If they waive (= remove) the time limit, many more applications will come in.
He decided to waive his right to legal representation and speak directly to the judge.
The athlete chose to waive his bonus, asking the team to allocate it to a charity instead.
In some cases, a landlord may choose to waive a late fee for tenants facing temporary financial difficulties.
To foster goodwill, the company decided to waive the cancellation fee for customers affected by unforeseen circumstances.