Accepted Practices definition

Accepted Practices means such customary practices as commercial mortgage collateral agents or banks would follow in the normal course of their business in performing administrative and custodial duties with respect to collateral which is generally similar to the Account Collateral; provided, however, that “Accepted Practices” shall not be deemed to include any custodial practices now followed by Collateral Agent for any such collateral held for its own account to the extent that such practices are more stringent than the practices followed by commercial mortgage collateral agents or banks generally.
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Accepted Practices. Prudent mortgage banking practices for similar loans.
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Accepted Practices means generally accepted practices for use by Eligible Recipients in calculating, reporting and verifying Technology Impacts and Project Impacts, as set out in Schedule G, attached hereto.
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Examples of Accepted Practices in a sentence

  • Collateral Agent shall be deemed to have exercised reasonable care in the custody of the Account Collateral in its possession if the Account Collateral is accorded treatment in accordance with the Accepted Practices.

  • Beyond the observance of Accepted Practices and the exercise of reasonable care in the custody or disbursements thereof, Collateral Agent shall not have any duty as to any Account Collateral or any income thereon in its possession or control or in the possession or control of any agents for, or of Collateral Agent, or the preservation of rights against any Person or otherwise with respect thereto.

  • Provided that Collateral Agent acts in accordance with Accepted Practices, Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of Agent, and such request and any action taken or failure to act pursuant thereto shall be binding upon Agent and all future holders of the Note.

  • If this DPE does not specifically address a particular data security or privacy standard or obli- gation, Cisco will use appropriate, Generally Accepted Practices to protect the confidentiality, security, privacy, integrity, availability, and accuracy of Personal Data.

  • Such actions shall be undertaken in accordance with Accepted Practices.

  • If neither Applicable Laws nor this InfoSec Agreement specifically address a particular data security or privacy issue, Supplier will use appropriate, Generally Accepted Practices to protect the confidentiality, security, privacy, integrity, availability, and accuracy of the potentially affected Personal Data.

  • Provided that the Collateral Agent acts in accordance with Accepted Practices, Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon Lenders and all future holders of the Note.

  • Beyond the observance of Accepted Practices and the exercise of reasonable care in the custody or disbursement thereof, Collateral Agent shall not have any duty as to any Account Collateral or any income thereon in its possession or control or in the possession or control of any agents for, or of Collateral Agent, or the preservation of rights against any Person or otherwise with respect thereto.

  • PJP shall operate, or cause to be operated, the Facilities in accordance with Generally Accepted Practices, the Site Procedures and Applicable Law and in a manner which will not unreasonably or materially interfere with the operation of PTFI's Plant.

  • The RPSCQC ▇▇▇▇ is authorized for use on replacement parts or system components and in conjunction with the marketing of such replacement parts or system components that meet the requirements of published 3-A Sanitary Standards or 3-A Accepted Practices, subject to the RPSCQC License Agreement and these Provisions for the Use and Display of the RPSCQC ▇▇▇▇.


More Definitions of Accepted Practices

Accepted Practices. With respect to any Mortgage Loan and the Servicing Rights, procedures (including collection procedures) that (i) comply with applicable federal and Commonwealth law and (ii) are in accordance with the practices of prudent mortgage banking institutions which service mortgage loans of the same type as the Mortgage Loans in the Commonwealth.
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Accepted Practices means such customary practices as commercial mortgage collateral agents or banks would follow in the normal course of their business in performing administrative and custodial duties with respect to collateral which is generally similar to the Account Collateral; PROVIDED, HOWEVER, that "ACCEPTED PRACTICES" shall not be deemed to include any custodial practices now followed by Collateral Agent for any such collateral held for its own account to the extent that such practices are more stringent than the practices followed by commercial mortgage collateral agents or banks generally.
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Related to Accepted Practices

  • Proper practices means those set out in The Practitioners’ Guide

  • Good Industry Practices means the practices that would be adopted by, and the exercise of that degree of care, skill, diligence, prudence and foresight that reasonably would be expected from, a competent contractor in the international oil and gas industry experienced in performing work similar in nature, size, scope and complexity to the Work and under conditions comparable to those applicable to the Work, where such work is subject to, and such contractor is seeking to comply with, the standards and codes specified in the Contract or (to the extent that they are not so specified) such national or international standards and codes as are most applicable in the circumstances, and the applicable Law.

  • Prohibited Practices means the prohibited practices set forth in paragraph 4 of the Policy on Prohibited Practices;

  • Prudent Industry Practices means, at a particular time, any of the practices, methods, standards of care, skill, safety and diligence, as the same may change from time to time, but applied in light of the facts known at the time, that are consistent with the general standards applied or utilized under comparable circumstances by a reasonably prudent operator, in a good and workmanlike manner, with due diligence and dispatch, in accordance with good midstream industry practice.

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.