Examples of Credit Policy in a sentence
In addition, each Receivable shall have been underwritten in accordance with and satisfy the standards of the Credit Policy in effect at the time of the origination of such Receivable.
The requirements of this clause (j) shall not apply to any changes to the Credit Policy and the Collection Policy that relate to the adoption of VantageScore and/or facilitate the transition from FICO® Score to VantageScore; provided that the Servicer shall provide the Administrative Agent and each Lender with an updated Credit Policy as it relates to the same within a reasonable period of time after the adoption thereof.
The Servicer and each Subservicer will comply in all material respects with the Credit Policy and the Collection Policy in regard to each Receivable.
The initial Servicer will cause to be delivered to the Administrative Agent, each Lender and the Backup Servicer a modified Credit Policy and Collection Policy including each change thereto, for inclusion, respectively, as Exhibits D and E.