Common use of Optional Sales Clause in Contracts

Optional Sales. The Seller may, subject to the Seller’s receipt of the prior written consent from the Administrative Agent (determined in the Administrative Agent’s sole discretion) and subject to the terms and conditions so approved, 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 and the subsequent sale and transfer of such Collateral by the Seller (each, an “Optional Sale”).

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Optional Sales. The Seller may, subject to the Seller’s receipt of the prior written consent from the Administrative Agent (determined in the Administrative Agent’s sole discretion) and subject to the terms and conditions so approved, 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 and the subsequent sale and transfer of such Collateral by the Seller (each, an “Optional Sale”).

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Optional Sales. The Seller may, subject to the Seller’s receipt of the prior written consent from the Administrative Agent (determined in the Administrative Agent’s sole discretion) and subject to the terms and conditions so approved, 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 and the subsequent sale and transfer of such Collateral by the Seller (each, an "Optional Sale”).

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

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