will remain in place until the unqualified JTAC satisfactorily completes a subsequent re-evaluation conducted by a JTAC-E.
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Loss of Qualification. JTACs who fail to comply with qualification requirements (e.g. Controls or Evaluation) are considered Unqualified. Unqualified JTACs (controls) must, under the supervision of a qualified JTAC and IAW Service, USSOCOM, or National directives, complete the number and category (e.g., appropriate night, fixed-wing, ordnance, etc.) of controls they failed to accomplish in the previous six months. A JTAC who is unqualified (controls) for more than six months, but less than 24 months, must complete the control requirements IAW para
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Loss of Qualification. The Company shall promptly notify the Master Trustee of any determination by the Internal Revenue Service that any Plan has ceased to be qualified under ss. 401(a) of the Code. Upon such event or in the event that any Plan shall otherwise cease to become qualified, the equitable share of such Plan participating in the Master Trust Fund shall be promptly segregated and withdrawn from the Master Trust Fund.
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Loss of Qualification. At the Company's discretion, an employee who fails to work within a job classification for 18 consecutive months, may lose their qualification for that classification. In such circumstances, the employee is again subject to the qualifying procedures in Article IX, Section 13.
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Loss of Qualification. Promptly after the occurrence thereof, notice of any Mortgage Loan or Mortgage- Backed Security included in any Borrowing Base that ceases to qualify for inclusion in such Borrowing Base in accordance with the terms of this Agreement and the other Loan Documents;
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Loss of Qualification. Promptly after the occurrence thereof, --------------------- notice of any Mortgage Loan that ceases to be an Eligible Mortgage Loan:
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Loss of Qualification. 65 (iii) Specialty Mortgage Products Report................. 65 (c) Maintenance of Existence and Properties; Compliance with Laws............................... 65 (d) Maintenance of Federal Agency Status ....................... 65 (e) Inspection of Property; Books and Records; Discussions ....................................... 65 (f) Insurance .................................................. 66 (g) Payment of Taxes and Claims ................................ 66 (h) Servicing Rights and Servicing Portfolio ................... 66 (i) Ownership Structure......................................... 66 (j)
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Loss of Qualification. Notice of any change in the Type of any Mortgage Loan (other than changes of Eligible Conforming Mortgage Loans into Eligible Gestation Mortgage Loans) included in the Tranche A Borrowing Base or the Tranche B Borrowing Base or of any Mortgage Loan or Agency MBS included in the Tranche A Borrowing Base or the Tranche B Borrowing Base that shall cease to qualify as an Eligible Mortgage Loan or Eligible Agency MBS hereunder promptly after the occurrence thereof; and
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Related to Loss of Qualification

  • FCC Qualifications Section 7.04

  • Existence; Qualification The Borrowers will at all times preserve and keep in full force and effect their existence as a limited partnership, limited liability company, or corporation, as the case may be, and all rights and franchises material to its business, including their qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states where the Properties are located.

  • Due Qualification The Servicer is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

  • Tax Qualification Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service and nothing has occurred since the date of the last such determination which resulted or is likely to result in the revocation of such determination.

  • Existence, Qualification, Etc Except as otherwise expressly permitted under Section 8.7, do or cause to be done all things necessary to preserve and keep in full force and effect its existence and all material rights and franchises, and maintain its license or qualification to do business as a foreign corporation and good standing in each jurisdiction in which its ownership or lease of property or the nature of its business makes such license or qualification necessary;

  • Foreign Qualifications Each of the Company and its subsidiaries is duly qualified as a foreign entity to transact business and is each in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to be so qualified would not singularly, or in the aggregate, in the reasonable judgment of the Company, be expected to result in a Material Adverse Effect.

  • Foreign Qualification Prior to the Company’s conducting business in any jurisdiction other than Delaware, the Majority Members shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Majority Members, with all requirements necessary to qualify the Company as a foreign limited liability company in that jurisdiction.

  • Due Qualification and Good Standing The Borrower is in good standing in the State of Delaware. The Borrower is duly qualified to do business and, to the extent applicable, is in good standing in each other jurisdiction in which the nature of its business, assets and properties, including the performance of its obligations under this Agreement, the other Facility Documents to which it is a party and its Constituent Documents, requires such qualification, except where the failure to be so qualified or in good standing could not reasonably be expected to have a Material Adverse Effect.

  • Blue Sky Qualifications The Company shall use its best efforts, in cooperation with the Underwriters, if necessary, to qualify the Public Securities for offering and sale under the applicable securities laws of such states and other jurisdictions (domestic or foreign) as the Representative may designate and to maintain such qualifications in effect so long as required to complete the distribution of the Public Securities; provided, however, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject.

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