Underwriting Policy Sample Clauses

Underwriting Policy. The Reinsureds undertake, to the extent they are legally able to do so and except as may otherwise be required under Applicable Laws, not to commute, terminate or make any material amendments to any reinsurance arrangement (whether or not in force as at the date of this Reinsurance Agreement) relating to the business protected under this Reinsurance Agreement except with the prior written consent of the Reinsurer (which consent shall not be unreasonably withheld or delayed) if any such commutation, termination or amendment is likely to increase materially the Reinsurer's liability under this Reinsurance Agreement. In the case of any other such commutation, termination or amendment, the Principal Reinsured shall use reasonable endeavours in good faith to inform the Reinsurer in advance of the such commutation, termination or amendment and the parties shall consult in good faith with respect to the same.
Sample 1
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Underwriting Policy. Each US Originator shall comply in all material respects with its usual business, underwriting, credit, collection and administration policies (including, without limitation, its policies in relation to write offs) (its Policies) in entering into transactions which give rise to US Receivables contributed by it hereunder and will not make any change to its Policies applicable to any Securitised US Receivable without the consent of the US Master Purchaser, the Security Agent and each Xxxxxxxx US Note Purchaser unless (i) the Rating Condition is satisfied with respect to such change or (ii) if such change could reasonably be expected to have a Material Adverse Effect;
Sample 1
Underwriting Policy. Such US Originator shall comply in all material respects with its usual business, underwriting, credit, collection and administration policies (its Policies) in entering into transactions which give rise to US Receivables contributed by it hereunder and will not make any change to its Policies applicable to any Securitised US Receivable without the consent of the US Master Purchaser, the Security Agent and each Xxxxxxxx US Note Purchaser unless (i) the Rating Condition is satisfied with respect to such change or (ii) if such change could reasonably be expected to have a Material Adverse Effect;
Sample 1
Underwriting Policy. The Reinsured undertakes not to introduce any change in its established acceptance and underwriting policy in respect of the classes of business protected under this Reinsurance Agreement without prior approval by the Reinsurer and any reinsurance arrangement related thereto shall be maintained or deemed to be maintained unaltered for the purpose of this Reinsurance Agreement.
Sample 1
Underwriting Policy. Each Mortgage Loan has been originated in accordance with the Underwriting Policy (including all supplements or amendments thereto) previously provided to the Facility Agent and the Group Agents.
Sample 1
Underwriting Policy. 第十二条 核保政策 The Reinsured shall inform the Reinsurer of any material changes in its established underwriting policy in respect of the lines of business to which this Agreement applies. Should the Reinsured fail to inform the Reinsurer, the Reinsurer shall be exempted any liability in respect of insurance losses under the Policies affected by such change and instead return the respective reinsurance premiums relating to any period after such change had been introduced at terms to be agreed by both parties. Notwithstanding the foregoing, the Reinsurer may negotiate with the Reinsured for any other solutions. The established underwriting policy is set out, inter alia, in the policy forms, general conditions and tariffs used by the Reinsured at the commencement of this Agreement. A change in the established underwriting policy is material if it may increase the Reinsurer's liability to such an extent that a reasonable Reinsurer would, under the same circumstances, have declined to cover such policies under the same terms and conditions. 本合同项下业务的现有核保政策如发生重大变化，再保险分出人应 及时通知再保险接受人。否则，对受变更影响的保单项下的保险损 失，再保险接受人应当免除赔偿责任，并按双方约定退还变更发生 后相应再保险期间的再保险保费。双方亦可协商采取其他解决方案。 现有核保政策主要体现于再保险分出人在本合同开始时使用的保单条款、条件和费率等。 重大变化是指现有核保政策的变化可能会增加再保险接受人的责任，以至于审慎的再保险接受人在同样情况下会拒绝以相同条件承保该业务。
Sample 1

Related to Underwriting Policy

  • Underwriting Guidelines A true and correct copy of the Underwriting Guidelines certified by an officer of the Seller.

  • Underwriting Requirements (a) If, pursuant to Subsection 2.1, the Initiating Holders intend to distribute the Registrable Securities covered by their request by means of an underwriting, they shall so advise the Company as a part of their request made pursuant to Subsection 2.1, and the Company shall include such information in the Demand Notice. The underwriter(s) will be selected by the Company and shall be reasonably acceptable to a majority in interest of the Initiating Holders. In such event, the right of any Holder to include such Holder’s Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company as provided in Subsection 2.4(e)) enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Subsection 2.3, if the managing underwriter(s) advise(s) the Initiating Holders in writing that marketing factors require a limitation on the number of shares to be underwritten, then the Initiating Holders shall so advise all Holders of Registrable Securities that otherwise would be underwritten pursuant hereto, and the number of Registrable Securities that may be included in the underwriting shall be allocated among such Holders of Registrable Securities, including the Initiating Holders, in proportion (as nearly as practicable) to the number of Registrable Securities owned by each Holder or in such other proportion as shall mutually be agreed to by all such selling Holders; provided, however, that the number of Registrable Securities held by the Holders to be included in such underwriting shall not be reduced unless all other securities are first entirely excluded from the underwriting. To facilitate the allocation of shares in accordance with the above provisions, the Company or the underwriters may round the number of shares allocated to any Holder to the nearest one hundred (100) shares.

  • Underwriting Procedures If the Initiating Holders so elect, the offering of Registrable Securities pursuant to a Demand Registration shall be in the form of a firm commitment underwritten offering and the managing underwriter or underwriters selected for such offering shall be the Approved Underwriter (as hereinafter defined) selected in accordance with Section 3(f). In connection with any Demand Registration under this Section 3 involving an underwriting, none of the Registrable Securities held by any of the Insurance Partners Stockholders (other than the Initiating Holders) or shares of Common Stock held by any Other Rightholders making a request for inclusion thereof pursuant to Section 3(a) shall be included in such underwriting unless such Insurance Partners Stockholders or Other Rightholders, as the case may be, accept the terms of the underwriting as agreed upon by the Company, the Initiating Holders and the Approved Underwriter, and then only in such quantity as will not, in the opinion of the Approved Underwriter, jeopardize the success of such offering. If the Approved Underwriter advises the Company in writing that in its opinion the aggregate amount of Common Stock requested to be included in such offering is sufficiently large to have a material adverse effect on the success of such offering, then the Company shall include in such registration only the aggregate amount of Common Stock that in the opinion of the Approved Underwriter may be sold without any such material adverse effect and shall reduce, as to the Initiating Holders, the Insurance Partners Stockholders (other than the Initiating Holders) and the Other Rightholders as a group, the amount of Common Stock to be included in such registration, pro rata within such group based on the number of Registrable Securities and other shares of Common Stock included in the request for registration pursuant to Section 3(a).

  • Underwriting Agreements If requested by the Underwriters for any Underwritten Offering requested by holders pursuant to Sections 2.1 or 2.3, the Company and the holders of Registrable Securities to be included therein shall enter into an underwriting agreement with such Underwriters, such agreement to be reasonably satisfactory in substance and form to the Company, the holders of a majority-in-interest of each class of the Registrable Securities to be included in such Underwritten Offering and the Underwriters, and to contain such terms and conditions as are generally prevailing in agreements of that type, including, without limitation, indemnities no less favorable to the recipient thereof than those provided in Section 2.4. The holders of any Registrable Securities to be included in any Underwritten Offering pursuant to Section 2.2 shall enter into such an underwriting agreement at the request of the Company. All of the representations and warranties and the other agreements by and on the part of the Company to and for the benefit of the Underwriters included in any such underwriting agreement shall also be made to and for the benefit of such holders, and any or all of the conditions precedent to the obligations of the Underwriters under such underwriting agreement shall be conditions precedent to the obligations of such holders. No holder shall be required in any such underwriting agreement to make any representations or warranties to or agreements with the Company or the Underwriters other than representations, warranties or agreements regarding such holder, such holder’s Registrable Securities, such holder’s intended method of distribution and any other representations required by law.

  • Underwriting Agreement This Agreement has been duly authorized, executed and delivered by the Company.

  • Underwriting Methodology The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the related Mortgagor's income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the related Mortgagor's equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the related Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;

  • Underwriting; Due Diligence (a) If requested by the underwriters for any underwritten offering of Registrable Securities pursuant to a registration requested under this Agreement, the Company shall enter into an underwriting agreement, with such underwriters for such offering, such agreement to contain such representations and warranties by the Company and such other terms and provisions as are customarily contained in underwriting agreements with respect to secondary distributions, including, without limitation, indemnities and contribution substantially to the effect and to the extent provided in Section 8 hereof and the provision of opinions of counsel and accountants' letters to the effect and to the extent provided in Section 5(e) hereof. The Selling Holders on whose behalf the Registrable Securities are to be distributed by such underwriters shall be parties to any such underwriting agreement and the representations and warranties by, and the other agreements on the part of, the Company to and for the benefit of such underwriters, shall also be made to and for the benefit of such Selling Holders. Such underwriting agreement shall also contain such representations and warranties by the Selling Holders on whose behalf the Registrable Securities are to be distributed as are customarily contained in underwriting agreements with respect to secondary distributions. The Selling Holders may require that any additional securities included in an offering proposed by a Holder be included on the same terms and conditions as the Registrable Securities that are included therein.

  • Funding Policy The funding policy for this Split Dollar Plan shall be to maintain the subject policy in force by paying, when due, all premiums required.

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