Common use of Restricted Assets Clause in Contracts

Restricted Assets. Notwithstanding the other requirements set forth in this Indenture, in the event that any Collateral Obligation or other Asset is required to be sold pursuant to clause (e) above (in the event of an Optional Redemption of all of the Secured Debt), clause (f), Clause (h) or clause (l) of this Section 12.1, the Collateral Manager may notify the Issuer and the Collateral Trustee of any such Collateral Obligation or other Asset that, pursuant to the Collateral Manager’s internal policies and procedures, the Collateral Manager is restricted from transacting in (any such Asset, a “Restricted Asset”). Upon receiving any such notice of a Restricted Asset, the Issuer shall direct the Collateral Trustee to engage a broker or other third party experienced in transacting with assets similar to such Restricted Asset to sell such Restricted Asset on behalf of the Issuer and the Collateral Manager will be released from any obligations with respect to the disposition of such Restricted Asset. Neither the Collateral Manager nor the Collateral Trustee will incur any liability for any sale of any Restricted Asset. The fees and expenses of any third party engaged pursuant to this Section 12.1(m) are payable as Administrative Expenses.

Restricted Assets. Notwithstanding the other requirements set forth in this Indenture, in the event that any Collateral Obligation or other Asset is required to be sold pursuant to clause (e) above (in the event of an Optional Redemption of all of the Secured Debt), clause (f), Clause (h) or clause (l) of this Section 12.1, the Collateral Manager Servicer may notify the Issuer and the Collateral Trustee of any such Collateral Obligation or other Asset that, pursuant to the Collateral ManagerServicer’s internal policies and procedures, the Collateral Manager Servicer is restricted from transacting in (any such Asset, a “Restricted Asset”). Upon receiving any such notice of a Restricted Asset, the Issuer shall direct the Collateral Trustee to engage a broker or other third party experienced in transacting with assets similar to such Restricted Asset to sell such Restricted Asset on behalf of the Issuer and the Collateral Manager Servicer will be released from any obligations with respect to the disposition of such Restricted Asset. Neither the Collateral Manager Servicer nor the Collateral Trustee will incur any liability for any sale of any Restricted Asset. The fees and expenses of any third party engaged pursuant to this Section 12.1(m) are payable as Administrative Expenses.

Restricted Assets. Notwithstanding the other requirements set forth in this Indenture, in the event that any Collateral Obligation or other Asset is required to be sold pursuant to clause (e) above (in the event of an Optional Redemption of all of the Secured DebtNotes), clause (f), Clause (hk) or clause (lm) of this Section 12.1, the Collateral Manager may notify the Issuer and the Collateral Trustee of any such Collateral Obligation or other Asset that, pursuant to the Collateral Manager’s internal policies and procedures, the Collateral Manager is restricted from transacting in (any such Asset, a “Restricted Asset”). Upon receiving any such notice of a Restricted Asset, the Issuer shall direct the Collateral Trustee to engage a broker or other third party experienced in transacting with assets similar to such Restricted Asset to sell such Restricted Asset on behalf of the Issuer and the Collateral Manager will be released from any obligations with respect to the disposition of such Restricted Asset. Neither the Collateral Manager nor the Collateral Trustee will incur any liability for any sale of any Restricted Asset. The fees and expenses of any third party engaged pursuant to this Section 12.1(m12.1(n) are payable as Administrative Expenses.