मायोपाधिर्जगद्योनिः सर्वज्ञत्वादिलक्षणः ।परोक्ष्यशबलः सत्याद्यात्मकस्तत्पदाभिधः ॥ ४५ ॥
In plain words
Māyā is its limiting adjunct; it is the womb the world comes out of, marked by omniscience and the rest, tinged with remoteness, made of reality and all that follows from it. This is what the word "that" denotes.
Close to the Sanskrit
Having māyā as its limiting adjunct, the womb of the world, characterized by omniscience and the rest, tinged with remoteness, of the nature of reality and the rest — [this is what is] denoted by the word 'that'.