Common use of Credit Improved Loans Clause in Contracts

Credit Improved Loans. The Borrower or the Services Provider (on behalf of the Borrower) may direct the Collateral Agent in writing to sell any Credit Improved Loan either: (A) at any time if the Sale Proceeds from such sale are at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan; or (B) during the Reinvestment Period if the Borrower, or the Services Provider in compliance with the Servicing Standard, reasonably believes prior to such sale that it will be able to enter into binding commitments to reinvest all or a portion of the proceeds of such sale in one or more additional Collateral Loans with an Aggregate Principal Balance (together with any Collateral (which, for the avoidance of doubt, may be Collateral Loans or Cash) contributed (which contribution shall be irrevocable) by the Borrower or the Services Provider on the Borrower’s behalf prior to such sale) at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan within 30 Business Days of such sale.

Credit Improved Loans. The Borrower or the Services Provider (on behalf of the Borrower) Servicer may direct the Collateral Agent in writing to sell any Credit Improved Loan either: (A) at any time if the Sale Proceeds from such sale are at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan; or (B) after giving effect to such sale, the Principal Collateralization Amount (excluding the Collateral Loan being sold but including, without duplication, the Collateral Loan being purchased and the anticipated cash proceeds, if any, of such sale that are not applied to the purchase of such additional Collateral Loan) will be at least equal to the Reinvestment Target Par Balance; or (C) during the Reinvestment Period if the Borrower, or the Services Provider Servicer in compliance with the Servicing Standard, reasonably believes prior to such sale that it will be able to enter into binding commitments to reinvest all or a portion of the proceeds of such sale in one or more additional Collateral Loans with an Aggregate Principal Balance (together with any Collateral (which, for the avoidance of doubt, may be Collateral Loans or Cash) contributed (which contribution shall be irrevocable) by the Borrower or the Services Provider Servicer on the Borrower’s 's behalf prior to such sale) at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan within 30 Business Days of such sale.

Credit Improved Loans. The Borrower or the Services Provider Collateral Manager (on behalf of the Borrower) may direct the Collateral Agent in writing to sell any Credit Improved Loan either: (A) at any time if the Sale Proceeds from such sale are at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan; or (B) during the Reinvestment Period if the Borrower, or the Services Provider Collateral Manager in compliance with the Servicing Standard, reasonably believes prior to such sale that it will be able to enter into binding commitments to reinvest all or a portion of the proceeds of such sale in one or more additional Collateral Loans with an Aggregate Principal Balance (together with any Collateral (which, for the avoidance of doubt, may be Collateral Loans or Cash) contributed (which contribution shall be irrevocable) by the Borrower or the Services Provider Collateral Manager on the Borrower’s behalf prior to such sale) at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan within 30 Business Days of such sale.

Credit Improved Loans. The Borrower or the Services Provider (on behalf of the Borrower) Collateral Manager may direct the Collateral Agent in writing to sell any Credit Improved Loan either: (A) at any time if the Sale Proceeds from such sale are at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan; or (B) during the Reinvestment Period if the Borrower, Borrower or the Services Provider in compliance with the Servicing Standard, Collateral Manager reasonably believes prior to such sale that it will be able to enter into binding commitments to reinvest all or a portion of the proceeds of such sale sale, in compliance with the Servicing Standard, in one or more additional Collateral Loans with an Aggregate Principal Balance (together with any Collateral (which, for the avoidance of doubt, may be Collateral Loans or Cash) contributed (which contribution shall be irrevocable) by the Borrower or the Services Provider Collateral Manager on the Borrower’s behalf prior to such sale) at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan within by the later of (i) 30 Business Days of the settlement date of such salesale and (ii) the next succeeding Collateral Report Determination Date.

Credit Improved Loans. The Borrower or the Services Provider (on behalf of the Borrower) may direct the Collateral Agent in writing to sell any Credit Improved Loan either: (A) at any time if the Sale Proceeds from such sale are at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan; or (B) during the Reinvestment Period if the Borrower, or the Services Provider in compliance with the Servicing Standard, reasonably believes prior to such sale that it will be able to enter into binding commitments to reinvest all or a portion of the proceeds of such sale in one or more additional Collateral Loans with an Aggregate Principal Balance (together with any Collateral (which, for the avoidance of doubt, may be Collateral Loans or Cash) contributed (which contribution Contribution shall be irrevocable) by the Borrower or the Services Provider on the Borrower’s behalf prior to such sale) at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan within by the later of (i) 30 Business Days of the settlement date of such salesale and (ii) the next succeeding Collateral Report Determination Date.

Credit Improved Loans. The Borrower or the Services Provider (on behalf of the Borrower) Collateral Manager may direct the Collateral Agent in writing to sell any Credit Improved Loan either: (A) at any time if the Sale Proceeds from such sale are at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan; or (B) during the Reinvestment Revolving Period if the Borrower, or the Services Provider Collateral Manager in compliance with the Servicing Collateral Manager Standard, reasonably believes prior to such sale that it will be able to enter into binding commitments to reinvest all or a portion of the proceeds of such sale in one or more additional Collateral Loans Obligations with an Aggregate Principal Balance (together with any Collateral (which, for the avoidance of doubt, may be Collateral Loans Obligations or Cash) contributed (which contribution shall be irrevocable) by the Borrower or the Services Provider Collateral Manager on the Borrower’s behalf prior to such sale) at least equal to the Investment Criteria Adjusted Balance of such Credit Improved Loan within by the later of (i) 30 Business Days of the settlement date of such salesale and (ii) the next succeeding Collateral Report Determination Date.