3436491 - Error with System Rename at the step updateNW_reloadModelFromProfileDir

During SYstem Rename with Software Provision Manager, we can see following error entries in the log file:

TRACE      2023-11-07 13:48:11.457 (<hostname>\<username>) (startInstallation) [Installer Callback]
NWInstance._fromStartProfile(<drive>:/usr/sap/<SID>/SYS/profile/<Old_Profile>, undefined, partial, undefined, fromUser)

<..>

ERROR      2023-11-07 13:48:12.698 (<hostname>\<username>) (startInstallation) [CSiStepExecute.cpp:1105] id=controller.stepExecuted errno=FCO-00011 CSiStepExecute::execute()
The step updateNW_reloadModelFromProfileDir with step key |offlineadjustment_dialogs|ind|ind|ind|ind|0|0|offlineadjustment_system_postprocessing_update_nw|ind|ind|ind|ind|system_post_update_nw|0|updateNW_reloadModelFromProfileDir was executed with status ERROR (Last error reported by the step: Assertion failed: in 
function (pfPath, userName, installationStatus, realhost, collectSource) {
<..>
}
: Variable pfStream(<drive>:/usr/sap/<SID>/SYS/profile/<Old_Profile>) should be defined.

SAP Netweaver 7.x
OS Independent.
DB Independent.

ind-rel.ind-os.ind-db.assertionFailed, updateNW_reloadModelFromProfileDir, System Rename , KBA , BC-INS-SRN , System Rename Utility , Problem