PAYMENT MODIFICATION definition

PAYMENT MODIFICATION means any alteration, addition or revocation of any provision of the US Dollar 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 of the Class A-1 Notes including, without limitation, any modification to the Stated Amount, Invested Amount, Interest Rate or Scheduled Maturity Date in respect of the Class A-1 Notes or to Conditions 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-1 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-1 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-1 Notes (including the Conditions).

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).

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:

Examples of PAYMENT MODIFICATION in a sentence

• The Payment Modification System (PMS) provides an effective method to redirect purchase checks to lending institutions as co-payee with the titled owner.

• That, as of the Temporary Loan Payment Modification Effective Date, notwithstanding any other provision of the Loan Documents, if all or any part of the Property or any interest in it is sold or transferred without Lender’s prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by the Mortgage.

• If Lender requires me to obtain credit counseling in connection with the Temporary Loan Payment Modification, I will do so; and G.

• The Association of Surgeons in Training (ASiT) and the British Orthopaedic Trainees’ Association (BOTA) have shown the adverse effect on training of the cessation of elective work over the winter months and this must be reflected in the Annual Review of Competence Progression (ARCP) assessments, perhaps by applying a no fault extension to the length of training for those trainees who have been disadvantaged.

• If prior to the Temporary Loan Payment Modification Effective Date (as defined in Section 3) the Lender determines that any of my representations in Section 1 are no longer true and correct, or any of the covenants in Section 1 has not been performed, the Loan Documents will not be modified and this Agreement will terminate.

More Definitions of PAYMENT MODIFICATION

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:

PAYMENT MODIFICATION means any alteration, addition or revocation of any provision of the Transaction Documents or the Class A1c Notes (including the Class A1c Note Conditions) which modifies:

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

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).

PAYMENT MODIFICATION means any alteration, addition or revocation of any provision of the Transaction Documents or the Offered Notes (including these Class A Note Conditions) which modifies:

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:

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: