Common use of Waiver of Defaults Clause in Contracts

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive only by written notice any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waivedwaived in writing.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any Any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequencesconsequences may be waived pursuant to Section 7.01. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner or the Servicer may waive only by written notice any default by the Defaulted Servicer other in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waivedwaived in writing.

Waiver of Defaults. The Owner may waive any such default by the Defaulted Servicer Company in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default Default, as defined in Section 6.01, arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default Event of Default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive waive, only by written notice, any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waivedwaived in writing.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner Lender may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall be effective unless it shall be in writing and signed by the Lender and no such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Servicing Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive in writing any default by the Defaulted Oversight Servicer in the performance of its obligations hereunder and its consequences. Upon any such written waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default Event of Default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner Company may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner By a written notice, the Owners may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner Holder may waive any default by the Defaulted Servicer Company in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any such default by the Defaulted Servicer Company in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default Default, as defined in Section 7.01, arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive in writing any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive only by written notice and only upon the written consent of Lender any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waivedwaived in writing.

Waiver of Defaults. The Owner Owner/Servicer may waive in writing any default by the Defaulted Servicer Subservicer in the performance of its obligations hereunder and its consequences. Upon any such written waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner Lenders may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall be effective unless it shall be in writing and signed by the Lenders and no such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any Any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequencesconsequences may be waived by the Purchaser. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default default arising therefrom shall be deemed to have been remedied for every purpose of this AgreementAgreement and the Facility Documents. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner Purchaser may waive any default by the Defaulted Servicer in the 49 performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default Event of Default or impair any right consequent thereto thereon except to the extent expressly so waived.. NY1 8630204v.6

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequenceshereunder. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner or, if applicable, the Guarantor, may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. .Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No Xxxxxxxxx.Xx such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner Company may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default, such default shall cease to exist, and any Servicer Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default Event of Default or impair any right consequent thereto thereon except to the extent expressly so waived.. [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 70

Waiver of Defaults. The By a written notice, the Owner or the Administrator may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any Any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequencesconsequences may be waived pursuant to Section 7.01. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default default arising therefrom shall be deemed to have been remedied for every purpose of this AgreementAgreement and each other Transaction Document to which the Servicer is a party. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto thereon except to the extent expressly so waived.

Waiver of Defaults. The Owner may waive any default by the Defaulted Servicer in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default Event of Default or impair any right consequent thereto thereon except to the extent expressly so waived. ARTICLE XII RECONSTITUTIONS