Common use of Changes in Practices Clause in Contracts

Changes in Practices. The Parties acknowledge that the standard practices and procedures of the mortgage servicing industry change or may change over a period of time. To accommodate these changes, Subservicer may from time to time notify Lender of such changes in practices and procedures. Notwithstanding the preceding two sentences, Subservicer shall at all times comply with Applicable Requirements.

Appears in 2 contracts

Samples: Mortgage Loan Subservicing Agreement, Mortgage Loan Subservicing Agreement (Ebank Financial Services Inc)

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Changes in Practices. The Parties parties hereto acknowledge that the standard practices and procedures of the mortgage servicing industry change or may change over a period of time. To accommodate these changes, Subservicer may from time to time notify Lender Owner/Servicer of such material changes in practices and procedures. Notwithstanding the preceding two sentencesShould any such proposed changes, made in good faith by Subservicer, be unacceptable to Owner/Servicer, then Subservicer shall at all times comply have no further obligation to continue to accept Mortgages for subservicing under the terms of this Agreement, and may terminate this Agreement in accordance with Applicable Requirements.Article V.

Appears in 2 contracts

Samples: Subservicing Agreement (Crescent Banking Co), Subservicing Agreement (Crescent Banking Co)

Changes in Practices. The Parties acknowledge that the standard practices -------------------- and procedures of the mortgage servicing industry change or may change over a period of time. To accommodate these changes, Subservicer may from time to time notify Lender of such changes in practices and procedures. Notwithstanding the preceding two sentencesShould any such proposed changes, made in good faith by Subservicer, be unacceptable to Lender, then Subservicer shall at all times comply have no further obligation to continue subservicing under the terms of this SA, and may terminate this SA in accordance with Applicable Requirements.ARTICLE V.

Appears in 1 contract

Samples: Subservicing Agreement (United Panam Financial Corp)

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Changes in Practices. The Parties parties hereto acknowledge that the standard practices and procedures of the mortgage servicing industry change or may change over a period of time. To accommodate these changes, Subservicer may from time to time notify Lender Lender/Servicer of such changes in practices and procedures. Notwithstanding the preceding two sentencesShould any such proposed changes, made in good faith by Subservicer, be unacceptable to Lender/Servicer, then Subservicer shall at all times comply have no further obligation to continue to accept subservicing under the terms of this Agreement, and may terminate this Agreement in accordance with Applicable Requirements.Article V.

Appears in 1 contract

Samples: Subservicing Agreement (Essex Bancorp Inc /New)

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