Common use of Waiver of Past Events of Default; Termination Clause in Contracts

Waiver of Past Events of Default; Termination. The Holders of Certificates evidencing not less than 66-2/3% of the aggregate Voting Rights of the Certificates may, on behalf of all Holders of Certificates, waive any default by the Master Servicer or a Special Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to (including P&I Advances) or payments from the Collection Account or the Distribution Accounts or in remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default and the reimbursement to the Trustee of all reasonable costs and expenses incurred by it in connection with such default prior to such waiver, 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 thereon. 187

Waiver of Past Events of Default; Termination. The Holders of Certificates evidencing not less than 66-2/3% of the aggregate Voting Rights of the Certificates may, on behalf of all Holders of Certificates, waive any default by the Master Servicer or a Special Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to (including P&I Advances) or payments from the Collection Account, the Distribution Account or the Distribution Accounts REO Account or in remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default default, and the reimbursement payment to the Trustee of all reasonable costs and expenses incurred by it the Trustee in connection with such default and prior to its waivers (which costs shall be paid by the party requesting such waiver, ) 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 thereon. 187143

Waiver of Past Events of Default; Termination. The Holders of Certificates evidencing not less than 66-2/3% of the aggregate Voting Rights of the Certificates may, on behalf of all Holders of Certificates, waive any default by the Master Servicer or a Special Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to (including P&I Advances) or payments from the Collection Account, the Distribution Account or the Distribution Accounts REO Account or in remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default default, and the reimbursement payment to the Trustee of all reasonable costs and expenses incurred by it the Trustee in connection with such default and prior to such waiver, its waivers (which costs shall be paid as an Additional Trust Fund Expense) 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 thereon. 187.

Waiver of Past Events of Default; Termination. The Holders of Certificates evidencing not less than 66-2/3% of the aggregate Voting Rights of the Certificates may, on behalf of all Holders of Certificates, waive any default by the Master Servicer or a Special Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required deposits to (including P&I Advances) or payments from the Collection Account, the Distribution Account or the Distribution Accounts REO Account or in remitting payments as received, in each case in accordance with this Agreement. Upon any such waiver of a past default default, and the reimbursement payment to the Trustee of all reasonable costs and expenses incurred by it the Trustee in connection with such default and prior to such waiver, its waivers (which costs shall be paid as an Additional Trust Fund Expense) 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 thereon. 187154