Lending Authority definition

Lending Authority means a person or body corporate which agrees to make a loan to the Owner to enable the Owner to pay any money which may become payable to the Builder under the Contract or in relation to the Works.
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Lending Authority means any institution that lends the owner part of or the whole of the contract price;
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Lending Authority means any local authority that provides a loan or other financial accommodation to the Finance Company pursuant to a Finance Company Document.
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Examples of Lending Authority in a sentence

  • I.1.a. City Council Technology Lending Authority Upon request to the City Manager, a Councilmember may borrow City-owned technology, such as laptop or tablet, during his or her term of office for City business use.

  • Major areas of focus are General Credit Policy Guidelines, Exercise of Lending Authority, Credit Review Process, Credit Risk Rating and Classification System, among others.

  • Delegated Lending Authority limits within BEN are delegated by Group Risk under authority from the Board Credit Committee.

  • Deviations from these Underwriting Guidelines are to be considered /approved on a case by case basis by appropriate Delegated Lending Authority holders for credit worthy applications in line with a common sense risk based approach to decision making, subject to proper mitigation which needs to be documented.

  • A Delegated Lending Authority (DLA) is issued to Firstmac employees only.All Firstmac DLA Holders are required to assess each loan in accordance with the Firstmac Residential Lending Policy and the Lender’s Mortgage Insurer Guidelines (where required).Final approval of a loan will only be issued once a Firstmac DLA Holder with appropriate level of authority has reviewed the application, valuation, supporting documentation held and where applicable, Lender’s Mortgage Insurance (LMI) is held.

  • The Director of the Secondary Market Lending Authority may approve a higher SISMBD Loan amount if he/she determines that additional lending capacity is essential to the continued participation of the SISMBD in the SBA Secondary Market in accordance with 120.1833(a).

  • Credit checks are also done through Veda Advantage, an independent credit reporting agency.Housing loan applications are either approved, declined or referred to a credit specialist, ie a Westpac Credit Underwriter or an onsite Mortgage Insurance Underwriter if applications are outside Westpac’s delegated Lending Authority.

  • The site upon which the stadium will be constructed is centrally located with regard to major routes.

  • Statutory Limitations on Lending Authority Under provisions of the Export-Import Bank Act, as amended in FY 2006, Ex-Im Bank’s statutory authority currently is limited to $100.0 billion of loans, guarantees and insurance outstanding at any one time.

  • The Irrevocable Letter of Credit for Performance (if used in place of a Performance Bond) may not be reduced or released prior to completion of the one-year warranty period unless authorized by the OWNER (Town of Plaistow) and approved by the Lending Authority.

Related to Lending Authority

  • Funding Authority means the body awarding the grant for the Project.

  • Issuing authority means the authorized representative of the department of the City who issued the solicitation.

  • Purchasing Authority means the officer signing the acceptance of tender and shall include any officer who has authority to execute the relevant contract on behalf of the Purchaser.

  • Franchising Authority means any Governmental Authority authorized by any federal, state or local law to grant a Franchise or to exercise jurisdiction over the rates or services provided by a cable television system pursuant to a Franchise or over Persons holding a Franchise.

  • Controlling Authority means the Minister administering the Tasmanian State Service Act 1984.

  • Housing authority means a housing authority created or

  • Assessing Authority means the assessing authority constituted under this Act;

  • Licensing authority means the department or division within each participating state which is authorized by law to issue or approve licenses or permits to hunt, fish, trap, or possess wildlife.

  • Authority or Housing Authority (HA) means the Housing Authority.

  • Requesting Authority means the Authority making a request under this MoU.

  • Granting Authority means the body awarding the grant for the Project.

  • Contracting Authority means any contracting authority as defined in Regulation 3 of the Public Contracts Regulations 2006.

  • Awarding Authority means a subordinate or component entity or person of the City (such as a City department or Board of Commissioners) that has the authority to enter into a contract or agreement for the provision of goods or services on behalf of the City of Los Angeles.

  • Permitting authority means the Iowa department of natural resources or the director thereof.

  • Governing authority means the local legislative authority

  • Signing Authority means an officer or agent of the organization with written authorization to commit the legal entity to a binding agreement.

  • Implementing Authority means the Municipal Manager or his or her nominee, acting in terms of section 100 of the Local Government: Municipal Systems Act No. 32 of 2000.

  • Employing Authority means any entity which employs educators, and includes, but is not limited to, school districts, charter schools, boards of directors, and management companies.

  • enforcing authority means the Division of Consumer Protection.

  • State Licensing Authority means the authority created for the purpose of regulating and controlling the licensing of the cultivation, manufacture, distribution, and sale of Medical Marijuana and Retail Marijuana in Colorado, pursuant to section 12-43.3-201, C.R.S.

  • Accepting Authority means the management of the company and includes an authorized representative of the company or any other person or body of persons empowered in this behalf by the company.

  • Balancing Authority means the responsible entity that integrates resource plans ahead of time, maintains load-interchange-generation balance within a Balancing Authority Area, and supports Interconnection frequency in real time.

  • Independent Safeguarding Authority is a non-departmental public body sponsored by the Home Office set up under the provisions of the Safeguarding Vulnerable Groups Act 2006 and which is responsible for the decision making and maintenance of two lists covering the children’s and vulnerable adults’ sectors

  • Regulatory entity means any board, commission, agency,

  • investigating authority means an authority that in terms of national legislation may investigate unlawful activities;

  • Accounting Authority means the Board of PRASA;