Common use of Optional Purchases Clause in Contracts

Optional Purchases. In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, ORCCOBDC shall have the right, but not the obligation, to purchase from the Issuer any Collateral Obligation subject to the Purchase and Substitution Limit, at a cash purchase price at least equal to the Fair Market Value of such Collateral Obligation (or applicable portion thereof) as of the date of such purchase, which the Collateral Trustee shall deposit into the Collection Account upon receipt. All substitutions and repurchases described above will be at the election of OBDC, subject to the consent of the Issuer.

Optional Purchases. In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, ORCCOBDC OBDC shall have the right, but not the obligation, to purchase from the Issuer any Collateral Obligation subject to the Purchase and Substitution Limit, Limit at a cash purchase price at least equal to the Fair Market Value of such Collateral Obligation (or applicable portion thereof) as of the date of such purchase, which the Collateral Trustee shall deposit into the Collection Account upon receipt. All substitutions and repurchases described above will be at the election of OBDC, subject to the consent of the Issuer.

Optional Purchases. In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, ORCCOBDC OBDC III shall have the right, but not the obligation, to purchase from the Issuer any Collateral Obligation subject to the Purchase and Substitution Limit, Limit at a cash purchase price at least equal to the Fair Market Value of such Collateral Obligation (or applicable portion thereof) as of the date of such purchase, which the Collateral Trustee shall deposit into the Collection Account upon receipt. All substitutions and repurchases described above will be at the election of OBDCOBDC III, subject to the consent of the Issuer.