Spatial Load Folder object has no Parent (Configure Project Root or Load Folder) object.
Load Folder object is not connected to its Configure Project Root or Load Folder object.
Coding or data model errors.
Modification is not possible.
What You Should Do
To delete the object, run the Clean Database custom command (ProgID SP3DCleanDatabaseCmd.CCheckObj). This command displays a dialog box that lists the objects in error. From the list you can select the objects and delete them.