Common use of Prepayment Premiums Clause in Contracts

Prepayment Premiums. (a) To the extent consistent with the terms of this Agreement, the Servicer may waive (or permit a subservicer to waive) a Prepayment Premium only under the following circumstances: (i) such waiver relates to a default or a reasonably foreseeable default and would, in the reasonable judgment of the Servicer, maximize recovery of total proceeds taking into account the value of such Prepayment Premium and the related Mortgage Loan or (ii) such waiver is required under state or federal law. The Servicer shall not waive any Prepayment Premium unless it is waived in accordance with this Section 4.22(a).

Prepayment Premiums. (a) To the extent consistent with the terms of this Agreement, the Servicer may waive (or permit a subservicer servicer to waive) a Prepayment Premium only under the following circumstances: (i) such waiver relates to a default or a reasonably foreseeable default and would, in the reasonable judgment of the Servicer, maximize recovery of total proceeds taking into account the value of such Prepayment Premium and the related Mortgage Loan or (ii) such waiver is required under state or federal law. The Servicer shall not waive any Prepayment Premium unless it is waived in accordance with this Section 4.22(a).

Prepayment Premiums. (a) To the extent consistent with the terms of this Agreement, the Servicer Company may waive (or permit a subservicer to waive) a Prepayment Premium only under the following circumstances: (i) such waiver relates to a default or a reasonably foreseeable forseeable default and would, in the reasonable judgment of the ServicerCompany, maximize recovery of total proceeds taking into account the value of such Prepayment Premium and the related Mortgage Loan or (ii) such waiver is required under state or federal law. The Servicer Company shall not waive any Prepayment Premium unless it is waived in accordance with this Section 4.22(a).

Prepayment Premiums. (a) To the extent consistent with the terms of this Agreement, the Servicer Subservicer may waive (or permit a subservicer to waive) a Prepayment Premium only under the following circumstances: (i) such waiver relates to a default or a reasonably foreseeable default and would, in the reasonable judgment of the ServicerSubservicer, maximize recovery of total proceeds taking into account the value of such Prepayment Premium and the related Mortgage Loan or (ii) such waiver is required under state or federal law. The Servicer Subservicer shall not waive any Prepayment Premium unless it is waived in accordance with this Section 4.22(a).