Immaterial Amendment definition

Immaterial Amendment has the meaning assigned to such term in Section 4.02.
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Immaterial Amendment shall have the meaning set forth in Section 2.02(e) of the Servicing Agreement.
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Immaterial Amendment means any amendment, waiver, consent or other modification entered into or action taken under the Securitization Instruments by the Company or any of its subsidiaries that does not (i) adversely affect the Company and its Subsidiaries, taken as a whole, in any respect (other than a de minimis adverse effect), (ii) increase the obligations of the Company and its Subsidiaries under the Securitization Instrument (other than a de minimis increase of such obligations), (iii) surrender any rights of the Company or its Subsidiaries under the Securitization Instruments (other than a de minimis surrender of rights), (iv) impact the ability of the related borrower from terminating early and prepaying such facility without penalty or (v) require any direct out-of-pocket expenditure by the Company or its Subsidiaries to any party under, any of the Securitization Instruments exceeding, individually or in the aggregate with all other payments made in connection with amendments, waivers, consents or other modifications under clauses (i) through (iv) of this definition of “Immaterial Amendment”, $1,000,000; provided that Parent and HGV Borrower shall have received drafts of such documents reasonably in advance of execution and all fees, costs and expenses arising from the negotiation and consummation of any such Immaterial Amendment shall be borne by the Company.
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Examples of Immaterial Amendment in a sentence

  • Each Borrowing and each issuance, amendment (other than any Immaterial Amendment), renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrowers on the date thereof as to the matters specified in paragraphs (a), (b) and (c) of this Section 4.02.

  • Project modifications that deviate from the scope and/or conditions documented in the originally approved coastal development permit, but that do not result in significant new impacts to coastal resources, may be processed as an Immaterial Amendment.

  • On February 22, 2019, Immaterial Amendment No. 6-15-0223-A1 was approved to extend the permit expiration date from June 10, 2019 to August 14, 2019 in order to align the expiration dates of both permits and to allow the Commission to consider reauthorization of both permits at the same time; at the June 13, 2019 Commission meeting, which is the first scheduled Commission meeting in San Diego in 2019.

  • If no written objection to the notice of Immaterial Amendment is received at the CCC office within 10 working days of mailing said notice, the amendment is deemed approved.

  • In the event written objection to the notice is received within 10 working days of mailing notice, and the executive director determines that the objection does not raise an issue of conformity with the Coastal Act or certified LCP (if applicable), the Immaterial Amendment does not become effective until the amendment and objection are reported to the CCC at its next regularly scheduled meeting.

  • Since coming online in April 2016, Desalination Plant 2 has been operating as an interim facility under an Immaterial Amendment to its Coastal Development Permit (CDP) from the California Coastal Commission (Coastal Commission).

  • Padre will prepare the Immaterial Amendment application and will submit it to the CCC.TASK 3 – U.S. ARMY CORPS OF ENGINEERS NATIONWIDE PERMIT AUTHORIZATIONImplementation of the Project will result in the dredged and/or fill material within the Pacific Ocean, which is waters of the United States and within ACOE jurisdiction.

  • COST ESTIMATE Personnel/Item Mr. Grace, SSCSD August 8, 2022 Personnel/ItemAn Immaterial Amendment requires an application fee of $1,291.00.

  • No Restricted Group Member will change its Constitutional Documents, except to the extent permitted by Subsection 13.2.5 and (b) for any change that is an Immaterial Amendment.

  • Commission staff reviewed the comments and recommend no modifications to the proposed Immaterial Amendment.


More Definitions of Immaterial Amendment

Immaterial Amendment means any change which, in the opinion of the Required Lenders acting reasonably, could not reasonably be expected to (i) have a material adverse effect on any of the rights or obligations of any Restricted Group Member, (ii) change the business, assets, operations, liabilities or financial condition of any Restricted Group Member or any Person in which a Restricted Group Member has made an Investment, or the manner in which any Investment in or any distribution or return of capital on any Investment in any such Restricted Group Member or Person is to take place, as contemplated by the Constitutional Documents and agreements (including Acceptable LLC Agreements) governing such matters (including matters governing Deferred Acquisition Consideration and Put/Call Obligations) prior to such change, in a manner that is material to the credit assessment of the Restricted Group made by any Lender, (iii) change the nature, scope or extent to which any transaction is permitted or restricted under this Agreement, any Acceptable LLC Agreement or any similar such agreement or (iv) have a Material Adverse Effect.
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Immaterial Amendment means, in relation to a document, an amendment, modification or waiver which:
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Immaterial Amendment means any amendment entered into or action taken under a Securitization Agreement or Collateral Transaction Document by the Company or any of its Subsidiaries that does not (i) in the case of any such amendment, adversely affect the Company or any of its Subsidiaries, increase the obligations of the Company or its Subsidiaries under the Securitization Agreement or any Collateral Transaction Document or surrender any rights of the Company or its Subsidiaries under the Securitization Agreement or any Collateral Transaction Document (other than any such amendment that, individually or in the aggregate with all other amendments under this clause (i), has a de minimis adverse effect on the Company or any of its Subsidiaries) or (ii) in the case of any such amendment or action, require satisfaction of the Rating Agency Condition (as defined in the Securitization Agreement) with respect to all or any series of notes outstanding under the Securitization Agreement.
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Immaterial Amendment shall have the meaning set forth in Section 8.2.
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Immaterial Amendment means any amendment, waiver, consent or other modification entered into or action taken under the Securitization Agreement or any Collateral Transaction Document by the Company or any of its Subsidiaries that does not (i) adversely affect the Company and its Subsidiaries, taken as a whole, in any respect (other than a de minimis adverse effect), (ii) increase the obligations of the Company and its Subsidiaries under the Securitization Agreement or any Collateral Transaction Document (other than a de minimis increase of such obligations), (iii) surrender any rights of the Company or its Subsidiaries under the Securitization Agreement or any Collateral Transaction Document (other than a de minimis surrender of rights) or (iv) require any direct out-of-pocket expenditure by the Company or its Subsidiaries to any party to, or Noteholder or Note Owner (each as defined in the Securitization Agreement) under, any of the Securitization Agreement or any Collateral Transaction Document exceeding, individually or in the aggregate with all other payments made in connection with amendments, waivers, consents or other modifications under clauses (i) through (iv) of this definition of “Immaterial Amendment”, $1 million; provided, that if the Company receives notice from a Rating Agency (as defined in the Securitization Agreement) that any such amendment, waiver, consent or other modification would result in such Rating Agency downgrading any Series of Notes (each as defined in the Securitization Agreement) as a direct result of such amendment, waiver, consent or other modification, such amendment, waiver, consent or other modification shall not constitute an Immaterial Amendment.
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Related to Immaterial Amendment

  • Material Amendment has the meaning provided in Section 9.6.

  • Soil amendment means any substance that is intended to

  • Fundamental Amendment means, with respect to each Lender, any amendment, modification, waiver or supplement of or to this Agreement that would (a) increase or extend the term of the Individual Lender Maximum Funding Amounts or change the Final Maturity Date (other than an increase of the Individual Lender Maximum Funding Amount of a particular Lender or the addition of a new Lender agreed to by the relevant Lender), (b) extend the date fixed for the payment of principal of or interest on any Advance or any fee hereunder, (c) reduce the amount of any such payment of principal, (d) reduce the rate at which Interest is payable thereon or any fee is payable hereunder (other than in connection with the appointment of a Benchmark Replacement), (e) release any material portion of the Collateral, except in connection with dispositions permitted hereunder, (f) alter the terms of Section 9.01 or Section 13.01(b), (g) modify the definition of the terms “Majority Lenders,” “Required Lenders,” “Maximum Available Amount,” “Advance Rate,” “Borrowing Base,” “Minimum OC Coverage Test,” “Collateral Quality Test,” “Collateral Loan,” “Eligible Collateral Loan,” “Eligible Country,” “Class 1 Borrowing Base,” “Class 2 Borrowing Base,” “Class 3 Borrowing Base,” “Class 1 Minimum OC Coverage Test,” “Class 2 Minimum OC Coverage Test,” “Class 3 Minimum OC Coverage Test,” “Class 1 Loan,” “Class 2 Loan” or “Class 3 Loan” or any component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent); (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.

  • Incremental Amendment has the meaning set forth in Section 2.14(f).

  • Additional Amendment shall have the meaning provided in Section 2.14(g)(iv).

  • Major Amendment means any change which is not a minor amendment.

  • Permitted Amendment means, with respect to any Shared-Loss Loan Commitment or Shared-Loss Loan, any amendment, modification, renewal or extension thereof, or any waiver of any term, right, or remedy thereunder, made by the Assuming Bank in good faith and otherwise in accordance with the applicable requirements set forth in Article III of this Commercial Shared-Loss Agreement and the then effective written internal credit policy guidelines of the Assuming Bank; provided, that:

  • General Amendment means an amendment made by XXXXX, from time to time, to these Licence Conditions, on notice to the Licensee.

  • Material Indebtedness Agreement means any agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material Indebtedness is outstanding thereunder).

  • Material Project Documents means, collectively, the Power Purchase Agreement, the EPC Contract, the Transmission Facilities Construction Agreement, the O&M Agreement, the Coal Supply Agreements, the Coal Transportation Agreement and all other instruments, agreements or other documents arising from or related to the Project, but shall not include any Financing Agreement.

  • Increase Joinder has the meaning specified therefor in Section 2.14.

  • ESG Amendment has the meaning specified in Section 2.18.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Supplemental Amount The amount deposited in the Supplemental Loan Account on the Closing Date, which shall equal $0.00.

  • Administrative permit amendment means an air quality operating permit revision that:

  • Material Agreement means any material contract, commitment, agreement (written or oral), instrument, lease or other document, license agreement and agreements relating to intellectual property, to which the Corporation or any Subsidiary are a party or to which any of their property or assets are otherwise bound;

  • Restricted Amendment means the following: (A) an amendment of Specification 1, (B) except to the extent addressed in Section 2.10 hereof, an amendment that specifies the price charged by Registry Operator to registrars for domain name registrations, (C) an amendment to the definition of Registry Services as set forth in the first paragraph of Section 2.1 of Specification 6, or (D) an amendment to the length of the Term.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Borrower Joinder Agreement means a Borrower Joinder Agreement substantially in the form of Exhibit B-1.

  • Permitted Policy Amendment is an amendment, modification, termination or restatement of the Investment Policies, that is either (a) approved in writing by the Administrative Agent (with the consent of the Required Lenders), (b) required by applicable law or Governmental Authority, or (c) not material.

  • Specified Acquisition Agreement Representations means the representations and warranties made by, or with respect to, the Target and its subsidiaries in the Acquisition Agreement that are material to the interests of the Lenders, but only to the extent that the Borrower (or its applicable affiliate) has the right (taking into account applicable cure provisions) to terminate its obligations under the Acquisition Agreement or to decline to consummate the Acquisition (in each case, in accordance with the terms thereof) as a result of a breach of any such representations and warranties.

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Lender Joinder Agreement as defined in Subsection 2.8(c).

  • Guaranty Supplement has the meaning specified in Section 8.05.

  • Permitted Amendments has the meaning specified in Section 10.01.

  • Designated Borrower Request and Assumption Agreement has the meaning specified in Section 2.14.