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.

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.