Material Exception Report definition

Material Exception Report shall have the meaning specified in Section 1.2(a) of the Custodial Agreement.
View Source
Material Exception Report means a report delivered by the Custodian with a Trust Receipt and with a Custodian Certification setting forth any Material Exceptions.
View Source
Material Exception Report shall have the meaning specified in Section 1.1 of the Custodial Agreement. Diamond – Exhibits and Annexes to Collateral and Servicing Agreement #39316389
View Source

Examples of Material Exception Report in a sentence

  • Upon receipt of any documents not initially included in a Timeshare Loan File delivered to the Custodian hereunder, but subsequently Delivered thereto for the purpose of curing a Material Exception previously identified in a Material Exception Report (all such documents, “Trailing Documents”), the Custodian shall within five Business Days following such receipt, deliver an updated Material Exception Report to the Administrative Agent (with a copy to the Indenture Trustee, the Servicer and the Issuer).

  • The Material Exception Report will also include deficiencies identified by the Custodian in accordance with the Trust Receipt, provided, however, a Material Exception shall only be defined to include those reasons set forth on Annex A.

  • The Custodian shall provide a weekly Inventory Report and Material Exception Report electronically to the Buyer and the Servicer.