Common use of Changes in Practices Clause in Contracts

Changes in Practices. The parties hereto acknowledge that the standard practices and procedures of the servicing industry change or may change over a period of time. To accommodate these changes, the Servicer may from time to time notify the Owner of such material changes in practices and procedures.

Appears in 3 contracts

Samples: Servicing Agreement (Franklin Credit Holding Corp/De/), Servicing Agreement (Franklin Credit Holding Corp/De/), Omnibus Asset Servicing Agreement (First Midwest Bancorp Inc)

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Changes in Practices. The parties hereto acknowledge that the standard practices and procedures of the servicing industry change or may change over a period of time. To accommodate these changes, the Servicer may from time to time notify the Owner of such material changes in practices and procedures, provided that the Servicer shall remain responsible for all its obligations under this Agreement.

Appears in 1 contract

Samples: Omnibus Asset Servicing Agreement (BBX Capital Corp)

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