Common use of Credit Policy and Collection Policy Clause in Contracts

Credit Policy and Collection Policy. Each of the Credit Policy and the Collection Policy attached hereto as Exhibit J and Exhibit K, respectively (as the same may be amended from time to time in accordance with the provisions of this Indenture and the Note Funding Agreement), fairly represent the policies of the Servicer and, to the best knowledge of the Servicer, the Collection Policy is materially consistent with the customary standard of prudent servicers of loans secured by timeshare interests.

Credit Policy and Collection Policy. Each of the Credit Policy and the Collection Policy attached hereto as Exhibit J and Exhibit K, respectively (as the same may be amended from time to time in accordance with the provisions of this Indenture and the Note Funding Agreement), fairly represent the policies of the Servicer and, to the best knowledge of the Servicer, the Collection Policy each is materially consistent with the customary standard of prudent servicers of loans secured by timeshare interests.

Credit Policy and Collection Policy. Each of the Credit Policy and the Collection Policy attached hereto as Exhibit J and Exhibit K, respectively (as the same may be amended from time to time in accordance with the provisions of this Indenture and the Note Funding Agreement)respectively, fairly represent the policies of the Servicer and, to the best knowledge of the Servicer, the Collection Policy each is materially consistent with the customary standard of prudent servicers of loans secured by timeshare interestsinterests (it being understood that the Servicer does not review credit bureau reports or credit scores issued by Fair Xxxxxx & Company prior to loan origination).