Optional Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, 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 transfer, assignment and release to the Seller by the Trustee, on behalf of the Secured Parties, of the Collateral (each, an “Optional Sale”), subject to the following terms and conditions:
Appears in 3 contracts
Samples: Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (NewStar Financial, Inc.)
Optional Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Optional Sale Date, the either Seller shall have the right to prepay all or a portion of the Advances Outstanding in connection with the transfer, sale and assignment and release to the Seller by the Trustee, on behalf of all or a portion of the Secured PartiesLoans, of as the Collateral case may be in connection with a Permitted Securitization Transaction (each, an “Optional Sale”), subject to the following terms and conditions:
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)
Optional Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Optional Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding in connection with the transfer, assignment and release to the Seller by the Trustee, on behalf a sale of the Secured Parties, all or a portion of the Collateral (each, an “Optional Sale”), subject to the following terms and conditions:
Appears in 2 contracts
Samples: Loan and Servicing Agreement (NewStar Financial, Inc.), Loan and Servicing Agreement (NewStar Financial, Inc.)
Optional Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Optional Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding in connection with the transfer, transfer and assignment and release to the Seller by the Trustee, on behalf of all or a portion of the Secured PartiesLoans, of as the Collateral case may be in connection with a Permitted Securitization or a Permitted Refinancing (each, an “Optional Sale”), subject to the following terms and conditions:
Appears in 2 contracts
Samples: Loan and Servicing Agreement (North Haven Private Income Fund LLC), Loan and Servicing Agreement (North Haven Private Income Fund LLC)
Optional Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Optional Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding in connection with the transfer, assignment and release to the Seller by the Trustee, on behalf of the Secured Parties, of its security interest in all or a portion of the Collateral Collateral, as the case may be (each, an “Optional Sale”), subject to the following terms and conditions:
Appears in 1 contract
Samples: Loan and Servicing Agreement (NewStar Financial, Inc.)
Optional Sales. (a) Prior to the occurrence of an Unmatured Termination Event or a Termination Event, on any Optional Sale Date, the Seller Borrower shall have the right to prepay all or a portion of the Advances Outstanding in connection with the transfer, sale and assignment and release to the Seller Borrower by the Trustee, on behalf of the Secured Parties, of all or a portion of the Collateral Loans, as the case may be in connection with a Permitted Securitization or a Permitted Refinancing (each, an “Optional Sale”), subject to the following terms and conditions:
Appears in 1 contract
