Servicing Guidelines Sample Clauses

Servicing Guidelines. Such manuals, guides and bulletins as may be published by the Agency from time to time.
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Servicing Guidelines. The Servicer shall not amend or otherwise modify the Servicing Guidelines in any manner that would reasonably be expected to have a material adverse effect on the interests of the Purchasers without the prior written consent of the Purchasers. It is acknowledged and agreed that any modification to the Servicing Guidelines that would not be reasonably be expected to have a material adverse effect on the interests of the Purchasers (as determined by the Servicer in a commercially reasonable manner) may be made by the Servicer without consent from any Purchaser or the Purchaser Agent and without notice to any Purchaser or the Purchaser Agent.
Servicing Guidelines. The term “Servicing Guidelines” shall have the meaning given to that term in the Sale and Servicing Agreement.
Servicing Guidelines. Exhibit B to the Guaranty Agreement is hereby replaced with the Servicing Guidelines for XXXX Loan Programs Serviced at SLSC/GLC dated September 27, 2000, with an Addendum dated May 1, 2003.
Servicing Guidelines. Exhibit B to the Guaranty Agreement is hereby replaced with the Servicing Guidelines for XXXX Loan Programs Serviced at SLSC/GLC dated September 27, 2000, with an Addendum dated May 1, 2003. 3. GUARANTY FEES AND PRICING. XXXX and the Program Lender hereby amend and restate Exhibit K to the Guaranty Agreement by adopting the Schedule 3.3s attached hereto as Exhibit K for the Bank of America GATE Education Loan Programs and the Bank of America XXXX Programs. Each reference to Exhibit K in the Guaranty Agreement is amended to read "Schedule 3.3." XXXX bases Risk Based Pricing shown on Schedule 3.3 for the Bank of America XXXX Programs upon the projected net cost of defaults, which XXXX believes provides business justification for the pricing levels set forth in the risk-based pricing it has offered to Lender. Any representation or warranty of compliance with federal or state law made by XXXX in the Guaranty Agreement or the Loan Origination Agreement that may relate to Risk Based Pricing does not extend beyond the pricing actually included in Schedule 3.3 attached hereto. 4.
Servicing Guidelines. In performing its duties hereunder, the Sub-Servicer shall be guided by, and comply with, the Act and applicable Regulations. The Sub-Servicer agrees to produce a sufficient audit trail for each Loan from the Implementation of Services and to comply with such other reporting, servicing and operating standards as are contained in this Agreement.
Servicing Guidelines. Subservicer agrees that Owner, Master Servicer or Servicer may modify and supplement the Servicing Guidelines from time to time, provided that such modifications and supplement (i) are not imposed retroactively and (ii) are necessary or appropriate as a result of the requirements or the current industry practices relating to any Pooled Loans or are necessary or appropriate to update, clarify or specify certain matters relating to servicing of the Loans or to comply with the FHA Regulations or any Law. After Subservicer receives at least thirty (30) days prior written notice of any such modification and supplement, Subservicer agrees to comply with the Servicing Guidelines as modified and supplemented.
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Servicing Guidelines. The Mortgage Loans are being serviced in accordance with the Borrower’s Servicing Guidelines.”

Related to Servicing Guidelines

  • Transfer of Servicing Between Master Servicer and Special Servicer; Record Keeping (a) Upon determining that any Serviced Loan has become a Specially Serviced Loan, the Master Servicer shall promptly give written notice thereof to the Special Servicer, any related Serviced Companion Loan Holder (in the case of a Serviced Loan Combination), the Operating Advisor, the Certificate Administrator, the Trustee, the related Directing Holder (prior to the occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider and shall promptly deliver a copy of the Servicing File to the Special Servicer and concurrently provide a copy of such Servicing File to the Operating Advisor and shall use its reasonable efforts to provide the Special Servicer with all information, documents (but excluding the original documents constituting the Mortgage File, but including copies thereof) and records (including records stored electronically on computer tapes, magnetic discs and the like) relating to such Serviced Loan and reasonably requested by the Special Servicer to enable it to assume its duties hereunder with respect thereto without acting through a Sub-Servicer. The Master Servicer shall use its reasonable efforts to comply with the preceding sentence within five (5) Business Days of the date such Serviced Loan became a Specially Serviced Loan and in any event shall continue to act as Master Servicer and administrator of such Serviced Loan until the Special Servicer has commenced the servicing of such Serviced Loan, which shall occur upon the receipt by the Special Servicer of the Servicing File. With respect to each such Serviced Loan that becomes a Specially Serviced Loan, the Master Servicer shall instruct the related Mortgagor to continue to remit all payments in respect of such Serviced Loan to the Master Servicer. The Master Servicer shall forward any notices it would otherwise send to the Mortgagor of such a Specially Serviced Loan to the Special Servicer who shall send such notice to the related Mortgagor. Upon determining that a Specially Serviced Loan has become a Corrected Loan, the Special Servicer shall promptly give written notice thereof to the Master Servicer, the Trustee, the Operating Advisor, the Certificate Administrator, any related Serviced Companion Loan Holder, the related Directing Holder (prior to the occurrence and continuance of a Consultation Termination Event with respect to the related Mortgage Loan) and, for posting to the Rule 17g-5 Information Provider’s Website pursuant to Section 12.13 of this Agreement, the Rule 17g-5 Information Provider and, upon giving such notice and the return of the Servicing File to the Master Servicer, such Serviced Loan shall cease to be a Specially Serviced Loan in accordance with the first proviso of the definition of Specially Serviced Loans, the Special Servicer’s obligation to service such Serviced Loan shall terminate and the obligations of the Master Servicer to service and administer such Serviced Loan as a Serviced Loan that is not a Specially Serviced Loan shall resume. In addition, if the related Mortgagor has been instructed, pursuant to the preceding paragraph, to make payments to the Special Servicer, upon such determination, the Special Servicer shall instruct the related Mortgagor to remit all payments in respect of such Specially Serviced Loan directly to the Master Servicer.

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