Common use of Optional Sales Clause in Contracts

Optional Sales. (a) On any Optional Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Seller by the Administrative Agent, on behalf of the Secured Parties, of the Collateral (each, an “Optional Sale”), subject to the following terms and conditions:

Optional Sales. (a) On any Optional Sale Date, the Seller shall have the right to prepay sell and assign all or a portion of the Advances Outstanding in connection with the sale and assignment to the Seller by the Administrative Agent, on behalf of the Secured Parties, of the Collateral (each, an “Optional Sale”), subject to the following terms and conditions:

Optional Sales. (a) On any Optional Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Seller by the Administrative AgentTrustee, on behalf of the Secured Parties, of all or a portion of the Collateral Assets, as the case may be (each, an “Optional Sale”), subject to the following terms and conditions:

Optional Sales. (a) On any Optional Sale Date, the Seller shall have the right to prepay sell and assign all or a portion of the Advances Outstanding in connection with the sale and assignment to the Seller by the Administrative Agent, on behalf of the Secured Parties, of the Collateral (other than Eligible Treasury Securities) (each, an “Optional Sale”), subject to the following terms and conditions:

Optional Sales. (a) On any Optional Sale Date, the Seller shall have the right to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Seller by the Administrative Agent, on behalf of the Secured Parties, of the Collateral Assets (each, an “Optional Sale”), subject to the following terms and conditions: