{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-servicer", "type": "clause", "offset": [0, 12]}, {"key": "agrees-to", "type": "clause", "offset": [13, 22]}, {"key": "comply-with-the", "type": "clause", "offset": [23, 38]}], "snippet": "The Servicer agrees to comply with the following servicing procedures:", "size": 70, "samples": [{"hash": "8S0CnYf9Cuv", "uri": "/contracts/8S0CnYf9Cuv#servicing-procedures", "label": "Recovery Property Servicing Agreement (SCE Recovery Funding LLC)", "score": 37.5694729637, "published": true}, {"hash": "f7WQK4q3Sg0", "uri": "/contracts/f7WQK4q3Sg0#servicing-procedures", "label": "Recovery Property Servicing Agreement (SCE Recovery Funding LLC)", "score": 37.5557823181, "published": true}, {"hash": "hDXfBwMI373", "uri": "/contracts/hDXfBwMI373#servicing-procedures", "label": "Securitized Asset Cost Property Servicing Agreement (Appalachian Power Recovery Funding LLC)", "score": 37.3997268677, "published": true}], "hash": "f266d15afd53a83a7bf324e3251b47f0", "id": 1}, {"snippet_links": [{"key": "in-all-material-respects", "type": "definition", "offset": [16, 40]}, {"key": "with-respect-to", "type": "clause", "offset": [71, 86]}, {"key": "the-receivables", "type": "clause", "offset": [87, 102]}], "snippet": "It has complied in all material respects with the Servicing Procedures with respect to the Receivables.", "size": 29, "samples": [{"hash": "g8UooyVA047", "uri": "/contracts/g8UooyVA047#servicing-procedures", "label": "Omnibus Amendment (Verizon Owner Trust 2020-A)", "score": 32.8521575928, "published": true}, {"hash": "dYELZvEiMkG", "uri": "/contracts/dYELZvEiMkG#servicing-procedures", "label": "Transfer and Servicing Agreement (Verizon Owner Trust 2020-B)", "score": 32.8521575928, "published": true}, {"hash": "1VcKEIbB100", "uri": "/contracts/1VcKEIbB100#servicing-procedures", "label": "Omnibus Amendment (Verizon Owner Trust 2020-C)", "score": 32.8521575928, "published": true}], "hash": "8b57d4de53ccb94bddf8cf14d4c094d3", "id": 2}, {"snippet_links": [{"key": "the-master-servicer", "type": "definition", "offset": [4, 23]}, {"key": "full-power-and-authority", "type": "clause", "offset": [35, 59]}, {"key": "in-connection-with", "type": "clause", "offset": [157, 175]}, {"key": "servicing-and-administration", "type": "clause", "offset": [181, 209]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [270, 293]}, {"key": "other-transaction-documents", "type": "definition", "offset": [302, 329]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [331, 379]}, {"key": "subject-to-section", "type": "clause", "offset": [384, 402]}, {"key": "execute-and-deliver", "type": "clause", "offset": [500, 519]}, {"key": "all-instruments", "type": "clause", "offset": [529, 544]}, {"key": "release-or-discharge", "type": "clause", "offset": [600, 620]}, {"key": "with-respect-to", "type": "clause", "offset": [660, 675]}, {"key": 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"company-receipts-accounts", "type": "definition", "offset": [1613, 1638]}, {"key": "form-of", "type": "clause", "offset": [1671, 1678]}, {"key": "daily-report", "type": "definition", "offset": [1681, 1693]}, {"key": "pooling-and-servicing-agreements", "type": "definition", "offset": [1729, 1761]}, {"key": "cost-and-expense", "type": "clause", "offset": [1817, 1833]}, {"key": "agent-for-the-company", "type": "clause", "offset": [1841, 1862]}, {"key": "in-accordance-with", "type": "definition", "offset": [1877, 1895]}, {"key": "amount-owing", "type": "clause", "offset": [1948, 1960]}, {"key": "change-in", "type": "clause", "offset": [2045, 2054]}, {"key": "servicing-and-collection", "type": "clause", "offset": [2075, 2099]}, {"key": "terms-of-the", "type": "clause", "offset": [2178, 2190]}, {"key": "after-giving", "type": "clause", "offset": [2228, 2240]}, {"key": "notice-to-the-trustee", "type": "clause", "offset": [2249, 2270]}, {"key": "event-of-default-under", "type": "definition", "offset": [2298, 2320]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [2412, 2433]}, {"key": "in-respect-of", "type": "definition", "offset": [2455, 2468]}, {"key": "not-required", "type": "definition", "offset": [2655, 2667]}, {"key": "company-consents", "type": "definition", "offset": [2733, 2749]}, {"key": "in-writing", "type": "definition", "offset": [2750, 2760]}, {"key": "in-no-event-shall", "type": "clause", "offset": [2831, 2848]}, {"key": "any-action", "type": "definition", "offset": [2905, 2915]}, {"key": "funding-agent", "type": "definition", "offset": [2962, 2975]}, {"key": "investor-certificateholder", "type": "definition", "offset": [2983, 3009]}, {"key": "a-party", "type": "clause", "offset": [3010, 3017]}, {"key": "consent-of", "type": "clause", "offset": [3070, 3080]}, {"key": "except-as-provided-in", "type": "clause", "offset": [3098, 3119]}, {"key": "liquidation-servicer", "type": "definition", "offset": [3210, 3230]}, {"key": "successor-master-servicer", "type": "clause", "offset": [3238, 3263]}, {"key": "the-procedures", "type": "definition", "offset": [3414, 3428]}, {"key": "the-case", "type": "definition", "offset": [3525, 3533]}, {"key": "other-receivables", "type": "clause", "offset": [3571, 3588]}, {"key": "servicing-obligations", "type": "definition", "offset": [3664, 3685]}, {"key": "the-contracts", "type": "clause", "offset": [3737, 3750]}, {"key": "relating-to", "type": "definition", "offset": [3751, 3762]}, {"key": "chattel-paper", "type": "definition", "offset": [3956, 3969]}, {"key": "applicable-ucc", "type": "definition", "offset": [3998, 4012]}, {"key": "applicable-law", "type": "clause", "offset": [4030, 4044]}, {"key": "title-documents", "type": "clause", "offset": [4286, 4301]}, {"key": "days-after", "type": "definition", "offset": [4698, 4708]}, {"key": "chase-manhattan", "type": "definition", "offset": [4888, 4903]}, {"key": "as-trustee", "type": "clause", "offset": [4923, 4933]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [4950, 4977]}, {"key": "pooling-agreement", "type": "definition", "offset": [4978, 4995]}, {"key": "dated-as-of", "type": "definition", "offset": [4997, 5008]}], "snippet": "(a) The Master Servicer shall have full power and authority, acting alone or through any party properly designated by it hereunder, to do any and all things in connection with such servicing and administration that it may deem necessary or desirable, but subject to the terms of this Agreement and the other Transaction Documents. Without limiting the generality of the foregoing and subject to Section 6.01, the Master Servicer or its designee is hereby ------------ authorized and empowered (i) to execute and deliver, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables and, after the delinquency of any Receivable and to the extent permitted under and in compliance with the Policies and with applicable Requirements of Law, to commence enforcement proceedings with respect to Receivables and (ii) to make any filings, reports, notices, applications, registrations with, and to seek any consents or authorizations from the Securities and Exchange Commission, any state securities authority and any foreign securities authority on behalf of the Trust as may be necessary or advisable to comply with any Federal, state or foreign securities or reporting requirements or laws.\n(b) Without limiting the generality of the foregoing and subject to Section 6.02, the Master Servicer or its designee is hereby ------------ authorized and empowered to give written direction to the Trustee with respect to transfers within and withdrawals from the Company Concentration Accounts and payments to the Company Receipts Accounts (which directions may be in the form of a Daily Report) and as otherwise specified in the Pooling and Servicing Agreements.\n(c) The Master Servicer or its designee shall, at its cost and expense and as agent for the Company, collect, and in accordance with the Policies, as and when the same becomes due, the amount owing on each Receivable. The Master Servicer or its designee shall not make any material change in its administrative, servicing and collection systems that deviates from the Policies, except as expressly permitted by the terms of the Pooling and Servicing Agreements and after giving written notice to the Trustee of any such change. In the event of default under any Receivable, the Master Servicer or its designee shall have the power and authority, on behalf of the Company, to take such action in respect of such Receivable as the Master Servicer or its designee may deem advisable. In the enforcement or collection of any Receivable, the Master Servicer or its designee shall be entitled, but not required, to \u2587\u2587\u2587 thereon in (i) its own name or (ii) if, but only if, the Company consents in writing (which shall not be unreasonably withheld), as agent for the Company. In no event shall the Master Servicer or its designee be entitled to take any action that would make the Company, the Trustee, any Funding Agent or any Investor Certificateholder a party to any litigation without the express prior written consent of such Person.\n(d) Except as provided in any Pooling and Servicing Agreements, neither the Master Servicer or its designee nor the Liquidation Servicer or any Successor Master Servicer shall be obligated to use separate servicing procedures, offices, employees or accounts for servicing the Receivables transferred to the Company from the procedures, offices, employees and accounts used by the Master Servicer or a Successor Master Servicer, as the case may be, in connection with servicing other receivables.\n(e) The Master Servicer or its designee shall comply with and perform its servicing obligations with respect to the Receivables in accordance with the Contracts relating to the Receivables and the Policies.\n(f) The Master Servicer or its designee shall not take any action to cause any U.S. Receivable not evidenced by any \"instrument\" or which does not constitute \"chattel paper\" (each as defined under the applicable UCC or other similar applicable law, statute or legislation) upon origination to become evidenced by an \"instrument\" or become \"chattel paper\" and the Master Servicer or its designee shall not take any action to cause any interest in any U.S. Receivable to be evidenced by any title documents in bearer form, except in connection with its enforcement or collection of such Receivable. If any U.S. Receivable is evidenced by an \"instrument\" or \"chattel paper\" (as defined under the applicable UCC), the Master Servicer or its designee shall either (i) deliver such instrument or title documents to the Trustee as soon as reasonably practicable, but in no event more than three (3) calendar days after execution thereof or (ii) immediately stamp the Contract relating to such Receivable in red with words substantially to the following effect: \"THIS RECEIVABLE HAS BEEN PLEDGED TO CHASE MANHATTAN BANK (IRELAND) plc AS TRUSTEE PURSUANT TO THE TERMS AND CONDITIONS OF THE POOLING AGREEMENT, DATED AS OF DECEMBER 21, 2000, AMONG HUNTSMAN RECEIVABLES FINANCE, LLC, HUNTSMAN (EUROPE) BVBA AND CHASE MANHATTAN BANK (IRELAND) plc.\"", "size": 15, "samples": [{"hash": "hZYN5zCHXI7", "uri": "/contracts/hZYN5zCHXI7#servicing-procedures", "label": "Servicing Agreement (Huntsman Ici Holdings LLC)", "score": 18.0, "published": true}, {"hash": "g9ws00ctiAG", "uri": "/contracts/g9ws00ctiAG#servicing-procedures", "label": "Servicing Agreement (Huntsman Ici Chemicals LLC)", "score": 18.0, "published": true}], "hash": "bc096cbce7b8435457188356abd1a560", "id": 3}, {"snippet_links": [{"key": "by-the-servicer", "type": "clause", "offset": [38, 53]}, {"key": "agreement-for", "type": "clause", "offset": [74, 87]}, {"key": "daily-remittance", "type": "definition", "offset": [104, 120]}], "snippet": "The following procedures will be used by the Servicer under the Servicing Agreement for calculating the Daily Remittance:", "size": 10, "samples": [{"hash": "ku71dIPPxGi", "uri": "/contracts/ku71dIPPxGi#servicing-procedures", "label": "Intercreditor Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9438743591, "published": true}, {"hash": "8kxxAG24v55", "uri": "/contracts/8kxxAG24v55#servicing-procedures", "label": "Securitization Property Servicing Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9438743591, "published": true}, {"hash": "lXMwX4RuByy", "uri": "/contracts/lXMwX4RuByy#servicing-procedures", "label": "Securitization Property Servicing Agreement (Consumers 2023 Securitization Funding LLC)", "score": 34.9274482727, "published": true}], "hash": "a40b9479ffa21664a1fdba0113417a6e", "id": 4}, {"snippet_links": [{"key": "the-subservicer", "type": "clause", "offset": [0, 15]}, {"key": "written-procedures", "type": "definition", "offset": [27, 45]}, {"key": "applicable-to", "type": "definition", "offset": [46, 59]}, {"key": "subservicing-of-mortgage-loans", "type": "clause", "offset": [78, 108]}, {"key": "similar-to", "type": "definition", "offset": [109, 119]}, {"key": "the-mortgage-loans", "type": "definition", "offset": [120, 138]}, {"key": "not-limited", "type": "clause", "offset": [154, 165]}, {"key": "loss-mitigation-efforts", "type": "definition", "offset": [185, 208]}, {"key": "short-sales", "type": "definition", "offset": [230, 241]}, {"key": "cash-for-keys", "type": "clause", "offset": [257, 270]}, {"key": "from-time-to-time", "type": "clause", "offset": [314, 331]}, {"key": "in-accordance-with", "type": "definition", "offset": [332, 350]}, {"key": "section-23", "type": "clause", "offset": [351, 362]}], "snippet": "The Subservicer\u2019s internal written procedures applicable to the servicing and subservicing of mortgage loans similar to the Mortgage Loans, including but not limited to delinquency and loss mitigation efforts (i.e., modification, short sales, deed-in-lieu, cash for keys, etc.), as such procedures may be modified from time to time in accordance with Section 2.3.", "size": 8, "samples": [{"hash": "dYqc0Yfv5ik", "uri": "/contracts/dYqc0Yfv5ik#servicing-procedures", "label": "Subservicing Agreement (Onity Group Inc.)", "score": 36.1403160095, "published": true}, {"hash": "55gA76ZSyq7", "uri": "/contracts/55gA76ZSyq7#servicing-procedures", "label": "Subservicing Agreement (Onity Group Inc.)", "score": 36.1403160095, "published": true}, {"hash": "dLEnE6iVMHQ", "uri": "/contracts/dLEnE6iVMHQ#servicing-procedures", "label": "Subservicing Agreement (Onity Group Inc.)", "score": 35.1286773682, "published": true}], "hash": "097c269b9cdd4ccbd6012aaed933f70e", "id": 5}, {"snippet_links": [{"key": "section-501", "type": "clause", "offset": [0, 12]}, {"key": "transfers-of-mortgaged-property", "type": "clause", "offset": [14, 45]}, {"key": "satisfaction-of-mortgages-and-release-of-mortgage-files", "type": "clause", "offset": [61, 116]}, {"key": "servicing-compensation", "type": "clause", "offset": [135, 157]}, {"key": "servicer-compliance-statement", "type": "clause", "offset": [176, 205]}, {"key": "report-on-assessment-of-compliance-and-attestation", "type": "clause", "offset": [225, 275]}], "snippet": "Section 5.01. Transfers of Mortgaged Property. Section 5.02. Satisfaction of Mortgages and Release of Mortgage Files. 33 Section 5.03. Servicing Compensation. 33 Section 5.04. Servicer Compliance Statement.. 34 Section 5.05. Report on Assessment of Compliance and Attestation. 34 Section 5.06. Inspection.", "size": 4, "samples": [{"hash": "c9c2HorcOZ9", "uri": "/contracts/c9c2HorcOZ9#servicing-procedures", "label": "Securitization Servicing Agreement (TBW 2006-1)", "score": 19.0, "published": true}, {"hash": "4603RRT822R", "uri": "/contracts/4603RRT822R#servicing-procedures", "label": "Securitization Servicing Agreement (TBW 2006-2)", "score": 19.0, "published": true}], "hash": "e2d1e5417dc32268f718d97c957d9f20", "id": 6}, {"snippet_links": [{"key": "the-servicer", "type": "clause", "offset": [0, 12]}, {"key": "customary-servicing-procedures", "type": "definition", "offset": [43, 73]}, {"key": "adversely-affect", "type": "definition", "offset": [140, 156]}, {"key": "the-receivables", "type": "clause", "offset": [179, 194]}], "snippet": "The Servicer shall not change or amend its customary servicing procedures in any manner that would reasonably be expected to materially and adversely affect the collectibility of the Receivables generally.", "size": 3, "samples": [{"hash": "hrIqvCBadzQ", "uri": "/contracts/hrIqvCBadzQ#servicing-procedures", "label": "Receivables Purchase Agreement (Navistar Financial Retail Receivables Corp)", "score": 21.0, "published": true}, {"hash": "kve67HYVilp", "uri": "/contracts/kve67HYVilp#servicing-procedures", "label": "Receivables Purchase Agreement (Navistar Financial Corp)", "score": 19.0, "published": true}], "hash": "5069f84ce104438ae5ac3d954d9a7294", "id": 7}, {"snippet_links": [{"key": "other-provision-of-this-agreement", "type": "clause", "offset": [20, 53]}, {"key": "the-parties", "type": "clause", "offset": [55, 66]}, {"key": "have-agreed", "type": "clause", "offset": [67, 78]}, {"key": "the-period", "type": "clause", "offset": [84, 94]}], "snippet": "Notwithstanding any other provision of this Agreement, the Parties have agreed, for the period commencing May 1, 2006, the servicing procedures described in Exhibit 12.01 shall be implemented.", "size": 2, "samples": [{"hash": "18lqHjBA3Y5", "uri": "/contracts/18lqHjBA3Y5#servicing-procedures", "label": "Strategic Agreement (NationsHealth, Inc.)", "score": 21.0, "published": true}], "hash": "16bd96b7433d48fa3afc3ae99f8675da", "id": 8}, {"snippet_links": [{"key": "article-xii", "type": "definition", "offset": [6, 17]}, {"key": "strategic-agreement", "type": "definition", "offset": [63, 82]}], "snippet": "A new ARTICLE XII, SERVICING PROCEDURES, shall be added to the Strategic Agreement as follows:", "size": 1, "samples": [{"hash": "18lqHjBA3Y5", "uri": "/contracts/18lqHjBA3Y5#servicing-procedures", "label": "Strategic Agreement (NationsHealth, Inc.)", "score": 21.0, "published": true}], "hash": "4df445c886732344134f99ee75a50087", "id": 9}, {"snippet_links": [{"key": "transition-in", "type": "clause", "offset": [34, 47]}, {"key": "the-provision-of-services", "type": "clause", "offset": [48, 73]}, {"key": "strategic-agreement", "type": "definition", "offset": [84, 103]}, {"key": "source-code-escrow", "type": "definition", "offset": [161, 179]}, {"key": "arrange-for", "type": "clause", "offset": [210, 221]}, {"key": "third-party-escrow-agent", "type": "clause", "offset": [224, 248]}, {"key": "the-source", "type": "clause", "offset": [305, 315]}, {"key": "software-programs", "type": "definition", "offset": [353, 370]}, {"key": "in-connection-with", "type": "clause", "offset": [413, 431]}, {"key": "performance-of-the-services", "type": "clause", "offset": [436, 463]}, {"key": "the-agreement", "type": "clause", "offset": [470, 483]}, {"key": "triggering-event", "type": "clause", "offset": [529, 545]}, {"key": "the-escrow-agent", "type": "clause", "offset": [563, 579]}, {"key": "written-request", "type": "definition", "offset": [631, 646]}, {"key": "no-additional-cost", "type": "clause", "offset": [651, 669]}], "snippet": "To allow CIGNA to effect a smooth transition in the provision of Services under the Strategic Agreement the following servicing procedures shall be implemented. Source Code Escrow: NationsHealth and CIGNA will arrange for a third party escrow agent at CIGNA\u2019s expense. NationsHealth shall place in escrow the source code of the NationsHealth- developed software programs the (\u201cSource Code\u201d) used by NationsHealth in connection with the performance of the Services under the Agreement (the \u201cSoftware.\u201d) Upon the occurrence of the Triggering Event (defined below), the escrow agent will release the Source Code to CIGNA upon CIGNA\u2019s written request, at no additional cost to CIGNA. NationsHealth shall update the escrowed Source Code daily unless CIGNA specifies less frequent updates.", "size": 1, "samples": [{"hash": "d7oRtzmejt1", "uri": "/contracts/d7oRtzmejt1#servicing-procedures", "label": "Preferred Vendor Agreement (NationsHealth, Inc.)", "score": 21.0, "published": true}], "hash": "a0254fcddafb079f88817098f641120e", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1zZXJ2aWNpbmctcHJvY2VkdXJlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 152, "parents": [["servicers-and-marketing-agents-representations-and-warranties", "Servicer\u2019s and Marketing Agent\u2019s Representations and Warranties"], ["servicer-and-marketing-agent", "Servicer and Marketing Agent"], ["administration-and-servicing-of-receivables", "Administration and Servicing of Receivables"], ["miscellaneous-provisions", "Miscellaneous Provisions"], ["indenture-trustee-actions", "Indenture Trustee Actions"]], "children": [["", ""], ["billing-data", "Billing Data"], ["file-creation", "File Creation"], ["reconciliations", "Reconciliations"], ["collection-data", "Collection Data"]], "title": "SERVICING PROCEDURES", "id": "servicing-procedures", "related": [["special-servicing-procedures", "Special Servicing Procedures", "Special <strong>Servicing Procedures</strong>"], ["general-servicing-procedures", "General Servicing Procedures", "General <strong>Servicing Procedures</strong>"], ["funding-procedures", "Funding Procedures", "Funding Procedures"], ["servicing-programs", "Servicing Programs", "Servicing Programs"], ["recovery-procedures", "Recovery Procedures", "Recovery Procedures"]], "related_snippets": [], "updated": "2026-07-30T06:00:48+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The SERVICING PROCEDURES clause defines the standards and methods that must be followed when managing or servicing a particular asset, loan, or contract. It typically outlines the required steps, documentation, and timelines for routine servicing activities, such as collecting payments, maintaining records, or handling customer inquiries. By establishing clear procedures, this clause ensures consistency, compliance with regulations, and minimizes the risk of errors or disputes in the servicing process."}, "json": true, "cursor": ""}}