Delegated Authority Matrix definition

Delegated Authority Matrix means the matrix establishing the authorized amounts for defined renovation and change order costs as well as an escalation process for approvals exceeding authorized amounts.
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Delegated Authority Matrix. The delegated authority matrix attached as Exhibit 9 hereto, as may be updated or amended by the written agreement of the Parties, and in addition, the restrictions on the Subservicer’s authority, if any, appearing in the Pricing Schedule are deemed to be a part of the Delegated Authority Matrix.
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Delegated Authority Matrix. The Delegated Authority Matrix attached hereto as Exhibit XII, which may be amended from time to time by amendment to this Agreement. The Delegated Authority Matrix applies solely to Asset Loans.
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Examples of Delegated Authority Matrix in a sentence

  • In the event estimated repairs exceed pre-authorized amounts per the Delegated Authority Matrix, Altisource will follow the Defined Escalation Process for approval.

  • Altisource will authorize certain Change Orders based on the Delegated Authority Matrix to be performed without delay.

  • Altisource will make reasonable commercial efforts to minimize total overall cost of maintaining Rental Property based on Residential Customer Design Specifications and Delegated Authority Matrix for approval of repairs.

  • Altisource will ensure that all code violations affecting a property which have been filed are resolved and cured within Delegated Authority Matrix guidelines.

  • Subject to the terms and conditions of the MSA, Altisource shall provide, or cause to be provided, to Residential, and any of Residential’s Affiliates, the Property Preservation and Inspection Services with regard to REO Properties within the Delegated Authority Matrix and per direction and mutual agreement of Residential as required for each Service.

  • If a requested Change Order exceeds the authorized amounts in the Delegated Authority Matrix, Altisource will follow the Defined Escalation Process for review and approval of the Change Order request.

  • Altisource will, at Residential’s cost and on Residential’s behalf, manage the preservation of each Retail Property and the remediation of property conditions and defects to maintain each Retail Property in a clean and marketable condition at the direction of Residential and pursuant to the Delegated Authority Matrix as defined in the Leasing and Property Management SOW as of the Omnibus Amendment Effective Date.

  • The parties agree that FNMA’s guidelines will be applicable as to any servicing function to be performed by Subservicer hereunder unless Applicable Requirements necessitate another standard, practice or procedure be applied to the particular Mortgage Loan in question; provided that for Asset Loans, Subservicer shall also service the Mortgage Loans in accordance with the Delegated Authority Matrix, if any.

  • Notwithstanding the foregoing, the parties agree that the provisions set forth in the Delegated Authority Matrix must not impair Seller’s ability to achieve on-balance sheet accounting for the contemplated transaction.

  • In the event of a conflict between the Delegated Authority Matrix and the servicing standard set forth in this paragraph, the Subservicer shall follow the Delegated Authority Matrix unless otherwise required by applicable law.

Related to Delegated Authority Matrix

  • Delegated Authority means any person or committee delegated with authority by the Municipality in terms of the provisions of the Municipal Finance Management Act.

  • designated authority means such authority as may be notified by the Commissioner;

  • Administrative authority means the state or local official responsible for the administration and enforcement of this act.

  • Responsible administrative authority means, with respect to a structured settlement, any government authority vested by law with exclusive jurisdiction over the settled claim resolved by the structured settlement.

  • Award Authority means the authority having the jurisdiction to award the Contract according to the City’s by-laws, policies or procedures;

  • Authorized Authority means, in relation to any Person, transaction or event, any (a) federal, provincial, municipal or local governmental body (whether administrative, legislative, executive or otherwise), both domestic and foreign, (b) agency, authority, commission, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, (c) court, arbitrator, commission or body exercising judicial, quasi-judicial, administrative or similar functions, and (d) other body or entity created under the authority of or otherwise subject to the jurisdiction of any of the foregoing, including any stock or other securities exchange, in each case having jurisdiction over such Person, transaction or event; and

  • Appropriate Authority means any government or taxing authority.

  • Authority Board means the board of directors of the state authority appointed under section 16.

  • Sanctions Authorities means the respective governmental institutions and agencies of any of the United States, the United Nations, the European Union, the United Kingdom, including without limitation, OFAC, the United States Department of State, and Her Majesty's Treasury;

  • Applicable Authority means (a) with respect to SOFR, the SOFR Administrator or any Governmental Authority having jurisdiction over the Administrative Agent or the SOFR Administrator and (b) with respect to any Alternative Currency, the applicable administrator for the Relevant Rate for such Alternative Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.

  • Authority Document(s) means document(s) duly adopted by the Board by resolution or motion implementing the powers, functions and activities of the Authority, including but not limited to the Operating Rules and Regulations, the annual budget, and plans and policies.

  • Sanctions Authority means the United States (including, without limitation, OFAC and the U.S. Department of State), the United Kingdom (including, without limitation, Her Majesty’s Treasury), the European Union and any EU member state, the United Nations Security Council, and any other relevant sanctions authority.

  • Compliance Authority means each and all of the (a) U.S. Treasury Department/Office of Foreign Assets Control, (b) U.S. Treasury Department/Financial Crimes Enforcement Network, (c) U.S. State Department/Directorate of Defense Trade Controls, (d) U.S. Commerce Department/Bureau of Industry and Security, (e) the U.S. Internal Revenue Service, (f) the U.S. Justice Department, and (g) the U.S. Securities and Exchange Commission.