Materiality Determination definition

Materiality Determination. With respect to a Category 1 Request, the determination by Primary Servicer, exercised in good faith using the "Servicing Standard" set forth in the Pooling and Servicing Agreement, whether a Category 1 Consent Aspect is material and should be referred to the Special Servicer for consent in accordance with this Agreement and the Pooling and Servicing Agreement.
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Materiality Determination. : means with respect to a Category 1 Request, Master Servicer's determination, exercised in good faith using the Servicing Standard, whether a Category 1 Consent Aspect is material and should be referred to the Special Servicer for consent in accordance with this Agreement.
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Materiality Determination is defined in Section 9.2.
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Examples of Materiality Determination in a sentence

  • If Primary Servicer classifies a Post Closing Request as a Category 1 Request or Deemed Category 1 Request, it shall promptly (but in no event more than five (5) Business Days after receiving such request) notify Master Servicer of (a) such request; (b) Primary Servicer's classification of the Post Closing Request as a Category 1 Request or Deemed Category 1 Request; and (c) Primary Servicer's Materiality Determination regarding any Category 1 Consent Aspect involved in such request.

  • If Primary Servicer classifies a Post Closing Request as a Category 1 Request or Deemed Category 1 Request, it shall promptly (but in no event more than five (5) Business Days after receiving such request) notify Capmark Master Servicer of (a) such request; (b) Primary Servicer's classification of the Post Closing Request as a Category 1 Request or Deemed Category 1 Request; and (c) Primary Servicer's Materiality Determination regarding any Category 1 Consent Aspect involved in such request.