Common use of No Amendment or Compromise Clause in Contracts

No Amendment or Compromise. Without the prior written consent of the Buyer, neither Seller, either Guarantor nor those acting on Seller’s or either Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased Assets, any related rights or any of the Program Documents, provided that any such party may amend or modify a Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishings, fixtures, or equipment securing the Loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

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No Amendment or Compromise. Without the prior written consent of the Buyer, neither no Seller, either Guarantor nor those acting on such Seller’s or either Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased Assets, any related rights or any of the Program Documents, provided that any such party may amend or modify a Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishings, fixtures, or equipment securing the Loan.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

No Amendment or Compromise. Without the Buyer’s prior written consent of the Buyerconsent, neither Seller, either Guarantor Seller nor those any Person acting on Seller’s or either Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased AssetsMortgage Loans, any related rights or any of the Program DocumentsPrograms Agreements, provided that any such party Subservicer may amend or modify a Purchased Mortgage Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interestinterests, extend extends its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishingsfurnishings, fixtures, or equipment securing the Purchased Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Pennymac Financial Services, Inc.)

No Amendment or Compromise. Without the Buyers’ prior written consent consent, none of the Buyer, neither Seller, either Guarantor nor or those acting on Seller’s or either Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased AssetsLoans, any related rights or any of the Program Documents, provided that any such party may amend or modify a Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishingsfurnishings, fixtures, or equipment securing the Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (New York Mortgage Trust Inc)

No Amendment or Compromise. Without the prior written consent of the Buyer, neither no Seller, either the Guarantor nor those acting on such Seller’s or either the Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased Assets, any related rights or any of the Program Documents, provided that any such party may amend or modify a Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishings, fixtures, or equipment securing the Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

No Amendment or Compromise. Without the Buyer’s prior written consent of the Buyerconsent, neither Seller, either Guarantor Seller nor those any Person acting on Seller’s or either Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased AssetsMortgage Loans, any related rights or any of the Program DocumentsPrograms Agreements, provided that any such party Servicer may amend or modify a Purchased Mortgage Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interestinterests, extend extends its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishingsfurnishings, fixtures, or equipment securing the Purchased Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

No Amendment or Compromise. Without the prior written consent of the Buyer, neither Sellerthe Sellers, either the Guarantor nor those acting on such Seller’s or either the Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased Assets, any related rights or any of the Program Documents, provided that any such party may amend or modify a Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishings, fixtures, or equipment securing the Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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No Amendment or Compromise. Without the Buyer's prior written consent of the Buyerconsent, neither Seller, either Guarantor Originator nor those acting on Seller’s 's or either Guarantor’s Originator's behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased Assets, any related rights or any of the Program Documents, provided that any such party Servicer may amend or modify a Loan or lease if such amendment or modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishingsfurnishings, fixtures, or equipment securing the Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Spirit Finance Corp)

No Amendment or Compromise. Without the Buyer’s prior written consent of the Buyerconsent, neither Seller, either Guarantor Seller nor those any Person acting on Seller’s or either Guarantor’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased AssetsMortgage Loans, any related rights or any of the Program DocumentsAgreements, provided that any such party Servicer may amend or modify a Purchased Mortgage Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interestinterests, extend extends its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishingsfurnishings, fixtures, or equipment securing the Purchased Mortgage Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

No Amendment or Compromise. Without the Buyers’ prior written consent of the Buyerconsent, neither any Seller, either Guarantor nor any ECC Person nor those acting on any Seller’s or either Guarantorany ECC Person’s behalf shall amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased AssetsLoans, any related rights or any of the Program Documents, provided that any such party may amend or modify a Loan if such amendment or modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not materially and adversely affect the security afforded by the real property, finishingsfurnishings, fixtures, or equipment securing the Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

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