Servicing Procedures definition

Servicing Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

Servicing Procedures is defined in Section 4.1 of the Sale and Servicing Agreement.

Servicing Procedures means the servicing procedures of Cellco relating to device payment plan agreements originated by the Originators, as amended or modified from time to time.

Examples of Servicing Procedures in a sentence

• The Receivable was serviced in compliance with law and the Servicing Procedures in all material respects from the time it was originated to the Cutoff Date.

• The Servicer will be reimbursed under this Agreement for (i) amounts paid by the Servicer that are charged to the account of an Obligor according to the Servicing Procedures and (ii) amounts paid by the Servicer to third parties for collection and for repossession, transportation, reconditioning and sale or other disposition of a Financed Vehicle.

• The Servicer may grant extensions, refunds, rebates or adjustments on any Receivable or amend any Receivable according to the Servicing Procedures.

• If the Servicer, in its sole discretion, determines that as a result of a receivables systems error or receivables systems limitation or for any other reason the Servicer is unable to service a Receivable according to the Servicing Procedures and the terms of this Agreement, the Servicer may purchase the Receivable.

• The Servicer will not impair in any material respect the rights of the Issuer or the Indenture Trustee in any Receivable except according to the Servicing Procedures or as permitted by this Agreement.

More Definitions of Servicing Procedures

Servicing Procedures means the customary servicing procedures to be applied by the Collateral Provider for the performance of the servicing of the Collateral Security Assets, in accordance with, and subject to, the provisions of the Collateral Security Agreement, using the degree of skill, care and attention as for the servicing of its assets for its own account, without interfering with the material rights of the Issuer (or, as applicable, the Borrower) under the Collateral Security Agreement.

Servicing Procedures means those procedures set forth in Exhibit A to the Servicing Agreement.

Servicing Procedures means the procedures identified on Exhibit E hereto.

Servicing Procedures means, with respect to any Repurchased PLS Mortgage, the servicing procedures of the repurchasing GMACM Party or its relevant affiliate that are generally applied by such GMACM Party or such affiliate to the servicing of residential mortgage loans underlying GMACM-Sponsored PLS (as defined below).

Servicing Procedures. The Seller’s 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

Servicing Procedures means, as of any date: (a) the Initial Servicing Procedures as of such date; or (b) all servicing procedures that are substantially similar to the Initial Servicing Procedures in effect on such date; provided, however, that all Servicing Procedures of any Servicer are required to be consistent with the Servicing Standard.

Servicing Procedures means the Servicing Procedures in the form of Exhibit A to the Servicing Agreement, as the same may from time to time be amended or supplemented with the prior written consent of the Program Agent.