{"component": "definition", "props": {"groups": [{"size": 460, "snippet_links": [{"key": "the-term", "type": "definition", "offset": [35, 43]}, {"key": "material-action", "type": "clause", "offset": [45, 60]}, {"key": "major-decision", "type": "definition", "offset": [80, 94]}, {"key": "servicing-agreement", "type": "definition", "offset": [126, 145]}], "snippet": "shall have the meaning assigned to the term \u201cMaterial Action,\u201d \u201cMajor Action,\u201d \u201cMajor Decision\u201d or any equivalent term in the Servicing Agreement.", "samples": [{"hash": "gHeJSd38Dl4", "uri": "/contracts/gHeJSd38Dl4#major-action", "label": "Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2025-5c6)", "score": 36.7289543152, "published": true}, {"hash": "fzlp9QBemKu", "uri": "/contracts/fzlp9QBemKu#major-action", "label": "Co Lender Agreement (BBCMS Mortgage Trust 2025-5c36)", "score": 36.553730011, "published": true}, {"hash": "4XTlDQup7wf", "uri": "/contracts/4XTlDQup7wf#major-action", "label": "Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2024-5c1)", "score": 35.5434646606, "published": true}], "hash": "19c60d43f734c77497d419468cf77e91", "id": 1}, {"size": 55, "snippet_links": [{"key": "equityholders-agreement", "type": "clause", "offset": [33, 56]}], "snippet": "has the meaning set forth in the Equityholders Agreement.", "samples": [{"hash": "lp4ZSXlB894", "uri": "/contracts/lp4ZSXlB894#major-action", "label": "Operating Agreement (SC Sonoma Management, LLC)", "score": 24.4113616943, "published": true}, {"hash": "lhop7lIvsSk", "uri": "/contracts/lhop7lIvsSk#major-action", "label": "Operating Agreement (SC Sonoma Management, LLC)", "score": 24.4113616943, "published": true}, {"hash": "lTltWFJPK1M", "uri": "/contracts/lTltWFJPK1M#major-action", "label": "Operating Agreement (SC Sonoma Management, LLC)", "score": 24.4113616943, "published": true}], "hash": "4a87f339deacc9632635cb335aca424c", "id": 2}, {"size": 17, "snippet_links": [{"key": "note-a-1-securitization-date", "type": "definition", "offset": [40, 68]}, {"key": "the-term", "type": "definition", "offset": [82, 90]}, {"key": "material-action", "type": "clause", "offset": [92, 107]}, {"key": "major-decision", "type": "definition", "offset": [127, 141]}, {"key": "model-psa", "type": "definition", "offset": [173, 182]}, {"key": "securitization-servicing-agreement", "type": "clause", "offset": [344, 378]}], "snippet": "shall have the meaning (i) prior to the Note A-1 Securitization Date, assigned to the term \u201cMaterial Action\u201d, \u201cMajor Action\u201d, \u201cMajor Decision\u201d or any equivalent term in the Model PSA and (ii) from and after the Note A-1 Securitization Date, assigned to the term \u201cMaterial Action\u201d, \u201cMajor Action\u201d, \u201cMajor Decision\u201d or any equivalent term in the Securitization Servicing Agreement.", "samples": [{"hash": "9f5fDtldGoR", "uri": "/contracts/9f5fDtldGoR#major-action", "label": "Co Lender Agreement (BBCMS Mortgage Trust 2020-C7)", "score": 31.4804935455, "published": true}, {"hash": "eH913i8SGLf", "uri": "/contracts/eH913i8SGLf#major-action", "label": "Co Lender Agreement (Wells Fargo Commercial Mortgage Trust 2020-C55)", "score": 31.1546878815, "published": true}, {"hash": "8c69eV7qDfo", "uri": "/contracts/8c69eV7qDfo#major-action", "label": "Co Lender Agreement (UBS Commercial Mortgage Trust 2019-C18)", "score": 30.9657764435, "published": true}], "hash": "86456912cccd6f82b83a3b8a3960884b", "id": 3}, {"size": 12, "snippet_links": [], "snippet": "means any of the following:", "samples": [{"hash": "dNdUT4cipmA", "uri": "/contracts/dNdUT4cipmA#major-action", "label": "Limited Liability Company Agreement", "score": 32.5655937195, "published": true}, {"hash": "agrZ75QzLmW", "uri": "/contracts/agrZ75QzLmW#major-action", "label": "Limited Liability Company Agreement", "score": 31.3408622742, "published": true}, {"hash": "eWmv7BOCMGT", "uri": "/contracts/eWmv7BOCMGT#major-action", "label": "Limited Liability Company Agreement", "score": 25.3504447937, "published": true}], "hash": "bf45abc4fc1893e6a7ec31d8a0c0de44", "id": 4}, {"size": 11, "snippet_links": [{"key": "likely-to-have", "type": "clause", "offset": [24, 38]}, {"key": "adverse-environmental-impacts", "type": "definition", "offset": [51, 80]}], "snippet": "means an action that is likely to have significant adverse environmental impacts. \u201cMajor\u201d reinforces but does not have a meaning independent of \u201csignificantly\u201d (Section 25.05.794).", "samples": [{"hash": "6rVdHBXAGfD", "uri": "http://clerk.seattle.gov/public/archives/historicsmc/2000/2000SMCSEA25TXA.pdf", "label": "clerk.seattle.gov", "score": 10.1704311371, "published": false}, {"hash": "fPJaDv3QxNJ", "uri": "http://clerk.seattle.gov/public/archives/historicsmc/1998/1998SMCSEA25TXA.pdf", "label": "clerk.seattle.gov", "score": 8.1704311371, "published": false}, {"hash": "dh65EvH2rYA", "uri": "http://clerk.seattle.gov/public/archives/historicsmc/1997/1997_SEA25TXA.pdf", "label": "clerk.seattle.gov", "score": 8.1704311371, "published": false}], "hash": "242f30707416b856f0eeffc0b6846e65", "id": 5}, {"size": 8, "snippet_links": [{"key": "the-action", "type": "definition", "offset": [54, 64]}, {"key": "significant-effects", "type": "definition", "offset": [75, 94]}, {"key": "human-environment", "type": "definition", "offset": [119, 136]}], "snippet": "means an action of such magnitude and complexity that the action will have significant effects upon the quality of the human environment. It does not include actions whose significance is based only on economic or social effects.", "samples": [{"hash": "kBG0CGk7OeC", "uri": "https://docs.legis.wisconsin.gov/code/register/2006/607b/insert/nr150.pdf", "label": "docs.legis.wisconsin.gov", "score": 13.0598459244, "published": false}, {"hash": "1rCwTsAC8E0", "uri": "https://docs.legis.wisconsin.gov/code/register/2006/607b/remove/nr150.pdf", "label": "docs.legis.wisconsin.gov", "score": 13.005065918, "published": false}, {"hash": "k6YCdeRm8eg", "uri": "http://foxlocks.org/wp-content/uploads/2016/02/nr150.pdf", "label": "foxlocks.org", "score": 8.8494186401, "published": false}], "hash": "23a20d1b3cf79fd1d6809950274c96b8", "id": 6}, {"size": 6, "snippet_links": [], "snippet": "has the meaning set forth in Section 4.4(b) hereof.", "samples": [{"hash": "dNdUT4cipmA", "uri": "/contracts/dNdUT4cipmA#major-action", "label": "Limited Liability Company Agreement", "score": 32.5655937195, "published": true}, {"hash": "agrZ75QzLmW", "uri": "/contracts/agrZ75QzLmW#major-action", "label": "Limited Liability Company Agreement", "score": 31.3408622742, "published": true}, {"hash": "eWmv7BOCMGT", "uri": "/contracts/eWmv7BOCMGT#major-action", "label": "Limited Liability Company Agreement", "score": 25.3504447937, "published": true}], "hash": "bcd9f457358245b8c357b08a69b47db5", "id": 7}, {"size": 5, "snippet_links": [{"key": "significantly-affecting", "type": "definition", "offset": [16, 39]}, {"key": "human-environment", "type": "definition", "offset": [59, 76]}, {"key": "the-environment", "type": "clause", "offset": [136, 151]}], "snippet": "means an action significantly affecting the quality of the human environment. Actions are called \u201cmajor\u201d when they significantly affect the environment of human beings.\u201cMajor\u201d reinforces but does not have a meaning indepen- dent of\u201csignificantly.\u201d", "samples": [{"hash": "5ROWLpAuKE8", "uri": "https://docs.legis.wisconsin.gov/code/admin_code/dhs/001/18.pdf", "label": "docs.legis.wisconsin.gov", "score": 11.0835046768, "published": false}, {"hash": "bQJkyo2qYcn", "uri": "https://docs.legis.wisconsin.gov/code/register/2008/635b/insert/dhs18.pdf", "label": "docs.legis.wisconsin.gov", "score": 10.1923341751, "published": false}, {"hash": "8QTsToHjLGy", "uri": "https://docs.legis.wisconsin.gov/code/register/2004/587b/remove/hfs18.pdf", "label": "docs.legis.wisconsin.gov", "score": 10.1923341751, "published": false}], "hash": "2b8756d67d71d9482c85f51a439d4e97", "id": 8}, {"size": 4, "snippet_links": [{"key": "the-term", "type": "definition", "offset": [63, 71]}, {"key": "material-action", "type": "clause", "offset": [73, 88]}, {"key": "major-decision", "type": "definition", "offset": [108, 122]}, {"key": "lead-securitization-servicing-agreement", "type": "clause", "offset": [157, 196]}, {"key": "date-of-determination", "type": "definition", "offset": [208, 229]}, {"key": "prior-to-a", "type": "clause", "offset": [238, 248]}, {"key": "a-note", "type": "definition", "offset": [267, 273]}], "snippet": "(a) after a Securitization, shall have the meaning assigned to the term \u201cMaterial Action\u201d, \u201cMajor Action\u201d, \u201cMajor Decision\u201d or any equivalent term under the Lead Securitization Servicing Agreement as of such date of determination and (b) prior to a Securitization of a Note, shall mean any of the following:", "samples": [{"hash": "bHFQGHzZqd", "uri": "/contracts/bHFQGHzZqd#major-action", "label": "Co Lender Agreement (Citigroup Commercial Mortgage Trust 2016-Gc36)", "score": 27.1273097992, "published": true}, {"hash": "1LVwsPEDh6v", "uri": "/contracts/1LVwsPEDh6v#major-action", "label": "Co Lender Agreement (COMM 2016-Ccre28 Mortgage Trust)", "score": 27.1081447601, "published": true}, {"hash": "dM7YkBFbKRv", "uri": "/contracts/dM7YkBFbKRv#major-action", "label": "Co Lender Agreement (CFCRE 2016-C3 Mortgage Trust)", "score": 27.0725536346, "published": true}], "hash": "3264ee2a80fae767b393d638ae1d56a4", "id": 9}, {"size": 4, "snippet_links": [], "snippet": "means:", "samples": [{"hash": "4rTqmr1Jaqd", "uri": "/contracts/4rTqmr1Jaqd#major-action", "label": "Co Lender Agreement (UBS Commercial Mortgage Trust 2018-C15)", "score": 29.988363266, "published": true}, {"hash": "aqMoyCcVXQD", "uri": "/contracts/aqMoyCcVXQD#major-action", "label": "Co Lender Agreement (UBS Commercial Mortgage Trust 2018-C13)", "score": 29.7748126984, "published": true}, {"hash": "NPiGUOH9zw", "uri": "/contracts/NPiGUOH9zw#major-action", "label": "Co Lender Agreement (CSAIL 2018-Cx12 Commercial Mortgage Trust)", "score": 29.6379184723, "published": true}], "hash": "0958f1425f29c6b4385536c9eb33667c", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIVbWFqb3ItYWN0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 626, "title": "Major Action", "snippet": "shall have the meaning assigned to the term \u201cMaterial Action,\u201d \u201cMajor Action,\u201d \u201cMajor Decision\u201d or any equivalent term in the Servicing Agreement.", "id": "major-action", "examples": ["Accordingly, among other restrictions included in the Equityholders Agreement, no act shall be taken, sum expended, decision made, obligation incurred or power exercised by or on behalf of the Member or the Company or the officers or employees of the Member or the Company with respect to any <strong>Major Action</strong> (as such term is defined in the Equityholders Agreement) unless the additional approval requirements as set forth in the Equityholders Agreement have been complied with.", "XM shall have the right to approve the review including completion of the review, review meeting minutes, and <strong>Major Action</strong> Item responses.", "At the conclusion of the review, a set of <strong>Major Action</strong> Items will be mutually agreed to.", "Committees of the Board shall not, in any event, have any power or authority to transact any <strong>Major Action</strong> or an action specifically covered by Section 4.4.", "In addition, unless approved by the Board as provided above, none of the Members on behalf of BOX Holdings shall enter into or permit BOX Holdings to enter into any <strong>Major Action</strong>.", "Construction activities on <strong>Major Action</strong> Projects will not begin until FHWA has approved the PMP or MDOT has obtained an Operationally Independent and Non-Concurrent Construction Projects (OINC).", "Any decision regarding any contract or other arrangement between the Company and a Member or an Affiliate or Affiliated Entity with respect to a Member may only be approved by the Members pursuant to Section 5.10 and shall be treated as a <strong>Major Action</strong> for purposes of such approval.", "A review shall not be considered COMPLETED until after all <strong>Major Action</strong> Items taken at the review meeting have been closed and the Notification of Review Completion has been approved by XM.", "Accordingly, among other restrictions included in the Equityholders Agreement, no act shall be taken, sum expended, decision made, obligation incurred or power exercised by or on behalf of the Members or the Company or the officers or employees of any of the Members or the Company with respect to any <strong>Major Action</strong> unless the additional approval requirements as set forth in the Equityholders Agreement have been complied with.", "For purposes of this Article 8, &quot;Mutual Disagreement&quot; shall mean the failure the Members to mutually agree upon a <strong>Major Action</strong> to be undertaken by the Company, which failure remains unresolved for a period ending on the twentieth (20th) day following the submission of a written notice by one Member to the other Member stating that such failure to agree on a <strong>Major Action</strong> has occurred (the &quot;Election Day&quot;)."], "related": [["major-accident", "major accident", "major accident"], ["substantial-action", "Substantial action", "Substantial action"], ["bankruptcy-action", "Bankruptcy Action", "Bankruptcy Action"], ["major-decision", "Major Decision", "Major Decision"], ["indigent-person", "Indigent person", "Indigent person"]], "related_snippets": [], "updated": "2026-05-23T04:46:04+00:00"}, "json": true, "cursor": ""}}