Common use of Amendment to Servicing Agreement Clause in Contracts

Amendment to Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to the Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made: (a) Section 5.4(a) of the Servicing Agreement shall be amended by replacing “March 15” with “March 1”. (b) Section 5.5 of the Servicing Agreement shall be amended by replacing “March 15” with “March 1”. (c) Section 8.2(a) of the Servicing Agreement shall be amended to replace the language in the first sentence thereof with the following: “Upon written notice, the Owner may, at its sole option, upon the occurrence of an Event of Default and in accordance with Section 7.1, terminate any rights the Servicer may have hereunder.” For the avoidance of doubt, the Servicing Agreement is not hereby amended with respect to any other mortgage loans sold thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.

Amendment to Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to the Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made: (a) Section 5.4(a) of the Servicing Agreement shall be amended by replacing “March 15” with “March 1”. (b) Section 5.5 of the Servicing Agreement shall be amended by replacing “March 15” with “March 1”. (c) Section 8.2(a) of the Servicing Agreement shall be amended to replace the language in the first sentence thereof with the following: “Upon written notice, the Owner may, at its sole option, upon the occurrence of an Event of Default and in accordance with Section 7.1, terminate any rights the Servicer may have hereunder.” (b) Sections 5.4 and 5.5 shall be deleted and replaced with: [RESERVED] (c) Sections 10.4 and 10.5(a) shall be amended by replacing the phrase “commencing in 2007” with the phrase “commencing in 2008”. For the avoidance of doubt, the Servicing Agreement is not hereby amended with respect to any other mortgage loans sold thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.