Common use of Optional Sales Clause in Contracts

Optional Sales. (a) During the Revolving Period and prior to the occurrence of a Trigger Event, a Default or an Event of Default, on any Optional Sale Date, the Issuer shall have the right to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Depositor by the Issuer, and the release from the Lien of the Indenture by the Indenture Trustee on behalf of the Noteholders, of all or a portion of the Transferred Loans in connection with a Permitted Securitization (each, an "Optional Sale"), subject to the following terms and conditions:

Optional Sales. (a) During the Revolving Period and prior to the occurrence of a Trigger Event, a Default or an Event of Default, on any Optional Sale Date, the Issuer shall have the right to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Depositor by the Issuer, and the release from the Lien of the Indenture by the Indenture Trustee on behalf of the Noteholders, of all or a portion of the Transferred Loans in connection with a Permitted Securitization (each, an "“Optional Sale"”), subject to the following terms and conditions:

Optional Sales. (a) During the Revolving Period and prior Prior to the occurrence of a Trigger Event, a an Event of Default or the occurrence and continuance of an Unmatured Event of Default, on any Optional Sale Date, the Issuer Borrower shall have the right to prepay all or a portion of the Advances Outstanding in connection with the a sale and assignment to the Depositor by the Issuer, and the release from the Lien of the Indenture by the Indenture Trustee on behalf of the Noteholders, of all or a portion of the Transferred Loans Collateral (A) to or in connection with a Permitted Term Securitization or (B) in connection with the repayment of all Aggregate Unpaids and termination in whole of the Facility Amount pursuant to Section 2.5(a) (each, an "“Optional Sale"”), subject to the following terms and conditions:

Optional Sales. (a) During the Revolving Period and prior Prior to the occurrence of an Unmatured Termination Event or a Trigger Termination Event, a Default or an Event of Default, on any Optional Sale Date, Date the Issuer Borrower shall have the right right, subject to the payment of any Call Premium owed pursuant to Section 2.4(b), to prepay all or a portion of the Advances Outstanding in connection with the sale and assignment to the Depositor Borrower by the IssuerTrustee, and the release from the Lien of the Indenture by the Indenture Trustee on behalf of the NoteholdersSecured Parties, of all or a portion of the Transferred Loans 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: