STANDARD INDUSTRY PRACTICES definition
STANDARD INDUSTRY PRACTICES means such due diligence, collateral control and collection procedures that are customarily followed by Persons actively engaged in the business of acquiring distressed assets in a bulk transaction and managing and disposing of such assets, provided such due diligence and collateral control and collection procedures shall be at least as rigorous as Borrower and the REO Affiliates apply in managing and disposing of their assets.
STANDARD INDUSTRY PRACTICES means such collateral control, servicing and collection procedures that are customarily followed by Persons actively engaged in the business of acquiring distressed assets in a bulk transaction and managing and disposing of such assets, provided such collateral control, servicing and collection procedures shall be at least as rigorous as the Servicer, the Company, and the Realty Companies apply in managing, servicing and disposing of their own assets.
STANDARD INDUSTRY PRACTICES means at the reference time, the recognized methods and practices in open cast mining that would reasonably be expected
More Definitions of STANDARD INDUSTRY PRACTICES
STANDARD INDUSTRY PRACTICES means such due diligence, collateral
STANDARD INDUSTRY PRACTICES means such collateral control, servicing
STANDARD INDUSTRY PRACTICES means at the reference time, the recognized methods and practices in open cast mining that would reasonably be expected from experienced and competent Mine Operator under conditions comparable to those applicable to the Site;
STANDARD INDUSTRY PRACTICES means those methods, techniques, standards, and practices which, at the time they are employed and in light of the circumstances known or believed to exist at the time, are generally accepted as showing skill and good judgment in the wastewater industry as practiced in the Eastern United States for facilities of a similar nature and in a similar location as the System and Acquired Assets. Standard Industry Practices is not necessarily defined as optimal methods, techniques, standards and practices to the exclusion of others, but rather refer to a range of methods, techniques, standards and practices that are reasonable under the circumstances. At a minimum, Standard Industry Practices shall include those requirements set forth in this Agreement, the rules and regulations promulgated by the AUTHORITY, the water and wastewater ordinances, practices and procedures of the TOWNSHIP and applicable law (including the rules and regulations of the EPA and/or the PaDEP.