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

Waiver of Past Events of Servicing Termination. The Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Note Class (or, if no Notes are outstanding, the Owner Trustee or Certificates evidencing not less than a majority of the Certificate Balance of the Controlling Certificate Class) may, on behalf of all Noteholders and Certificateholders, waive any Event of Servicing Termination hereunder and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Trust Accounts, either Certificate Distribution Account or the Payahead Account in accordance with this Agreement. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will cease to exist, and will be deemed to have been remedied for every purpose of this Agreement. No such waiver will extend to any subsequent or other event or impair any right consequent thereon. The Issuer will provide written notice of any such waiver to the Rating Agencies.

Waiver of Past Events of Servicing Termination. The Noteholders of Notes evidencing not less than a majority of the Note Balance principal amount of the Controlling Note Class (or, if no Notes are outstanding, the Owner Trustee or Certificates evidencing not less than a majority of the Certificate Balance of the Controlling Certificate Class) may, on behalf of all Noteholders and Certificateholders, waive any Event of Servicing Termination hereunder and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Trust Accounts, either Certificate Distribution Account or the Payahead Account in accordance with this Agreement. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will shall cease to exist, and will shall be deemed to have been remedied for every purpose of this Agreement. No such waiver will shall extend to any subsequent or other event or impair any right consequent thereon. The Issuer will shall provide written notice of any such waiver to the Rating Agencies.

Waiver of Past Events of Servicing Termination. The Noteholders of Notes evidencing not less than a majority of the Note Balance principal amount of the Controlling Note Class (or, if no Notes are outstanding, the Owner Trustee or Certificates evidencing not less than a majority of the Certificate Balance of the Controlling Certificate Class) may, on behalf of all Noteholders and Certificateholders, waive any Event of Servicing Termination hereunder and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Trust Accounts, either Certificate Distribution Account or the Payahead Account in accordance with this Agreement. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will shall cease to exist, and will shall be deemed to have been remedied for every purpose of this Agreement. No such waiver will shall extend to any subsequent or other event or impair any right consequent thereon. The Issuer will shall provide written notice of any such waiver to the Rating AgenciesAgencies and to the Swap Counterparty.

Waiver of Past Events of Servicing Termination. The Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Note Class (or, if no Notes are outstanding, the Owner Trustee or Certificates evidencing not less than a majority of the Certificate Balance of the Controlling Certificate Class) may, on behalf of all Noteholders and Certificateholders, waive any Event of Servicing Termination hereunder and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Trust Accounts, either Certificate Distribution Account or the Payahead Account in accordance with this Agreement. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will shall cease to exist, and will shall be deemed to have been remedied for every purpose of this Agreement. No such waiver will shall extend to any subsequent or other event or impair any right consequent thereon. The Issuer will shall provide written notice of any such waiver to the Rating AgenciesAgencies and to the Swap Counterparties.

Waiver of Past Events of Servicing Termination. The Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Note Class (or, if no Notes are outstanding, the Owner Trustee or Certificates evidencing not less than a majority of the Certificate Balance of the Controlling Certificate Class) may, on behalf of all Noteholders and Certificateholders, waive any Event of Servicing Termination hereunder and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Trust Accounts, either Certificate Distribution Account Accounts or the Payahead Trust Distribution Account in accordance with this Agreement. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will cease to exist, and will be deemed to have been remedied for every purpose of this Agreement. No such waiver will extend to any subsequent or other event or impair any right consequent thereon. The Issuer will provide written notice of any such waiver to the Rating Agencies.

Waiver of Past Events of Servicing Termination. The Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Note Class (or, if no Notes are outstanding, the Owner Trustee or Certificates evidencing not less than a majority of the Certificate Balance of the Controlling Certificate Class) may, on behalf of all Noteholders and Certificateholders, waive any Event of Servicing Termination hereunder and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Trust Accounts, either Certificate Distribution Account or the Payahead Account in accordance with this Agreement. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will shall cease to exist, and will shall be deemed to have been remedied for every purpose of this Agreement. No such waiver will shall extend to any subsequent or other event or impair any right consequent thereon. The Issuer will shall provide written notice of any such waiver to the Rating AgenciesAgencies and to the Swap Counterparty.

Waiver of Past Events of Servicing Termination. The Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Note Class (or, if no Notes are outstanding, the Owner Trustee or Certificates evidencing not less than a majority of the Certificate Balance of the Controlling Certificate Class) may, on behalf of all Noteholders and Certificateholders, waive any Event of Servicing Termination hereunder and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Trust Accounts, Accounts or either Certificate Distribution Account or the Payahead Account in accordance with this Agreement. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will cease to exist, and will be deemed to have been remedied for every purpose of this Agreement. No such waiver will extend to any subsequent or other event or impair any right consequent thereon. The Issuer will provide written notice of any such waiver to the Rating Agencies.