Waiver of Servicer Defaults. The Trustee may waive only by written notice from Certificateholders evidencing 66-2/3 of the Voting Rights (unless such default materially and adversely affects all Certificateholders, in which case the written direction shall be from all of the Certificateholders) any default by the 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 Servicer 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 except to the extent expressly so waived in writing.
Waiver of Servicer Defaults. The Trustee may waive only by written notice from Certificateholders evidencing 66-2/3 of the Voting Rights (unless such default materially and adversely affects all Certificateholders, in which case the written direction shall be from all of the Certificateholders) any default by a Servicer in the performance of its obligations hereunder or under the M&T Servicing Agreement, as applicable, and its consequences. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer 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 except to the extent expressly so waived in writing.
Waiver of Servicer Defaults. The Majority Holders, or, if no Notes are Outstanding, the Owner Trustee, at the direction of the Certificateholder, may waive any Servicer Default and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Bank Accounts in accordance with this Agreement that resulted in an Event of Default in the payment of principal or interest on the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) under the Indenture. Upon any such waiver of a Servicer Default, such Servicer Default will cease to exist and will be deemed to have been remedied for every purpose under this Agreement. No such waiver will extend to any subsequent or other event or impair any right resulting from such waiver. The Issuer will promptly notify each Rating Agency of any such waiver.
Waiver of Servicer Defaults. The Certificate Insurer, for so long as a Certificate Insurer Default has not occurred and is not continuing, and otherwise Majority Certificateholders may waive any Servicer Default and its consequences, except that a default in the making of any required deposit into the Collection Account or the Certificate Account that would result in a failure by the Trust Administrator to make any required distribution on the Certificates may be waived only by all of the Certificateholders. Upon any waiver of a past Servicer Default, such Servicer Default shall cease to exist, and any Servicer 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 Servicer Default or impair any right consequent thereto except to the extent expressly so waived. Notice of any such waiver shall be given by the Trust Administrator to each Rating Agency and to all Certificateholders.
Waiver of Servicer Defaults. The Required Investors may, on behalf of the Transferor and all the Holders of each Series, waive in writing any Servicer Default hereunder and its consequences (other than a continuing failure to pay fees or expenses owing to the Trustee) and shall provide a copy of such written waiver to the Rating Agencies. Upon any such waiver of a Servicer Default, such Servicer Default shall cease to exist, and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other Servicer Default or impair any right consequent thereon except to the extent expressly so waived.
Waiver of Servicer Defaults. The Master Servicer, with the consent of the Trustee, may waive only by written notice any default by the 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 Servicer 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 except to the extent expressly so waived in writing.
Waiver of Servicer Defaults. 122 Section 7.06. Survivability of Servicer Liabilities............................................122
Waiver of Servicer Defaults. The Required Investors may, on behalf of all Holders, waive in writing any Servicer Default hereunder and its consequences. Upon any such waiver of a Servicer Default, such Servicer Default shall cease to exist and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other Servicer Default or impair any right consequent thereon except to the extent expressly so waived.
Waiver of Servicer Defaults. The Required Holders or Issuer, acting at the direction of the Required Holders, may, on behalf of Issuer and all Holders, waive in writing any Servicer Default hereunder and its consequences. Upon any such waiver of a Servicer Default, such Servicer Default shall cease to exist, and shall be deemed to have been remedied for every purpose of this Agreement. Issuer shall provide prompt written notice to the Rating Agencies of any such waiver. No such waiver shall extend to any subsequent or other Servicer Default or impair any right consequent thereon except to the extent expressly so waived.
Waiver of Servicer Defaults. The Required Person may, on --------------------------- behalf of the Transferor and all the Holders, waive in writing any Servicer Default hereunder and its consequences. Upon any such waiver of a Servicer Default, such Servicer Default shall cease to exist, and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other Servicer Default or impair any right consequent thereon except to the extent expressly so waived.
