Common use of Waivers or Amendments Clause in Contracts

Waivers or Amendments. Subject to Ambac's obligations set forth in Section 7.2 hereof, the Issuer shall not, except as expressly consented to by Ambac in writing or otherwise waive, modify or amend, or consent to any waiver, modification or amendment of any provisions of the Transaction Documents, which could reasonably be expected to be adverse in any material respect to the interests of Ambac. The Issuer shall notify Ambac and Moody's (so long as Xxxxx'x is rating the risk securing Ambac's obligations under the Loan Insurance Policy and the Preferred Shares Insurance Policy) five (5) Business Days prior to the effectiveness of any proposed amendment for which the consent of Ambac has not been sought.

Waivers or Amendments. Subject to Ambac's obligations set forth in Section 7.2 hereof, the Issuer Borrower shall not, except as expressly consented to by Ambac in writing or otherwise waive, modify or amend, or consent to any waiver, modification or amendment of any provisions of the Transaction Documents, which could reasonably be expected to be adverse in any material respect to the interests of Ambac. The Issuer Borrower shall notify Ambac and Moody's (so long as Xxxxx'x is rating the risk securing Ambac's obligations under the Loan Insurance Policy and the Preferred Shares Insurance Policy) five (5) Business Days prior to the effectiveness of any proposed amendment for which the consent of Ambac has not been sought.