Hi Palak,

In my opinion, I think you should waive your rights to read the recommendation because it's more respectful of the recos privacy and they will more likely write something that is extremely complimentary if they know you are not reading it - this is based on the assumption that you picked recommenders that you believe will write great recommendations.

I do not think admissions puts too much emphasis on whether or not you waive your rights. If anything, I believe that they would be more impressed if you did waive your rights because it shows you have confidence in your recommendations.

Hope that answers your question, feel free to email me directly if it doesn't.