Materially Modified Loan definition
Materially Modified Loan. Any Loan subject to a Material Modification, unless otherwise deemed not to constitute a Materially Modified Loan by the Administrative Agent in its sole discretion.
Materially Modified Loan means a Loan that has been terminated, released (including pursuant to prepayment), amended, modified, waived or subject to an equivalent similar undertaking or agreement by the Servicer which is not permitted under the standards and criteria set forth in Sections 5.08 and/or 5.09 hereof, as applicable.
Materially Modified Loan. Any Loan subject to a Material Modification.
More Definitions of Materially Modified Loan
Materially Modified Loan means any Loan subject to a Material Modification, but shall not include any loan and/or extension of credit provided solely for refinancing purposes at such Loan’s original scheduled maturity date.