Servicing Procedures definition

Servicing Procedures means the servicing procedures of Ford Credit relating to retail installment sale contracts originated or purchased by Ford Credit as the procedures may change.

Servicing Procedures is defined in Section 4.1 of the Sale and Servicing Agreement.

Servicing Procedures means the servicing procedures of Cellco relating to device payment plan agreements originated by the Originators, as amended or modified from time to time.

Examples of Servicing Procedures in a sentence

• All modifications, waivers, forbearances or amendments of any Mortgage Loan shall be in writing and shall be consistent with Customary Servicing Procedures.

• Any amounts collected by the Servicer under any such policies (other than amounts to be deposited in an Escrow Account and applied to the restoration or repair of the property subject to the related Mortgage or property acquired in liquidation of the Mortgage Loan, or to be released to the Mortgagor in accordance with Customary Servicing Procedures) shall be deposited in the Servicer Custodial Account, subject to withdrawal pursuant to Section 3.11(a).

• Subject to Customary Servicing Procedures, the Servicer may permit a forbearance for a Mortgage Loan which in the Servicer's judgment is subject to imminent default.

• Further, the Servicer will in accordance with all applicable law and Customary Servicing Procedures ascertain and estimate taxes, assessments, fire and hazard insurance premiums, mortgage insurance premiums and all other charges with respect to the Mortgage Loans it services that, as provided in any Mortgage, will become due and payable to the end that the installments payable by the Mortgagors will be sufficient to pay such charges as and when they become due and payable.

• For and on behalf of the Certificateholders, the Servicer shall service and administer the Mortgage Loans, all in accordance with the terms of this Agreement, Customary Servicing Procedures, applicable law and the terms of the Mortgage Notes and Mortgages.

More Definitions of Servicing Procedures

Servicing Procedures means the customary servicing procedures to be applied by the Collateral Provider for the performance of the servicing of the Collateral Security Assets, in accordance with, and subject to, the provisions of the Collateral Security Agreement, using the degree of skill, care and attention as for the servicing of its assets for its own account, without interfering with the material rights of the Issuer (or, as applicable, the Borrower) under the Collateral Security Agreement.

Servicing Procedures means those procedures set forth in Exhibit A to the Servicing Agreement.

Servicing Procedures means the procedures identified on Exhibit E hereto.

Servicing Procedures means, with respect to any Repurchased PLS Mortgage, the servicing procedures of the repurchasing GMACM Party or its relevant affiliate that are generally applied by such GMACM Party or such affiliate to the servicing of residential mortgage loans underlying GMACM-Sponsored PLS (as defined below).

Servicing Procedures means, as of any date: (a) the Standard Servicing Procedures as of such date; or (b) all servicing procedures that are substantially similar to the Standard Servicing Procedures in effect on such date; provided, however, that all Servicing Procedures of any Servicer are required to be consistent with the Servicing Standard.

Servicing Procedures. Such term as defined in Section 2.04(e).

Servicing Procedures means the Servicing Procedures in the form of Exhibit A to the Servicing Agreement, as the same may from time to time be amended or supplemented with the prior written consent of the Program Agent.