Modulate mode blends the underlying object (that is effected by material properties and lighting) with the texture.
(Modulate mode; blends; the underlying object (that is effected by material properties and lighting; with the texture) (the underlying object; is effected; by material properties and lighting)
Modulate mode the underlying object
blends is effected
the underlying object (that is effected by material properties and lighting with the texture
by material properties and lighting