Waiver of Event of Default. The Purchaser may waive any default by Countrywide in the performance of Countrywide’s obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Events of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.
Appears in 11 contracts
Samples: Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Cw1), Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1)
Waiver of Event of Default. The Purchaser may waive any default by Countrywide in the performance of Countrywide’s 's obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Events of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (BCAP LLC Trust 2007-Aa5), Master Mortgage Loan Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-6), Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa1)
Waiver of Event of Default. The Purchaser may waive any default by Countrywide in the performance of Countrywide’s its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Events Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (Sequoia Mortgage Trust 2006-1), Mortgage Loan Purchase and Servicing Agreement (Sequoia Residential Funding Inc)
Waiver of Event of Default. The Upon written notice, the Purchaser may waive any default by Countrywide in the performance of Countrywide’s 's obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Events of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.
Appears in 1 contract
Samples: Purchase and Servicing Agreement (Banc of America Funding 2006-D Trust)
Waiver of Event of Default. The Purchaser Upon written notice, the Purchasers may waive any default by Countrywide in the performance of Countrywide’s obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Events of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.
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Waiver of Event of Default. The Upon written notice, the Purchaser may waive any default by Countrywide in the performance of Countrywide’s obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Events of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.
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