Servicing Standards. At all times, the Seller, as Servicer shall, unless otherwise consented to by the Agent (the following collectively referred to in the Transaction Documents as the “Servicing Standards”):
Servicing Standards. The Servicer will administer and service Mortgage Loans, and arrange for the sale of Mortgage Loans, pursuant to the terms of this Purchase Agreement, the Mortgage Notes, applicable law and its Customary Servicing Procedures.
Servicing Standards. A timeline for each new product/service will be provided upon request. CMS will complete its assigned tasks on the timeline by the specified dates.
Servicing Standards. Each of the Contracts is being serviced in conformance with the Servicing Agreement.
Servicing Standards. Seller shall take all actions necessary to service the Mortgage Loans in accordance with customary mortgage banking practices of prudent lending institutions and such actions as a reasonably prudent lender would take in regard to loans held for its own account, all subject to and in accordance with the provisions of this Agreement. Sub-servicing of a Mortgage Loan by a third party shall not occur without Participant’s written consent. Seller may, with prior written approval of Participant, service the Mortgage Loan through a subservicer or retain an independent contractor to perform certain servicing functions; provided, however, in the event any servicing is performed by such subservicer or any functions performed by such independent contractor, Seller shall remain liable for its servicing duties and obligations under this Agreement and for the manner in which they are exercised by such subservicer or independent contractor.
Servicing Standards. Servicer agrees to perform the Services in accordance with the Service Standards set forth in Appendix B, or any other service standards as specifically directed by Bank and agreed to by Servicer for individual client(s). To the extent that any level of service required by Bank is not enumerated in Appendix B, Servicer agrees to provide at least the same level of service to Bank that Servicer provides to other clients. Second Amended and Restated Service Agreement Comenity Bank /Comenity Servicing LLC
Servicing Standards. Each Loan Party covenants and agrees that it will allocate Receivables across collection channels in a manner materially consistent with the Collection and Underwriting Policy and the Receivables Management Association International Certification program, and otherwise in good faith and in a manner that is reasonable, prudent, and, in the aggregate, in or not opposed to the best interests of the Loan Parties, taken as a whole. Notwithstanding the foregoing, (i) a Loan Party may, in its reasonable discretion, hold, settle, close, return, or mark out of inventory any Receivable, or release, vacate, or satisfy any judgment, when reasonably necessary given such Receivable’s collectability, applicable facts or law, opposing claims or counterclaims, or demands from Receivable issuers or other upstream sellers and (ii) this Section 5.15 shall not limit or prohibit any transfer or sale of Receivables that is otherwise permitted by this Agreement.
Servicing Standards a. The Bridge Bank must service each Serviced Asset in compliance with:
Servicing Standards. The Servicer will comply in all material respects with the Servicing Standards in regard to each Collateral Debt Obligation.
Servicing Standards. New Accounts will be set up within 3 business days of receipt, on average.
