Payment Modification definition

Payment Modification means any alteration, addition or revocation of any provision of the Transaction Documents or the Class A Notes (including the Class A Note Conditions) which modifies:
Sample 1Sample 2Sample 3
Payment Modification means any alteration, addition or revocation of any provision of the Offered Note Trust Deed or the Offered Notes (including the Conditions) which modifies: (a) the amount, timing, place, currency or manner of payment of principal or interest in respect of the Offered Notes including, without limitation, any modification to the Stated Amount, Invested Amount, Interest Rates or Scheduled Maturity Date in respect of the Offered Notes or to CONDITIONS 5.4, 6.3, 6.4, 6.10 and 7.2, clause 10 of the Series Supplement or clause 13 of the Security Trust Deed or which would impair the rights of Offered Noteholders to institute suit for enforcement of such payment on or after the due date for such payment; (b) the definition of the term "Special Majority", clause 21.5 of the Offered Note Trust Deed or the circumstances in which the consent or direction of a Special Majority of Offered Noteholders is required; (c) clause 6.1(a) of the Security Trust Deed; or (d) the requirements for altering, adding to or revoking any provision of the Offered Note Trust Deed or the Offered Notes (including the Conditions).
Sample 1Sample 2Sample 3
Payment Modification means, in relation to the Class A Notes, any alteration, addition or revocation of any provision of the Note Trust Deed, the Class A Notes (including the Conditions), the Trust Deed to the extent it applies to the PUMA Trust, the Sub-Fund Notice or the Security Trust Deed which modifies: (a) the amount, timing, place, currency or manner of payment of principal or interest in respect of the Class A Notes including, without limitation, any modification to the Principal Balance, interest rate or Final Maturity Date of the Class A Notes or to CONDITIONS 6.9 and 7.2, clauses 5.1, 5.2 or 5.5 of the Sub-Fund Notice or clause 13 of the Security Trust Deed or which would impair the rights of the Class A Noteholders to institute suit for enforcement of such payment on or after the due date for such payment; (b) the definition of the term "Special Majority", clause 21.4 of the Note Trust Deed or
Sample 1

Examples of Payment Modification in a sentence

  • Nothing in this clause limits the operation of the proviso in clause 24.1. 24.3 CONSENT TO PAYMENT MODIFICATION IN RELATION TO OFFERED NOTES If any alteration, addition or revocation referred to in clause 24.1 effects or purports to effect a Payment Modification (as defined in the Offered Note Trust Deed) it will not be effective as against a given Offered Noteholder unless consented to by that Offered Noteholder.

  • Nothing in this clause limits the operation of the proviso in clause 24.1. 24.3 CONSENT TO PAYMENT MODIFICATION IN RELATION TO CLASS A-1 NOTES If any alteration, addition or revocation referred to in clause 24.1 effects or purports to effect a Payment Modification (as defined in the US Dollar Note Trust Deed) it will not be effective as against a given Class A-1 Noteholder unless consented to by that Class A-1 Noteholder.

  • Nothing in this clause limits the operation of the proviso in clause 24.1. 24.3 CONSENT TO PAYMENT MODIFICATION IN RELATION TO OFFSHORE NOTES If any alteration, addition or revocation referred to in clause 24.1 effects or purports to effect a Payment Modification (as defined in the Offshore Note Trust Deed) it will not be effective as against a given Offshore Noteholder unless consented to by that Offshore Noteholder.

  • Nothing in this clause limits the operation of the proviso in clause 24.1. 24.3 CONSENT TO PAYMENT MODIFICATION IN RELATION TO NOTES If any alteration, addition or revocation referred to in clause 24.1 effects or purports to effect a Payment Modification (as defined in the Note Trust Deed) it will not be effective as against any Class A Noteholder unless consented to by that Class A Noteholder.


More Definitions of Payment Modification

Payment Modification means any alteration, addition or revocation of any provision of this Deed, the Class A-1 Notes (including the Class A-1 Note Conditions), the Master Trust Deed to the extent that it applies to the Series Trust, the Series Supplement or the Security Trust Deed which modifies:
Sample 1Sample 2
Payment Modification means any alteration, addition or revocation of any provision of the Class A-1 Note Trust Deed or the Class A-1 Notes (including the Conditions) which modifies: (a) the amount, timing, place, currency or manner of payment of principal or interest in respect
Sample 1Sample 2
Payment Modification means any alteration, addition or revocation of any provision of the US Dollar Note Trust Deed or the Class A Notes (including the Conditions) which modifies: (a) the amount, timing, place, currency or manner of payment of principal or interest in respect of the Class A Notes including, without limitation, any modification to the Stated Amount, Invested Amount, Interest Rate or Scheduled Maturity Date in respect of the Class A Notes or to CONDITIONS 5.4, 6.3, 6.9 and 7.2, clause 10 of the Series Supplement or clause 13 of the Security Trust Deed or which would impair the rights of Class A Noteholders to institute suit for enforcement of such payment on or after the due date for such payment; (b) the definition of the term "Special Majority", clause 21.4 of the US Dollar Note Trust Deed or the circumstances in which the consent or direction of a Special Majority of Class A Noteholders is required; (c) clause 6.1(a) of the Security Trust Deed; or (d) the requirements for altering, adding to or revoking any provision of the US Dollar Note Trust Deed or the Class A Notes (including the Conditions).
Sample 1
Payment Modification means any alteration, addition or revocation of any provision of the Offshore Note Trust Deed or the Offshore Notes (including the Conditions) which modifies: (a) the amount, timing, place, currency or manner of payment of principal or interest in respect of the Offshore Notes including, without limitation, any modification to the Stated Amount, Invested Amount, Interest Rates or Scheduled Maturity Date in respect of the Offshore Notes or to Conditions 5.4, 6.3, 6.4, 6.10 and 7.2, clause 10 of the Series Supplement or clause 13 of the Security Trust Deed or which would impair the rights of Offshore Noteholders to institute suit for enforcement of such payment on or after the due date for such payment; (b) the definition of the term "Special Majority", clause 21.5 of the Offshore Note Trust Deed or the circumstances in which the consent or direction of a Special Majority of Offshore Noteholders is required; (c) clause 6.1(a) of the Security Trust Deed; or (d) the requirements for altering, adding to or revoking any provision of the Offshore Note Trust Deed or the Offshore Notes (including the Conditions).
Sample 1
Payment Modification means, in respect of a Trust, any alteration, addition or revocation of any provision of a Transaction Document for that Trust or the Notes (including the Conditions, as applicable) of that Trust which affects:
Sample 1
Payment Modification means any alteration, addition or revocation of any provision of the Transaction Documents or the [Class of US Notes] (including the [Conditions of Class of US Note]) which modifies:
Sample 1

Related to Payment Modification

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

  • 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.

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

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

  • 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.

  • Cross-Series Modification means a modification involving (i) the Bonds or any agreement governing the issuance or administration of the Bonds, and (ii) the debt securities of one or more other series or any agreement governing the issuance or administration of such other debt securities.

  • Modification Fee means a fee, if any, collected from a Mortgagor by the Master Servicer in connection with a modification of any Mortgage Loan (other than a Non-Serviced Mortgage Loan), Serviced Companion Mortgage Loan or B Note other than a Specially Serviced Mortgage Loan or collected in connection with a modification by the Special Servicer of a Specially Serviced Mortgage Loan.

  • 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.

  • Basic Terms Modification means any proposal:

  • 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;

  • Modification Excess With respect to each Payment Date and any Reference Obligation that has experienced a Modification Event, the excess, if any, of: (a) one-twelfth of the Current Accrual Rate multiplied by the interest bearing unpaid principal balance (the “UPB”) of such Reference Obligation; over (b) one-twelfth of the Original Accrual Rate multiplied by the UPB of such Reference Obligation.

  • 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.

  • Servicing Modification Any reduction of the interest rate on or the outstanding principal balance of a Mortgage Loan, any extension of the final maturity date of a Mortgage Loan, and any increase to the outstanding principal balance of a Mortgage Loan by adding to the Stated Principal Balance unpaid principal and interest and other amounts owing under the Mortgage Loan, in each case pursuant to a modification of a Mortgage Loan that is in default, or for which, in the judgment of the Master Servicer, default is reasonably foreseeable in accordance with Section 3.07(a).

  • Permitted Modifications As defined in Section 2.02(a) of the Servicing Agreement.

  • Loan Modification Agreement means a Loan Modification Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among the Borrower, the other Loan Parties, one or more Accepting Lenders and the Administrative Agent.

  • Investment Strategy Modification means with respect to an Investment Strategy, the Portfolio Administrator makes operational adjustments to the Investment Strategy to ensure that, so far as possible, the basic principles and economic effect of the Investment Strategy are maintained or any material modification to the Investment Strategy or its implementation by the Portfolio Administrator.

  • Modification are defined in Section 2.19.1.

  • 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.

  • 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 Agreement means any agreement between the Issuer (or the Servicer acting on its behalf) and a Supplier for the purchase and/or installation of a Required Modification or an Optional Modification.

  • Payment Agreement means a written agreement which provides

  • Index Modification means in respect of an Index, the Index Sponsor announces that it shall make a material change in the formula for or the method of calculating that Index or in any other way materially modifies that Index (other than a modification prescribed in that formula or method to maintain that Index in the event of changes in constituent stock and capitalisation and other routine events).