Common use of Exercise of discretions Clause in Contracts

Exercise of discretions. The Servicer must, in servicing the Mortgage Loan Rights which then form part of the Assets of the Series Trust, exercise its power and discretions under this Deed, the Servicing Guidelines, and the relevant Mortgage Documents to which it is a party in accordance with standards and practices suitable for a prudent lender in the business of making retail home loans.

Appears in 4 contracts

Samples: Series Supplement (Securitisation Advisory Services Pty LTD), Series Supplement (Securitisation Advisory Services Pty LTD), Series Supplement (Securitisation Advisory Services Pty LTD)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!