Common use of Ramp-up Time Clause in Contracts

Ramp-up Time. The Servicer shall endeavor to meet the Performance Standards contained herein as soon as possible after the Cut-Off Date, but shall not be considered to be in default under the Servicing Agreement unless it fails a performance standard starting during the applicable period reflected in the table below. For those performance standards measured on an average or weighted average three-month rolling basis, the Servicer shall not be considered in default under the Servicing Agreement unless it fails such performance standard after completion of the applicable three-month period.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (CSFB Mortgage Pass Through Certificates Series 2002 He16), Pooling and Servicing Agreement (Asset Backed Securities Corp), Pooling and Servicing Agreement (Asset Backed Pass Through Certificates Series 2002 He2)

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Ramp-up Time. The Servicer shall endeavor to meet the Performance Standards contained herein as soon as possible after the Cut-Off Closing Date, but shall not be considered to be in default under the Servicing Agreement unless it fails a performance standard starting during the applicable period reflected in the table below. For those performance standards measured on an average or weighted average three-month rolling basis, the Servicer shall not be considered in default under the Servicing Agreement unless it fails such performance standard after completion of the applicable three-month period.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002-Ami)

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