Amendments to the Servicing Agreement. The parties to this Assignment hereby agree to amend the Servicing Agreement as follows:
Amendments to the Servicing Agreement. The Servicing Agreement is hereby amended as follows:
(a) Section 1.01. Section 1.01 of the Servicing Agreement is amended by:
i. Deleting the definition of "Additional Collateral" and replacing it with the following: "ADDITIONAL COLLATERAL means, with respect to any Mortgage 100 Loan or Parent Power Mortgage Loan, the marketable securities subject to a security interest pursuant to the related Mortgage 100 Pledge Agreement or the Parent Power Guaranty and Security Agreement for Securities Account."
Amendments to the Servicing Agreement. The parties to this Assignment hereby agree to amend the Servicing Agreement as follows:
(a) With respect to the Specified Mortgage Loans, “Permitted Investments” shall have the meaning of such term as defined in the Pooling and Servicing Agreement.
(b) The definition of “Eligible Account” is hereby inserted into Section 1.01:
Amendments to the Servicing Agreement. The parties to this Assignment hereby agree to amend the Servicing Agreement as follows:
(a) The definition of "Permitted Investments" is hereby amended and restated in its entirety as follows:
Amendments to the Servicing Agreement. The parties to the Servicing Agreement hereby agree to amend the Servicing Agreement as follows:
(a) Section 4.04(viii) is hereby amended by replacing the reference to “Section 3.03” with “Section 3.02”;
(b) Section 4.05(vi) is hereby amended by replacing the reference to “Section 3.03” with “Section 3.02”;
Amendments to the Servicing Agreement. The parties to the Servicing Agreement hereby agree to amend the Servicing Agreement as follows:
(a) Section 4.04(viii) is hereby amended by replacing the reference to “Section 3.03” with “Section 3.02”;
(b) Section 4.05(vi) is hereby amended by replacing the reference to “Section 3.03” with “Section 3.02”;
(c) Notwithstanding any provision of the Agreement to the contrary, any reports required to be delivered by the Servicer pursuant to the terms of the Agreement with respect to the February 2006 Remittance Date shall be due on February 15, 2006; provided, however, such reports shall not be due unless and until the Servicer has received direction from the Depositor as to the resolution of any discrepancies in collections on the Specified Mortgage Loans necessary to deliver such reports.
Amendments to the Servicing Agreement. The Servicing Agreement is hereby amended as follows:
(a) The following shall be added to Section 2.2 as a new subsection (g):
Amendments to the Servicing Agreement. The Servicing Agreement is hereby amended as follows:
(a) The following shall be added to Section 2.2 as a new subsection (f):
(f) Servicer shall deliver “Instructions”, as that term is defined in the Custody and Control Agreement dated as of September 25, 2003, by and among Deutsche Bank Trust Company Americas, as custodian (in such capacity, the “Custodian”), the Successor Owner and Deutsche Bank Trust Company Americas, as Indenture Trustee (the “Custody and Control Agreement”), on behalf of Successor Owner, and shall direct the Custodian as to the investment of funds credited to the Trust Accounts; provided that Servicer will direct the Custodian to invest only in Permitted Investments (as such terms are defined in the Custody and Control Agreement) maturing no later than the required distribution date for such funds or, if earlier, the date specified in the Related Documents.”
(b) The following shall be added to Section 2.4 as a new clause (e): “and (e) to deliver “Instructions” and other directions as to the investment of funds credited to the Trust Accounts (as such terms are defined in the Custody and Control Agreement) on behalf of the Successor Owner; provided that such directions will limit the investment of funds only to Permitted Investments (as such term is defined in the Custody and Control Agreement) maturing no later than the required distribution date for such funds or, if earlier, the date specified in the Related Documents.”
(c) Section 2.8 shall be replaced in its entirety with the following provisions:
Amendments to the Servicing Agreement. The Servicing Agreement is hereby amended as follows:
(a) The first sentence of Section 6.1 shall be amended and restated as follows: “Servicer may resign in the circumstances set forth in clause (a), (b) or (c) of this Section 6.1.
(b) The following subsection (c) shall be added at the end of Section 6.1:
(c) Notwithstanding anything to the contrary in this Section 6.1, Servicer may resign from the obligations and duties imposed hereunder if Synchrony Financial or an Affiliate of Synchrony Bank shall have accepted its appointment as Successor Servicer and assumed the responsibilities and obligations of Servicer in accordance with Section 6.2; provided that the ratings requirement set forth in the first sentence of Section 6.2 shall not apply to Synchrony Financial or any Affiliate of Synchrony Bank that is appointed as Successor Servicer and, for the avoidance of doubt, satisfaction of the Rating Agency Condition shall not be required for such resignation. Servicer may not resign pursuant to this Section 6.1(c) prior to the date on which the Notes of all Series that are Outstanding on July 16, 2014 shall have either been paid in full or shall have consented to such appointment.”
Amendments to the Servicing Agreement. Section 1.1 of the Servicing Agreement shall be amended by deleting the definition of “Monthly Period” in its entirety and replacing it with the following: