Repayment Plan and Forbearance Agreement Sample Clauses

Repayment Plan and Forbearance Agreement. If the Special ---------------------------------------- Servicer pursues a repayment plan in respect of a Transferred Mortgage Loan pursuant to the authority granted to the Special Servicer by the terms and provisions of Section 3.10 (a) above, the Special Servicer will negotiate an agreement with the Mortgagor for repayment of the delinquent payments over a period and for forbearance from foreclosure during the term of such agreement. If such Mortgagor shall at any time be in default under any such agreement, the Special Servicer shall promptly proceed with foreclosure proceedings in accordance with Section 3.10 (c) hereof (while simultaneously pursuing other resolution strategies). The Special Servicer shall retain any fees paid by the Mortgagor in connection with such repayment plan or forbearance agreement as Ancillary Income.
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Repayment Plan and Forbearance Agreement. If the Servicer pursues ---------------------------------------- a repayment plan in respect of a Loan pursuant to the authority granted to the Servicer by the terms and provisions of Section 3.1 above, the Servicer will negotiate an agreement with the Obligor for repayment of the delinquent payments over a period and for forbearance from foreclosure during the term of such agreement. If such Obligor shall at any time be in default under any such agreement, the Servicer shall promptly proceed with foreclosure proceedings in accordance with Section 3.3 hereof (while simultaneously pursuing other resolution strategies). The Servicer shall retain any fees paid by the Obligor in connection with such repayment plan or forbearance agreement as Ancillary Income.
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Related to Repayment Plan and Forbearance Agreement

  • Forbearance Agreement Except as otherwise expressly provided herein, (i) the Forbearance Agreement is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that on and after the date hereof (A) all references in the Forbearance Agreement to "this Forbearance Agreement ", "hereto", "hereof", "hereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this Amendment, and (B) all references in the Financing Agreement or any other Loan Document to the " Forbearance Agreement ", "thereto", "thereof", "thereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this amendment. This Amendment shall be effective only in the specific instances and for the specific purposes set forth herein and does not allow for any other or further departure from the terms and conditions of the Forbearance Agreement or the Financing Agreement which terms and conditions shall remain in full force and effect.

  • Complete Agreement; Modification of Agreement This Agreement constitutes the complete agreement among the parties hereto with respect to the subject matter hereof, supersedes all prior agreements and understandings relating to the subject matter hereof, and may not be modified, altered or amended except as set forth in Section 8.6.

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • Amendment, Modification and Supplement Upon amendment, modification and supplement of this Contract shall be subject to the written agreement executed by each party.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • Modifications to Loan Agreement 1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 13.1 thereof:

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • of the Loan Agreement Section 14.1.1(c)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • One Agreement This Agreement and any related security or other agreements required by this Agreement, collectively: (a) represent the sum of the understandings and agreements between the Bank and the Borrower concerning this credit; (b) replace any prior oral or written agreements between the Bank and the Borrower concerning this credit; and (c) are intended by the Bank and the Borrower as the final, complete and exclusive statement of the terms agreed to by them. In the event of any conflict between this Agreement and any other agreements required by this Agreement, this Agreement will prevail.

  • Amending Agreement The Trustees are directed to amend the Trust Agreement or the Pension Plan to be consistent with the provisions of this Agreement. The Trustees shall have discretion in acting on claims for benefits under the plan subject to review only in accordance with the arbitrary and capricious standard.

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