Amendments to Servicing Agreements Sample Clauses

Amendments to Servicing Agreements. The Trustee may, without the consent of any Holder of a Bond of a Series, enter into or consent to any amendment or supplement to the Servicing Agreement with respect to such Series for the purpose of increasing the obligations or duties of any party other than the Trustee or the Bondholders, provided that such amendment or supplement cannot reasonably be expected to adversely affect the Holders of Bonds of such Series. Such amendment or supplement shall be deemed not to adversely affect the Holders of the Bonds of such Series if there is delivered to the Trustee written notification from each Rating Agency that rated such Series to the effect that such amendment or supplement will not result in any change in the current rating assigned by that Rating Agency to such Series. The Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected.
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Amendments to Servicing Agreements. The Servicer and the Borrower hereby agree that, from and after the Closing Date and until the Termination Date and except with the prior written consent of each of the Lenders and the Lender Agent, the Servicing Agreements shall not be terminated, amended, modified or supplemented in any respect which may adversely affect (a) the rights and obligations of each of the Lenders, the Lender Agent, the Operating Agent or the Collateral Agent or (b) the ability of the Borrower and the Servicer to perform their respective obligations under this Loan Agreement and the other Related Documents.
Amendments to Servicing Agreements. From time to time the Master Servicer may, to the extent permitted by the applicable Servicing Agreement, make such modifications and amendments to the Servicing Agreement as the Master Servicer deems necessary or appropriate to confirm or carry out more fully the intent and purpose of the Servicing Agreement and the duties, responsibilities and obligations to be performed by the Servicer thereunder; provided, however, that in no event shall the Master Servicer modify or amend the Servicing Agreements if such modification or amendment would have a material adverse effect on the Securityholders. Any such modification or amendment by the Master Servicer shall be deemed to have a material adverse effect on the Securityholders if such amendment or modification either results in (a) the downgrading of the rating assigned by any Rating Agency to the Securities or (b) the loss by the Trust or the assets thereof of REMIC status for federal income tax purposes. Prior to the issuance of any modification or amendment, the Master Servicer shall deliver to the Trustee an Officer's certificate setting forth (i) the provision that is to be modified or amended, (ii) the modification or amendment that the Master Servicer desires to issue and (iii) the reason or reasons for such proposed amendment or modification.
Amendments to Servicing Agreements. Purchaser may not, at any time (including after the Closing Date), terminate, amend, modify, supplement or change the Subservicer Agreement or any Pooling and Servicing Agreement without the prior written consent of Sellers and any purported amendment, modification, supplement or change made without such prior written consent shall be null and void and of no force or effect.
Amendments to Servicing Agreements. The Indenture Trustee may enter into any amendment or supplement to a Servicing Agreement only in accordance with Section 7.02 of such Servicing Agreement; provided, however, at any time, the Indenture Trustee may, without the consent of the Noteholders, enter into an amendment to a Servicing Agreement modifying the repossession, foreclosure and liquidation procedures if such modifications are likely to minimize payments in connection with any filing or recording required in any jurisdiction where any Mortgaged Properties are located. The Indenture Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected.
Amendments to Servicing Agreements. 20 3.15. Servicers as Agent and Bailee of the Indenture Trustee................20 3.16.
Amendments to Servicing Agreements. The Issuer covenants with the Indenture Trustee that it will not enter into any amendment or supplement to the Servicing Agreements without the prior written consent of the Indenture Trustee. The Indenture Trustee, as pledgee of the Mortgage Loans, may decline to enter into or consent to any such supplement or amendment if the Noteholders' rights, duties or immunities would be materially and adversely affected thereby. The Indenture Trustee may, but shall not be obligated to, enter into any amendment or supplement to the Servicing Agreements that affects the Indenture Trustee's own rights, duties, liabilities or immunities under this Indenture or otherwise.
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Amendments to Servicing Agreements. The Indenture Trustee may, without the consent of any Holder of a Bond, enter into or consent to any amendment or supplement to either Servicing Agreement upon receipt of an Issuer Order and an Opinion of Counsel to the effect that such amendment or supplement shall not adversely affect the interests of the Holders of the Bonds. The Indenture Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected.

Related to Amendments to Servicing Agreements

  • Amendments to Financing Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Financing Agreement is hereby amended as follows:

  • Servicing Agreements Seller will service the Mortgage Loans in accordance with Accepted Servicing Practices and will perform its obligations in all material respects in accordance with the Servicing Agreements and Applicable Law. In particular, Seller shall comply with any advancing obligation under the Servicing Agreements. Without the express written consent of Purchaser (which consent may be withheld in its absolute discretion), Seller shall not (a) cancel, terminate or amend any Mortgage Servicing Rights, (b) expressly provide any required consent to any termination, amendment or modification of any Servicing Agreements either verbally or in writing, (c) expressly provide any required consent to any termination, amendment or modification of any other servicing agreements or enter into any other agreement or arrangement with the applicable Owner that may be reasonably material to Purchaser either verbally or in writing, (d) expressly or verbally waive any material default under or breach of any Servicing Agreement by the applicable Owner that may be material to the Purchaser (in Purchaser’s reasonable determination) or (e) take any other action in connection with any such Servicing Agreement that would impair in any material respect the value of the interests or rights of the Purchaser hereunder. Seller shall conduct its business and perform its obligations under the Servicing Agreements in a manner such that the applicable Owner will not have cause to terminate any Servicing Agreement. Notwithstanding the foregoing, in no event will the prohibitions contained in this Section 8.11 apply to any amendments or modifications of the Servicing Agreements applicable to Current Mortgage Loans or Mortgage Loans owned by Seller which do not affect the Future Excess Servicing Spread with respect to such Current Mortgage Loans or Mortgage Loans and are not reasonably material to the Purchaser.

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