Operational Enhancements Sample Clauses

Operational Enhancements. The Company implemented a number of operational enhancements to address the LMA Practices. In particular, the Company has: - as of September 7, 2014, ceased the practice of sending solicitation letters for Streamlined Loan Modifications to Borrowers in a Bankruptcy Case; - enhanced its practices to ensure that only fees and costs properly noticed in accordance with Bankruptcy Rules 3001, 3002 and 3002.1, or allowed by court order, will be assessed and/or capitalized into Loan Modifications that occur during Bankruptcy Cases. These enhanced processes and procedures also ensure that all accounts are reviewed at certain milestones such as following the implementation of the Loan Modification and discharge for any unnoticed capitalized fees or costs; - appointed a designated bankruptcy liaison to coordinate loss mitigation efforts for bankruptcy accounts and facilitate communication between the loss mitigation and bankruptcy departments regarding bankruptcy Loan Modification issues; and - enhanced its policies and procedures for the preparation and filing of Bankruptcy Documents related to Loan Modifications, including a more robust reporting mechanism so that the reports make clear that, at a minimum: (i) Motions for Approval, PCNs, and/or APOCs are appropriately and timely filed in Bankruptcy Cases in which the Company enters into a Loan Modification with a Borrower as may be required by a particular jurisdiction;2 and (ii) there is a process for escalating and resolving issues about a proposed pleading to management as necessary. The operational enhancements described above were implemented by the Company on or before the third quarter of 2017.
Sample 1
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Operational Enhancements. The Company has implemented a number of operational enhancements to address the Escrow Practices. In particular, the Company has: - established a requirement that escrow analyses be run annually for Mortgage Loans in Bankruptcy Cases unless an exception applies; - established a requirement for PCNs to be filed for such escrow analyses; - established control processes and reporting mechanisms to identify any Mortgage Loans in Bankruptcy Cases with an Escrow Account that have not had an escrow analysis run for each Escrow Cycle, and to complete analyses for such Mortgage Loans unless an exception applies; and - implemented various technological enhancements to further enhance its escrow process. The operational enhancements described above were implemented by the Company on or before the fourth quarter of 2016.
Sample 1
Operational Enhancements. The Company has implemented a number of operational enhancements to address the Advances Practices. In particular, the Company has: - established a team within the bankruptcy department with the responsibility of preparing, reviewing, and filing NPFCs; - adopted or enhanced checklists to assist in the preparation of and quality control review of NPFCs as they relate to Advances in order to ensure compliance with the requirements of the Bankruptcy Code and Bankruptcy Rules; - established a procedure by which, when performing a Reconciliation of an account for a Borrower in a Bankruptcy Case, all Unnoticed Advances will be waived from the Borrower’s account in accordance with the Bankruptcy Rules; and - established a procedure by which, when preparing a POC, bankruptcy representatives will review the Mortgage Loan for Unnoticed Advances from a previous, discharged Bankruptcy Case that remain on the account or were previously paid, and will waive or credit, as appropriate, any such Unnoticed Advances before a POC is filed in a subsequent Bankruptcy Case. The operational enhancements described above were implemented by the Company on or before fourth quarter of 2016.
Sample 1
Operational Enhancements. It shall be the objective of the Board to encourage future additional cooperation among Member Agencies. The Executive Director, with the advice and assistance of the Technical Advisory Committees, shall actively consider and evaluate opportunities that would enhance the operational effectiveness of public health and safety communications, to the benefit of the taxpayers and residents of the areas served. The Excutive Director’s and/or Technical Advisory Committees’ recommendations and proposed actions shall be presented to the Board and, when the Board so recommends, to participating Member Agencies.
Sample 1

Related to Operational Enhancements

  • System Enhancements State Street will provide to the Fund any enhancements to the System developed by State Street and made a part of the System; provided that State Street offer the Fund reasonable training on the enhancement. Charges for system enhancements shall be as provided in the Fee Schedule. State Street retains the right to charge for related systems or products that may be developed and separately made available for use other than through the System.

  • Maintenance Plan Maintenance plan for the Project Facility for the next quarter and a report on maintenance carried out during the previous quarter (including any material deviation from expected maintenance activities as set out in the maintenance plan).

  • Maintenance Program LESSEE's Maintenance Program

  • Operational Support Systems (OSS The terms, conditions and rates for OSS are as set forth in Section 2.13 of this Attachment.

  • Maintenance Programme 17.4.1 On or before COD and no later than 45 (forty five) days prior to the beginning of each Accounting Year during the Operation Period, as the case may be, the Concessionaire shall provide to the Authority and the Independent Engineer, its proposed annual programme of preventive, urgent and other scheduled maintenance (the “Maintenance Programme”) to comply with the Maintenance Requirements, Maintenance Manual and Safety Requirements. Such Maintenance Programme shall include:

  • Operational Support Systems <<customer_name>> shall pay charges for Operational Support Systems (OSS) as set forth in this Agreement in Attachment 1 and/or in Attachments 2, 3 and 5, as applicable.

  • Maintenance, Etc The Company will maintain, preserve and keep, and will cause each Consolidated Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its business (whether owned in fee or a leasehold interest) in good repair and working order, ordinary wear and tear excepted, and from time to time will make all necessary repairs, replacements and renewals as the Company may determine to be appropriate to the conduct of its business.

  • Enhancements No Enhancement shall be provided in respect of any Series of Notes, nor will any Enhancement Provider have any rights hereunder, as third-party beneficiary or otherwise, unless the Servicer has provided its prior written consent to such Enhancement, such consent not to be unreasonably withheld.

  • Maintenance of the Primary Insurance Policies; Collections Thereunder (a) The Master Servicer shall not take, or permit any Subservicer to take, any action which would result in non-coverage under any applicable Primary Insurance Policy of any loss which, but for the actions of the Master Servicer or Subservicer, would have been covered thereunder. To the extent coverage is available, the Master Servicer shall keep or cause to be kept in full force and effect each such Primary Insurance Policy until the principal balance of the related Mortgage Loan secured by a Mortgaged Property is reduced to 80% or less of the Appraised Value in the case of such a Mortgage Loan having a Loan-to-Value Ratio at origination in excess of 80%, provided that such Primary Insurance Policy was in place as of the Cut-off Date and the Company had knowledge of such Primary Insurance Policy. The Master Servicer shall be entitled to cancel or permit the discontinuation of any Primary Insurance Policy as to any Mortgage Loan, if the Stated Principal Balance of the Mortgage Loan is reduced below an amount equal to 80% of the appraised value of the related Mortgaged Property as determined in any appraisal thereof after the Closing Date, or if the Loan-to-Value Ratio is reduced below 80% as a result of principal payments on the Mortgage Loan after the Closing Date. In the event that the Company gains knowledge that as of the Closing Date, a Mortgage Loan had a Loan-to-Value Ratio at origination in excess of 80% and is not the subject of a Primary Insurance Policy (and was not included in any exception to the representation in Section 2.03(b)(iv)) and that such Mortgage Loan has a current Loan-to-Value Ratio in excess of 80% then the Master Servicer shall use its reasonable efforts to obtain and maintain a Primary Insurance Policy to the extent that such a policy is obtainable at a reasonable price. The Master Servicer shall not cancel or refuse to renew any such Primary Insurance Policy applicable to a Nonsubserviced Mortgage Loan, or consent to any Subservicer canceling or refusing to renew any such Primary Insurance Policy applicable to a Mortgage Loan subserviced by it, that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for such canceled or non-renewed policy is maintained with an insurer whose claims-paying ability is acceptable to each Rating Agency for mortgage pass-through certificates having a rating equal to or better than the lower of the then-current rating or the rating assigned to the Certificates as of the Closing Date by such Rating Agency.

  • Disaster Recovery Plan Contractor agrees that upon request of System Agency, Contractor shall provide copies of its most recent business continuity and disaster recovery plans.

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