Common use of Waiver of Past Events of Servicing Termination Clause in Contracts

Waiver of Past Events of Servicing Termination. Subject to the rights of the Trustee, the Owners and the Seller pursuant to Section 8.20 to terminate all of the rights and obligations of any Servicer under this Agreement or the Owners of at least 51% of the Percentage Interests of the Class R Certificates may, on behalf of all Owners of Certificates, waive any default by such 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 Servicing Termination 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.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Trustee, Trustee (acting upon the request of the Owners of the majority of the Percentage Interests of the Offered Certificates then Outstanding as a whole and not on a Class by Class basis) and the Seller pursuant to Section 8.20 to terminate all of the rights and obligations of any Servicer under this Agreement or the Owners of at least 51% a majority of the Percentage Interests of the Class R Certificates may, on behalf of all Owners of Certificates, waive any default by such 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 Servicing Termination 117 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.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Trustee, Trustee (acting upon the request of the Owners of the majority of the Percentage Interests of the Offered Certificates then Outstanding as a whole and not on a Class by Class basis) and the Seller pursuant to Section 8.20 to 112 terminate all of the rights and obligations of any Servicer under this Agreement or the Owners of at least 51% a majority of the Percentage Interests of the Class R Certificates may, on behalf of all Owners of Certificates, waive any default by such 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 Servicing Termination 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.

Waiver of Past Events of Servicing Termination. Subject to the rights of the Trustee, the Owners and the Seller pursuant to Section 8.20 to terminate all of the rights and obligations of any Servicer under this Agreement or the Owners of at least 51% a majority of the Percentage Interests of the Class R Certificates may, on behalf of all Owners of Certificates, waive any default by such 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 Servicing Termination 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.