Waive or Modify Loans Sample Clauses

Waive or Modify Loans. The Master Servicer (or to the extent provided in the Servicing Contract, the Primary Servicer) will be permitted to waive (i) any portion of the Prepayment Premium payable to the Primary Servicer under the Servicing Contract, and (ii) any portion of the assumption fee, late payment charge, or other administrative or servicing-related fee permitted by the Mortgage Documents and payable to the Primary Servicer under the Servicing Contract, in each case except as may otherwise be provided in the related Issue Supplement. If the Master Servicer so directs, the Primary Servicer will (i) waive any portion of the Prepayment Premium payable to the Master Servicer, (ii) waive any portion of any assumption fee, late payment charge, default interest or other administrative or servicing-related fee permitted by the Mortgage Documents and payable to the Master Servicer, in each case except as may otherwise be provided in the related Issue Supplement, (iii) grant a Borrower relief during the period needed to ascertain the facts if a disaster, terrorist attack, unusual hardship or other catastrophe occurs that was caused by either nature or a Person other than the Borrower and that the Master Servicer (or to the extent provided in the Servicing Contract, the Primary Servicer) reasonably believes may adversely affect either the value or habitability of the related Mortgaged Property or the Borrower’s ability to make further payments or payment in full on the related Mortgage Loan, (iv) commit to a Loss Mitigation Alternative subject to the conditions provided in paragraph (b) of this Subsection 5.3(3), (v) modify the terms of any Mortgage Loan if such modification (x) does not constitute a “significant modification” under applicable Treasury Regulations or (y) becomes effective within 90 days following the Issue Date of the related Trust, and (vi) modify the terms of any Mortgage Loan to cure the material breach of any representation or warranty made in connection with the sale of such Mortgage Loan to the Issuer, provided that such modification becomes effective no later than two years following the Issue Date. Neither (a) an adjustment to the interest rate or other terms of any Mortgage Loan as required to comply with a Relief Act or to comply with the decision or order of a court nor (b) the re-amortization of any Mortgage Loan following a partial Prepayment to provide for a lower monthly payment under the related Mortgage Documents or as permitted by the related Serv...
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Related to Waive or Modify Loans

  • Amendments or Modifications Any changes, amendments or modifications to this Contract shall be made in writing, approved by all parties, and attached to the original Contract. Except as provided herein, any alterations, variations, modifications or waivers of provisions of this Contract shall only be valid when they have been reduced to writing, duly signed by the legally authorized representatives of both parties, and attached to the original of this Contract.

  • Modification of Commitments 1. For a period of 12 months from the date of entry into force of this Agreement, a Member State may adopt any measures or modify any of its reservations made in the Schedule under Article 9 (Reservations) for prospective applications to investors of any other Member States and their investments, provided that such measures or modification shall not adversely affect any existing investors and investments.

  • Modifications or Additions to Master Agreement As used in this document, Contract (whether capitalized or not) will, unless the context requires otherwise, mean this document and all incorporated Exhibits, which set forth the entire understanding of the Parties and supersede any and all prior agreements. This Contract may only be modified or amended upon mutual written agreement by the Parties. If amendments are made to the Master Agreement, the Contractor shall: 1) notify the Department of such amendments; and 2) provided the Department is amenable to incorporating the amendments into this Contract, enter into a written amendment with the Department reflecting the addition of such amendments to this Contract. In addition to Section 2.2.1 of the Master Agreement and any additional language within the Contract regarding delivery, the Parties agree that Inside Delivery for Customers under this ACS may be further negotiated prior to purchases under this ACS. Inside Delivery rates can be found under the Terms and Conditions page: xxxxx://xxxxxx.xxx.xx.xxx/purchase/spg/awards/2091523109Can.htm All Exhibits attached or listed below are incorporated in their entirety into, and will form part of, this Contract. Exhibit A and Exhibit B, modify or supplement the terms and conditions of the Master Agreement. In the event of a conflict, the following order of precedence will apply:

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Repayment of the Loan The Borrower agrees to repay the EMIs/Monthly Instalments and the other Outstanding Dues to BHFL on or before the respective Due Dates by any of the repayment modes as set out in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and at such place, as may be agreed between the Borrower and BHFL. • BHFL may, at the request of the Borrower in writing, agree to change the repayment mode. BHFL may, at any time, in its discretion revise the repayment schedule in its sole and absolute discretion and notify the Borrower in advance accordingly. • The EMI/Monthly Instalment amount shall be arrived at so as to comprise the repayment of the Loan Amount and payment of Interest calculated on the basis of the Interest Rate within the Loan Tenure. The Borrower agrees to continue paying EMIs/Monthly Instalments until all Outstanding Dues under the Loan have been repaid in full to BHFL.

  • Participating State Modifications or Additions to Master Agreement These modifications or additions apply only to actions and relationships within the Participating State. The following changes are modifying or supplementing the Master Agreement terms and conditions.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Amendment or Modification This Agreement may be amended or modified from time to time only by a written instrument that is executed by the Member.

  • Modifications or Amendments No amendment, change or modification of this document shall be valid unless in writing and signed by all of the parties hereto.

  • Borrower Not Released; Forbearance By Lender Not a Waiver Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Xxxxxx to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender’s acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy.

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