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Common use of Modification of Underwriting Guidelines Clause in Contracts

Modification of Underwriting Guidelines. The Servicer shall give the Initial Noteholder prompt written notification of any material modification or change to the Underwriting Guidelines.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Advanta Corp), Sale and Servicing Agreement (Advanta Corp)

Related Clauses

  • Underwriting Guidelines
  • Authorization of Underwriting Agreement
  • Modification, etc
  • Amendment, change and supplement
  • Mortgage Status; Waivers and Modifications

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES
  • Note and Account Administration
  • Servicer Events of Default
  • Duties of the Collateral Agent
  • INDEMNIFICATION; THIRD PARTY CLAIMS

Sub-Clauses

  • Servicer May Own Securities
  • Collection Account and Distribution Account
  • Trust Accounts Trust Account Property
  • Appointment of Successor
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