Amendments to the Sale and Servicing Agreement. (a) Amendments to Section 1.
Amendments to the Sale and Servicing Agreement. Effective as of December 29, 2006 or such later date as OOMC shall designate (the “Effective Date”) and subject to the satisfaction of the conditions precedent set forth in Section 9 hereof, the Sale and Servicing Agreement is hereby amended as follows:
(a) The definition of “Loan Originator” set forth in Section 1.01 of the Sale and Servicing Agreement is hereby amended to provide as follows:
Amendments to the Sale and Servicing Agreement. (A) Section 1.01 of the Sale and Servicing Agreement is hereby amended by amending the definition of the term “Revolving Period” in its entirety to read as follows:
Amendments to the Sale and Servicing Agreement. (a) By their acceptance of a Note, the Noteholders acknowledge that the Seller, the Servicer and the Issuer may amend the Sale and Servicing Agreement pursuant to Section 13.01 thereof without the consent of any Noteholder, so long as such amendment would not materially adversely affect the interest of any Noteholder and the Indenture Trustee shall have received written confirmation from each Note Rating Agency that such amendment will not have a Ratings Effect.
(b) By their acceptance of a Note, each Noteholder will be deemed to have consented to any amendment to the Sale and Servicing Agreement and any other document or agreement relating thereto (i) for the purpose of providing for the transfer of Receivables from DCWR (or any additional seller under the Sale and Servicing Agreement) to a bankruptcy remote special purpose entity and from such entity to the Issuer and the substitution of a bankruptcy remote special purpose entity as the beneficiary of the Issuer or (ii) for the purpose of providing for any Designated Affiliate Transfer (as defined in the Sale and Servicing Agreement) pursuant to Section 7.04 of the Sale and Servicing Agreement.
Amendments to the Sale and Servicing Agreement. The parties to this Agreement hereby agree to amend the Sale and Servicing Agreement with respect to the Specified Mortgage Loans, as follows:
Amendments to the Sale and Servicing Agreement. The Sale and Servicing Agreement may be amended from time to time by the Seller, the Servicer and the Issuer in the manner specified by Section 10.01 of the Sale and Servicing Agreement; provided, however, that no such amendment shall be made unless either (A) the Swap Counterparty consents in writing to such amendment or (B) (1) with respect to any amendment other than an amendment pursuant to Section 10.01(a) of the Sale and Servicing Agreement to the extent necessary to cure any ambiguity, or to correct or supplement any provision therein which may be inconsistent with any other provision therein, the amendment will, as evidenced by a Materiality Opinion, have no material adverse effect on the interests of the Swap Counterparty or (2) with respect to an amendment pursuant to Section 10.01(a) of the Sale and Servicing Agreement to the extent necessary to cure any ambiguity, or to correct or supplement any provision therein which may be inconsistent with any other provision therein, the Servicer shall provide to the Swap Counterparty an officer’s certificate pursuant to Section 10.01(f) of the Sale and Servicing Agreement.
Amendments to the Sale and Servicing Agreement. Effective as of the Amendment Effective Date (as defined below) and subject to the satisfaction of the conditions precedent set forth in Section 5 below, the Sale and Servicing Agreement is hereby amended as follows:
2.01 Each applicable schedule to the Sale and Servicing Agreement is hereby amended to include the information set forth in the supplements (the “Supplementary Schedules”) to each of the schedules to the Sale and Servicing Agreement attached hereto.
2.02 Annex X to the Sale and Servicing Agreement is hereby amended as described in Section 3.08 below.
Amendments to the Sale and Servicing Agreement. The Sale and Servicing Agreement may be amended from time to time by the Seller, the Servicer and the Issuer in the manner specified by Section 10.01 of the Sale and Servicing Agreement; provided, however, that no such amendment (other than any amendment pursuant to Section 10.01(a) of the Sale and Servicing Agreement) shall be made unless either (A) the Swap Counterparty consents in writing to such amendment or (B) the amendment will, as evidenced by a Materiality Opinion, have no material adverse effect on the interests of the Swap Counterparty.
Amendments to the Sale and Servicing Agreement. The parties to this Agreement hereby agree to amend the Sale and Servicing Agreement with respect to the Specified Mortgage Loans, as follows:
(a) The definition of “Business Day” in Section 1 is hereby amended and restated in its entirety as follows:
Amendments to the Sale and Servicing Agreement. The Sale and Servicing Agreement may be amended from time to time by the Seller, the Servicer and the Issuer in the manner specified by Section 10.01 of the Sale and Servicing Agreement; provided, however, that no such amendment (other than any amendment pursuant to Section 10.01(a) of the Sale and Servicing Agreement to the extent necessary to cure any ambiguity, or to correct or supplement any provision therein which may be inconsistent with any other provision therein) shall be made unless either (A) the Swap Counterparty consents in writing to such amendment or (B) the amendment will, as evidenced by a Materiality Opinion, have no material adverse effect on the interests of the Swap Counterparty.
