Common use of Clean-Up Call Rights Clause in Contracts

Clean-Up Call Rights. Participant shall have the right, exercisable in its sole and absolute discretion, to require the liquidation and sale, for cash consideration, of any remaining Loans and Acquired Collateral held by the Company or any Ownership Entity (the “Clean-Up Call”) at any time after the earlier to occur of (i) the date that is seven (7) years after the Effective Date and (ii) the date on which the then Unpaid Principal Balance is ten percent (10%) or less of the Unpaid Principal Balance as of the Cut-Off Date as set forth on the Loan Schedule.

Clean-Up Call Rights. Participant shall have the right, exercisable in its sole and absolute discretion, to require the liquidation and sale, for cash consideration, of any remaining Loans and Acquired Collateral held by the Company or any Ownership Entity (the “Clean-Up Call”) at any time after the earlier to occur of (i) the date that is seven ten (710) years after the Effective Date and (ii) the date on which the then Unpaid Principal Balance is ten percent (10%) or less of the Unpaid Principal Balance as of the Cut-Off Date as set forth on the Loan Schedule.

Clean-Up Call Rights. The Participant shall have the right, exercisable in its sole and absolute discretion, to require the liquidation and sale, for cash consideration, of any remaining Loans and Acquired Collateral held by the Company or any Ownership Entity (the “Clean-Up Call”) at any time after the earlier to occur of (i) the date that is seven (7) years after the Effective Closing Date and (ii) the date on which the then Unpaid Principal Balance is ten percent (10%) or less of the Unpaid Principal Balance as of the Cut-Off Date Closing Date, as set forth on the Loan Schedule.