ppm definition
Examples of ppm in a sentence
Notwithstanding the foregoing, without the consent of Administrative Agent or the Lenders, each Borrower may amend its Constituent Documents and PPM: (i) to admit new Investors to the extent permitted by this Credit Agreement; and (ii) to reflect transfers of interests permitted by this Credit Agreement.
With respect to any proposed amendment, alteration, modification, termination or change to any Constituent Document or PPM, the applicable Borrower will notify Administrative Agent of such proposal.
Each Borrower Party will deliver to Administrative Agent, not later than five (5) Business Days after the effectiveness thereof, a certified copy of any amendment, supplement, modification or change to its Constituent Documents or PPM.
Administrative Agent will determine, in its sole discretion (that is, the determination of the other Lenders will not be required) on Administrative Agent’s good faith belief, whether such proposed amendment, modification or change to such Constituent Document or PPM is a material amendment, and will use reasonable efforts to notify such Borrower of its determination within 5 Business Days of the date on which it is deemed to have received such notification pursuant to Section 12.07.