Common use of Servicing and Collection Practices Clause in Contracts

Servicing and Collection Practices. Prior to the Closing Date, the servicing and collection practices used with respect to such Receivable have been consistent with the Seller's servicing and collection policies and procedures as in effect since the date of the origination of such Receivable.

Appears in 2 contracts

Samples: Purchase and Servicing Agreement (Morgan Stanley Auto Loan Trust 2003-Hb1), Purchase and Servicing Agreement (Morgan Stanley Auto Loan Trust 2004-Hb1)

AutoNDA by SimpleDocs

Servicing and Collection Practices. Prior to the Closing Date, the The servicing and collection practices used with respect to such Receivable have been consistent with the Seller's servicing and collection policies and procedures as in effect since the date of the origination of such Receivable.

Appears in 1 contract

Samples: Purchase and Servicing Agreement (Goldman Sachs Asset Backed Securities Corp)

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