Limitations on Permitted Sales Sample Clauses
The 'Limitations on Permitted Sales' clause restricts the types and circumstances under which certain assets, goods, or interests may be sold by a party. Typically, this clause outlines specific conditions, thresholds, or approvals required before a sale can occur, such as prohibiting sales above a certain value without consent or limiting sales to particular buyers or markets. Its core function is to protect the interests of the other party by preventing unauthorized or undesirable transfers, thereby maintaining control over the disposition of valuable assets and reducing the risk of adverse consequences from unapproved sales.
Limitations on Permitted Sales. If, with respect to any investment held in a Certificate Account, both (i) the rating accorded by the applicable rating agency to the issuer of an investment or to the investment declines by two rating levels after acquisition of the investment and (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Trustee will cause that nonconforming investment to be sold as soon as practicable. Otherwise, except in the case of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in a Certificate Account.
Limitations on Permitted Sales. If, with respect to any investment of funds in a Custodial Account, both (i) the rating accorded by the applicable rating agency to the applicable issuer or to the investment declines by two rating levels after acquisition of the investment and (ii) as a result of the decline, the investment ceases to be an Eligible Investment, then the Primary Servicer is required to cause that nonconforming investment to be sold as soon as practicable. Otherwise, except for correction of investments made in violation of this Trust Agreement, no investment may be sold prior to its maturity while in the Custodial Account.
Limitations on Permitted Sales. If, with respect to any investment of funds in a Custodial Account, both (i) the rating accorded by the applicable rating agency to the applicable issuer or to the investment declines by two rating levels after acquisition of the investment and