Common use of Underwriting Criteria Clause in Contracts

Underwriting Criteria. MBIA shall maintain its criteria ----------- --------------------- for underwriting Insurance Contracts substantially as in effect on the Restatement Effective Date and as disclosed to the Administrative Agent and the Banks, and Insured Obligations which are placed in the Covered Portfolio by MBIA shall in MBIA's reasonable judgment represent an overall risk of loss (based on all factors including without limitation investment quality and geographical and market diversification) which is not materially greater than the risk of loss represented by all of MBIA's Insured Obligations.

Underwriting Criteria. MBIA shall maintain its criteria ----------- --------------------- for underwriting Insurance Contracts substantially as in effect on the Restatement Effective Agreement Date and as disclosed to the Administrative Agent and the Banks, and Insured Obligations which are placed in the Covered Portfolio by MBIA shall in MBIA's reasonable judgment represent an overall risk of loss (based on all factors including without limitation investment quality and geographical and market diversification) which is not materially greater than the risk of loss represented by all of MBIA's Insured Obligations.

Underwriting Criteria. MBIA shall maintain its criteria ----------- --------------------- for underwriting Insurance Contracts substantially as in effect on the Restatement Effective Agreement Date and as disclosed to the Administrative Agent and the Banks, and Insured Obligations which are placed in the Covered Portfolio by MBIA shall in MBIA's ’s reasonable judgment represent an overall risk of loss (based on all factors including without limitation investment quality and geographical and market diversification) which is not materially greater than the risk of loss represented by all of MBIA's ’s Insured Obligations.