Special Negative Covenants Concerning Collateral. (a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Special Negative Covenants Concerning Collateral. (a) Amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Special Negative Covenants Concerning Collateral. Except in the ordinary course of business of servicing the Pledged Mortgage Loans in accordance with reasonable and customary servicing practices in the industry for the same type of mortgage loans as the Pledged Mortgage Loans, Company shall not do or permit any of the following:
Special Negative Covenants Concerning Collateral. 7.12(a) The Borrowers shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
Special Negative Covenants Concerning Collateral. (a) Without Administrative Agent’s prior written consent, Borrower shall not execute any amendments to any Servicing Agreement or any Acknowledgment Agreement that could reasonably be expected to materially and adversely affect the value of any Collateral or to reduce or delay payment or collection of amounts due Borrower from or in respect of any Collateral and Borrower will provide a copy of every supplement, amendment, restatement or replacement of any of such Servicing Agreements to Administrative Agent promptly (and in no event later than five (5) Business Days) after the same shall become effective other than any such supplements or amendments that are imposed by the Agency on all servicers through the Guide or otherwise. Notwithstanding the foregoing, each of Administrative Agent and the Lenders acknowledges that Freddie Mac has the authority to impose modifications and amendments to the Servicing Agreement without the approval, consent or agreement of Borrower and agrees that such imposition shall not be deemed a breach of this Agreement to the extent it is imposed on similarly situated servicers and sub-servicers.
Special Negative Covenants Concerning Collateral. As long as the Commitment is outstanding or there remain any Obligations to be paid or performed, the Borrowers must not, either directly or indirectly, without the prior written consent of the Agent and the Requisite Lenders:
Special Negative Covenants Concerning Collateral. (a) Without the Lender’s prior written consent, Borrower shall not execute any amendments to any Servicing Agreement that could reasonably be expected to materially and adversely affect the value of any Collateral or to reduce or delay payment or collection of amounts due Borrower from or in respect of any Collateral and Borrower will provide a copy of every supplement, amendment, restatement or replacement of any of such Servicing Agreements to the Lender promptly (and in no event later than five (5) Business Days) after the same shall become effective.
Special Negative Covenants Concerning Collateral. Except for actions taken in the ordinary course of servicing Pledged Mortgage Loans, grant any option with respect to, or pledge or otherwise encumber (except pursuant to this Agreement or sales to Investors for fair value) any of the Collateral or any interest therein.
Special Negative Covenants Concerning Collateral. (a) Amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities pledged by it. Notwithstanding, Borrower may waive, modify or vary any terms of any Pledged Mortgages or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any mortgagor; provided, however, that (unless the mortgagor is in default with respect to the Pledged Mortgage, or such default is, in the judgment of the Borrower, imminent) the Borrower may not permit any modification with respect to any Pledged Mortgage that would change the mortgage interest rate, defer or forgive the payment of any principal or interest, change the outstanding principal amount (except for actual payments of principal), make any future advances or extend the final maturity date, as the case may be, with respect to such Pledged Mortgage or release any collateral securing such Pledged Mortgage.
Special Negative Covenants Concerning Collateral. 7.15(a) The Company shall not amend or modify, or waive any of the terms and conditions of, or settle or compromise any claim in respect of, any Pledged Mortgages or Pledged Securities.
