Optional Sale definition

Optional Sale has the meaning assigned to that term in Section 2.07(c).

Optional Sale has the meaning set forth in Section 7.10.

Optional Sale. Defined in Section 2.19(a).

Examples of Optional Sale in a sentence

• Except as otherwise permitted herein and in respect of any Discretionary Sale, Substitution, Optional Sale, or other sale permitted hereunder or required under the Sale Agreement, the Borrower will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any Collateral, whether now existing or hereafter transferred hereunder, or any interest therein.

• The proceeds of any Optional Sale shall be distributed on the related sale date in accordance with Section 2.8.

• Except as otherwise permitted herein and in respect of any Optional Sale and Permitted Securitization, the Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Collateral, whether now existing or hereafter transferred hereunder, or any interest therein, and the Seller will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder.

• The proceeds of any Optional Sale shall be distributed on the related sale date in accordance with Section 2.8(a).

• On the Optional Sale Date (with respect to Optional Sales) and on or prior to the Special Reduction Amount Date (with respect to Special Reduction Amounts), the Seller shall remit to the Administrative Agent the Optional Sale Proceeds or Special Reduction Amount, as applicable, for payment to reduce Advances Outstanding, related accrued Interest, Breakage Costs and Hedge Breakage Costs.

More Definitions of Optional Sale

Optional Sale has the meaning assigned to such term in Section 10.01(e).

Optional Sale has the meaning specified in Section 2.15(a).

Optional Sale has the meaning set forth in Section 7.10. “Original Commitment” means $250,000,000.

Optional Sale has the meaning set forth in Section 7.10. USActive 58353885.2

Optional Sale has the meaning assigned to that term in Section 2.07(c). DMSLIBRARY01\30388519.v8

Optional Sale has the meaning assigned to that term in Section 3.3.

Optional Sale. The meaning specified in Section 2.14(d). “Original Closing Date”: October 28, 2015. “Other Connection Taxes”: With respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Obligation or Transaction Document). “Other Taxes”: All present or future stamp, court or documentary, intangible, mortgage, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Transaction Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.18). “Outstanding Balance”: With respect to any Loan as of any date of determination, the outstanding principal balance of any advances or loans made by the Borrower to the related Obligor pursuant to the related Underlying Instruments as of such date of determination (exclusive of any interest and Accreted Interest). “Participant Register”: The meaning specified in Section 12.16(d). “Payment Date”: Quarterly on the 27th day of each January, April, July and October (or, if such day is not a Business Day, the next succeeding Business Day), commencing in January 2016. “Payment Duties”: The meaning specified in Section 7.2(b)(vii). -34- USActive 55348338.2