Modification of Loans. Upon the occurrence and during the continuation of an Event of Default, the Borrower shall consent to or refuse to consent to any proposed amendment, modification, restructuring, exchange, waiver or Offer and give or refuse to give any notice or direction with respect to any Loan only with the prior written consent of the Administrative Agent in its sole discretion.
Modification of Loans. Without in any manner limiting the generality of the foregoing, any Borrower or any Lender, or any subsequent holder of any Loan or beneficiary of any Security Instrument under any of the Loans referred to in the Contribution Agreements, may, from time to time, without notice to or consent of the Principals, agree to any amendment, waiver, modification or alteration of the respective Loan Agreement or the Security Instrument relating to Borrower and its rights and obligations thereunder (including, without limitation, renewal, waiver or variation of the maturity of the indebtedness pursuant to the respective Loan Agreement, increase or reduction of the rate of interest payable under the respective Loan, release, substitution or addition or any Principal or endorser and acceptance of any security for the Loan). Any such Loan may be extended one or more times without notice to or consent from the Principals, and the Principals shall remain at all times bound to their obligations under this Agreement, notwithstanding such extensions.
Modification of Loans. Purchaser shall have the right to release any and all instruments of record or any debtors or guarantors of such instruments of record and to supplement or replace such instruments, debtors or guarantors with any like or similar instruments, debtors or guarantors, to extend or modify periods of time of payment or any other terms or provisions of such instruments and, generally, to do and perform any and all things necessary and incident to collection of the Loans with equal rights, privileges and powers which Seller has or was entitled to exercise.
Modification of Loans. Section 8.10 of the Agreement is deleted in its entirety and the following is substituted in lieu thereof:
Modification of Loans. Concerning the Indebtedness, Secured Party, in its discretion, without in any manner impairing its rights and powers hereunder, may, at any time and from time to time, without further consent of or notice to Pledgor, and with or without valuable consideration, (i) renew or extend the maturity of or accept partial payments upon the Indebtedness or any part thereof; (ii) release any person primarily or secondarily liable in respect thereof; (iii) alter in any manner that Secured Party may elect the terms of any instrument evidencing the Indebtedness or any part thereof either as to the maturity thereof, rate of interest, method of payment, parties thereto or otherwise; (iv) renew, extend or accept partial payments upon, release or permit substitutions for or withdrawals of, any security (other than the Collateral) at anytime directly or indirectly, immediately or remotely, securing the payment of the Indebtedness or any part thereof; and (v) release or pay to any person entitled to receive any amount paid or payable in respect of any direct or indirect security for the Indebtedness, or any part thereof.
Modification of Loans. The Servicer will make ----------------------------------------- reasonable efforts to collect all payments called for under the terms and provisions of the Loans included in the Asset Pool as and when the same become due, and will follow those collection procedures which it follows with respect to all comparable Loans that it services for itself or others; provided, -------- however, that so long as FNBNE or the Servicer Assignee is the Servicer the ------- Servicer shall collect all payments in accordance with the Credit and Collection Policies. The Servicer may not waive, modify or otherwise vary any provision of a Loan that is included in the Asset Pool other than as permitted in the Credit and Collection Policies or as permitted by the Deal Agent. The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing any Loan included in the Asset Pool.
Modification of Loans. AmericasBank shall have the right to release any and all instruments of record or any debtors or guarantors of such instruments and to supplement or replace such instruments, debtors, or guarantors with any like or similar instruments, debtors, or guarantors, to extend or modify periods of time of payment or any other terms or provisions of such instruments and, generally, to do and perform any and all things necessary and incident to collection of the Loans with equal rights, privileges, and powers which Rushmore has or was entitled to exercise.
Modification of Loans. The Servicer shall notify the ----------------------- Lender upon receipt of any request to amend, waive, modify, extend or otherwise vary the terms of a Loan, and follow the reasonable instructions of the Lender with respect to any such request or with respect to any other matter which requires the consent of the Lender.
Modification of Loans. The Servicer will make ----------------------------------------- reasonable efforts to collect all payments called for under the terms and provisions of the Loans included in the Collateral as and when the same become due, and will follow those collection procedures which it follows with respect to all comparable Loans that it services for itself or others. The Servicer may not waive, modify or otherwise vary any provision of a Loan that is included in the Collateral, except as may be in accordance with the provisions of the Credit and Collection Policy. The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing any Loan included in the Collateral.
Modification of Loans. Section 6.12 of the Agreement is deleted in its entirety and the following is substituted in lieu thereof: Section 6.12
