tokens: None of the following actions may be undertaken by the Servicer without the prior written consent of the Company : 4 ( i ) modify , amend or waive in any respect whatsoever ( A ) the interest rate , monthly payment , or other monetary or economic provisions ( including with respect to the date or time upon which any obligations are due ) of the Loan , including to defer interest payments ; ( B ) any provision in the Loan Documents that restricts Borrower from incurring additional indebtedness ; or ( C ) any other provisions in the Loan Documents other than non - monetary , non - economic or administrative amendments or modifications which the Servicer believes in good faith and in accordance with Accepted Loan Servicing Practices will not in any material and adverse way affect any Holder ' s rights under this Agreement , the Loan Documents or the value of the Property ; ( ii ) waive or reduce the amount of any reserves required to be maintained by Borrower , except as explicitly permitted by the Loan Agreement ; ( iii ) modify the principal amount of the Loan ; ( iv ) extend or shorten the maturity date of the Loan or any note , other than in accordance with the express provisions of the Loan Agreement ; ( v ) waive , compromise or settle any material claim against Borrower or any or other Person liable for payment of the Loan in whole or in part or for the observance and performance by Borrower of any of the terms , covenants , provisions and conditions of the Loan Documents , or release Borrower or any other Person liable for payment of the Loan in whole or in part from any obligation or liability under the Loan Documents ; ( vi ) approve or consent to a Borrower Transfer ; ( vii ) encumber , release , or modify , in whole or in part , any collateral or security interest held under the Loan Documents other than in accordance with the terms hereof or any of the express provisions of the Loan Agreement ; ( viii ) enforce or refrain from enforcing all of the rights , remedies and privileges afforded or available to the respective Holders under the terms of the Loan Documents , including , without limitation , accelerating the Loan ( unless such acceleration is automatic under the Loan Documents ), foreclosing on any mortgage or pledge or accepting a deed in lieu of foreclosure ; ( ix ) following a foreclosure of the Mortgage or any pledge or acceptance of a deed in lieu of foreclosure , approve a recommended course of action for the Property , approve the property manager and selling agent , and approve the sale price of the Property ; ( x ) the approval or adoption of any plan of bankruptcy , reorganization , restructuring or similar event in an Insolvency Proceeding with respect to the Borrower or any guarantor ; ( xi ) any incurrence of additional debt by the Borrower or any mezzanine financing by any direct or indirect beneficial owner of the Borrower ( to the extent that the Lender has consent rights pursuant to the Loan Documents with respect thereto ); 5 ( xii ) any waiver of the enforcement of any insurance requirements under the Loan Documents with respect to terrorism , earthquake , flooding , windstorm or political risk ; ( xiii ) any material amendment to the special purpose entity provisions in the Loan Agreement ; ( xiv ) the subordination of any mortgage or pledge to any other mortgage or pledge or other material monetary claim against the Property ; or ( xv ) waiver of any material default or Event of Default .