Common use of Amendments to Servicing Agreement Clause in Contracts

Amendments to Servicing Agreement. The Trustee may enter into any amendment or supplement to the Servicing Agreement only in accordance with Section 7.02 of the Servicing Agreement; PROVIDED, HOWEVER, at any time, the Trustee may, without the consent of the Noteholders, enter into an amendment to the Servicing Agreement modifying the repossession, foreclosure and liquidation procedures if such modifications are likely to minimize payments in connection with any filing or recording required in any jurisdiction where any Mortgaged Properties are located. The Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected.

Appears in 2 contracts

Samples: Indenture (Mid State Trust Vi), Indenture (Mid State Trust Vi)

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Amendments to Servicing Agreement. The Trustee may enter into any amendment or supplement to the Servicing Agreement only in accordance with Section 7.02 of the Servicing Agreement; PROVIDEDprovided, HOWEVERhowever, at any time, the Trustee may, without the consent of the Noteholders, enter into an amendment to the Servicing Agreement modifying the repossession, foreclosure and liquidation procedures if such modifications are likely to minimize payments in connection with any filing or recording required in any jurisdiction where any Mortgaged Properties are located. The Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected.

Appears in 2 contracts

Samples: Indenture (Mid-State Homes Inc), Indenture (Mid State Trust Vi)

Amendments to Servicing Agreement. The Indenture Trustee may enter into any amendment or supplement to the Servicing Agreement only in accordance with Section 7.02 of the Servicing Agreement; PROVIDEDprovided, HOWEVERhowever, at any time, the Indenture Trustee may, without the consent of the Noteholders, enter into an amendment to the Servicing Agreement modifying the repossession, foreclosure and liquidation procedures if such modifications are likely to minimize payments in connection with any filing or recording required in any jurisdiction where any Mortgaged Properties are located. The Indenture Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected.

Appears in 1 contract

Samples: Indenture (Mid State Homes Trust Xi)

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Amendments to Servicing Agreement. The Trustee may enter into any amendment or supplement to the Servicing Agreement only in accordance with Section 7.02 ____ of the Servicing Agreement; PROVIDEDprovided, HOWEVERhowever, at any time, the Trustee may, without the consent of the Noteholders, enter into an amendment to the Servicing Agreement modifying the repossession, foreclosure and liquidation procedures if such modifications are likely to minimize payments in connection with any filing or recording required in any jurisdiction where any Mortgaged Properties are located. The Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment if its own rights, duties or immunities shall be adversely affected.

Appears in 1 contract

Samples: Indenture (Nations Asset Securities Inc)

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