Examples of Material Modification in a sentence
Within ten (10) Business Days after a Responsible Officer of the Collateral Manager obtains actual knowledge of the occurrence of a Material Modification, the Collateral Manager shall deliver to the Administrative Agent (with a copy to the Collateral Administrator) a notice setting forth the details thereof.
In addition, the Borrower shall provide to the Collateral Administrator, for inclusion in each Payment Date Report, a statement notifying of any amendment, modification or waiver under any Related Document for each Collateral Asset that constitutes a Material Modification that became effective since the immediately preceding Payment Date Report (or, in respect of the USActive 59109857.1659109857.18 first Payment Date Report, from the Closing Date) unless previously disclosed under Section 5.01(d)(vii).
Promptly upon receipt thereof, the Collateral Manager shall deliver to the Administrative Agent a copy of the related amendment or waiver with respect to such Material Modification.
Material Modification - A modification that has a material impact on the cost or timing of any Interconnection Request with a later queue priority date.