Proposed Modification definition
Examples of Proposed Modification in a sentence
DELTAGEN shall have the right, in its commercially reasonable discretion, to accept or reject such Proposed Modification based upon DELTAGEN's good faith reasonable belief as to whether such proposed modifications would alter DELTAGEN's technical, performance or financial obligations under a Scope of Work.
If Administrative Agent shall request such approval of any Lender to such Proposed Modification, and not receive such approval or denial thereof in writing within ten (10) Business Days of the making of such request by Administrative Agent, as the case may be, such Lender shall be deemed to have given its approval to the request.
If Rite Aid wishes to modify the Agreement, it will send to the Organizations a Notice of Proposed Modification pursuant to section 7.a. above.
Delivery by Bank of America to Claimants of Notice of Proposed Modification pursuant to section 9.1(a), based upon the conditions stated in sections 8.1(a) or 8.1(b) shall suspend for forty-five (45) days Bank of America's performance of its executory obligations under the portion of section 3 of the Agreement that Bank of America seeks to modify.
If Administrative Agent determines that the Proposed Modification is a Material Amendment, the approval of the Required Lenders and Administrative Agent will be required (unless the approval of all Lenders is required consistent with the terms of Section 9.02(b)), and Administrative Agent shall promptly notify the Lenders of the Proposed Modification Notice, distributing, as appropriate, the Proposed Modification and any other relevant information provided by Borrower.