Common use of Waiver of Past Events of Servicing Termination Clause in Contracts

Waiver of Past Events of Servicing Termination. Subject to the rights of the Certificate Insurer pursuant to Section 8.20 to terminate all of the rights and obligations of the Servicer under this Agreement, the Owners of at least 51% of the Class A Certificate Principal Balance may, on behalf of all Owners of Certificates, waive any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from the Principal and Interest Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Servicing Termination 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 thereon.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Certificate Insurer pursuant to Section 8.20 to terminate all of the rights and obligations of the Servicer under this Agreement, the Owners of at least 51% of the Class A Certificate Principal Balance maymay (with the consent of the Certificate Insurer), on behalf of all Owners of Certificates, waive any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from the Principal and Interest Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Servicing Termination 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 thereon.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Certificate Note Insurer pursuant to Section 8.20 4.20 to terminate all of the rights and obligations of the Servicer under this Agreement, the Owners of at least 51% of the Class A Certificate Note Principal Balance may, on behalf of all Owners of CertificatesNotes, waive any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from the Principal and Interest Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Servicing Termination 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 thereon.

Waiver of Past Events of Servicing Termination. Subject to the rights The Holders of Certificates evidencing not less than a majority of the Certificate Insurer pursuant to Section 8.20 to terminate all of the rights and obligations of the Servicer under this Agreement, the Owners of at least 51% aggregate outstanding principal balance of the Class A Certificate Principal Balance Certificates and the Class B Certificates, taken together as a single class, may, on behalf of all Owners of CertificatesCertificateholders, waive in writing any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from any of the Principal and Interest Accounts or the Reserve Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Event Events of Servicing Termination 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 thereonthereto.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Certificate Insurer Insurer, the Trustee, the Owners and the Seller pursuant to Section 8.20 to terminate all of the rights and obligations of the any Servicer under this Agreement, the Certificate Insurer or the Owners of at least 51% of the Percentage Interests of the Class A R Certificates with the consent of the Certificate Principal Balance Insurer may, on behalf of all Owners of Certificates, waive any default by the such Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from the Principal and Interest Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Servicing Termination 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 thereon.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Certificate Note Insurer pursuant to Section 8.20 4.20 to terminate all of the rights and obligations of the Servicer under this Agreement, the Owners of at least 51% of the Class A Certificate Note Principal Balance mayof a Series of Notes may (with the consent of the Note Insurer), on behalf of all Owners of CertificatesNotes, waive any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from the Principal and Interest Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Servicing Termination 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 thereon.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Certificate Insurer pursuant to Section 8.20 to terminate all of the rights and obligations of the Servicer under this Agreement, the Owners of at least 51% of the Class A Certificate Principal Balance may, on behalf of all Owners of Certificates, waive any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from the Principal and Interest Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Servicing Termination 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 thereon.. 77

Waiver of Past Events of Servicing Termination. Subject to The Insurer ---------------------------------------------- or, with the rights consent of the Certificate Insurer pursuant to Section 8.20 to terminate all of the rights and obligations of the Servicer under this Agreement(so long as no Insurer Default is continuing), the Owners Holders of at least Certificates evidencing not less than 51% of the Class A Certificate Principal Balance may, on behalf of all Owners Holders of Certificates, waive any default by the Master Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to or payments from the Principal and Interest Collection Account in accordance with this Agreement. Upon any such waiver of a past default, such default shall cease to exist, and any Master Servicer Termination Event of Servicing Termination 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 thereon.