Alternatives and trade-offs considered Sample Clauses

Alternatives and trade-offs considered. This section describes some alternative business models, maintaining the same service level. Alternatives are: • Services delivered by a central EISAC organisation, to which customers can register through a central Portal or contact the organisation. • Services delivered by a decentralised EISAC organisation, with a representation in multiple countries. The set of services and service levels provided may differ per country. • Services delivered by a completely virtual EISAC organisation to which customers can register and connect through a Portal. Maintenance of the EISAC processes will be done by the e-Community. The first option is the proposed option with the addition of national nodes (see Figure 1: EISAC Trans-National Organization) There is a good opportunity for synergy both in personnel as in maintenance of the software and data stores. The second option has the advantage of a more local representation, which can be good for dealing with local infrastructures, local languages, culture and politics. This could increase the trust in EISAC. It can also have the advantage of proximity when an experiment needs travelling between the customer location and EISAC location. However, this risk of this alternative is that services might grow apart and require more maintenance having to deal with multiple instances and versions of software and data stores. Also expertise of personnel will be more scattered between the different locations. The third option is considered not attractive because it is more difficult to guarantee a high level of synergy and core personnel that can help accelerate building gateways and doing experiments.
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Related to Alternatives and trade-offs considered

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  • Loss Mitigation and Consideration of Alternatives (i) For each Single Family Shared-Loss Loan in default or for which a default is reasonably foreseeable, the Assuming Institution shall undertake reasonable and customary loss mitigation efforts, in accordance with any of the following programs selected by Assuming Institution in its sole discretion, Exhibit 5 (FDIC Mortgage Loan Modification Program), the United States Treasury's Home Affordable Modification Program Guidelines or any other modification program approved by the United States Treasury Department, the Corporation, the Board of Governors of the Federal Reserve System or any other governmental agency (it being understood that the Assuming Institution can select different programs for the various Single Family Shared-Loss Loans) (such program chosen, the “Modification Guidelines”). After selecting the applicable Modification Guideline for each such Single Family Shared-Loss Loan, the Assuming Institution shall document its consideration of foreclosure, loan restructuring under the applicable Modification Guideline chosen, and short-sale (if short-sale is a viable option) alternatives and shall select the alternative the Assuming Institution believes, based on its estimated calculations, will result in the least Loss. If unemployment or underemployment is the primary cause for default or for which a default is reasonably foreseeable, the Assuming Institution may consider the borrower for a temporary forbearance plan which reduces the loan payment to an affordable level for at least six (6) months.

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