Material CLO Modification definition

Material CLO Modification means any amendment or waiver of, or modification or supplement to, or termination, cancellation or release of, any term of the documentation executed or delivered in connection with the issuance of a Specified CLO Asset (other than with respect to any such amendment, waiver, modification, supplement, termination, cancellation or release relating to the Underling Loan Obligation for such Specified CLO) for which the Sponsor or a wholly-owned Subsidiary thereof must agree to or consent and could reasonably be expected to have a material effect on the Value of such Specified CLO Asset or the rights of the Sponsor or a wholly owned Subsidiary thereof with respect thereto.
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Examples of Material CLO Modification in a sentence

  • For the avoidance of doubt, if the Majority Lenders do not respond to the request for consent for any proposed Material Modification or Material CLO Modification within the five Business Day period or ten Business Day period, as the case may be, such consent shall be deemed to have been declined.

  • If notified by the Borrower, the Majority Lenders shall have (A) five Business Days with respect to all Material Modifications not relating to payment defaults and (B) ten Business Days with respect to all Material CLO Modifications or Material Modifications relating to all payment defaults to consent or decline to consent to such Material Modification or Material CLO Modification.

  • Whether or not such notice is given or such consent is obtained, the Borrower may proceed with such Material Modification or Material CLO Modification, but, if such consent is not obtained, the Borrower shall make any necessary adjustments to the calculation of Value and Total Portfolio Value as a result thereof as required by Section 2.04(b).

  • For the avoidance of doubt, if the Majority Lenders do not respond to the request for consent for any proposed Material CLO Modification within the ten Business Day period such consent shall be deemed to have been declined.

  • Whether or not such notice is given or such consent is obtained, the Borrower may proceed with such Material Modification or Material CLO Modification, but, if such consent is not obtained, the NAI-1528532842v5 Borrower shall make any necessary adjustments to the calculation of Value and Total Portfolio Value as a result thereof as required by Section 2.04(b).

  • Subject to the following sentence, the Guarantor and the Applicable Subsidiary holding such Specified CLO Asset shall give prior written notice to the Lenders of any Material CLO Modification with respect to a Specified CLO Asset.

  • Whether or not such notice is given or such consent is obtained, the Guarantor or the Applicable Subsidiary, as the case may be, may proceed with such Material CLO Modification, but, if such consent is not obtained, the Borrower shall make any necessary adjustments to the calculation of Value and Total Portfolio Value as a result thereof as required by the Loan and Servicing Agreement.

  • If notified by the Guarantor and such Applicable Subsidiary, the Majority Lenders shall have ten Business Days to consent or decline to consent to such Material CLO Modification.

Related to Material CLO Modification

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Modification are defined in Section 2.19.1.

  • Major modification means any physical change in or change in the method of operation of a major stationary source that would result in a significant emissions increase of a regulated NSR pollutant and a significant net emissions increase of that pollutant from the major stationary source.

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Significant Modification As defined in Section 3.25.

  • PAL major modification means, notwithstanding the definitions for major modification and net emissions increase in 326 IAC 2-2-1, any physical change in or change in the method of operation of the PAL source that causes it to emit the PAL pollutant at a level equal to or greater than the PAL.

  • Substantial modification means modification of a relevant source that results in a significant increase in emissions, excluding any change in emissions resulting from by-product recovery. It shall be a matter for the Party to decide whether a modification is substantial or not;

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;

  • Material Permit shall have the meaning ascribed to such term in Section 3.1(n).

  • Minor modification means a modification that does not significantly alter the nongovernmental function or purpose of the software or is of the type customarily provided in the commercial marketplace.

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Material Contract means any contract or other arrangement (other than Loan Documents), whether written or oral, to which any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect.

  • Material Amendment has the meaning provided in Section 9.6.

  • Basic Terms Modification means any proposal:

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.

  • Material Consents as defined in Section 7.3.

  • Material Agreements shall have the meaning assigned to such term in Section 4.16 hereof.

  • Major Amendment means any change which is not a minor amendment.

  • Material Lease has the meaning set forth in Section 3.17(a).

  • Material Deviation refers to any contents or characteristics of the proposal that is significantly different from an essential aspect or requirement of the RFP, and : (i) substantially alters the scope and quality of the requirements; (ii) limits the rights of UNDP and/or the obligations of the offeror; and (iii) adversely impacts the fairness and principles of the procurement process, such as those that compromise the competitive position of other offerors.

  • Permitted Modification shall have the meaning ascribed thereto in Section 4.02.

  • Amendment means a written agreement, signed by the Parties, which documents changes to the Contract other than those permitted by Work Orders.

  • Material Project Documents means, collectively, the Power Purchase Agreement, the EPC Contract, the Transmission Facilities Construction Agreement, the O&M Agreement, the Coal Supply Agreements, the Coal Transportation Agreement and all other instruments, agreements or other documents arising from or related to the Project, but shall not include any Financing Agreement.

  • Special permit means permission granted specifically on application in advance and in accordance with Annex II and Annex III.