Amendment to the Servicing Agreement Sample Clauses
The "Amendment to the Servicing Agreement" clause establishes the process and requirements for making changes to the existing servicing agreement between parties. Typically, this clause outlines who must consent to amendments, the form such amendments must take (often requiring written documentation), and any notice periods or procedures that must be followed. Its core function is to ensure that any modifications to the agreement are made transparently and with mutual consent, thereby preventing misunderstandings or unauthorized changes.
Amendment to the Servicing Agreement. The term “Seller” as that term is used in the Servicing Agreement shall be amended to include “CT LEGACY CAYMAN, LTD.”. The obligations of Legacy and Joinder Party, as a Seller, under Section 6.02 of the Servicing Agreement shall be joint and several. Joinder Party hereby agrees to be bound by all of the terms and conditions set forth in the Servicing Agreement.
Amendment to the Servicing Agreement. The Indenture Trustee may, without the consent of any Holder (other than the Note Purchaser), enter into or consent to any amendment or supplement to the Sale and Servicing Agreement for the purpose of increasing the obligations or duties of any party other than the Indenture Trustee or the Holders of the Secured Notes. The Indenture Trustee may, in its discretion, decline to enter into or consent to any such supplement or amendment: (i) unless the Indenture Trustee receives an Opinion of Counsel that the position of the Holders would not be materially adversely affected or (ii) if its own rights, duties or immunities would be adversely affected.
Amendment to the Servicing Agreement. From and after the date first set forth above, the Servicing Agreement is hereby amended as follows:
a. Section 2(d) of the Servicing Agreement is hereby deleted and replaced with the following:
Amendment to the Servicing Agreement. Effective as of the Effective Date (as defined below), Clause (a) of the definition of “Servicer Financial Covenant Default” set forth in Section 1.01 of the Servicing Agreement is hereby amended by replacing the figure “$27,500,000” with the figure “$20,000,000”.
Amendment to the Servicing Agreement. Effective as of the Effective Date, and subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, the Servicing Agreement is hereby amended as follows:
3.1 Section 2.2(a)(viii) to the Servicing Agreement is hereby amended and restated in its entirety as follows:
Amendment to the Servicing Agreement. The Servicing Agreement is hereby amended as follows:
9.01 All references to “Reallocation Payment” in Section 2.6 therein are deleted and replaced with “Repurchase Payment.”
Amendment to the Servicing Agreement. The parties to this Deed acknowledge and agree that the Servicing Agreement shall be deemed to have been amended as follows as from the Deemed Effective Date:
(a) the definition of “Consolidated Tangible Net Worth” shall be deleted in its entirety and replaced by the following:
Amendment to the Servicing Agreement. Effective as of the “Amendment Effective Date” (as defined below) and subject to the satisfaction of the condition precedents set forth in Section 3 below, clause (i) of the definition of “Servicer Default” set forth in Section 1.01 of the Servicing Agreement is amended and restated in its entirety to read as follows:
Amendment to the Servicing Agreement. Immediately upon the satisfaction of each of the conditions precedent set forth in SECTION 7 of this Omnibus Amendment, the Servicing Agreement is hereby amended, effective as of the date first written above, by deleting Section 4.4 thereof in its entirety and replacing it with "[Intentionally Omitted]."
Amendment to the Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to, and serviced under, the Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder,
(a) The definition of “Business Day” shall be amended by adding the words “Maryland, Minnesota” before the word “Washington.”
(b) Section 6.04 of the Servicing Agreement, as amended by that certain Regulation AB Amendment to the Servicing Agreement, dated as of January 1, 2006, shall be amended by adding “with a fifteen (15) calendar day cure period” after “On or before March 1.”