Componentization definition

Componentization means a bifurcation of the initial Note into multiple Notes or Note Components pursuant to Section 1.1(c) (and the terms “Componentize” and “Componentized” have meanings correlative thereto).
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Componentization means the separation and isolation of elements of a larger software system into discrete and separately deployable units. These Components may be dependent on other Components or applications for data, but the Components do not make assumptions about the specific source of these data, so long as the data are formatted properly according to the Component's APIs.
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Componentization means a bifurcation of the initial Note into multiple Notes or Note Components pursuant to Section 1.1(c) (and the terms “Componentize” and “Componentized” has meaning correlative thereto). “Componentization Notice” has the meaning set forth in Section 1.1(c). “Condemnation” means a taking or voluntary conveyance of all or part of any of the Properties or any interest therein or right accruing thereto or use of any of the Properties, as the result of, or in settlement of, any condemnation or other eminent domain proceeding by any Governmental Authority. “Contest Procedures” means, with respect to any contested obligation of Borrower, that Borrower is contesting in good faith and with due diligence the amount, validity or application thereof by appropriate proceedings at Borrower’s sole cost and expense, provided in each case that (i) such proceedings are conducted in accordance with all applicable Legal Requirements and contractual obligations and have the effect of suspending collection and enforcement; (ii) no part of or interest in the Property is in danger of being sold, forfeited, terminated, cancelled or lost; (iii) Borrower has notified Lender of such proceedings in writing, keeps Lender reasonably apprised of the status thereof, and promptly responds to any reasonable informational requests from Lender with respect thereto; (iv) promptly upon final determination thereof, Borrower pays any amount determined to be payable and complies with any obligation determined to be valid or applicable; and (v) Borrower furnishes to Lender such security as may be reasonably requested by Lender to insure compliance with the contested obligations, together with all interest and penalties payable in connection therewith (and Lender may apply any such security as necessary to cause compliance with such obligations at any time when, in the reasonable judgment of Lender, the amount determined to be payable or the validity, applicability or violation of such obligations is finally established or the Property, or any part thereof or interest therein, is in danger of being sold, forfeited, terminated, cancelled or lost). “Contingent Obligation” means, with respect to any Person, any obligation of such Person directly or indirectly guaranteeing any Debt of any other Person in any manner and any contingent obligation to purchase, to provide funds for payment, to supply funds to invest in any other Person or otherwise to assure or indemnify a creditor against loss. “Control...
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Examples of Componentization in a sentence

  • Apart from the foregoing, such Componentization shall not result in the modification of any other material economic terms of the Loan, or any decrease in any of Borrower’s rights or increase in Borrower’s obligations under the Loan Documents, in any material respect.

  • A Componentization Notice need not be countersigned by Borrower to be effective, but Borrower shall countersign any Componentization Notice if requested by ▇▇▇▇▇▇.

  • If the Note has been Componentized, all prepayments of the Loan made by Borrower in accordance with this Section shall be applied to the Notes or Note Components in the manner described in the most recent Componentization Notice.

  • Voluntary and involuntary prepayments of principal on the Loan shall be applied to the Notes or Note Components in the manner specified by Lender in the Componentization Notice which may increase the weighted average interest rate of the Notes or Note Components (with the result that the monthly interest payment owed by Borrower might increase).


More Definitions of Componentization

Componentization means sub-dividing an asset in to many, based on specific reasoning such as
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