Amendment to Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to the Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made:
Amendment to Servicing Agreement. The Indenture Trustee may, without the consent of any Holder, enter into or consent to any amendment or supplement to the Servicing Agreement for the purpose of increasing the obligations or duties of any party other than the Indenture Trustee or the Holders of the Notes. The Indenture Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment: (i) unless the Indenture Trustee receives an Opinion of Counsel that the position of the Holders would not be materially adversely affected or written confirmation from the Rating Agencies that the then-current implied ratings on the Notes (without taking into account the MBIA Insurance Policy) would not be adversely affected by such supplement or amendment or (ii) if its own rights, duties or immunities would be adversely affected.
Amendment to Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to the Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, Exhibit 7 (“Servicing Criteria to be Addressed in Assessment of Compliance”) shall be replaced with Exhibit 6 hereto. For the avoidance of doubt, the Servicing Agreement is not hereby amended with respect to any other mortgage loans sold thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.
Amendment to Servicing Agreement. The Indenture Trustee may, without the consent of any Holder, enter into or consent to any amendment or supplement to the Servicing Agreement for the purpose of increasing the obligations or duties of any party other than the Indenture Trustee or the Holders of the Bonds. The Indenture Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment: (i) unless the Indenture Trustee receives an Opinion of Counsel for the Issuer that the position of the Holders would not be materially adversely affected or (ii) if its own rights, duties or immunities would be adversely affected.
Amendment to Servicing Agreement. The Trustee may, without the consent of any Holder, enter into or consent to any amendment or supplement to the Servicing Agreement for the purpose of increasing the obligations or duties of any party other than the Trustee or the Holders of the Bonds. The Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment: (i) unless the Trustee receives an Opinion of Counsel that the position of the Holders would not be materially adversely affected or (ii) if its own rights, duties or immunities would be adversely affected.
Amendment to Servicing Agreement. The Indenture Trustee may, without the consent of any Holder, enter into or consent to any amendment or supplement to the Servicing Agreement for the purpose of increasing the obligations or duties of any party other than the Indenture Trustee or the Holders of the Bonds. The Indenture Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment: (i) unless the Indenture Trustee receives an Opinion of Counsel that the position of the Holders would not be materially adversely affected or written confirmation from the Rating Agencies that the then-current ratings on the Bonds would not be adversely affected by such supplement or amendment or (ii) if its own rights, duties or immunities would be adversely affected.
Amendment to Servicing Agreement. 1.01 Section 9.01(a) to the Servicing Agreement shall be replaced in its entirety with the following:
Amendment to Servicing Agreement. Section 3.5 of the Servicing Agreement is hereby amended by adding as the last subsection thereof the following:
Amendment to Servicing Agreement. (a) Exhibit A of the Servicing Agreement is hereby amended by deleting it in its entirety and substituting in its place the Monthly Servicer's Report attached hereto as Annex 1. Such Monthly Servicer's Report shall be designated Exhibit A to the Servicing Agreement.
Amendment to Servicing Agreement. The Lender shall have received an amendment to the Servicing Agreement, substantially in the form of Exhibit N hereto, executed and delivered by a duly authorized officer of the Borrower, the Lender and the Servicer.
