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

Waiver of Past Events of Servicing Termination. The Master Servicer may waive any Event of Servicing Termination hereunder and its consequences. Upon any such waiver of a past Event of Servicing Termination, such Event of Servicing Termination will cease to exist, and will be deemed to have been remedied for every purpose of this Agreement. No such waiver will extend to any subsequent or other event or impair any right consequent thereon.

Waiver of Past Events of Servicing Termination. The Master Servicer Purchaser may waive any Servicer Termination Event of Servicing Termination hereunder and its consequences. Upon any such waiver of a past Event of Servicing TerminationServicer Termination Event, such Servicer Termination Event of Servicing Termination will cease to exist, and will be deemed to have been remedied for every purpose of this Agreement. No such waiver will extend to any subsequent or other event or impair any right consequent thereon.