Exception Basis definition

Exception Basis. With respect to the Defaulted And Qualified Loan Exception Report provided by the Servicer hereunder, a report that is required only in the event that information or data exists for the reporting period to which such report relates.
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Exception Basis means a type of time reporting whereby basic regular hours are assumed by the system and only those hours that are not regular, such as overtime, are reported.
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Examples of Exception Basis in a sentence

  • The report provided on an Exception Basis to F▇▇▇▇▇ Mac by the Master Servicer pursuant to Section 5.01(g), providing information with respect to all Defaulted Loans and Qualified Loans identified by F▇▇▇▇▇ Mac as “watch-listed” loans.

  • The report provided on an Exception Basis to ▇▇▇▇▇▇ Mac by the Master Servicer pursuant to Section 5.01(g), providing information with respect to all Defaulted Loans and Qualified Loans identified by ▇▇▇▇▇▇ Mac as “watch-listed” loans.

Related to Exception Basis

  • Random selection basis means a mechanism for selection of employees that:

  • Open type traction battery means a type of battery requiring filling with liquid and generating hydrogen gas that is released to the atmosphere.

  • Quantity Surveyor means a duly qualified quantity surveyor of at least five (5) year’s experience in the assessment of building material and construction costs. Quantity Surveyor Assessment means an assessment by an independent Quantity Surveyor of the Construction Cost to the reasonable satisfaction of the Council. Regulation means the Environmental Planning and Assessment Regulation, 2000 (as amended).

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

  • Survey area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.